A mortgage in principle is a certificate letting you know how much you could borrow, then there’s a pretty good chance you can get the required mortgage, although it’s not a guarantee!

Some mortgage brokers provide their own mortgage in principle certificate which does not involve any credit checks and is just an affordability assessment so does not take into account your credit history or the lenders criteria.

Once I have your mortgage in principle accepted I will provide you with a certificate which shows you are serious. Most estate agents will require this as proof that you can buy the property you may be putting an offer in on.  It can also help you to agree a better price with the seller, because it shows you’re a serious buyer who can get a mortgage.

A mortgage in principle is usually valid for 1 month or 3 months depending on the lender but don’t worry if you can’t find a house we will review again and provide you an up to date one when required.

Some lenders will carry out a soft credit check, some a hard credit check as well as affordability and criteria assessments to let you know whether you will be accepted for a mortgage.