YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS

ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Agreement in Principle


You can take the initial step toward owning or re-mortgaging your home with an Agreement in Principle. Before you apply for a mortgage, an Agreement in Principle is a quick and simple way to give you an estimate of how much could be willing to lend to you.

  
The Agreement in principle is the lenders way of saying, “based on the information you have provided we are prepare to lend you amount applied for”

Why get an Agreement in Principle?

You'll learn not just how much you may borrow, but also how much you can afford to spend on your new home. This means you can focus on properties that are within your budget.


Estate agents may also request to see an agreement in principle as this demonstrates that you are a serious buyer who can obtain a mortgage.

 

Why choose us

we can find the right lender for you first time, so you don’t need to waste time searching the market.

Contact us now…

What’s involved with an agreement in principle?

We typically ask for the information below:


•    Personal Details
•    Exact Income Details
•    Details of your outgoings and any existing credit agreements
•    Your address history for the last 3 years
•    Credit Score information

Using this information, we identify the lender who would be right for you and ask for the agreement in principle, contact us now to get your agreement in principle.


How will my credit score be affected?

An agreement in principle wont effect your credit score as it is only a “soft” search that is done, and only certain information is checked with the credit agencies.  When you make the full application, a full credit check is done which may affect the end result.

Does an Agreement in Principle does not guarantee a mortgage offer?

An agreement in principle is the lenders way of saying, “based on the information you have provided we would lend X amount”, however, if within the full mortgage process, they come across something that they are not happy with then a full mortgage offer may not be issued.