10/06/2025
First of all—well done! Saving for a deposit is a huge milestone. Now that you're ready to take the next step, here's what happens:
Affordability & Eligibility Check
We'll assess your income, outgoings, and credit profile to determine what you can realistically borrow and whether you meet the criteria for a mortgage or government scheme.
Decision in Principle (DIP)
If everything looks good, we’ll secure a Decision in Principle. This is a soft credit check (so it won’t affect your credit score) and gives you a clear idea of what you could borrow. It also shows sellers and agents that you're a serious buyer.
Full Application & Credit Check
Once you're ready to move forward with a property, we’ll submit your full mortgage application. At this stage, a formal (hard) credit check is carried out by the lender.