When seeking a mortgage in Hessle, it’s essential to provide a deposit. The minimum deposit required by numerous lenders is typically 5% of the property’s value. Nevertheless, depending on your prior circumstances, such as past credit problems, this percentage may increase. It could range from 10% to 15%.
As a mortgage broker located in Hessle, we recommend acquiring an Agreement in Principle (AIP) at the earliest opportunity if you are seeking a mortgage, ideally prior to commencing property viewings. By securing an AIP before embarking on house hunting, you may be better positioned to bargain with the seller over their asking price.
Our mortgage process consists of several stages. Initially, when you get in touch with us, one of our mortgage advisors in Hessle will carry out a Fact Find to gain a better understanding of your mortgage requirements.
Your designated mortgage advisor in Hessle will then commence a search for suitable mortgage deals that align with your individual and financial circumstances. If you are content with the mortgage product proposed, we can proceed with preparing your mortgage application.
Subsequently, we will conduct a credit check on your behalf to obtain an agreement in principle. You will be required to furnish us with some supporting documents to reinforce your mortgage application.
Finally, we will submit your mortgage application and await a formal mortgage offer to be granted.
The charges linked with a remortgage resemble those of your original mortgage application. If you seek a comprehensive outline of these expenses, reach out to our remortgage consultants in Hull.
We will make an effort to minimize these expenses while simultaneously examining your existing mortgage product in comparison to new options to determine if you qualify for a more favourable interest rate.
Acquiring a mortgage in Hessle while having a history of credit problems can be a difficult task, however, it’s not entirely unattainable. The outcome of your application will be influenced by the gravity of your past credit issues and the duration of time that has passed since they occurred. It’s crucial to bear in mind that lenders will scrutinize your credit record to evaluate the risk of loaning you money.
If you require tailored mortgage guidance in Hessle, do not hesitate to contact our team of mortgage specialists.