Mortgage Agreement in Principle in Derby

Mortgage Agreement in Principle (AIP) –  A Mortgage Agreement in Principle is a written estimate from a mortgage lender, providing you with an indication of how much money you can to borrow. With this in hand, you can then demonstrate to estate agents and vendors to prove you’re a buyer who is creditworthy. That you have passed the lenders credit score and (in theory), obtain a mortgage.

Mortgage Agreement in Principle (AIP)

If you know anyone who works for a bank or building society and talk to them about a Mortgage Agreement in Principle, then they will likely tell you; just “how long it can take to get an appointment with a Mortgage Advisor” at certain times. This can take anything from a few days to several weeks – not exactly Responsive! … and probably not what want you want to hear when you are looking to arrange your own mortgage.

Same Day Mortgage Appointment

Here at Derby Money Man, we have Mortgage Advisors available for same-day appointments. So if you have found a house you are interested in or have booked a viewing on one and need to see just what type of mortgage you qualify for and also what will suit you best, then you can speak with a CeMap qualified expert here at Derby Money Man at short notice.

You will be able to start your mortgage enquiry quickly and easy, online. Provide a few simple details online with some basic information, then once we have assessed your details and requirements, we can recommend the most suitable mortgage lender for your particular requirements.

Credit Checks

Its normal for a credit check to be carried out by the Lender but it’s not unusual at all for us to be able to obtain a ‘Mortgage Agreement in Principle’ for you on the same day as your enquiry.

From this point, you will then have your mortgage agreement principle agreed and can make an offer on the property. You will be better placed than other people viewing the property who have not taken this step and the Estate Agent can put your offer forward as a “qualified purchaser”, e.g. you are in a good position from which to proceed.

Hopefully, this will help you with your successful negotiation on the house sale price if you decide to make an offer!

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Derbymoneyman.com & Derbymoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

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Derbymoneyman – 19 St Christophers Way, Pride Park, Derby, DE24 8JY.

The Financial Conduct Authority does not regulate most buy to let mortgages.

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