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Our Mortgage Broker Guide to getting a mortgage in Addiscombe

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

    1
    Approval/Decision in Principal (AIP/DIP)
    2
    Mortgage in Principal (MIP)
    3
    Mortgage Valuation
    4
    Mortgage Offer

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

Mortgage Broker Addiscombe Tip 1
Top Mortgage Lenders

Mortgage Broker Tip 1

Mortgage BrokerTip 2

Clear debts first then save

The more overextended you are with debt, the lower your credit score will generally be. Interest rates paid on savings accounts is invariably less than is charged for debts owed.

It therefore makes sense to draw down your savings to clear as much of your debt as you can. In doing so, you will also increase your credit score making any future credit debt you take on cheaper to service.

Fixed Rate Mortgage

A fixed rate mortgage involves you agreeing with your lender to pay a fixed interest rate on your mortgage loan for a fixed period of time, which is normally 2, 3, 5 or 10 years.

Although the interest rate may initially be slightly higher than what you are quoted for a variable rate mortgage, you gain from the security of knowing exactly what you'll be paying out each month. This is more likely to suit the lower risk profile of a first time buyer because they can budget for the sum and, as long as there aren't any unforeseen drastic occurrences such as unemployment, they can be assured that they'll be able to make their mortgage repayments.
With a fixed rate mortgage, when the fixed term finishes, the mortgage is converted to a variable rate mortgage which varies with the lender's standard variable rate (SVR). At this point, a mortgagor can either opt to stay on the SVR mortgage or organise a new fixed rate. If they leave before the fixed term has elapsed, they face having to pay a very large early repayment charge.


Addiscombe is an area in South London in Croydon borough and is around 9 miles south of London's centre. It is located very close to Croydon - just to its north-east and benefits from the extensive shopping and transport links therein.

Attractions include the East India Company Military Academy (the buildings which remain of it), Addiscombe Railway Park and the shopping and entertainment facilities which accompany close proximity to Croydon.

CR0 7LA

Property Price Stats for Addiscombe


Average property price in Addiscombe £321,447
% Change compared to last year 10%
Population of Addiscombe 16,883 (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 >> Land-Registry

Mortgage Broker Addiscombe - Recently Completed

  • Addiscombe Rd, Croydon, Greater London CR0 7LA
  • Flat 4 Liberty Point 1a Blackhorse Lane Croydon Surrey CR0 6RT
  • 100 Montpellier Court, Kempton Walk, CR0 7XF
  • 1 Johns Terrace, Croydon CR0 6TD Croydon
  • 47 Chepstow Rise, Croydon CR0 5LX

Local High Street Banks in Addiscombe

Mortgage Broker in and around Addiscombe

Our Addiscombe mortgage broker can help you with your mortgage app;lication locally or in any of the surrounding areas including Selhurst, East Croydon, Lloyd Park, South Croydon, Woodside, Hackbridge and Monks Orchard.

Which banks are local to you?


  • Barclays - 341 Lower Addiscombe Rd, Addiscombe, Croydon CR0 6RG
  • Santander - 263 Lower Addiscombe Rd, Croydon CR9 6EU
  • Natwest - 209-213 Lower Addiscombe Rd, Croydon CR0 6RB

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

Addiscombe Mortgage Broker Insider Tips

Instruct a solicitor even before your offer has been accepted.

If you instruct a solicitor at the earliest possible time, once your offer on a Addiscombe property is accepted, you will be ready to get things underway and the seller will see how intent you are on purchasing their property. 

By being organised you are indicating to the seller that you should be able to complete in good time and the process will be as smooth as possible, thereby potentially increasing your chance of success.

Click to get your FREE Fixed Fee Conveyancing Solicitors Quote* *Fixed Fee – No Sale No Fee – On all Major Lender Panels
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