The first step to applying for a mortgage is getting a Decision in Principle (DIP) below:
Getting a Decision in Principle (DIP)
You can apply for a Decision in Principle online, or talk to one of our qualified mortgage advisers on the phone.
We'll ask you for specific information, which will help us to provide you with a decision about the amount of loan that could be available to you. The DIP is not a cost quotation for a particular mortgage product - that will be provided later in the process as a Mortgage Illustration (MIL).
The amount we lend is based on an overall assessment of affordability, which takes into account your income and expenditure and the impact of possible future interest rate rises.
To complete your DIP, you will need the following information:
- salary and employment details/2 years' accounts, if employed/self employed
- details of your existing mortgage(s) , if you already have one
- details of your current financial commitments and loans
- if Buy to Let, details of actual or expected rental income.
Once you have a lending decision, our mortgage team will contact you to book a telephone appointment with a qualified mortgage adviser. They will advise and assist you in making a full mortgage application.
Please note, an application for a DIP involves us carrying out a credit check on you.