Mortgage FAQs Category: Moving things forward

What are insurances and why do I need them?

Insurance, also known as protection, is something you should put in place to ensure that no matter how your circumstances change you will still be able to cover your mortgage repayments or repay your lump sum amount. Remember, your lender has a right to repossess your property if you don’t keep up with these payments…. Read more »

How long can I expect it all to take?

While we can’t give you a specific answer here, as every case is different, we do understand how important it is to know roughly how long you’ll have to wait to move into your new home. In normal times you can expect to exchange contracts within 28 days if you’re buying a new build property… Read more »

What fees will I have to pay?

You will be asked to pay a number of different fees in order to go ahead with your purchase. These could be: Arrangement / valuation fees (where necessary) payable to your mortgage lender (your adviser will talk to you about these) Broker fees Solicitor’s fees Reservation fees payable to your Housing Association / Builder Please… Read more »

Can I change job or take out credit now?

The quick answer is no, not without speaking to your adviser. But this is REALLY important to bear in mind. Any change to your circumstances or credit will impact your application. This doesn’t mean it’s impossible but please discuss your situation with your adviser to make sure you understand exactly how it will impact your… Read more »

What happens next?

Once we have submitted your application your Client Account Manager will see you through your journey. Your application will go to the lender, who will complete all their checks and your case manager will keep you updated every step of the way. Once your mortgage offer is issued, this will be sent to both you… Read more »