Why is it a good idea to obtain an agreement in principle?
Many customers find that it is beneficial to have the confidence of knowing they can definitely apply for a mortgage when they start looking at property. However it should be appreciated that there are two types of Agreement in Principle: • Those that leave a record of the check (footprint) on your credit file. • Those that leave no record. As your credit score could be adversely affected by leaving several footprints, when you ask for a non-specific agreement in principle without specifying a lender (just writing ‘to be confirmed’) this will not be credit scored, but we will provide a detailed illustration. You can then make your choice of a mortgage and tell us, when you are ready, to obtain a decision from the relevant lender which will be credit scored.
