08/06/2026
A Mortgage in Principle (also called an Agreement in Principle or Decision in Principle) is a statement from a lender estimating how much they might lend you.
While not legally binding, it gives a useful indication of your borrowing power. However, final approval depends on further checks. Many estate agents take it seriously when considering offers.
*Your home may be repossessed if you do not keep up with mortgage payments.