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Frequently
Asked Questions
Over the years we have seen that the
most frequently asked questions are as follows.
- Will I actually get the
mortgage with my circumstances?
- How long will it all take?
- What are the rates?
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These explanations are based
on successful applications over more than 10 years of arranging
adverse non-standard mortgages. We do, of course arrange standard mortgages.
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Firstly we only
provide illustrations of mortgages or remortgages that we can
actually arrange, allowing for the circumstances described in the
enquiry form. If all the information is confirmed at the time of you
applying in full then you will get the mortgage. If the
information does not add up or for example something is confirmed
different such as the amount of mortgage arrears then we can
probably still arrange the mortgage but the terms may be
different.
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How long it all
takes depends on a number of factors. Some lenders are slow,
sometimes information required is not supplied quickly, often a rent
reference or mortgage statement takes far longer than expected so,
based on experience offers are currently taking around 3 to 6
weeks. We can secure a decision in principle as quickly as one hour
but some lenders take a few days.!
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The rates
available depend entirely on the circumstances, the loan to value
and your income. Therefore we suggest completing a no
obligation enquiry. We always illustrate the mortgage with the
lowest rates we have from a panel of 25 lenders or from the whole of the market
if necessary. The overall cost for comparison
depends entirely on the type of mortgage and your circumstances. The actual rate available will depend
which lenders are offering what you need.
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About us We are
registered and authorised by the Financial Services Authority to arrange
mortgages but not all mortgages are regulated by the FSA. We have been arranging
just mortgages since 1997.
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