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Agreement in Principle
An Agreement in Principle (AIP) is the first step to getting a mortgage. It’s sometimes called a Mortgage Promise or a Decision in Principle, and lets you know how much you could borrow before you apply for a mortgage.
Great news for first time buyers and home movers – we support the Government’s mortgage guarantee scheme. We could help you with a mortgage of up to 95% of the property’s value.
If you’re thinking about switching your mortgage to us from another lender, we’re currently offering mortgages of up to 90% on like for like mortgages, and 85% on mortgages with additional borrowing.
Complete an Agreement in Principle today and find out how much you could borrow.
How to get an Agreement in Principle with Lloyds Bank
It’s quick and easy to apply for an AIP online.
- It should take about 15 minutes
- We'll need to know details of your income and outgoings
- You'll also need your addresses for the last 3 years
- We’ll do a soft credit check as part of the process. This won’t affect your credit rating or your ability to borrow in the future.
You'll get an instant decision if you apply between 6am and 10pm Monday to Saturday, or 6am and 9pm Sunday. Otherwise, we'll give you a decision the next day.
Want to learn more about an Agreement in Principle?
Find out more about applying for an Agreement in Principle, including the benefits and how long they last. Whether it’s your first mortgage, second home or you’re moving to a new deal, prepare for all the necessary steps with Lloyds Bank.
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Not quite ready to apply for an Agreement in Principle?
Our mortgage calculators could give you an idea of how much you could borrow and how much you still need to save. Our calculators don’t carry out any credit checks. They’ll simply give you an estimate to get you started.
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Do I need a mortgage Agreement in Principle?
You'll need to apply for an Agreement in Principle, whether you're:
Banking online
It's simple and safe to manage your mortgage in our app or on our website.
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Need to speak to someone
You can talk to us over the phone or use our mortgage video service from the comfort of your own home.
Club Lloyds mortgage offer
Club Lloyds current account customers could get a 0.20% discount off their initial rate.
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