Get a Decision in Principle
Prospect Mortgage Services provide independent, sound and honest advice for your mortgage and protection needs.
…think of getting a mortgage like a journey.
It has a few stages along the way you need to cover. If you are reading this then it is likely you are at Stage 1. We would love to help you progress further.
We would like nothing more than to have a conversation, where possible, to help you along the way. We can do this in person, via video call or over the phone. You can use the button below to make an appointment at a time that is convenient to you.
However, we can’t be available 24/7, so we have several powerful tools you can use to move things along if that is what you would like to do:
Stage 1 – Affordability?
- Ball-park, how much can I borrow?
Stage 2 – What is acheivable?
- How much will it cost?
- What rates are available?
Stage 3 – Start the Decision in Principle process
A Decision in Principle is needed if you want to buy a home using a mortgage. It shows agents and other professionals that you are credit-worthy and, in principle, able to proceed. We can help you get a Decision in Principle sorted as quickly as possible. The steps above provide you an idea of what might be possible. The next stage involves sharing some more detailed information with us via an online fact find. This would include more details of your credit history, including income and expenses, three-years address history and the like. Our Client Portal will invite you to set up a secure password protected account and all data entered is kept encrypted and secure.
Useful Tips
- The data you enter will help us check your eligibility for the mortgage you are looking for.
- As with any tool it is only as good as the person using it. Please only input honest and accurate information, otherwise the information you get out will be meaningless.
- Be organised – for example, it is worth having to hand your income break down on a yearly basis or, if you are self-employed, know how much your last two years net profits have been. Be aware what debts you have and how much you spend on monthly expenses (e.g. childcare costs and so on). This will give you a clearer picture of your borrowing potential.
It is important to remember that this handy tool is a guide to start your journey. It is not designed to replace personal mortgage advice and cover all the variables that are part of the full mortgage journey. Of course, we will be by your side to help you along the way with expert advice to ensure your mortgage is the right one for you. Check out our hundreds of 5* client reviews.
If you would rather discuss obtaining a Decision in Principle face to face here at our offices, via video call, or over the phone then please get in touch. You can:
- Book an appointment (either face to face, by video conference (Teams & Zoom) or by telephone) using the Book Now feature at the head of the page.
- Alternatively, contact us via Live Chat at the foot of the page
- Contact us by email: [email protected]
- Call Us on 01983 616666