Understanding the steps to securing an Agreement in Principle!
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Are you ready to begin your journey towards home ownership but unsure where to start? The first step is obtaining an Agreement in Principle (AIP) also known as a Decision in Principle (DIP).
An AIP is a preliminary assessment from a lender that gives you an estimate of how much you may be able to borrow for a mortgage. It’s not a mortgage offer, but it shows sellers and estate agents that you are a serious buyer. In many cases, estate agents will require an AIP before considering taking a property off the market.
At Abodo, we’ll work with you to complete a brief application with your chosen lender. This involves providing basic information about your income, expenses and credit history. The lender will then assess your details and provide an AIP, giving you an indication of how much you might be able to borrow.
Speak to us about getting an agreement in principle
Speak to our mortgage team to discuss your mortgage options. We will help you choose the most appropriate deal.
See why people trust Abodo for Agreement in Principle
Personalised Approach
Unique mortgage strategy for each client
Market Expertise
Comprehensive market research with Whole of Market lenders on offer
Transparency
Clear, jargon-free communication. Ask us anything at any point but we are confident we will have already covered it.
Your Life Journey
Ongoing support beyond mortgage completion
Personalised Approach
Unique mortgage strategy for each client
Market Expertise
Comprehensive market research with Whole of Market lenders on offer
Transparency
Clear, jargon-free communication. Ask us anything at any point but we are confident we will have already covered it.
Your Life Journey
Ongoing support beyond mortgage completion
Why Get an AIP?
Having an Agreement in Principle is a smart move before you start house hunting. It shows sellers that you are serious about buying. It also gives you peace of mind, helping you focus on properties within your budget and avoiding homes you may not be able to afford.
You may be wondering if there are any hidden fees or catches. Typically, getting an AIP is free and won’t affect your credit score, as most lenders carry out a soft credit check at this stage. It’s a risk-free way to explore homeownership without committing to a mortgage just yet.
If you’re ready to take the first step toward homeownership, why not get an Agreement in Principle with Abodo? It’s quick, easy, and could be the key to finding your dream home. Contact us today at Abodo and we’ll guide you through the process.
