Mortgages in principle

"The Easy Way to Get Your Best UK Mortgage"

Helping over 300,000 people a year find the right mortgage
NINE YEARS ONLINE

UK
Mortgages

All UK
Mortgage Types

Mortgage Guide
Click for Full Contents

Types Of Mortgage
Click for Full Contents

Mortgages in Principle

Getting a mortgage and buying a house are usually very much intertwined.

When you find a house, you'll probably have to move fast to secure it. To prevent being delayed while sorting out a mortgage you could first get a "mortgage in principle".

Having one means you should be able get the actual mortgage quicker when the race to buy your chosen home begins.

A mortgage in principle is a conditional offer made by a mortgage lender that - provided the information you give them is correct - they will "in principle" give you the loan you have discussed with them.

Knowing what you can afford will also help you narrow your search.

It's very useful to have one before you even start looking for a house to give you the edge over any competition.

You can get this offer in writing to show to Estate Agents and sellers who will see you as a serious prospect and not a timewaster who's interested, for example, in looking around peoples' homes for a laugh.

To get a mortgage in principle you have to go through the same motions as an actual mortgage. That is: Consider what type of mortgage do you want and then find a mortgage lender you feel can offer you the best deal.

You could go through the phone book and call each mortgage lender. But the easiest way to do get an offer is to ask a mortgage broker to do it for you. They would also be able to advise you on what type of mortgage could be best for you. (If you want to contact an independent mortgage broker now via us click here).

You should be able to get mortgages in principle offered over the phone. It's only when applying for the actual mortgage that you will need to show proof of your income etc.

To read more on this subject please see the list below or your mortgage guide or your home buying guide

Read enough? Just want a quote? To get your best mortgage quote quickly and easily we can put you in contact with a recommended mortgage adviser. It's free, completely confidential and there's no obligation at all. Simply fill out the form below


Value of Property	£
		(eg 125000)

Borrow How Much?	£
		(eg 92500)

Your Mortgage Type

First time buyer?		Yes No
Have you found property?		Yes No
Country

Sorry ! The amount you want to borrow is less than £25,000. This is the minimum allowed for a mortgage. But don't worry ! You could get the money via a personal loan. I want a free no obligation loan quote Click OK No thanks. I will change my borrow amount to more than £25,000 Click Cancel

Complete A-Z

All UK Mortgage types

100% Mortgages

Base Rate Trackers

Bridging Loans

Bad Credit Mortgages

Buy to Let

Calculators for Mortgages

Cashback Mortgages

Capped Rate

Costs of a Mortgage

Current Account Mortgages

Discounted Variable Rates

Divorce and Mortgages

Elderly - Mortgages for the

Equity Release Mortgages

Endowment Mortgages

Expatriate Mortgages

Fees-Free Mortgages

First Time Buyer Mortgages

Fixed Rate Mortgages

Fix and Track Mortgages

Flexible Mortgages

Guaranteed Mortgages

Group Mortgages UK

Interest Only Mortgages

Investment Mortgages

ISA Mortgages - UK

Islamic / Muslim Mortgages

Key Worker Mortgages

Lifetime Rate Mortgages

Mortgages in Principle

Muslim Mortgages

Offset Mortgages

Part and Part Mortgages

Pension Mortgages

Poor Credit Mortgages

Prime Mortgages

Repayment mortgages

Remortgages

Renovation Mortgages

Rent Mortgages

Self Certification Mortgages

Self Employed Mortgages

Shared Ownership Mortgages

Standard Variable rate

Sub Prime Mortgages

Tracker Mortgages

Variable Rate

Can't Find It Here?

Enter what you are looking for in the box below

Mortgage Guide

The step by step guide on how to get a mortgage with special tips

I'm employed - shortcut

I'm self-employed - shortcut

I'm buying my first mortgage - shortcut

I've got a bad credit history - shortcut

Mortgage Basics

How to Choose your Mortgage

Types of Mortgage

Where to Find Your Mortgage

Getting a Mortgage in Principle

Cost of a UK Mortgage

Your Mortgage TOP TIPS

Informed Home Owners save between £6000 and £15000 on their Mortgage

Get a custom rate and see how much you could save by filling out this quick form below.

It's a FREE, no-obligation service.

Value of Property

£
(eg 159000)

Borrow How Much?

£
(eg 125000)

Your Mortgage Type

" I am so glad I did your special enquiry form. It was so quick and compared to my bank the quote I got saved me a lot of money! "
Richard C London