Bluebell Mortgages
  • First Time Buyer

    Bluebell Mortgages are expert mortgage brokers and have a detailed knowledge of mortgage lenders’ and first time buyer mortgages.

    Moving Home

    We can inform you of all the likely fees associated with a house move, identify your current position and calculate your likely required loan amount.

    Remortgaging

    If you already have a mortgage and your current deal is due to expire in the next 6 months, we can help find you the most effective deal for you.

    Buy To Let

    We have a vast experience of the Buy To Let market and are able to offer our clients detailed advice on the correct method of funding potential purchases.

    Shared Ownership

    An effective way for first time buyers to get on the property ladder, it can considerably reduce the amount needed for a deposit.

    Specialist Finance

    Bluebell Mortgages have specialist advisors who can assist you with your first or next commercial or self-build development.

    Older Borrower

    The days of retiring at 65 are disappearing fast, people are living longer and borrowers are getting older.

    Insurance

    This can range from Life Assurance to protect your mortgage or family, Critical Illness cover, Income Protection and General Insurance.

  • FAQ's

    We’ve collated our most frequently asked questions below, but if there’s a question on your mind that we haven’t covered, please get in touch.

    Success Stories

    We’re passionate about helping people get to where they want to be on the property ladder. Our customers share their stories of how we helped them.

    Knowledge Base

    Here we can share with you our many years of industry experience & knowledge so that you can feel confident and prepared for your mortgage journey.

    News

    We regularly post about all things in the Mortgage world and other industry information. We also post about what's going on at Bluebell Mortgages.

What is an Agreement In Principle (AIP)?

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What is an Agreement In Principle (AIP)

Agreement in Principle (AIP)
The way it works is as follows:

An Agreement in Principle is a security blanket for you, based on our assessments; we will identify a lender or number of lenders that will likely fit the bill. We will then assess your criteria and match it with the lender most likely to offer you the right loan for your circumstances. For example, this could be borrowing the maximum amount possible so that you can buy a better home, a lender that is flexible if you have missed one or two credit card payments or who will accept you if you have only been self-employed for 12 months. Every client is different and we have the knowledge to match you with the lender most likely to say yes!

We will need to collect supporting documents to back up your earnings (wage slips, accounts etc.) and bank statements to back up your affordability, commitments and outgoings.  We will also verify your identity by taking copies of documents such as passports, driving licences etc.)

Once the likely lender has been identified we will provide them with a snapshot of your situation they will also carry out a credit check (do you pay your debts on time) and credit score (are you likely to pay them in the future). If all goes well they will accept you and you then have an Agreement in Principle. This is great if you are looking at a property, as you will now know that a lender or lenders are willing to provide you with money.

Estate agents will also like to know this information as it shows you are committed to move forwards and have got your finances in order.

Now we have your borrowing capacity, costs, deposit and monthly payments covered and we also have an agreement in principle backing all this up.

Have questions ?  Call us on 01473 213312

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