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Agreement in Principle
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.
Great news for first time buyers and home movers – we support the Government’s mortgage guarantee scheme. We could help you with a mortgage of up to 95% of the property’s value.
If you’re thinking about switching your mortgage to us from another lender, we’re currently offering mortgages of up to 90% on like for like mortgages, and 85% on mortgages with additional borrowing.
Complete an Agreement in Principle today and find out how much you could borrow.
How to get an Agreement in Principle with Lloyds Bank
It’s quick and easy to apply for an AIP online.
- It should take about 10 minutes
- We'll need to know details of your income and outgoings
- You'll also need your addresses for the last 3 years
- 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.
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.
Do I need a mortgage Agreement in Principle?
You'll need to apply for an Agreement in Principle, whether you're:
Banking online
It's simple and safe to manage your mortgage in our app or on our website.
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