return to main index page
USEFUL LINKS:
www.fsa.gov.uk
www.equifax.com
www.experian.com
www.mullinhomes.co.uk
|
The Mortgage Process
The mortgage process can be a lengthy and complicated one but with our expert advice and guidance we aim to make it as easy as possible for you. Below is a brief explanation of the process. If you would like a more detailed description of the entire home buying process then please click here.
- Step 1
Decide on the type of mortgage you want. This will be dependent on your circumstances and the exact purpose for which the mortgage is being raised. Click here for a full explanation of the various types of mortgage available. We will be more than happy to help you with this, click here to contact us.
- Step 2
Make an informed choice as to the type of repayment vehicle that best suits your needs and circumstances. We will explain to you the differences between the various products available and go through your finances with you to make sure that the product you choose is not only suitable but also affordable.
- Step 3
We will research the market for you and find the right product to meet your needs. There are currently over 50,000 mortgage products available on the UK market, we will find the one that is right for you. We will then contact you to arrange step 4, the mortgage application.
- Step 4
Paper work will be kept to a minimum. We do most of it for you, all you need to do is check the accuracy of information and sign. You will need various documents to complete the mortgage application these may include (but are not limited to) Proofs of Identity (Passport/Driving licence) - Proofs of Address (utility bills etc.) -
Proofs of income (payslips/bank statements etc.) - recent mortgage statements etc. Most of these wil require photocopying. The application is then sent by us, to the lender. We will then act as your representative to the lender and aim to get your mortgage approved and completed as swiftly as possible.
- Step 5
Your solicitor/conveyancer is instructed to act on your behalf. We liaise with him to ensure a smooth completion. We have made the process even easier for you – click here for a free conveyancing quote.
- Step 6
You receive your money and start to make monthly payments to the lender.
Please note: Your home is at risk if you do not keep up payments on any loan or mortgage secured upon it.
|
|
|