Principle 6.28 May 2026

Sarah submits her financial details (income, debts, savings) to a lender.

Imagine Sarah, a first-time homebuyer, has found her dream house. Before she can make an offer, she needs to know how much she can borrow. This step, mentioned at 6 minutes and 28 seconds in this YouTube video , is known as obtaining an —sometimes called a "Decision in Principle" or "Mortgage in Principle." Principle 6.28

In short, "Principle 6.28" represents the crucial "pre-approval" stage in a mortgage journey. How an AIP differs from a ? Sarah submits her financial details (income, debts, savings)