The process takes around 5 minutes and requires some personal information including:
- Details of your income and financial commitments like monthly credit card payments or child maintenance
- It will take into account your credit score and credit history
- And the value of the property and your deposit
What is a soft credit check?
As part of the process of getting a Agreement in Principle, we do a soft credit check. Soft credit checks can only be seen by yourself on your credit report and don’t affect your credit rating or ability to borrow from other lenders in the future, even if you're declined an Agreement in Principle decision at first.
For more information about the credit reference agencies we use and how they may use your data, please see our full Privacy Notice at www.rbs.co.uk/privacy.
Benefits of Agreement in Principle
It's a 'soft' search that allows you to do some research before making your application, as you can complete multiple Agreement in Principle’s online, without an impact on your credit rating. It’s still a reliable way to check what decision you would get when putting in a full application for a mortgage product, as it will check the same sort of data as a ‘hard’ application. However, as it is only ‘in principle’ until you have an offer, the amount could change.