- 0330 043 3643
- [email protected]
- Fix Mortgages. The Enterprise Centre. Corporation St, Tamworth, Staffs B79 7DN.
Regardless of where you are based in the UK, we can set up a free, no obligation initial telephone consultation with you Monday-Saturday at a time that is convenient to suit you.
To enable us to accurately source the most suitable mortgage deal & obtain the lowest rates possible we would normally request you to provide a detailed copy of your credit file please.
To access this for free CLICK HERE
During this consultation, your appointed CeMAP qualified adviser will complete a financial fact find ensuring that we fully know and understand your financial position and requirements. This is necessary before any advice or recommendation can be provided.
By the end of the consultation, our aim is for us to understand maximum loan estimates, the lenders that might be available to us, and give you an approximate guide on general costings, including any associated fees.
After the consultation, we will go away & carry out full market research of the mortgage market to identify the most suitable lender for your exact requirements, ensuring you are matched with their lending and affordability criteria.
This can happen quite quickly, we aim to get back to you within 2 hours with our findings.
If you are happy with the terms of the deal, with your permission, we can go on & obtain an “agreement in principle” (AIP)
Your Agreement in Principle (AIP) is a certificate, not legally binding to yourself or the lender, this certificate will display a loan sum agreed to by the lender.
If you receive an AIP, this means that you have passed the lender’s credit search criteria and they a fully prepared to consider you.
A “soft search” would have been carried out at this point which has no overall effect on your current credit rating.
The AIP is normally valid between 30-90 days dependent on the lender in question.
After we have issued your AIP certificate this will enable you to book viewings for your next property.
You don’t need a mortgage or agreement in principle to make an offer, but it may give you a better chance of getting your property offer accepted because it will give you more credibility with estate agents and vendors.
It shows you are serious about buying and have the means to purchase the properties that you are viewing.
A mortgage in principle will also help you confidently judge how much you can realistically bid for a property.
When the vendor/ estate agent has agreed a purchase price with you, we will then require you to provide certain documents to check through before being sent to the lender.
This information includes the agreed purchase price, address of property, solicitor details, estate agent details, proof of earnings, recent bank statements, ID and deposit proof.
Alongside the fact-find we would have completed at your initial consultation we will use this information to submit a full mortgage application.
We will assign you with your own personal case manager who will be dealing with your administration, and they will be in constant dialogue with you, the lender, the estate agents and your chosen solicitors right up to the day of completion.
Following submission of your full mortgage application the lender’s underwriters will review the application and all supporting documentation we have provided and let us know if anything else might be required.
If the underwriter is happy to proceed they will instruct a surveyor to carry out a valuation on the property.
Once the report is back with the lender, and subject to the valuation figures meeting the minimum requirement, then a formal mortgage offer is issued to you.
When your application has been agreed, an offer letter will be issued to us to forward onto you and another posted to your solicitor.
The offer letter is legally binding to the lender and is usually valid for 3-6 months.
Therefore, the mortgage product selected will be secured for you through the duration of the offer validation period. Even if interest rates were to rise in this period your offer letter terms remains unchanged.
When your solicitor has completed all their legal work and has exchanged contracts with the vendor’s solicitor, you will officially own your new property.
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