Get Mortgage Ready!

Getting “Mortgage Ready”

Mortgage Ready! Since the launch of the highly-addictive Rightmove and Zoopla apps, potential purchasers are all alerted to new property listings much earlier.  There’s no waiting around for the weekly local “Property Guide” to come out anymore! As such, it’s quite probable that you will end up in competition with other potential purchasers. Even if it is new to the market.

So how can you put yourself ahead of the competition?

One of the ways is to make yourself “Mortgage Ready”. This means having your mortgage “Agreed in Principle” prior to making an offer.  An Agreement in Principle is where your mortgage is application is pre-approved and credit scored by the Lender we recommend for you.  With this, Estate Agents will know you are in a great position to proceed. They are also likely to communicate this to the seller.  In this situation, you’ll only be behind a cash buyer in the pecking order.

Whether you are a First Time Buyer or a Home Mover, it’s a great idea to get ‘Mortgage Ready’

In order to obtain an Agreement in Principle on your behalf, we’ll need to take some initial information about you and then guide you through the different options available to you before recommending the right mortgage for you.

Speaking with us early on will also give you an insight into what documents you’ll need to produce when the time comes to formally apply for your mortgage. We can also give you advice on what Lenders are looking for on your bank statements, for example exceeding your overdraft limit.

If you are in the market for buying a house within the next 12 months it can never be too early to talk to a Mortgage Broker.  We can give you hints and tips on such matters as how much you can borrow and how much deposit you might need early on so you know exactly what you need to be doing to put yourself in the best position.

Subscribing to one of the credit reference agencies can be a good idea to see how your score is and what you can be doing to improve things.

Don’t worry, your Coventry Mortgage Advisor is here to help you!

Our Mortgage Services

We are experts in our field and are pleased to help with all Mortgage situations including:

Please click through above for more information, you can always send us a message here. 

Offering Honest, Expert Mortgage Advice in Coventry & Surrounding Areas – Mortgage Broker in Coventry
Remember, we work independently from Estate Agents or Builders so our advice is totally impartial and unbiased.

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Mortgage Advice in Coventry Open & Honest Mortgage Advice in Coventry & Coventrymoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

Coventrymoneyman – Sherbourne House, Humber Avenue, Coventry, CV1 2AQ. Tel: 024 7688 0948

The Financial Conduct Authority does not regulate most buy to let mortgages.

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