Key issues around applying for mortgages and costs of mortgages
Mortgage application timescales – slashed with our online service Online service- it takes just 7 minutes to apply No meetings No paperwork No fuss Whole of market advice Offer in principle 24 hours (in most cases) Full Offer 10 days (in most cases) Current Mortgage Lender’s timescales Timescales current as of Lender Initial Review (days) … Read more
What is porting a mortgage? Porting a mortgage is one of the areas where we find borrowers get most confused. Porting is a feature offered by most mainstream lenders on residential products, and by many lenders on buy to let products. When you are porting a mortgage, you are not actually ‘porting the mortgage’, you … Read more
CheckMyFile – 4 credit reports in one CheckMyFile offer a credit report covering your data from up to 4 credit reference agencies including – Equifax, Experian and TransUnion. This is available now on line FREE for 30 days, then £14.99 a month, you can cancel anytime. What is Checkmyfile? Check my file provides data on … Read more
Problems accepting your new Santander Mortgage Rate online? We find Client’s sometimes find the Santander online mortgage acceptance process confusing. When you select a new mortgage rate, Santander email you with a link to a web page where you can view your new mortgage offer and accept your new mortgage rate online. The most common … Read more
Leeds Building Society Mortgage Rates from 1.49% Existing Leeds Building Society borrower?Looking to switch to a new Rate?Make one simple phone call to 020 8979 9684No need to book an appointment with a Mortgage Adviser Fixed rates for existing Leeds Building Society borrowers 2 year fixed rate 1.69% until 31st March 2020 3 year fixed … Read more
Experian will provide a copy of your for credit report under its statutory obligations for cost of £2. This means that to obtain your experience credit report you do not need to sign up for an account on any subscription basis, free or otherwise. Below we outline how the process works. Notes Provide this full … Read more
[7min]In today’s budget the Chancellor, Philip Hammond, announced Stamp Duty Land Tax Relief for First Time Buyers to start today 22nd November 2017. The relief is available on all properties up to £500,000 purchase price where all buyers are ‘First Time Buyers’. We have already had a number of queries from our clients about this … Read more
Why do Mortgage Lenders ask to see Bank Statements? Primarily to: Ensure no payments have been returnedEnsure any overdraft limit is not exceedSee income being banked as per wage slipsSee existing rent or mortgage payments going outSpot regular payments that have not been listed on the application The importance of your bank statements in a … Read more
It is becoming increasingly common to gift a child or close family member funds towards their deposit on a property purchase. But what happens where there is another party involved, the spouse or partner of your child? In the event of a later split, do you really want to see your child’s ex-partner going off … Read more