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. Ready to get started? Give us a call today!

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.