That loan this is certainly “pre-approved” or “approved in principle” is a loan that is NOT approved!

That loan this is certainly “pre-approved” or “approved in principle” is a loan that is NOT approved! Susceptible to valuation “Subject to valuation” is considered the most typical requirement attached with a loan approval that is conditional. The price paid for a property will be regarded as the new “current market value” of the property, 

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