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Your home may be repossessed if you do not keep up repayments on your mortgage.

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FREE Online Conveyancing Process for Buyers

Includes online checklists, videos, downloads and tips - plus it is free to use and remembers your progress.

 
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Whole Market Access

You'll have access to the whole of the market as our home loan brokers aren't tied to any particular mortgage providers.

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Our mortgage consultants can access exclusive mortgage lending rates which are not available to you when applying direct (terms apply).

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Fast mortgage appointments

With no need for face to face meetings you'll be called on the same day by one of our mortgage specialist brokers to discuss your circumstances and can support complex applications for Help to Buy, Right to Buy and Shared Ownership mortgages

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Impartial Mortgage Advice

You'll have access to the whole of the market as our mortgage brokers aren't tied to any one mortgage company.

How to get a mortgage - or remortgage - in Colchester


Colchester is a town and the largest settlement in Colchester Borough in Essex and is 51 miles nort-east of London. It has many historical associations - it is said to be the oldest town in Britain - and used to be England's capital city in Roman times (Camulodunum). It is well-equipped in terms of shopping, cultural diversions and open spaces.

One diversion is Colchester Castle in Castle Park - it's a fine example of a complete Norman Castle. The Mercury Theatre in Balkerne Gate has two auditoria and hosts a number of theatrical productions by highly talented orchestrators. Castle Park itself is an excellent open space and 'a green oasis in the town centre'!

The mortgage application process has 4 stages regardless of which mortgage lender you use:

  • Approval in principal (AIP)
  • Mortgage in principal (MIP)
  • Mortgage valuation
  • Mortgage Offer

Read about the full mortgage process here - What is the mortgage process?

Mortgage Broker Tip 

Check your credit report for any issues

Getting a recent credit report will show you how your credit worthiness is viewed by lending companies. This is particularly worthwhile if you haven't already done so and have been turned down for credit.

Depending on what you find on your file, you can take action to improve your credit, principally by ensuring you make timely repayments on existing credit you have taken out. Every application for credit you make which is turned down will in turn negatively impact your credit score.
Top Mortgage Lenders 

Repayment Mortgage

Residential home buyers take out repayment mortgages, which involve making monthly repayments where part of the payment goes towards paying for the interest on the loan and part goes towards paying down the capital. At the end of the term, normally 25 years, assuming all payments are made correctly, the mortgage is fully paid back so the ex-mortgagor then holds the full equity of the property involved.

The act of developing more equity over time has the advantage that any future remortgaging should be cheaper in future and applications more likely to be successful.
CO1 1PX

Property Price Stats for Colchester


Average property price in Colchester £225,563
% Change compared to last year 13%
Population of Colchester 104,390 (2001)


The property price data is sourced from the Land Registry's UK House Price Index and you can view up to date property prices by clicking - Land Registry House Price Index >> Land-Registry

RECENTLY COMPLETED MOVES IN Colchester

  • 10 Bury Close, Marks Tey, Colchester, Essex, CO6 1LE
  • 74 London Road, Copford, Colchester, Essex, CO6 1BJ
  • 36 Johnson's Drive, Elmstead Market, Colchester, Essex, CO7 7AL
  • 170 Old Heath Road, Colchester, Essex, CO2 8AQ
  • 21 Oakapple Close, Colchester Essex, CO2 9FS

Local High Street Banks in Colchester

Find a mortgage lender near you:
Some branches may have closed down - Call 0207 112 5388 for a Mortgage Broker covering Colchester

  • Lloyds Bank Plc - 27 High St, Colchester CO1 1DU
  • Barclays Bank Plc - 9 High St, Colchester CO1 1DA
  • HSBC Bank Plc - Midland House, 26 N Station Rd, Colchester CO1 1SY

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Mortgage Broker Tips for the Conveyancing Process

Consider booking your searches as soon as you have an offer accepted

If you're buying a property with a mortgage, your lender will normally expect you to book four standard property searches (local authority, environmental, chancel indemnity and drainage) and you are advised to get searches anyway so you have as much information on your property as possible.

Although you could choose to delay getting your searches to space out your conveyancing-related payments, you are more likely to save time on your conveyancing if you do not.

Your solicitor needs the information detailed in the searches as part of their extensive checks on the property you're looking to buy. As soon as they have this, the quicker they can carry these out and the sooner you'll be able to exchange contracts with the vendor, all going well.

Should you or the vendor choose to pull out of the sale for any reason, the searches can be sold on to any other prospective buyer of the property in question.

Click to find out more about property searches

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