There are many questions you will need to ask yourself regarding your choice of property. Then come the mortgage related ones such as: How much will it cost? How much deposit will I need? Will I get a mortgage? What lenders are available? What interest rates are available?
The home loan market is complex. There are so many different mortgages to choose from. So it’s good to know that, as your introducer, we are on hand to answer your questions. We will help you with the tricky process of providing you lots of information you may find very difficult to obtain by yourself, we even help you with further information and assistance with your application process. We take pride in offering a personal service that takes into account your individual circumstances. Your financial situation is unique, so we work hard to understand your goals and aspirations, provide relevant information and guidance based on a comprehensive and detailed analysis of your needs.
Mortgage Steps and Time Scales
Initial assessment: Assess customer needs and capability of borrowing by lenders.
Fact finding and sign Authority to Proceed and Fee Agreement. Apply for the Decision in Principle (DiP) (1-1.5 week)
Full application, 4-8 weeks (It might take longer depends on the different situation).
New Stamp Duty Rates
- less than £125k 0%
- £125k to £250k 2%
- £250k to £925k 5%
- £925k to £1.5m 10%
- rest over £1.5m 12%