When you`re in the process of buying a house, securing a mortgage is one of the most important steps. One way to get a clearer picture of what kind of mortgage you might qualify for is to get an agreement in principle (AIP) from your lender. NatWest is one such lender that offers AIPs, but how long do they last?

First, let`s start with what an AIP is. Essentially, it`s a statement from a lender that says, based on a preliminary assessment of your financial situation, they would be willing to lend you a certain amount of money for a mortgage. This can be useful when you`re starting to look at properties as it gives you an idea of what kind of budget you`re working with.

So, back to the original question: how long does a NatWest AIP last? According to their website, their AIPs are valid for 90 days. This means that if you don`t find a property within that timeframe, you`ll need to apply for another AIP if you want to continue using NatWest as your lender.

It`s worth noting that an AIP isn`t a guarantee of a mortgage offer. NatWest (and other lenders) will still want to do a more in-depth assessment of your finances and the property you`re interested in before approving a formal mortgage offer. However, having an AIP can make the process smoother and help you stand out to sellers as a serious buyer.

If you`re nearing the end of your AIP`s validity and haven`t found a property, it might be worth considering applying for another AIP or reaching out to your lender to discuss your options. It`s important to keep in mind that your financial situation could change over time, so even if you received an AIP before, you still might not qualify for the same mortgage amount.

Overall, a NatWest AIP is valid for 90 days. If you`re in the process of buying a house, it`s worth considering getting an AIP to help you understand your budget and give you a leg up in the competitive housing market.