Get Mortgage Ready!
Are you “Mortgage Ready”?
Since the launch of the increasingly popular Rightmove and Zoopla apps, potential purchasers are all alerted much earlier to new properties listed than ever before. There’s very little waiting around for the weekly local “Property Guide” to come out these days! As such, it’s incredibly likely that if you are viewing a property which is new to the market, you will end up in competition with other potential home-buyers.
Ways to secure your property:
A way to do this is to (much like the title says) Get “Mortgage Ready”. This means having your mortgage “Agreed in Principle” ready prior to making an offer. An Agreement in Principle (or AIP) is where your mortgage is application is pre-approved and credit scored by the Lender we recommend for you. Once you have this document to hand, any Estate Agent will know you are in a great position to proceed and will communicate this to the seller. You’ll only be behind a cash buyer in the pecking order.
It’s a great idea to get ‘Mortgage Ready’, no matter what mortgage type you go for!
We’ll need to take some initial information about you, in order to obtain an AIP on your behalf. Then we’ll guide you through the varying options available to your situation, before recommending the appropriate mortgage.
If in the next 12 months you’re in the market for buying a property, it might be time to talk with a Mortgage Broker. We can give you hints and tips on such matters as;
- How much you can borrow
- How much deposit you might need early on
So you know exactly what you need to be doing to put yourself in the best position.
Subscribing to one of the credit reference agencies can be a good idea to see how your score is and what you can be doing to improve things.
Speaking with us early on will also give you an insight into what documents you’ll need to produce when the time comes to formally apply for your mortgage. We can also give you advice on what Lenders are looking for on your bank statements, for example exceeding your overdraft limit.
Your Local Mortgage Broker in Doncaster
Quick Links To Our Mortgage Services:
- First Time Buyer Mortgage Advice in Doncaster
- Home Mover Mortgage Advice in Doncaster
- Remortgage Advice
- Buy to Let Mortgage Advice in Doncaster
- Right to Buy Mortgage Advice in Doncaster
- Self Employed Mortgages
- Specialist Mortgage Advice in Doncaster
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