What is an Agreement in Principle?
An Agreement in Principle (AIP), sometimes called a Decision in Principle (DIP), is a document from a lender that shows how much they’d likely lend you based on a quick assessment of your financial situation.
It’s not a guaranteed mortgage offer, but it’s a great first step in the home-buying process.
Why Do You Need an AIP?
- Shows sellers and estate agents you’re serious, which is especially useful in competitive areas
- Gives you a clear budget before falling in love with that dream home
- Saves time when your offer gets accepted
How Long Does an AIP Last?
Usually between 30 to 90 days. If it expires, don’t panic, we can help you renew it in minutes.
Does an AIP Affect Your Credit Score?
Some lenders do a soft credit check (which doesn’t impact your score), while others do a hard check. At Coreco, we’ll match you with the right option to keep your credit squeaky clean.
Can I Get One If I’m Self-Employed or Have Bad Credit?
Yes! AIPs remain essential, if not more so, and can be obtained regardless of your current status. We ensure the right lender reviews the correct information. Every case is different, and we’re pros at making tricky situations work.
Coreco’s Quick Tip
“An AIP is like your VIP pass to the property market. It shows you mean business, and what is more, we’ll sort it for free.”
Ready to Get Your AIP?
No stress, no silly hoops – just expert advice from real humans who love this stuff.
Book your free AIP chat with Coreco today and get mortgage-ready in minutes.
