Step 1 – Initial consultation
Call us on 01934 251822 to arrange a time for us to meet you for an initial consultation. This should take approximately 30 minutes and one of our mortgage advisers will gather the information from you that we require to start the process. You can find out what information we are likely to need from you by clicking here.
Step 2 - Search the mortgage market
We will then search the mortgage market for a product that best suits your needs, requirements and situation. We will then send confirmation of our discussion and recommendation in writing.
Step 3 – Complete the application form
Following your agreement to our recommendation, we can send you the mortgage application form to complete, sign and return. If requested, providing we have the relevant information, we can complete the form on your behalf and send it to you to check, sign and return.
Step 4 – Submit application form to lender
On receipt of your signed mortgage application form we submit it to the relevant lender. We then monitor the progress of your application and keep you updated on a regular basis.
Step 5 – Mortgage Offer
We monitor the mortgage application process from start to finish, enabling you to have complete peace of mind. After your application form has been submitted, the lender will typically need to carry out a valuation of your new property.
Once this is done and your application has been accepted, a mortgage offer will then be issued by the lender.
Step 6 – Appoint a solicitor or conveyancer
You will need to appoint a solicitor or conveyancer who will deal with legal aspects of purchasing your new property and selling your existing property, if applicable. This process is commonly known as ‘conveyancing’ and it includes researching the property’s legal boundaries, obtaining the legal deeds and advising you on a draft contract of sale. Your solicitor or conveyancer will also carry out searches and agree a date for completion. We’ll be more than happy to introduce you to a solicitor who will act on your behalf during the transaction.
Step 7 – Exchange contracts
Once your solicitor or conveyancer has carried out the necessary legal work and the mortgage offer has been made and received by you, the contracts can be exchanged. Once each party has signed the contracts and they have been exchanged, they are legally binding. The contracts will include a completion date, which is the date that you take legal ownership of the property.
You will also need to take out buildings insurance so that the property is insured. Once again, we can arrange this for you.
Step 8 – Legal completion
This is the last stage of the process when your solicitor or conveyancer completes the purchase of the property on your behalf. The Transfer Deed, the document confirming you as the owner of the property, is then sent to the relevant registry so that records can be updated showing you as the new owner. The property is then legally yours and you can move in.
In some cases, contracts are exchanged and legal completion takes place on the same day.
With one of our team guiding you through the whole process, you can save yourself a lot of time – and headaches!
There will be a fee for mortgage advice. The precise amount will depend on your circumstances, but we estimate that it will be £299, but this may range from £149 - £999. We will agree this with you at our first meeting.
"Your home may be repossessed if you do not keep up repayments on your mortgage."