Agreement in Principle | NatWest

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Your Agreement in Principle

A mortgage Agreement in Principle provides you with a personalised indication of how much we could lend to you. It takes just 5 minutes.

We do what's called a soft credit check as part of the process, which doesn't affect your credit rating.

Personal Details
(* required information)

Date of birth format is (dd/mm/yyyy) (e.g. 01/12/1995)
Max 70
You can provide a contact telephone number so that we can keep you informed about your Agreement in Principle
If you are self employed, please enter the average of your gross income over the last two years. This could include; drawings/ dividends and the amount you pay yourself as a salary. If you apply for a mortgage you will have to provide some or all of the following :1 year’s accounts or 1 year’s Inland Revenue Tax Assessments and the last 3 months consecutive bank statements or an Accountant’s certificate. If your earnings from self employment are not easy to state, please contact us.

Joint applicant details

Date of Birth format is (dd/mm/yyyy) (e.g. 01/12/1995)
Max 70
If the joint applicant is self employed, please enter their average gross income over the last two years. This could include drawings/ dividends and the amount paid to themselves as a salary. If they apply for a mortgage they will have to provide some or all of the following: 1 year’s accounts or 1 year’s Inland Revenue Tax Assessments and the last 3 months consecutive bank statements or an Accountant’s certificate. If their earnings from self employment are not easy to state, please contact us.

Mortgage details

This is the amount you will pay for the property
This is the amount of cash you're putting towards the cost of your property.
This is the amount you will pay for the property
This is the amount of cash or equity you are putting towards the cost of your property
This is the amount your property was worth the last time it was valued. We offer free valuations for standard remortgage.
This is the outstanding balance on your current mortgage. Be as accurate as possible.
Max 35

Please round your term to nearest year

Please select the property type from the list
This is the amount you wish to borrow over and above the amount you need to repay your current mortgage

Additional borrowing can be requested online but not for the purposes of debt consolidation or for any business or professional related activity.  Please contact us on 0800 096 9527 should you require additional funds for these purposes.

1st applicant

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Income

This is how much you get paid before tax and NI deductions. Do not include overtime or bonus earnings that are not guaranteed.
How often are you paid this gross amount?
You can include income you earn throughout the year that is guaranteed such as:
- DWP
- Benefit payments
- Child maintenance that has been paid for the last 6 months, whether court approved or not
- Investments income such as dividends or regular trust income.

Please contact us if you want us to consider any other sources of income.

Expenses

Enter the total amount outstanding on all your credit cards after you made the last repayment. Please ensure this is an accurate figure.
Please enter the total monthly payments you are making to personal loans, hire purchase, car finance agreements and car lease payments, but NOT credit card payments.

Do not include any mortgage/ rent payment on your current home that will cease when your new mortgage starts.
Enter number of dependants under 18
Enter number of dependants over 18
This is the total monthly commitments when your new mortgage starts that is not a debt. For example, child maintenance payments, ground rent or personal care fees.

Grocery shopping and other household spending doesn’t need to be included in your monthly commitments. We’ll take these into account automatically.

2nd applicant

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Income

This is how much the joint applicant gets paid before tax and NI deductions. Do not include overtime or bonus earnings that are not guaranteed.
How often is the joint applicant paid this gross amount?
You can include income the joint applicant earns throughout the year that is guaranteed such as:
- DWP
- Benefit payments
- Court approved maintenance that have been paid for the last 6 months
- Investments income such as dividends or regular trust income.

Please contact us if you want us to consider any other sources of income.

Expenses

Enter the total amount outstanding on all their credit cards after they made the last repayment. Please ensure this is an accurate figure.
Please enter the total monthly payments you are making to personal loans, hire purchase, car finance agreements and car lease payments, but NOT credit card payments.

Do not include any mortgage/ rent payment on your current home that will cease when your new mortgage starts.
Please enter additional dependants under 18
Please enter additional dependants over 18
This is the total monthly commitments when your new mortgage starts that is not a debt. For example, child maintenance payments, ground rent or personal care fees.

Grocery shopping and other household spending doesn’t need to be included in your monthly commitments. We’ll take these into account automatically.

Great. That's everything. Now you can...

Maximum Retirement Age of Joint Applicant should not be more than 70 years

Minimum Retirement Age of Joint Applicant should be 45 years

Mortgage Term cannot be more than 35 years

Mortgage Term cannot be less than 3 years

Retirement Age should not be more than 70 years

Retirement Age should not be less than 45 years

For your new build property, the requested mortgage has an LTV greater than the minimum allowed limit by our current lending policy.
We define a new build as any property built, first occupied in its current state or significantly modernised, refurbished or altered within the last 2 years.
The lending criteria currently in place states the minimum LTV is 75% for flats and 80% for houses.

Sorry, your selected mortgage term and retirement age indicate that you are looking to borrow into retirement.  We cannot provide an Agreement In Principle for this situation.  If you do require a mortgage beyond your retirement please contact us to discuss your borrowing needs.  

0800 096 9527

Alternatively your can correct the mortgage term.   

Error Section when customer does not satisfy additional borrow condition.

Error Section when customer does not satisfy Primary Dependents condition.

Error Section when customer does not satisfy joint Dependents condition.

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