NatWest mortgages are available to over 18s. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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What is an Agreement in Principle?
An Agreement in Principle (AIP) is a personalised indication of how much you may be able to borrow towards the purchase or remortgage of a property. It's sometimes known as a 'Mortgage in Principle', a 'Decision in Principle' or a 'mortgage promise'.
- It has no impact on your credit score.
- There's no commitment to get a NatWest mortgage and you don't need to be a NatWest customer already.
- It's free and takes less than ten minutes to complete.
How would I get an Agreement in Principle certificate?
- An Agreement in Principle (AIP) certificate is a document that you can use with an estate agent, or someone selling a property, to show that you may be in a financial position to purchase it.
- Having your certificate to hand could be useful when trying to secure house viewings, which may speed up your home buying journey.
- To get a certificate, you'll first need to get a positive Agreement in Principle decision. Once you have this, you can download your AIP certificate.
Frequently Asked Questions
When should I get an Agreement in Principle?
- It is useful to have an AIP when you are viewing properties with an intention to buy, or when you are looking to remortgage a property.
- It provides an estate agent, or seller, with confidence that you may be in a financial position to purchase a property.
- If your circumstances change, you should get an updated Agreement in Principle (often called a 'Mortgage in Principle').
Does an AIP effect my credit score?
Getting an AIP doesn't impact your credit score, as we don't run a 'full' credit check. This is only something we would run if you went on to apply for a mortgage with us.
Is an AIP different to a mortgage calculator?
Yes. A mortgage calculator is a great way to get a quick idea of how much you may be able to borrow, but it's not as personalised. Your AIP is also a formal document that you can use when you're considering on making an offer for a property.
Can I get more than one AIP?
Yes, you can have multiple Agreement in Principles. Having an AIP with NatWest doesn't stop you getting another from a different lender. However, if you do have one with us, you can request a fresh one whenever you need to.
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