Apply For A Decision In Principle

Before applying for a mortgage, and often before making an offer on a property, you’ll need a Decision in Principle (DIP). This is also known as an Agreement in Principle (AIP) or a Lending Certificate. This document confirms that the lender would be prepared to lend to you based on the information you have provided.

This is what a Decision in Principle takes into account:

• Whether you can afford the amount you’re looking to borrow, based on your income and outgoings as well as other factors
• Your credit score, based on a credit check carried out during the DIP application
• The lender’s lending criteria so they continue to remain as responsible lenders