Our Mortgage Broker Guide to getting a mortgage in Birmingham
The mortgage application process has 4 stages regardless of which mortgage lender you use:
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1
Approval/Decision in Principal (AIP/DIP)
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2
Mortgage in Principal (MIP)
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3
Mortgage Valuation
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4
Mortgage Offer
Read about the full mortgage process here - What is the mortgage process?
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Mortgage Broker Tip 1 |
Mortgage BrokerTip 2 |
Be wary of fraudIdentity fraud is on the increase and can seriously damage your credit score. This is another reason to check your credit file regularly: in the searches section particularly, you should examine it to see if there's any which you don't recognise (double-check with the named lender). If you think you've become a victim of identity fraud, you should report this to Action Fraud. |
Help to Buy MortgageIf you take up the Government's Help to Buy Scheme to buy a New Build home, the Government provides up to 20% of the purchase price in the form of a repayable equity loan (up to 40% within the Greater London area) to add to your 5% deposit then you pay for the rest of the asking price via a Help to Buy Mortgage. This mortgage will therefore be for a maximum of 75% of the purchase price (55% in Greater London) and the maximum purchase price is £600,000. Want to find out more? Click on Help to Buy Mortgages |
Birmingham is the UK's second largest city and is in the West Midlands. It hosts the famous Bullring Centre complete with the statue of a bull. The city, where the first industrial steam machine was invented, hosts many museums,The Birmingham Art School and The Birmingham Philharmonic Orchestra.
The city hosts Spaghetti Junction, the interchange of the M6 and A38(M) and has two famous football teams, Birmingham City and Aston Villa. It has three universities; the University of Birmingham, Aston University and Birmingham City University.
The city hosts Spaghetti Junction, the interchange of the M6 and A38(M) and has two famous football teams, Birmingham City and Aston Villa. It has three universities; the University of Birmingham, Aston University and Birmingham City University.
Birmingham has a specialist online estate agent covering the conurbation called Love Your Postcode
B2 4AA
Property Price Stats for Birmingham
| Average property price in Birmingham | £168,062 |
| % Change compared to last year | 6% |
| Population of Birmingham | 1,101,000 (2014) |
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 Birmingham - Recently Completed
- 131 Whitehall Road, Birmingham, West Midlands, B9 5EN
- 297 Brandwood Park Road, Birmingham, B14 6QR
- Apartment 15, 36 Ryland Street, Birmingham, B16 8DB
- 4 Hartledon Road, Harborne, Birmingham, B17 0AD
- 21 Barton Lodge Road, Birmingham, West Midlands, B28 0RW
Local High Street Banks in Birmingham
Mortgage Broker in and around Birmingham
Our Birmingham mortgage broker can help you with your mortgage app;lication locally or in any of the surrounding areas including Smethwick, King's Heath, Walsall, Dudley, Sutton Coldfield, Lytchett Minster and Solihull.
Which banks are local to you?
- Barclays Bank Plc - 79-84 High St, Birmingham B4 7TE
- Lloyds Bank Plc - 131 Lea Village, Birmingham B33 9SH
- HSBC Bank Plc - 148 High St, Birmingham B17 9PN
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 Birmingham
Mortgage Brokers Birmingham 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.
Birmingham Mortgage Broker Insider Tips
Book your mortgage valuation as soon as you've had your offer accepted
If you're buying with a mortgage, you won't be able to complete unless the funds have come through to your solicitor. You have to apply for a mortgage, be accepted/get a mortgage in principle but then, once you've had an offer accepted, your mortgage lender has to value the property and only after this, assuming all goes to plan, do you get your mortgage offer with funds in readiness.
You can therefore minimise lost time by booking your mortgage valuation on the day you have an offer accepted. It may take around a week or so for the valuation survey to take place, then you have to allow for a few days to elapse before you have your offer. If you delay, the whole process slows down.
Additionally, if there's any issues, like your lender undervaluing your property or making you a conditional offer, there might be further delays.
*Access to whole of the market – 100% Impartial advice – No need for face-to-face meeting
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.