To give you a clear understanding of the mortgage application process we've outlined the stages below.
We'll represent you at every stage and keep you updated of progress. We're also happy to liase with your solicitor and estate agent so they have the information they need when they need it.
We will contact the lender on your behalf and present your requirements along with some basic information.
The lender will normally conduct a credit score and review your income against lending criteria. The agreed lending terms will be subject to a full application and review of supporting documentation.
Once the mortgage has been agreed in principle the next stage is to complete and submit a full mortgage application.
We will help you complete the mortgage application form and advise you of necessary supporting documents to including proof of ID and payslips or income statements.
The lender will check the submitted documents and once happy they will instruct a valuation. At this stage the lender will notify us of any other requirements based on the information already submitted.
Once the valuation is back, the lender will assess it to ensure and review your borrowing requirements. The "Loan to Value" figure is one of key factors in determining the amount a lender will advance.
The lender carries out a final check of the application and then moves the application to mortgage offer.
You recieve the mortgage offer. We also recieve and a copy is sent to your solicitor.
The mortgage offer is a formal document released by the lender and it contains the final mortgage figure and any terms or conditions associated with the loan being advanced.
Now that your solicitor has recieved the mortgage offer they can finalise the purchase or remortgage.
If you're purchasing a property your solicitor should now be ready to exchange contracts.
We help both UK expatriates and foreign nationals find mortgages for UK property.
We can normally find a suitable mortgage for most individuals including contractors and self employed workers.Contact Us