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Agreement in Principle

A mortgage Agreement in Principle is the first step towards your client’s mortgage. It provides you with an indication of whether we could lend the amount they need to borrow. Our Agreement in Principle tool is open for all brokers to use; however, Clydesdale Bank only accepts business from a panel of intermediaries who have signed terms of business with us.

The process should take around 5 – 10 minutes to complete. We’ll ask about your client, their income and regular spending. We will undertake a soft credit search which has no impact on your client’s credit file.

The information you provide will allow us to agree in principle to the amount your client could borrow. If your client then decides to apply for one of our mortgages, we will require more detailed information about your client’s circumstances.

An Agreement in Principle doesn’t guarantee your client will be successful in their mortgage application, but it can give an idea of how much we could lend.

Please note we can’t provide an Agreement in Principle for Interest Only or Buy to Let mortgages. To find out more, speak to your Clydesdale Bank and Virgin Money BDM.

Who can apply

  • UK and EU residents aged 18 and over
  • Residential mortgage customers looking for
    Capital & Interest mortgage products
  • Those wishing to remortgage
  • Only available for residential properties in the UK (excluding Northern Ireland)
  • Using sterling income or assets only to repay the mortgage

Agreement in Principle help centre

Get an idea of how much your client could borrow

Request an Agreement in Principle

All applications are subject to status and lending criteria. A final lending decision will be based on assessment of how much your client could reasonably afford, their individual circumstances, their credit score and the suitability of their property as security for their mortgage amount.

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