Applying for a mortgage can seem an intimidating and complicated process. Thankfully this is something we do every single day, so we can do much of it for you. Simple.
The most important thing when considering the purchase of a new home is to put in place a mortgage offer. This is a considered offer made ‘in principle’ by a mortgage lender. The offer is made after considering a whole range of factors including your income, your job, your age, personal circumstances, credit history, available cash deposit, etc. This offer serves two purposes. First, it means you know how much you can afford before you start looking and second, it saves lots of time later.
At this stage, you don’t have to have a particular property in mind. In fact, if you do find your dream property, you’ll be in a much better position to make an attractive offer and ‘perform’ quickly with the purchase if you can show the seller you already have a mortgage offer on the table and ready to go.
To make an application, you’ll need to provide lots of information. Lenders are becoming more demanding when it comes to building a picture of the person they are lending to and it helps your application if you can provide comprehensive and accurate information. The good news is that whilst you’ll need to provide accurate information, you don’t necessarily need to provide all the supporting paperwork until later in the process.
Here is some of the information you’ll need to provide;
Rest assured, the whole process is now quite simple. Especially when, like us, you do it every day.
Contact Mortgage Required for an initial chat on 01628 507477 or click here to book a free call or video appointment.
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