An Agreement in Principle (AIP) is the first step to getting a mortgage. It’s sometimes called a Mortgage Promise or a Decision in Principle, and lets you know how much you could borrow before you apply for a mortgage.
An Agreement in Principle (AIP) is the first step to getting a mortgage which lets you know how much you could borrow. It will also give you an idea of the properties you can afford. Estate agents often ask to see an AIP. It shows that you're serious about buying.
You'll get an instant decision if you apply between 6am and 10pm Monday to Saturday, or 6am and 9pm Sunday. Otherwise we'll give you a decision the next day.
Once you've got your AIP, you can make a full mortgage application when you’re ready. You can apply in branch, by phone, or online via a video appointment.
It's quick and easy to apply for an AIP.
We'll do a soft credit check as part of the process. This won't affect your credit rating or your ability to borrow in the future. Only you can see soft credit checks on your credit report.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Lloyds Bank support government backed initiatives to help people buy a home. So whether you're a first time buyer or moving home there could be a scheme that's right for you.
Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number 119278. Telephone calls may be monitored or recorded.