Natwest Decision in Principle

Derby25

I applied to Natwest today for a 'decision in principle' and it was accepted. It also said that we may be able to borrow 90k more than we had asked for. (We don't want to borrow more than we asked for, but I'm including it for info in case relevant).
My question is, how reliable, in general, is a Natwest DIP please? I'm very aware it's only the first step of many, but has anybody else received this too, then been declined at a later date, for example? Views gratefully received, I just have no idea whether this is a sign of good news or something that's pretty standard for all? Thanks.

carguy143

As you say, it is the first step. Once you find a house and put in an offer the fun starts. From my experience, Natwest do their underwriting before instructing a valuation survey so see the survey as a good sign. I've just received my mortgage offer from Natwest this last week.

Good luck.

Rik.

Malmo

Natwest AIP via website is a soft search on your credit file (Equifax).
If the AIP was obtained via MTE (a mortgage sourcing platform), it's a hard search.

The AIP is then put forward as a full application subject to underwriting and valuation once a property is found. The AIP is only as useful as the information entered, giving you an indication of the maximum you might be able to borrow. There is still a long way to go.