Generally speaking, aim to leave about 3 to 6 months in between applications for any kind of credit. If you have an agreement in principle and you decide to make a full application with that lender, you will need to provide more detailed personal information.
The lender is not obliged to lend you the full amount outlined in the AIP. How much it lets you borrow and at what interest rate depends on a more detailed analysis of your finances. The mortgage lender will look closely at your full financial history, including bank statements, salary and any additional income, employment and address history, how much of a deposit you have, and any other savings. It may be more or less than you had originally anticipated.
There are some mortgages specifically for those with bad credit. The total cost of buying a home How much deposit do I need for a mortgage? The most affordable places to live in the UK Using a mortgage broker vs. Help to Buy calculator Mortgage repayment calculator Stamp duty calculator. Mortgage repayment calculator Mortgage calculator - borrowing, repayments, stamp duty. Stamp duty calculator Mortgage repayment calculator.
Back to top. What next? Explore HSBC mortgages. Share facebook twitter pinterest linkedin email. Explore more. What is Stamp Duty? What should you look for when buying a home? What you need to apply for a mortgage. You can also check our full mortgage range [PDF, KB] to see if our other mortgages are suitable for you, download our tariff of mortgage charges [PDF, KB] and read our legal information.
Skip to: Home Content Footer navigation. Back to: Here to keep you moving. Agreement in Principle Take the first step to your mortgage. Start an AiP. Resume an AiP. How long does an Agreement in Principle last? What does an AiP mean? Does a mortgage in principle affect your credit score? Some lenders may perform a hard search as part of the Agreement in Principle, which can affect your credit score. Too many hard searches from multiple lenders could reduce your credit score significantly.
The content on this page is for reference and does not constitute financial advice. For impartial financial advice, we recommend government bodies like MoneyHelper. First Time Buyers Types of mortgage How to apply for a mortgage. You can talk to us over the phone or use our mortgage video service from the comfort of your own home. What's an Agreement in Principle? What is a mortgage Agreement in Principle?
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