1) We carry out a credit history check on you. If we get the green light then we can proceed to step 2. If we get a red light then we will formulate with you a strategy that allows us to progress to the lending stage.2) We stress test your financials by carrying out a Mortgage Market Review ( MMR).The purpose is simple. To get a clear understanding of your mortgage affordability. What size of borrowings can you comfortably manage bearing in mind that interest rates can go up.3) A Mortgage Lender if happy will provide a Mortgage in Principle. A certifcate that tells you and others what size of loan you can comfortably afford.
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MMR - MORTGAGES
Once you have your Mortgage in Principle you can search for your property. We look forward to hearing from you.
When you find your ideal property on the market, and your offer (Subject to Survey) has been accepted, then consider what you need to do to take the stress out of your property buying process.Your lender will require a Valuation. You will need to have a Survey.Be ready to discuss your results with your Mortgage Adviser.It could be an opportunity for you to offer a lower price for your chosen property.OrYou may walk away and start the process again.
Our Mortgage Fees Include
1) Credit Check2) Abortive Transaction Insurance3) An MMR review together with a whole of market search for the best deal that meets your borrowing needs.
MORTGAGE MARKET REVIEW (MMR)The purpose of the review is to focus on affordability and responsible lending
We are happy to receive calls on the number below0345 463 7664
Call 0345 463 7664
What you can expect from us .....
A personal approachAccess to on going financial advice Honest and proactive adviceTelephone calls, emails returned promptlyPractical solutions that work for youA focus on results
How much am I going to be able to borrow?How much deposit will I have to put down?What documents do I need to provide?What is the mortgage process?What insurances will I need to have?When will I know that I have a mortgage?
We provide the answers.
It is your responsibility to understand that your home may be repossessed if you fail to keep up your mortgage repayments