06/01/2026
What’s a Mortgage in Principle (MIP)? 🤔
Ever heard the term “Mortgage in Principle” and wondered what it actually means?
A Mortgage in Principle (sometimes called an Agreement in Principle or Decision in Principle) is basically a promise from a lender saying, “Based on what we know, we’re likely to lend you £X.”
It’s not a full mortgage offer, but it’s a great first step! ✅
Having an MIP shows estate agents and sellers you’re a serious buyer and gives you a clear idea of your budget before you start house hunting.
💡 Top tip: Getting an MIP doesn’t affect your credit score if done correctly, I can help you check this!
Thinking about buying soon? Let’s get your MIP sorted and put you in a strong position from the start.
📲 07341 858181
💌 [email protected]
