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Tag: decision in principle

How to Get a Mortgage in Principle

What is a Mortgage in Principle? A mortgage in principle (MIP), also known as an agreement in principle (AIP), is a preliminary assessment by a lender of how much they are willing to lend you based on your financial situation. This document is not a formal mortgage offer, but rather an estimate that provides you […]

Auction Finance Decision in Principle UK Guide

What is an Auction Finance Decision in Principle? An auction finance decision in principle (DIP) is a preliminary agreement from a lender indicating how much they are willing to lend for a property purchase at auction. This document is crucial for potential buyers, as it outlines the maximum loan amount based on the buyer’s financial […]

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The advice we give is not FCA regulated. Broker fees: All applications have a non-refundable booking fee of £599. Buy to let mortgages have a completion fee of up to £1,999 for loans under £500,000 or 1% of the loan amount for loans over £500,000. Bridging and Commercial mortgages have a completion fee of either £3,499 for loans under £350,000 or 1% of the loan for loans over £350,000. Booking fees are payable on submission. Completion fees are payable after the mortgage completes, or if you opt not to proceed with a mortgage offer that you previously accepted.

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