The mortgage market can be a daunting and confusing minefield. You may have approached your high street bank whom you have banked with for many years to be told your circumstances are insufficient for the mortgage you require which can be hard to take. As an Independent Mortgage Broker we consider all lenders and products we have access to apart from lenders that are only available by you going direct to them – essentially we search the market to find you the right deal. On top of this, sometimes we’ll have access to several mortgage exclusives that you can’t get by going direct to the lenders.
We start with a brief (or more in depth if required) 10 minute telephone conversation to outline your requirements and circumstances whilst taking some brief information such as salary and credit commitments. This enables us to build a profile of the most appropriate lender to place you with to ensure high success rate of mortgage being accepted coupled with the most suitable product interest wise.
We use the information received from the initial phone consultation to source you the most appropriate deal applicable to your circumstances. We input the figures required and produce a list all mortgage lenders able to offer a deal, from most competitive interest rate to worst. We simply start at the top of the list and cross check your details to see if you meet their lending policy i.e. affordability checks, maximum age. This is a complex process to ensure we place you with the most appropriate option available given your circumstances so that when you receive the quotes they are prequalified with those given lenders on their criteria by the time you receive them.
We aim to get the most appropriate solution or solutions across to you within 1 hour via email – this will include up to date deal examples available showing interest rates, monthly payments and any applicable fees relating to that mortgage product. Often we will provide a few deal examples as food for thought based on our initial phone consultation.
Once happy with the types of deals available – or a specific deal – the next stage is to complete a more in depth factfind – this can be done over the telephone or we can send across a factfind document for you to complete and returned via email/post.
Once the full factfind has been completed we can approach the given lender and complete a credit scoring. All being well – we will be in touch within 2 hours with some good news. This Agreement in principle will enable you to proceed to full application with that lender.
Once you are in a position to proceed to full application we request documentation from you that the lender requires ie payslips, bank statements, I.D’s and once all received we set to work on packaging a case to go to the lenders that will stand the best chance on being accepted and as quickly as possible. This involves in depth assessments of bank statements and con be a complex process however we have years of experience dealing with the lenders decision makers and we know what they require to sign off on a successful case.
We liaise with the lender to ensure it passes their checks ASAP – then we ensure the processing runs as smoothly and efficiently as possible through mortgage valuation until the point of mortgage offer
Once the mortgage has offered its all down to the solicitors appointed to handle the conclusion of the process for you – we remain in touch to ensure any questions that need answering and done so and advice needed is provided. We also chase to ensure things are concluded as swiftly as possible