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Agreement in principleA document from a mortgage lender confirming that you will be able to borrow a certain amount. You can use this to prove to a seller that you can afford to buy their property. Read more with the Which? Mortgage Advisers guide to agreements in principle
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Agreement in principlethe document produced in the fourth stage of the six-stage treaty process. The AIP outlines the major points of agreement between the three negotiating parties and forms the foundation for final treaty negotiations.
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