What is mortgage pre-approval and do I need it?
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Answer: A mortgage pre-approval, also called an approval in principle, is a lender’s conditional indication of the amount it may lend based on your current file. It is not final approval; property valuation and lender conditions still apply. Validity is lender-specific and is often 60–90 days.
Mortgease starts reviewing the documents you provide within 24 hours. A bank-issued pre-approval often takes 2–5 working days after the lender has a complete file, although the timing varies. See the complete pre-approval guide or take the free two-page document checklist.
How Mortgease helps
- We confirm how this applies to your profile across 14 UAE banks — free, commission-free.
- Verified pricing, not poster rates: see the live rate table and the UAE Rate Index.
- Bank pre-approval typically takes 2–5 working days.
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