Get Mortgage Ready!
Hot to get “Mortgage Ready”
Rightmove and Zoopla apps have revolutionised the whole house hunting process. Now, with hourly email alerts property hunters are viewing homes very quickly. Gone are the days of waiting for this weeks property guide in the paper!
With speed in mind, it’s quite likely that if an attractive property comes on the market at the right price, you’ll no doubt end up in competition with others to secure.
Here’s how we can help?
We can get you “Mortgage Ready”, meaning you have your mortgage “Agreed in Principle” before you make an offer.
A Mortgage Agreement in Principle (also called a Decision in Principle) is where your mortgage is application is pre-approved and credit scored by your recommended Lender. With this certificate in hand, an Estate Agent will know you are in an ‘all ready to go’ position. This will aid your chances of your offer being accepted. Now, you’ll only be behind a cash buyer in the pecking order.
The next steps…
The first part of the process is either a telephone call or face to face meeting where we can take some initial details and find out about what you are looking to do. I.e. are you a home mover, the first-time buyer, how much deposit do you have, income details, credit rating etc.
The second part of the process is the most fun, you then need to find a property!
The third part of the process, ahead of making your offer please give us a call and we’ll help you negotiate.
The final step involves us making our mortgage recommendation. We will take into account your individual situation in order to find you the best mortgage deal for your new property. We’ll then support you right through to you getting your keys.
Not quite ready yet? It can never be too early to speak with a Mortgage Advisor.
Concerned about your credit score? Maybe signing up to one of the credit reference agencies so you can see your score and maybe how you can improve this.