The Mortgage Process
Simplifying the Mortgage Process for You, Every Step of the Way
Understanding the Mortgage Process: A Simple Guide
Personalized Service Tailored to Your Needs
When you reach out to us, our first priority is to understand your unique requirements. We’ll listen carefully to ensure we provide advice that suits your individual situation.
The process begins with recording your key details in a fact-find document. This can be completed in-person, over the phone, or online—whatever is most convenient for you. We pride ourselves on offering flexible options, so whether you prefer to meet face-to-face or work remotely, we’re here to make the experience seamless.
Let us guide you every step of the way.Once we have all the necessary information, we’ll use it to conduct thorough research across the entire market to find the best mortgage products and lenders that meet your needs.
Our advice will be clear and transparent, complete with illustrations and comparisons to help you make an informed decision. We’ll be ready to move forward with your application as soon as you’re ready to take the next step.
Below is a simplified breakdown of the essential steps involved in securing a mortgage with us.
Key Steps in the Mortgage Process
- Initial Mortgage Consultation: Speak with one of our qualified mortgage advisers to explore your options and determine how much you can borrow.
- Apply for an ‘In Principle’ Decision: We’ll submit an application to your chosen lender to receive an initial decision, giving you a clear idea of how much you can borrow.
- Choose a Property: Once you’ve found your dream home, make an offer. At this stage, the estate agent will typically ask for proof that you have the necessary funds to proceed. You can provide them with your Decision In Principle certificate and supporting documents like bank statements.
- Full Mortgage Application: After receiving your ‘In Principle’ approval, you’ll submit a full mortgage application. We’ll help guide you in selecting the right mortgage product and repayment option for your circumstances.
- Appoint a Solicitor: A solicitor will handle the legal side of your property purchase, ensuring everything is in order.
- Valuation and Survey: A property survey will be conducted, and we’ll review the findings with you to ensure there are no surprises.
- Mortgage Offer: Once everything checks out, you’ll receive an official mortgage offer, which you can review and sign.
- Exchange and Completion: Upon exchanging contracts, you’ll pay your deposit. Once completed, the property is officially yours.
- First Repayment Letter: After completion, you’ll receive a letter outlining your repayment schedule and amounts due.
“We strive to make the mortgage process as easy and stress-free as possible.”
For further information or to discuss your options with one of our experienced mortgage advisers, give us a call at 01392 927327 or use our convenient contact form.
