Your Credit Score and Mortgage Advice Knowing your credit score is one of the best ways to show potential mortgage lenders that you know how to manage your finances. The average credit score in the UK in 2021 was 797 (Experian), up by five points from 2020 and a massive 21 points from 2019. No…
The mortgage application process… On average, a mortgage application will take around four to six weeks. Although it’s likely to feel more like four to six years whilst you’re waiting on a decision. Here are a few things you can do to make the whole process run a lot smoother and hopefully turn around more…
Documents you need to get the mortgage application approved Applying for a mortgage guarantees you’ll be handling a lot of paperwork, so it pays to get organised before making your mortgage application. Your mortgage broker will need to prove your identity, income and day-to-day expenses in your mortgage application. Proof of Identity A lender will…
Negotiate Mortgage Interest Rates by following theses simple steps. Buying a home is likely to be your most significant financial commitment, so it makes sense to plan and have a strategy that gives you the best chance of success. Most homebuyers negotiate on the sale price of the property they are purchasing, but very few…
What are the cons of working with a direct lender Applying for a mortgage can feel like trying to rub your tummy and pat your head whilst holding down all your other day-to-day commitments. It’s a time consuming, challenging and potentially costly way to secure a mortgage. Time Are you considering applying directly to the…