Get a free Mortgage in Principle with Finer Credit

Finer Credits lets you apply for a free Mortgage in Principle (MIP) online to find out if you could borrow the amount you need – without affecting your credit score. All you need to do is to provide your personal and financial details. 

What is a Mortgage in Principle?

 

A mortgage in Principle (MIP) also known as an Agreement in Principle (MIP), Approval in Principle (AIP), or Decision in Principle (DIP) is a certificate from a lender to say that, ‘in principle’, they would lend you a certain amount. 

 

A Mortgage in Principle is a simple way to find out if you can borrow the amount you need to buy or remortgage a house or flat, without a full credit check.

How a Mortgage in principle can help?
 

Before you put in an offer, estate agents will often want a guarantee that you will be able to get a mortgage to finance the purchase. Having a mortgage in principle shows that you can afford to buy a property. This could make you a more attractive buyer.

Does a mortgage in principle guarantee I’ll get a mortgage?

A mortgage in Principle will give you an idea of how much you can borrow from the lender, but this doesn't guarantee you can get a mortgage. When you go through the full mortgage application process, the lender will look at your credit history in more detail and seek to confirm the information you or a broker acting on your behalf provided when submitting the application. This means checking your payslips, bank statements and/or SA302s to name a few.

How to get a mortgage in principle?
 

Finer Credits lets you apply for a free Mortgage in Principle (MIP) online to find out if you could borrow the amount you need – without affecting your credit score. All you need to do is to provide your personal and financial details.