Once you have an agreement in principle, it`s time to start preparing for the next stages of the process. Whether you`re buying a home or securing a loan, an agreement in principle is an important step in the process as it shows that you have been pre-approved for the amount you need.

Here are a few things you need to do once you have an agreement in principle:

1. Find a property or vehicle to purchase

Once you have an agreement in principle, you can start looking for a property or vehicle that fits your budget. Make sure you have a clear idea of what you`re looking for and what your budget is. This will help you to narrow down your options and find a property or vehicle that meets your needs.

2. Complete the application process

Once you have found a property or vehicle you wish to purchase, it`s time to complete the application process. This may involve providing additional information, such as proof of income or employment. Make sure you have all the necessary documentation ready to go, and that you understand the terms of the loan or mortgage you are applying for.

3. Consider your options

While you may have found a property or vehicle you`re interested in, don`t be afraid to shop around and consider your options. Different lenders or sellers may offer different rates or terms, so it`s important to compare your options and make an informed decision.

4. Get a survey or inspection

If you are purchasing a property, it`s important to get a survey or inspection to ensure that the property is in good condition and that there are no hidden issues. This can help to avoid any costly surprises down the line.

5. Finalize the sale

Once all the necessary checks have been completed, it`s time to finalize the sale. This may involve paying a deposit, signing paperwork, and arranging for the transfer of funds. Make sure you understand all the terms of the sale, and that you are comfortable with the process.

Overall, having an agreement in principle is an important first step in the process of buying a property or securing a loan. However, it`s important to be prepared for the next stages of the process and to make sure you have all the necessary information and documentation ready to go. With a bit of planning and preparation, you can move forward confidently and secure the loan or property you need.