Ndubuisi 'Andy' Egwim walks through getting an Agreement in Principle for a UK mortgage. It's a conditional promise from a lender, not binding, and you can shop around after getting one. Start by knowing your budget, then apply online or through a mortgage adviser with your documents ready.
Agreement in principle. Agreement in principle. I hear a lot of people say, how can I get an agreement in principle? Or it's also called decision in principle. Well, it's not that difficult, actually. If you've determined your budget and you're ready to go, you can either walk through your mortgage advice or you can go online yourself to get an agreement in principle. Remember, even if you get it from any bank or anywhere, you don't necessarily have to use that same one. What it is basically an agreement in principle. It is sort of like a gentleman's agreement. The lender is saying, I'm going to lend you this money after you've answered some questions, and if the questions you've answered checks out, when it comes to it, lend you this money. So you can actually go online. If you want to get an agreement in principle, you can actually go online. If you live in the UK residential, you've got every document that is required, you can jump online and say, get an agreement in principle and just mention it back. You can go online, fill it out, all out and get one downloaded.
