A mortgage Agreement in Principle is the first step towards your mortgage. It provides you with an indication of whether we could lend you the amount you need to borrow.
It only takes around 10 minutes to complete the form and get a result. We’ll ask about your income and regular spending. We will undertake a soft credit search which has no impact on your credit file.
The information you provide will allow us to, in principle, agree to the amount you could borrow. If you then decide to apply for one of our mortgages, we’ll ask you to provide more detailed information about your circumstances.
An Agreement in Principle doesn’t guarantee you will be successful in a mortgage application, but it can give you an idea of how much we may be able to lend.
Please note we currently cannot provide an Agreement in Principle for interest only or buy to let mortgages. For more information on interest only or buy to let mortgages, contact us on 0800 022 4313. (Monday-Friday 8am-8pm, Saturday 9am-5pm and Sunday 10am-4pm).
Some temporary changes to our usual product range and policy requirements are currently in place. We’re continuing to monitor the situation closely and we’re working hard to support as many customers as possible.
As a responsible lender we must ensure that all lending is affordable, therefore if you’re self-employed your application will be assessed to allow us to understand how COVID-19 has affected your business.
For new lending and additional borrowing, we are currently unable to accept any income received through the Furlough Scheme. If you are an existing customer making a change to your mortgage which does not increase your borrowing, we can consider using the Furlough Scheme subject to individual assessment.
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Once you’ve got an Agreement in Principle, you can choose to start your mortgage application online with Clydesdale Bank, if eligible.
All applications are subject to status and lending criteria. A final lending decision will be based on assessment of how much you could reasonably afford, your individual circumstances, your credit score and the suitability of your property for security of your mortgage amount.
Your home may be repossessed if you do not keep up repayments on your mortgage
If you already have an Agreement in Principle and would like to speak to one of our mortgage advisers call us on 0800 022 4313.
Find out what you could potentially borrow in just 10 minutes - it won't affect your credit score.Start an Agreement In Principle
Book a telephone appointment with one of our advisors to discuss your mortgage needs.