Principle 6.28 Apr 2026

This isn't a final loan offer, but it is a vital document. It shows sellers that Sarah is a serious buyer, making her offer stronger than someone without one.

Imagine Sarah, a first-time homebuyer, has found her dream house. Before she can make an offer, she needs to know how much she can borrow. This step, mentioned at 6 minutes and 28 seconds in this YouTube video , is known as obtaining an —sometimes called a "Decision in Principle" or "Mortgage in Principle." Principle 6.28

The lender does a quick credit check to see if she is likely to be accepted. This isn't a final loan offer, but it is a vital document

With this in hand, she can start her formal application and confidently proceed with her solicitor as discussed further in the video. Before she can make an offer, she needs

Sarah submits her financial details (income, debts, savings) to a lender.