Make sure you get advice on products and lenders before pursuing an agreement in principle, as you can leave a soft or hard footprint in your credit file. If you look at your credit history, lenders see in most cases six years of payment history, including whether the payments were made in full, on time or even. What mortgage lenders do not want is a recently opened form of credit, whether it is a new credit card, a loan or a financing contract. Changes in their personal circumstances between the adoption of a policy decision and the final application may have an impact on the outcome. In general, this can be influenced by a change of job (even at a higher position), as it is more difficult for lenders to assess whether this is a consistent source of income for you. You don`t need to get an agreement in principle, but it can sometimes help if you`re very handsome (see « How an AIP Can Help, » below). Most lenders search for « hard » credit before offering you an agreement in principle that leaves traces in your credit file. It is important that an authorization be significantly different from an agreement in principle (AIP) (sometimes called a decision in principle (DIP) or prior authorisation). In France and the UK, it is very easy to get an IAP. This is essentially a certificate (or, in some cases, an email) that you can get from a bank after your first phone call with the sales team (or in the UK, you can often apply to the major high-street banks, which also do a credit check).

In France, banks will offer you an AIP as soon as they ask questions about your income and expenses, and they will explain that, based on this information, you should be eligible for a mortgage with that lender. You can also tell yourself what the maximum credit size might be. Although this gives you an indication of what you are eligible for, it is NOT a guarantee[1], despite what they can tell you. (Remember, these are the bank sales teams, they have no mortgage qualifications and are intended to bring potential customers to their system, not on the number of mortgage offers issued).