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With an Agreement in Principle (AIP) you can take the first step to buying or remortgaging your home. An AIP will give you an idea of how much you could borrow before you apply for a mortgage
As well as letting you know how much you could borrow, you’ll also get an idea of how much you can afford to spend on your new home. That means you can start looking at properties in your price range.
It can also help you to agree a better price with the seller, because it shows you’re a serious buyer who can get a mortgage.