What do I need to to do to get a mortgage?
"There are so many hoops to jump through these days, when applying for a mortgage. We try and help to make this as simple as possible."
1.
Normally a job or some income, you may be self employed or employed but will need to have some history of work.
2
A credit check so the lenders know you exist on the national credit database.
3
A fixed abode, if you are renting or own your own house or even live at home, since you have bills in your name and are on the voters role this will help. If you have more than three years at one address it is even better.
4
Lenders currently require a deposit of at least 10%. The more you have the better as often better deals can be sought.
5
A property to buy! – Use our useful tools here.
6
Speak to us (This involves us collecting the basic information from you) then we can outline roughly what deals and how much you can borrow. Go to Quick Quote to find out more.
7
Once we have established that you are eligible for what you want we need to collect more in depth details from you. This is via a document called a Fact Find, in this document the more information we have at outset the better as we can then identify your exact requirements and find a lender who will lend to you.
8
The next step is to ask the lender to do a Decision in Principle this means the lender will do a credit check on you to make sure you are eligible for the loan.
9
We then need to apply for the mortgage with the chosen lender, they will collect money from you to do a valuation and collect proof of income, Identity and proof of where you live. We should already have collected this from you to speed things along.
10
The Lender will issue an offer then you can buy your home.
