For the majority of buyers the purchase of a property will be part mortgage and part cash deposit, and with so many different types of mortgages available the market is fairly complex particularly for first time buyers or those who need to refinance an existing loan.
We strongly recommend that a prospective buyer has ascertained their lending potential before starting to look for a new home as you will need to be fully financially qualified before a viewing can be arranged, and certainly before an offer can be considered.
Appointing a FCA approved independent mortgage broker is a smart choice as they are a qualified professional who specialise in finding lenders who will meet your specific requirements.
Why should you use a mortgage broker:
- Access to mortgage deals that may not be available to the public, even if you go to the lender directly
- Lenders will be matched to your unique situation
- Completing the big picture with additional products such as insurance & protection.
The first step will be to get an Agreement in Principle (AIP). This is what a potential lender will be prepared to loan you (subject to a survey).
Once your offer has been accepted your mortgage broker will then submit a formal application on your behalf with your chosen lender and a survey will be instructed, your lender will then issue a formal mortgage offer.
Quatremain & Co work with a number of experienced FCA regulated mortgage brokers that are completely independent. This means that they can access the full mortgage marketplace for you giving you many more options.
Please give us a call, whether to discuss your needs and requirements, or just for some friendly advice and we can help you get the ball rolling.