Agreement in Principle
This information is a guide only and should not be relied on as a recommendation or advice that any particular mortgage is suitable for you. All mortgages are subject to the applicant(s) meeting the eligibility criteria of the specific lender. You should make an appointment to receive mortgage advice which will based on your needs and circumstances.
FAQ
Why Get an Agreement in Principle?
In addition to estimating your borrowing limit, an AiP helps you to gauge the range of properties within your financial reach. Estate agents frequently request an AiP as it demonstrates your serious intent as a buyer.
Will an Agreement in Principle Impact my Credit Score?
Obtaining an Agreement in Principle won't impact your credit score since it entails only a soft credit check. However, when you proceed to apply for a mortgage, a full credit check will be conducted. While one or two checks generally have minimal impact on your score, multiple inquiries may gradually lower your overall rating.
Can I Get an Agreement in Principle If I’ve Had Money Problems?
Absolutely, obtaining an AiP is still possible even if you've encountered financial challenges in the past. Depending on your specific situation, it might be beneficial to consult with one of our specialist mortgage advisors beforehand. They can offer personalised guidance and tailor a solution to suit your unique financial circumstances.
