How much deposit do I need for a mortgage in Howden?

If you are looking to take out a mortgage in Howden, you will need to provide a deposit of at least 5% of the property’s value. Nevertheless, if you have a poor credit score, certain lenders may mandate a more substantial deposit, ranging from 10% to 15% of the property’s value.

How does the mortgage process work in Howden?

Working with a mortgage broker in Howden can simplify your mortgage journey and potentially save you both time and money.

When you contact us, one of our mortgage advisors in Howden will conduct a comprehensive fact-finding process to understand your unique mortgage requirements and situation. Based on this information, your advisor will identify the most suitable mortgage option for you. If you decide to proceed with us and the chosen mortgage product, we will initiate the process of preparing your mortgage application.

Here a dedicated case manager will be assigned to you, who will assist you in completing your mortgage application. Once completed, we will submit it to the mortgage lender on your behalf. Your next step is to await the issuance of a formal mortgage offer!

When should I obtain an agreement in principle in Howden?

Before attending property viewings, it’s recommended to obtain an agreement in principle (AIP). This document verifies that the lender is prepared to lend to you, based on your ability to provide satisfactory evidence of your income and affordability.

AIPs usually remain valid for 30 to 90 days. If your AIP expires, you can quickly renew it by reaching out to a mortgage broker in Howden like us, and we’ll arrange for a new one within 24 hours.

Can I get a mortgage in Cottingham with previous credit problems?

Although it can be challenging, securing a mortgage with a bad credit score is not entirely impossible. The lender will scrutinise your credit history to assess the lending risk and your ability to repay your mortgage.

If you need help from a specialised mortgage advisor in Howden, feel free to get in touch with our team or schedule a free mortgage consultation online.

Are there fees involved in a remortgage in Howden?

When you’re looking to remortgage, it’s crucial to bear in mind that the expenses involved will be similar to those incurred during your initial mortgage acquisition. To get an idea of these charges, you can ask your remortgage advisor in Howden for a full breakdown.

You will usually be faced with costs such as arrangement fees, property surveys, and broker fees. It’s essential to factor in all of these expenses before taking out a new product.