Our Mortgage Broker Guide to getting a mortgage in Barnes
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 Tip 1 |
Mortgage BrokerTip 2 |
Remove old addresses/old accounts from your fileIf you have an account for, say, a mobile phone you don't use any more and it's linked to an old address, this can ruin a mortgage application due to ID checks. You must make sure old accounts are closed or have an up-to-date address. |
95% mortgageAs they sound, 95% mortgages involve a lender granting you a loan equal to 95% of the full purchase price of a home to enable you to buy it. You might look at these if you are looking to buy a property but do not have sufficient savings for a standard-sized deposit of 10% of the asking price. The downside is that you have to take out a larger mortgage, which is likely to be more expensive in terms of interest rate levied on the loan. Additionally, house prices need only fall 6% for you to find yourself in negative equity. |
Barnes is an affluent neighbourhood and suburb of Richmond upon Thames Borough in London, around 6 miles west south-west of the capital's centre and bordered by the River Thames to the north. It has many 18th and 19th century buildings. It is an area which the world famous annual varsity boatrace between Oxford and Cambridge on the River Thames passes through.
Landmarks include Bolan's Rock Shrine, which is the site of rock musician's fatal car crash, the Barnes Trail and Olympic Studios.
Landmarks include Bolan's Rock Shrine, which is the site of rock musician's fatal car crash, the Barnes Trail and Olympic Studios.
SW14 8PB
Property Price Stats for Barnes
| Average property price in Barnes | £1,394,805 |
| % Change compared to last year | 3% |
| Population of Barnes | 10,299 (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 >>
Mortgage Broker Barnes - Recently Completed
- 40 South Worple Way, Barnes, London SW14 8PB
- 97 Howards Lane, Barnes, London SW15 6NZ
- 30 Dryburgh Rd, London SW15 1BL
- 250 Castelnau, London SW13 9DH
- 411 Lonsdale Rd, London SW13 9EB
Local High Street Banks in Barnes
Mortgage Broker in and around Barnes
Our Barnes mortgage broker can help you with your mortgage app;lication locally or in any of the surrounding areas including Putney, Roehampton, Mortlake, Richmond, Hammersmith, Chiswick and Kew.
Which banks are local to you?
- Natwest - 149 Church Rd, Barnes, London SW13 9HS
- TSB Bank - 9 King St, London W6 9HR
- Santander - 36-37 King St, London W6 9HW
Access to the whole of the mortgage market
Appointments available today
Best first time buyer mortgage brokers
Information about Mortgages
Watch our video to find out how to organise your mortgage and funding for your purchase.
Click to access our online mortgage payment/repayment calculator (UK).
Whole Market Access
Our mortgage broker has access to the whole of the market as our home loan brokers aren't tied to any particular mortgage providers.
FREE mortgage consultations for Barnes
Mortgage Brokers Barnes offering free first consultation (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.
Barnes Mortgage Broker Insider Tips
Receiving a gifted deposit? Ensure that the donor/s have their IDs and proof of funds to hand.
When you instruct a solicitor to buy or sell a property, you need to give them proof of ID and address and proof of funds.
If you're being helped with deposit funds from family members etc., your solicitor will want to know who these people are and where their money in turn has come from and they will have to prepare a signed and witnessed gifted deposit declaration.
Ensuring that anyone gifting deposit funds to you has these items in readiness guards against unnecessary delays.
*Fixed Fee – No Sale No Fee – On all Major Lender Panels
FREE Online Conveyancing Process for Buyers
Includes online checklists, videos, downloads and tips - plus it is completely free to use from start to finish and saves your progress along the way.
Copyright 2014-20. All Rights Reserved.
SAM Conveyancing is a trading name of Share a Mortgage Ltd registration No. 08798475. We are an Introducer Approved Representative with the Financial Conduct Authority registration No. 618350. SAM Conveyancing complies with the Solicitors' Code of Conduct 2011 published by the Solicitors Regulation Authority (SRA). Your home may be repossessed if you do not keep up repayments on your mortgage.