When Should I Get an Agreement in Principle in Solihull?

When Should I Get an Agreement in Principle in Solihull?

An agreement in principle (AIP) is a document issued by a lender that confirms that they’re willing to lend to you. This is provided that you supply the necessary documentation to verify your income and affordability for a mortgage in Solihull.

Having an AIP is a crucial step in the mortgage process. It can be used to make an offer on a property and may assist in negotiating prices with the seller. In a scenario where two potential buyers are interested in a property, and one has an AIP while the other does not, the seller will usually select the buyer with an AIP, as they have already been pre-approved, making the process quicker.

AIPs are valid for 30-90 days and can be renewed easily once they expire. To obtain an AIP, you can speak with one of our mortgage advisors in Solihull. We are usually able to arrange one within 24 hours of you getting in touch.


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