Our Mortgage Broker Guide to getting a mortgage in Barnsbury
The mortgage application process has 4 stages regardless of which mortgage lender you use:
| |
Mortgage Broker Tip 1 | Mortgage Broker Tip 2 |
Read your credit report – is the information correct?Many bad credit scores could be down to having incorrect information. a) Is your name correct? b) Is your address correct? c) Are there any mobile phone contracts still showing? Any information that is incorrect will be affecting your credit score. Using the address details stored in your credit file, write to any company that has incorrect information about you. | Variable Rate MortgageThese types of mortgages, also known as tracker mortgages and adjustable rate mortgages (ARM), involve repayments on the loan incurring an interest rate which is based on an index which reflects a lender's borrowing costs on the open market.
In the UK, the rate is normally a fixed figure added to the Bank of England's base rate. Each lender normally has a standard variable rate (SVR) based on this. |
Barnsbury is an area of North London in Islington Borough, about 4 miles north north-west of the centre of London. Its best known landmark is Pentonville Prison.
You are a stone's throw away here from the 02 Academy Islington, which is a great auditorium for hearing all kinds of contemporary music. You can also relax on a good day at Granary Square, which is North London's equivalent of Trafalgar Square, with water features and a great ambience.