There's no need to wait days to speak to a mortgage lender direct when you can get a FREE mortgage consultation with our Mortgage Advisor today who has access to the whole of the mortgage market and the best mortgage rates.
Our mortgage consultants can access exclusive mortgage lending rates which are not available to you when applying direct (terms apply).
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
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.
Ilford is a large town located around 9 miles north-east of the centre of London. It is a large retail, commercial and residential area. It is the main town of London's Redbridge Borough. Ilford is made up from wards including Clementswood, Loxford, Goodmayes, Newbury, Mayfield, Seven Kings, Barkingside, Clayhall, Fullwell, Fairlop, Cranbrook and Valentines.
A great nearby diversion is Valentines Mansion & Gardens - a well-appointed house built in the late 17th century with beautiful gardens and grounds - which also has an aviary and a cafe. The Hospital Chapel of St Mary & St Thomas, on Ilford Hill, parts of which were built in the 12th century, is well worth a visit; it's small but contains many interesting monuments and work from master craftsmen.
The mortgage application process has 4 stages regardless of which mortgage lender you use:
Make sure you service any new lines of credit you take up correctly by ensuring that you make the correct repayments on time and by not overextending yourself, primarily. These actions will boost your credit score in the longer term.
Over time, your credit score will improve and any past mistakes you've made will have a decreasing impact.
Endowment Mortgage
Endowment mortgages refer to types of mortgage products associated with interest-only mortgages and so are therefore only open to non-residential customers at this time. Your repayments are made purely to pay for the interest levied with an interest-only mortgage. To pay off the capital, you need another investment vehicle and an endowment mortgage is one such approach to paying off the capital at the end of the mortgage.
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You make regular payments into an endowment, which is itself an investment fund, during the lifetime of the mortgage with the hope and expectation that the fund will grow large enough to cover the capital at the time of the mortgage expiring. Endowment funds always force you to take out life cover so the capital is covered in the event of your death.
There is no guarantee, however, that the endowment fund will actually cover the mortgage's capital when the mortgage expires, leaving a significant shortfall. This is because investment funds can of course decrease in size as well as increase, there is no absolute surety of success. This result was sometimes observed when residential clients used to be able to take out endowment mortgages and is one of the reasons why interest-only mortgages are no longer accessible to residential customers.
IG1 1DQ
Property Price Stats for Ilford
Average property price in Ilford
£351,148
% Change compared to last year
14%
Population of Ilford
168,168 (2011)
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 >>
RECENTLY COMPLETED MOVES IN Ilford
81 Marlands Road, Ilford, Essex, IG5 0JJ
93 Craven Gardens, Ilford, Essex, IG6 1PW
8 St Helens Road, Gants Hill, Ilford, Essex, IG1 3QJ
85 Gordon Road, Ilford IG1 1SJ
9 Tryfan Close, Ilford, Essex, IG4 5JX
Local High Street Banks in Ilford
Find a mortgage lender near you:
Some branches may have closed down - Call 0207 112 5388 for a Mortgage Broker covering Ilford
Lloyds Bank Plc - 102 - 104 High Rd, Ilford IG1 1DS
Communicating using the fastest and most efficient methods can really speed up conveyancing in Ilford.
The last thing you want is to be ready for exchange but still be waiting on outstanding documents. To avoid unnecessary delays, if you have a question for your solicitor, the quickest thing to do is pick up the phone. Emailing with scanned attachments can be faster than posting documents.
If you do need to send any documents, make sure you use recorded delivery. This will avoid the horrible situation that the documents are lost in the post and you have to wait for replacements.