Get Mortgage Ready!

Time to Get “Mortgage Ready”

Potential home-buyers receive alerts to new property listings much earlier than ever before. This is thanks to the highly addictive apps from Rightmove and Zoopla.  There’s no waiting around for the weekly local “Property Guide” to come out anymore! Therefore, it’s likely that you will end up in competition with other potential purchasers. Even if the property is new to the market.

So how can you put yourself ahead of the competition to secure the property of your dreams?

One of the ways is to make yourself “Mortgage Ready”. This means having your mortgage “Agreed in Principle” prior to making an offer.  An Agreement in Principle is where your mortgage application is pre-approved and credit scored by the Lender we recommend for you.  The Estate Agent will then know you are in a position to proceed and will communicate this to the seller.  You’ll only be behind a cash buyer in the pecking order.

Whether you are a First Time Buyer or a Home Mover, it’s a great idea to get ‘Mortgage Ready’

In order to obtain an Agreement in Principle on your behalf, we’ll need to take some initial information about you. We will then guide you through the different options available to you before recommending the right mortgage for you.

If you are in the market for buying a house within the next 12 months it can never be too early to talk to a Mortgage Broker in Newcastle.  We can give you hints and tips on such matters as how much you can borrow and 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 to a Mortgage Broker in Newcastle 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.

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Mortgage Advisor in Newcastle Open & Honest Mortgage Advice in Newcastle & Newcastlemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

Newcastlemoneyman – Clavering House, 1 Clavering Place, Newcastle Upon Tyne, NE1 3NG.

The Financial Conduct Authority does not regulate most buy to let mortgages.

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