Why do I need a Broker?
The main advantage of using a broker as opposed to your own bank is the access to a wider choice of lenders, independent advisers can access the whole of the market whereas banks will only offer their own products which may not necessarily be the best suited for you.
How much can I borrow?
Please see our handy calculator here
How do I arrange a Decision in Principle?
The initial stage in the mortgage application process can be known as Decision in Principle (DIP), Agreement in Principle.
Whilst you can arrange a Decision in Principle (DIP) direct with a mortgage lender, our broker will be happy to arrange the Decision in Principle (DIP) for you. They will learn about you and your requirements and apply on your behalf to a suitable mortgage lender. All being well the lender will provide you with a certificate which you can present to Estate agents to prove you have been accepted in principle for a mortgage.
What documents do I need for a mortgage application?
- Utility bills from your current property
- Proof of any benefits you receive
- Your latest P60 form from your employer – especially important if you get paid a bonus and want this taken into account
- Your payslips for at least the last 3 months
- Bank statements for the account you get paid into for at least the last 3 months
- Proof of any other income than your salary
- 3 years’ SA302 tax forms or signed accounts if you’re self-employed
In some cases, your lender might want additional information about your outgoings beyond your bank statement. It would be worth gathering evidence of:
- Your monthly utility bills
- Your Council Tax payments
- Regular outgoings like childcare and travel costs
- Any monthly insurance policies
That way, you’ve got the info to hand if they ask.
Why do I need a Broker?
The main advantage of using a broker as opposed to your own bank is the access to a wider choice of lenders, independent advisers can access the whole of the market whereas banks will only offer their own products which may not necessarily be the best suited for you.
How much can I borrow?
Please see our handy calculator here
How do I arrange a Decision in Principle?
The initial stage in the mortgage application process can be known as Decision in Principle (DIP), Agreement in Principle.
Whilst you can arrange a Decision in Principle (DIP) direct with a mortgage lender, our broker will be happy to arrange the Decision in Principle (DIP) for you. They will learn about you and your requirements and apply on your behalf to a suitable mortgage lender. All being well the lender will provide you with a certificate which you can present to Estate agents to prove you have been accepted in principle for a mortgage.
What documents do I need for a mortgage application?
- Utility bills from your current property
- Proof of any benefits you receive
- Your latest P60 form from your employer – especially important if you get paid a bonus and want this taken into account
- Your payslips for at least the last 3 months
- Bank statements for the account you get paid into for at least the last 3 months
- Proof of any other income than your salary
- 3 years’ SA302 tax forms or signed accounts if you’re self-employed
In some cases, your lender might want additional information about your outgoings beyond your bank statement. It would be worth gathering evidence of:
- Your monthly utility bills
- Your Council Tax payments
- Regular outgoings like childcare and travel costs
- Any monthly insurance policies
That way, you’ve got the info to hand if they ask.
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