Agreement in Principle (AIP)

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Focus Admin | March 10, 2025

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An Agreement in Principle (AIP), also known as a mortgage or decision in principle, is a lender’s initial assessment of how much they might be willing to let you borrow for a mortgage. As part of the assessment, lenders will ask for your core details, like your name, address, income, outgoings etc. They will also carry out a credit check. It’s not a guaranteed offer; however, it gives you an idea of your potential borrowing power and strengthens your position when making offers on properties you want to buy. In short, it’s an early indication of mortgage approval.

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