Speaking with clients the one area they all seem genuinely confused over is "what exactly will the lender be looking for in my application and will I be able to get a mortgage?". Whilst not exactly a dark art, it is a very complex area and no wonder that we often see clients who have tried to do it on line themselves and failed dismally. Hopefully by investing the next five minutes of your life in reading this post I can unravel some of the mysteries and give you some pointers to what your Mortgage Broker will need to help your application sail through! It has to be remembered that nearly every lender has different criteria as to what is and is not acceptable to them and this is one of the v
Buying your home is one of the biggest financial considerations most of us will make during our life and for many it will seem quite a daunting prospect. Perhaps the biggest hurdle you have to overcome is getting a suitable deposit together. So, just how much do you need to have in place before you start to look at the housing market? 100% mortgages are still available but in today's market they require a Guarantor who will be able to take over payments in the event of the Mortgagor failing in their responsibility. This is not a straightforward option as it does require that all applicants and guarantors have to meet strict financial underwriting requirements. The minimum deposit that some
The property market is an ever changing platform and keeping pace with what is happening is hard enough for most of us who are working in the industry, for those outside it is almost impossible. Here we will look at some of the issues as they occur and what sort of impact they may have in the months and years to come. The content of this blog should not be construed as advice but should be considered as the opinion of the writer.
