5 Top Tips When Getting Your Mortgage

Start and Co spoke to Newquay Mortgage and Pensions and found five tips for buyers and movers looking to secure a mortgage.

1) Make sure your personal credit is maintained correctly (no missed payments on cards or loans) if possible make at least the minimum payment by direct debit to avoid missing a payment or paying late.

2) Shop around for the best product available. Seek advice from an Independent adviser.

3) Don't always rely on the basic valuation which is carried out on the property by the lender. You can commission your own more detailed reports if needed (usually at your own cost).

4) Keep records / paperwork up to date prior to a mortgage application. Documents that are usually requested are evidence of income (including any benefits) bank statements, evidence of any personal credit commitments. Evidence of your deposit is also expected.

5) Deposit is key! The better the deposit, the more competitive the mortgage rate available.

Our thanks to Mike and the team.

Email : mike@nmandp.co.uk Web : www.nmandp.co.uk

Address : 8 Chester Road, Newquay, Cornwall TR7 2RX

13/07/18