What is a mortgage in principle?

Also known as an agreement in principle or a decision in principle.

Written by John Cullen
Updated over a week ago

A mortgage in principle (MIP) is a certificate that tells you whether and how much Gen H would be potentially prepared to lend you.

You can get this before you complete a full mortgage application and it will give you credibility with estate agents and sellers when you submit an offer on a property.

Some people refer to this as a decision in principle (DIP), an agreement in principle (AIP) or a Lending Certificate.

To get a mortgage in principle with Gen H firstly complete our affordability calculator here. You will then have access to your own dashboard where you can enter more of your details, and get a mortgage in principle.

Did this answer your question?