Decision in Principle

Congratulations on taking the next step in your home buying journey! A Decision in Principle (DiP) is a free, no-obligation certificate that gives you an indication as to what we may be able to lend you, subject to some additional checks on the property you’re looking to buy.

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Decision in Principle explained

Having a Decision in Principle (DiP) is beneficial when making an offer on a property. Most estate agents will ask if you have a DiP when you enquire about a property, as it gives you more credibility as a 'serious buyer'.

Why do I need a Decision in Principle?

Also known as a Mortgage in Principle (MiP) or an Agreement in Principle (AiP), a Decision in Principle (DiP) is essential when making an offer on a property. It’s a written estimate from a mortgage lender that gives you an indication of how much money you could borrow based on your deposit, income and outgoings.

What information do I need to provide?

How do I apply for a Decision in Principle?

How long does it take to get a Decision in Principle?

Does it guarantee me a mortgage?

How is it different from a Mortgage Offer?

Will my agreement be valid for any type of property?

Will a Decision in Principle affect my credit score?

How long does a Decision in Principle last?

We're here to help

If you have any further questions about getting a DiP, or if you’d like to book an appointment with a mortgage advisor, please give us a call today.