Why Getting An Agreement in Principle is One of the Smartest First Steps for First-Time Buyers
If you’re thinking about buying your first home, you’ve probably heard the term Agreement in Principle (often shortened to AIP or DIP) — but what is it, and do you really need one?
Short answer: yes.
Long answer: getting an Agreement in Principle can save you time, stress, and disappointment — and it puts you in a much stronger position when you’re ready to make an offer.
Here’s everything you need to know 👇
What Is an Agreement in Principle?
An Agreement in Principle is a statement from a mortgage lender confirming how much they may be willing to lend you, based on some initial information about your income, outgoings, and credit profile.
It’s not a full mortgage offer, but it shows:
How much you could potentially borrow
That a lender is willing to consider you
That you’re a serious and prepared buyer
Most estate agents will ask if you have one before accepting an offer.
ADVERSE BROKER WINNER
Is an Agreement in Principle a Credit Check?
Usually, lenders carry out a soft credit check, which:
Does not affect your credit score
Is not visible to other lenders
At Clever, we’re careful about who we approach and when, so you’re not applying unnecessarily.
How Oak Mortgages Helps You Get the Right Agreement in Principle
Not all Agreements in Principle are created equal.
At Clever Mortgages, we don’t just press a button, we take time to understand you.
A Whole-of-Market Approach
We assess your situation and match you with lenders that suit:
First-time buyers
Low deposits
Previous credit issues
Self-employed or variable income
We Check Your Case Before Applying
We look at:
Income and affordability
Credit history
Bank statements (if needed)
Deposit sources
This reduces the risk of declines and wasted applications.
Support Now — and Later
Even if you’re not quite ready yet, we can:
Explain what you need to improve
Help you prepare for the best rates
Guide you step-by-step until you’re ready to buy
We don’t just help you now — we help you move forward.
Clever Mortgages is now part of Oak Mortgages Limited.
Don’t worry, you’ll still be looked after by the same friendly, experienced team you know and trust. We’re here to guide you every step of the way on your mortgage journey.
👉 Discover more about us at www.oakmortgage.co.uk or see what our happy clients are saying on Google Reviews.
How Clever Mortgages Helps You Get the Right Agreement in Principle
Not all Agreements in Principle are created equal.
At Clever Mortgages, we don’t just press a button — we take time to understand you.
When Should You Get an Agreement in Principle?
✔️ Before booking property viewings
✔️ Before making an offer
✔️ If you’re planning to buy in the next 3–6 months
An AIP usually lasts 30–90 days and can be refreshed as needed.
Ready to Take the First Step?
Buying your first home can feel overwhelming — but it doesn’t have to be.
An Agreement in Principle gives you:
Confidence
Clarity
A clear starting point
📞 Get in touch with Clever Mortgages today for a free, no-obligation Agreement in Principle and expert advice tailored to you.
We’ll help you understand what’s possible — and how to get there