Welcome to Mortgage Advisor
UK Mortgage Advisor
UK Mortgage Advisor
When buying a property in the UK, most people use a method which involves planning to ensure the best possible result. This is because of the fact that buying a property for most people is not an often activity and therefore the room for error is none. To start off with the basic questions to ask is how much do I have for an initial upfront deposit. Once this has been set, you would need to see how much of your income is available each month to put towards a mortgage. These details will help find a budget to towards the property, which will help filter out a lot of options to make finding a property that much easier. After finding the right property, in order to complete the whole process a mortgage advisor would help to find an appropriate mortgage product depending on the circumstances.
When looking for mortgage advisory we can help as our company has advisors based all over UK so that an advisor is always available to give local advice. Allowing our advisors to concentrate on a specific area mean they are able to specialise, which creates efficiency and better product knowledge. Our aim at mortgageadvisor.co.uk is to advise and advise only. We are not the typical broker who is trying to sell a product but instead understand what financial position you are at so that the correct options can be laid out.
With the previous subprime mortgages given out, lenders have made the requirements for property loan much more demanding. The subprime mortgages allowed for no deposit and even with a relatively low income still offered mortgages leading to a large percentage defaulting. Due to this the governing body for finance FSA has heavily regulated mortgage products to make sure that necessary requirements have been put in place to avoid borrowers default. One of the major aspects that effect the decision for whether or not a loan is approved is the credit rating. The rating of an individual is very sensitive and even something like applying for a mortgage and being unsuccessful can affect it, so it’s very important that only confident applications are made. That’s why we at mortgageadvisor.co.uk can help as before actually applying to the lender an advisor can go through the application to see is appropriate security is offered for loan amount. If for any reason the advisor is not confident then certain options can be put forward like increasing the deposit or maybe try to re-negotiate the asking price. Our UK mortgage advisors are able to use various communication methods to carry out the process.
To avoid creating a bad credit history, rather than applying directly to a lender, it is advisable to first consult an advisor who is able to run through the application. Our advisors have expert experience on the requirements lenders look for and be of assistance for no cost. To get in contact with a UK mortgage advisor just fill in the form below are an advisor will get back to you.