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Agreement in Principle

Confirmation that you can obtain a mortgage

An 'agreement in principle' is an agreement from a mortgage lender that in principle they will lend you a specified sum for property purchase (as long as any property you buy is satisfactory to them and that you are able to verify the income you have declared). Thus, obtaining an agreement in principle can be an excellent way of gaining the confidence to know that you really can afford to buy a property and that you have no reason to be concerned about your credit worthiness. This is particularly true for shared ownership applications where the housing association may require that you have an agreement in principle before they will offer you a property.

The agreement in principle may involve a credit check but we will NOT conduct any kind of credit search without first obtaining your explicit and prior consent.

Key points to note

There is no charge for the agreement in principle.
The agreement in principle is not binding on you and if you passed you would not be under any obligation to apply to that lender, and should better deals come on the market when you eventually found a property we would assist you in applying elsewhere.
The agreement in principle is not binding on the lender either, and is subject to valuation of the property and proof of income, as well as any other conditions.
When you submit the form to us we will not credit score it immediately. Rather, we will send you illustrations for products that you could apply for and if you like one you can request a credit check at that point - but we will not run a credit check without your explicit consent.
If you submit an agreement in principle and pass a credit check successfully, your application form held on our server will automatically be converted to a full application so that when you have an offer accepted on a property you can just log back in and enter the remaining property details to apply in full.

How to apply

If you prefer to apply by completing paper forms, please click here for details about the paper application. To apply online, click the link at the bottom of this page but where there is more than one applicant please read the following important note.

Important note for joint applications

Where there is more than one applicant, it is NOT necessary for each person to start their own application form. Instead, whoever starts the application by clicking the link below will be designated as the 'lead applicant'. The lead applicant will then write summary details for each applicant, making sure that they are applicant number 1. We will then use this summary information to create an application form on our server and we will send each of you an email so that you can log in and complete your own part of the application. The log in also enables you to save any incomplete applications and return to them at a later date.

Click here to apply for an agreement in principle.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Share to buy Ltd is authorised and regulated by the Financial Services Authority.

FSA register number 306800. You can find more detail on our status in our Initial Disclosure Document [109k] and Terms of Business. For further information, contact us or write to: Share to buy, PO Box 9110, Ongar, CM5 9WH. Registered in England and Wales no: 04909788.