Get a Decision in Principle as a first time buyer
Before you can apply for a mortgage, you’ll need to get a Decision in Principle.
Getting a Decision in Principle (DIP)
A Decision in Principle confirms what we'd be prepared to lend to you. It’s also known as an Agreement in Principle (AIP) or a Lending Certificate.
An estate agent may ask to see your Decision in Principle before they will let you view a property. You’ll be able to download your Decision in Principle certificate from our online application portal.
If you're applying with an LTV between 85.01% and 95%
- The most we can lend is £500,000.
- We will only accept applications if you’re buying a house or a bungalow – not for flats, maisonettes, coach house flats or coach houses.
- We will only accept applications to buy pre-owned properties, not new build homes.
House prices can go up and down. If property prices fall, there's a risk that the equity in your home could drop too. This could affect your future plans.
Mortgages are subject to underwriting and criteria. Minimum age 18, UK residents only.