Skipton Mortgage Agreement In Principle
A DIP indicates how much you could borrow from us and many sellers or real estate agents ask to see your DIP as a guarantee that you can get a mortgage. A DIP means that skipton Building Society is in principle ready to grant a loan up to the amount indicated. This is not a mortgage offer and does not require Skipton to make one. A mortgage offer is subject to the full application, evaluation and compliance with Skipton`s credit policy. Important information: We use the information obtained from the credit check to perform an automated assessment of your ability to pay the mortgage. If we feel it is not affordable, your application may be rejected without being manually assessed by the company. If the information you provide on the Affordable Calculator indicates that we can grant you credit, we will conduct a soft credit check, which means that our review does not affect your creditworthiness. . . .