Saturday 31 July 2010

MORTGAGE ENQUIRY









Mortgage Process image

MORTGAGE PROCESS

  1. Speak with one of our professional mortgage advisors
    Our professional advisors will listen to your requirements and answer any questions you may have.
  2. Complete fact find
    The advisor will to need to collate some details and will ask you questions about you and your mortgage.
  3. Source a mortgage deal
    Using our sourcing technology the advisor will find the best deals available. They will look at these deals and provide you with their expert advice to help you decide which suits you best. They will provide you with a fully detailed illustration (Key Facts Illustration or KFI) which will give you with all the details you need to know about the mortgage products we are recommending and the fees involved.
  4. Obtain a decision in principle (DIP)
    Once you have made a decision on the mortgage product you want, we will obtain a decision in principle from the lender. The decision in principle puts you, the client, in a very strong position when house buying as it shows the estate agent and vendor that you are a serious client with prearranged funds at hand, allowing you to negotiate on the sales price or complete with speed if required.
  5. Complete full application
    Once you are happy with the mortgage we have recommended and you have been approved by the lender we can then complete a full mortgage application.
  6. Application managed to completion
    You will be allocated a dedicated case manager to see your application through to completion. They will inform you on the progress of your application on a regular basis and will also handle any problems with the lender, the vendor, the estate agents and solicitors.