Do you need additional support or advice to choose the right mortgage product for your living conditions? A personalized illustration of our latest line of mortgages Make an appointment to talk to one of our mortgage professionals over the phone or in a branch. An important difference is that an IAP is not legally binding and the lender retains the right to offer you another amount or other mortgage product (and an interest rate). Some lenders may even withdraw their offer. Glad to assume responsibility for the mortgage you choose In addition, many real estate agents (or sellers) won`t even consider taking a home off the market if you don`t have an AIP, because it means they have no idea if you would even be considered by a mortgage lender for the amount of money you want to borrow. There are a few options available if you want to go directly to RBS to discuss mortgages. If you have a fixed-rate mortgage or a tracker, you must pay a fee if you pay more than 10% too much. It is not a guarantee that the lender will accept a mortgage application from you anyway. Instead, it gives you an idea of your accessibility and it is just an important step to finally get a mortgage. Royal Bank of Scotland Mortgages are available for over 18 years. Your home or property can be recovered if you do not maintain your mortgage repayments. Apply for an online mortgage – get a policy decision “Apply for a mortgage and receive an immediate decision from the lender: your mortgage in principle agreed (also known as a policy decision or AIP) is an important step to finally get to a new home, but the relief of getting an AIP can be short-lived if you are then rejected if you apply for the mortgage itself.

This is the sad reality for a number of people who get an agreement in principle: they find the perfect home, go through a complete application and… At the last hurdle. First of all, remember that the agreement is actually that – it`s not a loan promise, it`s just an indication of how much a lender might be willing not to make you substantial changes before that date and when filing your final application. You may not get a definitive answer as to why you were rejected (unless you simply can`t not pay the mortgage), much like any other type of loan, but these are the most common reasons: if you look at your credit history, lenders will in most cases see six years of payment history , including whether the payments were made in their entirety. , or even if they were manufactured on time. What mortgage lenders do not want is a recently opened form of credit, whether it is a new credit card, a loan or a financing contract. Yes, RBS sold PPIs to customers with mortgages, loans and credit cards. Some lenders consider how long you have been in a job as an indication of your overall stability, on the grounds that the more you have been there, the more likely you are to have a fixed income for the duration of the mortgage. If you have a financial association in your credit report, potential mortgage lenders have the option to check their credit report in addition to yours. That may not be repeated in an agreement-in-principle, but it would be almost certain that the time will come to apply for the mortgage itself.