If you’re applying for a mortgage in Goole, it’s crucial to provide a deposit. Typically, lenders expect a minimum deposit of 5% of the property’s value. Nevertheless, depending on your credit history or past financial issues, this percentage may be higher, ranging from 10% to 15%.
A fast and friendly mortgage broker in Goole like us can be a valuable asset if you’re seeking assistance with securing a mortgage.
Upon contacting us, one of our experienced mortgage advisors in Goole will conduct a Fact Find to gain a clear understanding of your mortgage needs. Once this is done, your dedicated mortgage advisor in Goole will search for a suitable mortgage product based on your unique financial circumstances. If you are satisfied with the recommended mortgage product, we will proceed by preparing your mortgage application.
We will then perform a credit check on your behalf to obtain an agreement in principle. Additionally, you will be required to submit supporting documents to support your mortgage application.
Finally, we will submit your mortgage application and wait for a formal mortgage offer to be granted.
If you’re searching for a mortgage, it’s recommended that you secure an Agreement in Principle (AIP) as early as possible, ideally before taking up property viewings. As a mortgage broker in Goole, we suggest obtaining an AIP in advance, as it may give you an advantage when negotiating with the seller on the property price.
While it can be difficult, securing a mortgage in Goole with a bad credit history is not impossible. The extent and duration of your credit issues will be crucial when lenders are evaluating your application. Lenders need to be sure that you are able to afford a mortgage before lending to you.
Our team of mortgage professionals are available to provide you will specialist mortgage advice in Goole to help you find a mortgage deal based on your personal and financial situation.
As a mortgage broker in Goole, we have been able to help secure second or multiple mortgages for various types of mortgage applicants. You will need to meet certain requirements before taking out another mortgage, such as providing a substantial deposit, maintaining a good credit score, and having the financial means to handle two mortgage payments each month.
It is highly recommended that you consult with a mortgage advisor in Goole to evaluate your eligibility before committing to another mortgage.