The Value of Accurate Information
If you have all of the required financial information and identification documentation to hand and in order then that’s great news. But to further speed up the time it takes for your mortgage application to be processed, it’s vital that the information you provide is accurate and up to date.
Accuracy
Acceptability
Liaise with your mortgage advisor to check what forms of documentation a lender will accept. Some will not accept printouts of online statements, requiring pdf downloads instead, whilst others will not accept a mobile phone bill as a utility bill.
Proactive
Help your mortgage advisor by providing details of the address of the property you want to buy, the estate agent and your conveyancer/solicitor (if you know who you want to use – dont worry if you don’t, we have a panel of partners who can help). Finally, remember thought that these are just the basics – all lenders are different, so some might ask for additional paperwork, whilst other will have different criteria around income and outgoings, so make sure you provide exactly what is asked for. Not quite ready to start the mortgage process just yet? Maybe you have a question you want answering? That’s fine, we’re here to support you when you need us – just contact us and we’ll be happy to help.
WE PLAY BY THE BOOK
You may have to pay an early repayment charge to your existing lender if you remortgage.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £650.