Mortgage in Principle London – Get Pre-Approved Today
A Mortgage in Principle (AIP) provides an estimate of how much you can borrow before making an offer on a property in London. If you’re buying a home in London, securing an AIP can improve your chances of being taken seriously by sellers and estate agents.
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What is a Mortgage in Principle?
A Mortgage in Principle, also called an Agreement in Principle (AIP) or Decision in Principle (DIP), is a document from a lender that shows an estimate of how much you could borrow based on your financial details and a soft credit check.
Why is an AIP Important?
- Shows sellers you are a serious buyer
- Helps you understand your borrowing potential
- No impact on your credit score
- Speeds up the full mortgage application process
Why is an AIP Important?
- Provide details about your income, credit history, and deposit amount.
- Our experts run a soft credit check (does not affect your score).
- Receive your Mortgage in Principle certificate within 24 hours.
Why Choose Home Guru for Your Mortgage in Principle in London?
✅ Free Advice: Honest, impartial guidance tailored to your needs.
✅ Whole Market Access: Find the best mortgage deal from the entire UK market.
✅ Local Expertise: Serving London’s diverse homebuyers with in-depth market knowledge.
✅ Comprehensive Guidance: From AIP to completion, we manage every step of the process.
Our Trusted Lenders Mortgage London Applicants
From fixed and variable-rate mortgages to remortgages, repayment, and interest-only options, with access to over 90 trusted lenders including Barclays, Halifax, Santander, Nationwide, Virgin Money, and more. Discover the right mortgage for you with Home Guru, where your mortgage journey begins with a friendly, welcoming touch!What sets us apart from other mortgage brokers is our commitment to providing our customers with a fee-free service.
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Frequently Asked Questions About CIS Contractors Mortgages in London
How long does a Mortgage in Principle last?
A deposit of at A Mortgage in Principle is usually valid for 60 to 90 days, depending on the lender in London.
Does a Mortgage in Principle guarantee a mortgage?
No, but it improves your chances. The final mortgage approval depends on a full application, affordability checks, and property valuation.
Does an AIP Affect My Credit Score?
No, a Mortgage in Principle typically involves a soft credit check, meaning it won’t impact your credit score.
Some lenders might conduct a hard search, so it’s important to check before applying.
Can I get an AIP with bad credit?
Yes, but options may be limited. Some lenders specialize in bad credit mortgages. Contact us for expert advice.
Where can I find more information about Stamp Duty costs?
Use the official UK Stamp Duty Calculator to determine how much Stamp Duty you need to pay.
What does a mortgage broker do, and how can Home Guru help me?
Is using a mortgage broker free with Home Guru?
Can you help first-time buyers in London?
How do lenders assess my income?
Can I get a mortgage in London if my income fluctuates?
What is a Agreement in Principle in London?
A agreement in principle in London (also known as an decision in principle) is a conditional offer from a lender stating how much they are willing to lend you based on your financial circumstances. While it is not a guarantee of a mortgage, it shows sellers in London that you are a serious buyer with potential financing.
How Long Does the Mortgage Application Process Take in London?
The mortgage application process in London can take about a week, depending on the complexity of your situation and the lender’s requirements. It involves submitting documentation, undergoing a credit check, and waiting for the lender’s approval.
Do you work with buy-to-let investors in London?
Yes, we offer tailored mortgage solutions for buy-to-let investors in hotspots like Peckham (SE15) and Leyton (E10). Whether you’re a first-time landlord or expanding your portfolio, we’ll help you find the best financing options.
Why choose Home Guru over other mortgage brokers in London?
What Areas in London Do You Serve
We provide mortgage advice to first time buyers across all London postcodes, including Acton, Canary Wharf, Chelsea, Richmond, and more. Whether you’re looking to buy in North, South, East, or West London, Home Guru has local expertise to help you find the best mortgage deal. we proudly extend our expert mortgage assistance and advice across London including the following areas:
Acton W3
Barking & Dagenham IG11
Barnet EN4 & EN5
Battersea SW8 & SW11
Bayswater W2
Bexley DA5
Bexleyheath DA7
Brent Cross & Hendon NW4
Broxbourne EN10
Camden NW1
Canary Wharf E14
Canning Town E16
Chelsea SW3 & SW10
Chigwell & Hainault IG6 & IG7
Chiswick W4
Clapham SW4
Clayhall IG5
Colindale & Kingsbury NW9
Cricklewood, Dollis Hill, Childs Hill, Willesdan & Neasden NW2
Croydon CR0
Dagenham RM8, RM9, RM10
Ealing Broadway W5
Edmonton Green N9
Edmonton N9
EN6 Potters Bar
Enfield EN1, EN2 & EN3
Fulham SW6
Grays RM16, RM17 & RM20
Greenwich SE10
Hackney E8
Hampstead & Swiss Cottage NW3
Harlesden, Kensal Green & Wilesden NW9
Hayes UB3,
Herne Hill SE24
Hertford SG14
Hoddesdon EN11
Holland Park W11
Holloway N7
Hornchurch RM11 & RM12
Hornsey N8
Islington N1
Kensignton W8, W11, W14, SW5 & SW10
KIlburn, Queens Park & West Hampstead NW6
Lambeth & Southwarl SW2
Loughton IG10
Muswell Hill N10
Notting Hill W11
Peckham SE15
Purfleet RM19
Rainham RM13
Richmond TW9, TW10, TW11
Romford RM1, RM2, RM3, RM4, RM5, RM6, RM7
South Ockendon RM15
SouthGate N14
St Albans Al1
Stevenage SG1 & SG2
Stratford E15
Thamesmead SE28
Tilbury RM18
Tooting Broadway SW17
Upminster RM14
Waltham Abbey EN8 & EN9
Waltham Cross EN7 & EN8
Walthamstow E17
Wandsworth SW18
Wimbledon SW19
Woodford Green IG8
Leyton E10
What Fees Are Involved in Getting a Mortgage in London?
Common fees associated with obtaining a mortgage in London include arrangement fees, valuation fees, and legal fees. Some mortgages also have early repayment charges or exit fees. It’s important to understand all costs upfront to avoid any surprises when buying in London.
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