What does a mortgage broker do?

  • Assess your affordability
  • Provide tailored advice suited to your specific circumstances
  • Liaise directly with lenders, estate agents and solicitors
  • Compare 1000s of products across the market to ensure you’re getting the best deal
  • Ensure you’re in the best position to apply

What documents do I need to provide?

  • Copy of photo ID
  • Proof of address
  • Latest 3 months payslips*
  • Latest 3 months bank statements
  • Proof of deposit
  • Up to date credit report

*alternative documents required for self-employed, or those with less than 3 months

How can I improve my credit rating?

  • Ignore the score (the content of your report is what matters)
  • Keep up to date with payments
  • Ensure you’re on the electoral roll
  • Cross-check your address, making sure it’s the same across all accounts
  • Avoid payday loans
 

What is conveyancing?

This refers to the legal work
completed by the solicitor or conveyancer you choose when buying or selling a property. It’s important to have either a conveyancer or a solicitor lined up as you will need this in place to start and complete your transaction. We can help with your selection should you require some assistance.

What fees might be involved?

Depending on the type of mortgage you require will dictate the fees involved. Typically we charge a fee on application of the mortgage, but other costs may be involved, such as:

  • Valuation fee
  • Solicitor fees
  • Product, or arrangement fees
  • Stamp duty land tax

What insurances do I need?

Your mortgage lender will insist Buildings Insurance is in place as you move into your new home. It is not a requirement to take out Mortgage Protection Insurance, however it will protect your asset for the mortgage term and give you the peace of mind that your family would be able to remain in the property in the event of death, or suffering from a critical or long term illness or injury.

FAQs