Process
Decision in Principle (DIP)
A Decision in Principle is the lender's preliminary indication that they would lend to you, subject to full underwriting. It's not binding but signals the deal is viable.
On bridging, a DIP is typically issued same-day or within 24 hours of submission. The lender reviews the headline numbers (loan size, LTV, exit strategy, borrower profile) and confirms whether the deal fits their criteria before you incur valuation or legal costs.
A DIP is not a guarantee — full underwriting can still surface issues that change the offer (an aggressive valuation, undisclosed adverse credit, an exit strategy weaker than presented). But it's the first commitment from the lender and lets you proceed to instruct valuation with confidence.
Most of our seven-lender panel issue DIPs same-day for clean cases. Complex cases (foreign nationals, unusual properties, adverse credit) take 1-2 working days as the underwriter reviews specifics before committing.