*The Barclays Consumer website offers a “soft search” but is a watered down agreement in principle whereby only some credit data is verified, this is NOT a full decision-in-principle and could be misleading. You don't have to get an agreement in principle, but it can sometimes help when you're house-hunting (see 'How an AIP can help', below). We may also share your information with our trusted third parties for these purposes. The good news is that a soft credit check is done and this means you will have no damage to your credit file in the scenario that Barclays is not able to offer you a Barclays agreement in principle and you need to make another agreement in principle offer from a different mortgage lender. In this review we'll cover: Compare Barclays mortgages. Use our calculator to see how much you could borrow. Just as a reminder, getting a DIP involves a soft credit check but won’t affect your credit score. How do you apply for a Barclays mortgage? Instead we ask credit reference agencies to confirm whether certain details you enter on the AiP form match what they hold on your credit file. It provides you with an indication of whether we could lend you the amount you need to borrow. Can you afford the mortgage amount you need to buy your house based on your current income and monthly expenditure? Number 10347447) with its registered office at 27 Old Gloucester Street, London, England, WC1N 3AX. An Agreement in Principle is a simple way to find out if you can borrow the amount you need to buy or remortgage a house or flat, without a full credit check. Your Home is at risk if you do not maintain payments on a mortgage or other loan secured on it. You might be able to get an AiP even if you know you've had some money problems in the past. What is a Barclays agreement in principle? Barclays Bank UK PLC. Family Springboard Mortgage Buy a home without a borrower deposit if your family or loved ones can provide 10% of the property’s price as security. As mentioned before a Barclays mortgage application will take on average 3 weeks to process. To get a Barclays agreement in principle, you need a variety of documents You can in principle request your Barclays agreement online or over the phone. If you’re thinking about switching your mortgage to us from another lender or moving home, we’re offering mortgages of up to 85% of a property’s value. We’ll use your information for a number of different purposes – for example, to manage your accounts, to provide our products and services to you and others and to meet our legal and regulatory obligations. This is known as your mortgage affordability. John has 22 years of experience in financial services. It only takes around 10 minutes to complete the form and get a result. The Credit Reference Agency Information Notice (CRAIN) describes how the three main credit reference agencies in the UK each use and share personal data. Your conveyancer will manage the legal searches on the property to ensure there aren’t any issues with it. What do mortgage lenders look for on tax returns? Unlike making a mortgage application, we don't run a full credit check on you for an Agreement in Principle. An Agreement in Principle, also called a Decision or a Mortgage in Principle, is an important first step in the mortgage application process. It's a document showing how much you could potentially borrow from Barclays. Find out why it's a good idea to understand the mortgage lending rules we have to follow. In this cases, there are usually delays to when the property will finally be available and Barclays will not want to provide you with a firm mortgage offer when your property isn’t ready to be valued as they simply can’t make a firm and final property valuation if the property isn’t complete. Instead we ask credit reference agencies to confirm whether certain details you enter on the AiP form match what they hold on your credit file. The info on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. Any reference to our services or Plan/s above is limited to mortgages, loans, consumer credit and non-investment insurance contracts. This is because we’re not currently offering appointments at branches, to help keep our customers and colleagues safe from coronavirus. An agreement in principle is a written estimate from a mortgage lender, giving you an indication of how much money you can borrow. 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