No impact on your credit score
Get Mortgage Ready Before You Start Viewing Properties
A Mortgage in Principle, also called an Agreement in Principle or Decision in Principle, is an early indication of what a lender may be prepared to lend after an initial review of your circumstances. It can help you understand your likely budget before viewing properties or making an offer in Scotland. An MIP is not a formal mortgage offer and remains subject to lender criteria, affordability, credit, document and property checks.
Documents You May Need
An MIP sets out how much a lender may be prepared to offer, helping you focus your property search in Scotland within a realistic budget.
Your Credit Score Stays Safe
An MIP is based on a soft credit check, so you can explore your options without impacting your credit profile.
Speak with an Advisor, Decision in 15 Minutes
You can complete your application with The Mortgage Broker and receive your decision in principle in as little as 15 minutes.
Get Mortgage Ready25,000+ Mortgage Products
available to The Mortgage Broker Scotland130+ Lenders
accessible by The Mortgage Broker ScotlandApplying for a Mortgage in Principle in Scotland
Get your mortgage in principle certificate and understand your financial position in around 15 minutes. We run eligibility checks across our lender panel, then place your MIP with the lender that fits your case.
Step #1: Tell Us Your Goals & Circumstances
Tell us your plans, a few financial details, and what you’d like to achieve.
Step #2: Soft Search Mortgage in Principle
We’ll search for the best rate available in Scotland.
Step #3: Get your Mortgage in Principle Certificate
We get your best rate mortgage in principle within the Scottish market.
Found a Property in Scotland?
Share the Home Report, asking price and the property details with our team. We can help you understand the mortgage considerations before you ask your solicitor to submit an offer.
The first conversation is designed to help you understand your likely budget and the documents you may need when you are ready to apply. The exact information needed will depend on your circumstances and the lender you approach. To give you an early view of what may be affordable, we will usually ask about: Some lenders may use a soft search at this stage, while others may use a different process. We will explain the likely credit-check approach before you proceed. You will usually need to provide: When you find a property and are ready to progress, a lender will usually ask for evidence to support your application, including: Before issuing a formal mortgage offer, the lender will carry out its own checks. This can include reviewing your affordability, credit history, supporting documents and the property you intend to buy.What You Need for a Mortgage in Principle in Scotland
To Understand Your Affordability
For an Initial Lender Check
For a Full Mortgage Application
Why Work With The Mortgage Broker Scotland?
The Mortgage Broker Scotland is a team of award-winning Scottish mortgage experts with the tools and expertise you need to accelerate the process of getting a mortgage.
Clear, Straightforward Advice:
Buying your first home comes with a lot of questions. Our advisors explain everything in plain English, so you always understand your options and next steps.
No Upfront Advice Fees:
You can explore your options with confidence. There are no upfront advice fees, and you only pay if you decide to proceed with a mortgage offer.
Access to 130+ Lenders:
We search across a wide range of lenders, including options not always available on the high street, to find a mortgage that fits your circumstances.
Mortgage in Principle in Minutes:
Get a mortgage in principle quickly, with no impact on your credit score. This helps you understand your budget and shows sellers you are ready to buy.
Support From Start to Finish:
From your first enquiry through to completion, we manage the process for you. That includes dealing with lenders, working with solicitors, and keeping you updated at every stage.
FCA-Regulated, CeMAP-Qualified Advisors:
You will receive advice from fully qualified professionals, giving you confidence that your mortgage is suitable and compliant.
We take the time to understand your plans and present options that reflect your position and the property you are looking to purchase.
Meet Your Scottish Mortgage Advisers
Meet our team of Scottish mortgage advisors based in and around Edinburgh, ready to help you reach your goals in property.
From Setbacks to Success: First-Time Landlord Secures BTL Mortgage
Initial Enquiry
The client approached us as she had recently sold her residential property and was living with her partner, who owned his own home. With no need for a new residential property, and with funds it invest, she sought an investment property purchase. The client had found a promising property local to her with a good rental yield and was looking for a buy-to-let mortgage.
| New Lending | Property Value | Balance | Loan to Value | Term | Payment Type | Interest Rate | Product Type | Payment |
| New Mortgage | £395,000 | £265,000 | 67.09% | 20 | Interest Only | 4.59% | 5 Year Fixed | £1,021.00 |
The Challenge
The client found looking for a mortgage was a bit tricky. Other mortgage brokers had turned the client down because of a few hurdles. Her income was relatively low, as she was a new business owner (less than a year self-employed) and also had some benefit income. On top of that, she had some adverse credit on her record from the last year, which happened because she was financially supporting two properties while her old home was in the process of being sold.
The Solution
The key was to find a lender who would look at the whole picture, not just the individual challenges. We found a lender who was willing to consider the case holistically and focus on the client’s overall financial situation. The great rental income from the new property would significantly improve her financial standing, giving her the space she needed to grow her new business and manage her credit history. After reviewing the evidence, The Lenders underwriters gave their thumbs up at the Mortgage in Principle (MIP) stage.
The Result
Everything came together. A mortgage was secured for the client to buy the £395,000 property with a £265,000 loan. The mortgage was an interest-only product with a 5-year fixed interest rate of 4.59%. This resulted in a monthly payment of £1,021. With the monthly rental income of £1,700, the client was looking at a very healthy positive cash flow.
How did this help?
This solution was a real game-changer for the client. It allowed her to turn her funds into a productive, high-yield investment, which was exactly what she wanted. The new, reliable income stream from the rental property not only helped her handle her past credit issues but also gave her the financial confidence to focus on building her new business.
Advisor: Harrison AndrewsGet a Mortgage in Principle in Scotland Today
Speak to a Scottish mortgage adviser to understand your likely borrowing position, the information you will need and the next steps before you make an offer.