{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"On The Ladder Ep.2 | What Is a Decision in Principle? Everything First-Time Buyers Need to Know","description":"Before you scroll through Rightmove, fall in love with \u201cthe one,\u201d or even book your first viewing\u2026 there\u2019s one crucial step every first-time buyer needs - and hardly anyone explains it properly. In this episode of On The Ladder, we\u2019re breaking down the Decision in Principle (also known as an Agreement in Principle, Mortgage in Principle, or simply a DIP). This simple document is your very first green light from a lender, proving they\u2019re willing - in principle - to lend you money for your new home. We\u2019ll walk you through:  What a Decision in Principle actually is Why you should get one before you start house-hunting How a mortgage adviser helps you find the lender that suits your situation The truth about credit checks (and why you shouldn\u2019t apply for DIPs everywhere online) How long a DIP lasts \u2014 and what to do if it expires Why you should never reveal your full DIP amount to an estate agent Whether you can have more than one DIP  How your DIP becomes a full mortgage application when you find "the one" By the end of this episode, you\u2019ll understand exactly why a DIP is the difference between hoping you can buy a home\u2026 and knowing you can. If you\u2019re a first-time buyer, self-employed, on maternity leave, or simply unsure where to start, this episode will give you the clarity and confidence you need to take the next step. Watch the full episode on YouTube: How to Save for a House Deposit UK | On The Ladder Ep. 1 Follow on Instagram: @the_mortgage_mum  ","author_name":"The Mortgage Mum Podcast","author_url":"http:\/\/themortgagemumpodcast.libsyn.com\/website","html":"