What is an Agreement in Principle and Why Do I Need One?
An Agreement in Principle (AIP) is written evidence that a lender is willing to let your borrow from them for a mortgage. You’ll need to provide your AIP when making an offer on a property so the estate agents have proof that you will have the funds in place to purchase the property.
In some cases, you will even need an AIP to view properties in Chelmsford, so make sure that you get mortgage ready and get one arranged.
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