Ready to get started with an Agreement in principle?
An Agreement in Principle (AIP) can also be referred to as a Decision In Principle (DIP), Mortgage in Principle (MIP) or a Mortgage Promise – they are all essentially the same thing. An Agreement in Principle is formal written estimate from a mortgage lender that gives you an indication of how much you can borrow. This document can then be used to show an estate agent or house seller that you can raise the money required (via a mortgage) to purchase a house.
Getting an Agreement in Principle is one of the first steps towards understanding how much you’ll be able to borrow and therefore the value of the home you can afford, it will give you much greater confidence about the likelihood of getting a mortgage than a simple mortgage calculator. Phone us or complete the details below to get your Agreement in Principle today.
Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.