Below is a summary checklist to what you will need to obtain a mortgage. We advise you get all these together before embarking on this journey. If you have any questions at any stage simply give us a call.
The biggest fear when applying for a mortgage is rejection. We can help decrease this fear by applying for the right product and making sure everything is perfectly in place before the application is processed.
Lenders will check on affordability,and, credit to assess your chances. During the process you will undergo several credit checks. There are no quick fixes to boost your credit score, however, some of tips below will certainly lower the risk of rejection.
Once you have agreed with you advisor on the best mortgage for you, your application will be sent to the lender for review. If successful, you will receive a mortgage in principle as a statement from the lender quoting the amount you have been offered to purchase your new home.
Avoid the surprise of hidden or forgotten costs. Our advisors will give you a full breakdown of what to expect. This can include the following.
Mortgage and Broker fees
Conveyance & Legal fees
Stamp Duty
Protection fees