Decision in Principle - The Mortgage Broker
Trustpilot

Access the best rate in 3 simple steps

Get a Decision in Principle today with The Mortgage Broker

Speak to one of our remortgage advisers.

Click on our contact form or call us on: 0800 0320 316. Our friendly team are waiting for your call.

We will search for the best rate that matches your needs

Instant search and access to 18,000 products

We submit the application and fast-track the process

Get a decision in principle ready to progress your home purchase.

We search over 130 mortgage lenders

Rates starting from 3.89%

Our panel of lenders include High Street Banks, to Building Societies and Specialist Lenders that our customers either don’t have access to or even know about. Our team work closely with the market everyday, and will search high and low for what you need.

Request a call back

Are you:

  • Moving Home
  • First Time Buyer
  • Looking at Buy-to-Let options?

Then look no further.

Giving you mortgage advice and getting you the best mortgage rate possible is our fundamental goal. We won’t stop until you’ve got the best mortgage deal. No matter your current financial situation, whether you have bad credit, a change in circumstances or just looking to do some home improvements, it doesn’t matter. We make it our business to help those in need.

Access Exclusive Rates through The Mortgage Broker

Needing to get a decision in principle is an essential part of your mortgage journey. When this time comes,  getting the best deal possible is a must. With varying interest rates and many thousands of options open to you, this is both an exciting and daunting time. That’s where The Mortgage Broker comes in. Let us do the hard work for you. Our expert mortgage advisors will search lenders big and small, from John O’groats to Land’s End to find the best deal for you.

  • 96+ Mortgage Lenders
  • 12,000 Mortgage Products
  • Instant Rate Checks 
  • No Impact On Credit Score

There are plenty of reasons why people remortgage and our mortgage specialists can support you across all areas. Whether you want to release cash, do home improvements, find a better rate or just avoid paying more on a standard variable, our team are on hand to assist you. If you are concerned about debt, please don’t be, The Mortgage Broker have many debt consolidation options and lenders that look favourably on bad credit or complex income scenarios.

An mortgage in principle (offer in principle / mortgage in principle / agreement in principle) is a preliminary decision by the lender that indicates how much they would be willing to lend based on the initial set of facts that we present to them. This means it is not a formal offer and you are not able to complete a purchase or a remortgage with just a decision in principle.

Key Facts:

  • Indicative quote on what you can borrow
  • Often a soft foot print on your credit file
  • Used to understand and illustrate how much you can borrow
  • Demonstrates the buyer to be a serious buyer and financially capable
  • Helps speed up the mortgage process when proceeding

Simply contact The Mortgage Broker and one of our specialist advisers will gather the information from you and search all our Lenders criteria. Within a matter of minutes, with the information you have provided, we can understand your affordability and options with getting a mortgage. If desired and/or required by an Estate Agent or Seller, we can run a decision in principle for you there and then.

Our systems at The Mortgage Broker allow us to quickly establish whether or not you can get a decision in principle. In fact, to get an initial indication and acceptance from a lender, we only require the following:

  • Details of Income
  • Outgoings and Existing Credit
  • Deposit Amount

No. As a mortgage broker, we are able to do a soft search on your credit score which will not impact your credit score. Getting an offer in principle can be done without affecting anything as we just need to check your details with credit reference agent.

This is the formal agreement and offer of a mortgage from the lender. This means the lender, following a full fact check of the applicants circumstances, is willing to loan the agreed amount on the designated property.

Key Facts:

  • Formal binding agreement by way of contractual commitment
  • Subject to legal processes and property surveys
  • Full search on credit report has been successfully approved
  • Thorough assessment of applicants finances has been approved
  • Illustrates the terms and conditions of the loan
  • Includes loan amount, interest rate, repayment terms and any other conditions

 

Apply for a decision in principle today

Get an expert to find you the best decision in principle?

Contact The Mortgage Broker