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What is an Agreement in Principle?

An Agreement in Principle (AIP) is the first step to getting a mortgage which lets you know how much you could borrow. It will also give you an idea of the properties you can afford. Estate agents often ask to see an AIP. It shows that you're serious about buying.

You'll get an instant decision if you apply between 6am and 10pm Monday to Saturday, or 6am and 9pm Sunday. Otherwise we'll give you a decision the next day.

Once you've got your AIP, you can make a full mortgage application when you’re ready. You can apply in branch, by phone, or online via a video appointment.

It's quick and easy to apply for an AIP

  • It should take about 15 minutes
  • We'll need to know details of your income and outgoings
  • You'll also need your addresses for the last 3 years

Applying won't affect your credit rating

We'll do a soft credit check as part of the process. This won't affect your credit rating or your ability to borrow in the future. Only you can see soft credit checks on your credit report.

Find out more about how we use your personal details.

You can only apply for an AIP if:

  • You are a UK resident aged 18 or over
  • You have full rights to live in the UK
  • You are buying or remortgaging a residential property
  • You receive your income in pound sterling

Keep in mind

We can't offer you a mortgage if you've been bankrupt in the last six years. Or if you have a bankruptcy restriction order.

We can't give you a decision online if more than two people are applying, or if you want a mortgage that runs into retirement. Instead, you'll need to speak with one of our mortgage advisers who will be happy to help. Call us on 0345 850 3705 or book an appointment

We'll keep a record of the information you give us. Find out more about how we use your personal details.

Other information

We only offer residential mortgages for you or your family; on a limited range of mortgages from Halifax, a division of Bank of Scotland plc.

An AIP is not a guarantee. You need to make a full mortgage application to confirm the amount you can borrow.

If you're looking for a Buy to Let mortgage, you can only apply for an AIP in branch or by phone.