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Our Mortgage Broker Guide to getting a mortgage in Bishop's Stortford

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 Bishop's Stortford Tip 1
Top Mortgage Lenders

Mortgage Broker Tip 1

Mortgage BrokerTip 2

Don't 'dive into' all the credit that's available to you!

Credit reference agencies tend to view people who take up all credit available to them as overextended financially.

People who are overextended financially are statistically more likely to default on credit repayments or to make payments late – it all translates into a lower credit score, which will make future credit applications less assured of being granted and any credit granted more expensive.

Mortgage Types

Mortgages can be examined in terms of whether they share one or more of the following characteristics (although the first two are 'either/or' choices):

  • Repayment or Interest-only
  • Fixed or variable rate
  • Offset
  • Help to Buy
  • 'Helper'

Residential mortgage applicants can only take out repayment mortgages whereas non-residential clients can also opt to take out interest-only mortgages.

Interest rates are either fixed for a period or track a particular rate, which always involves taking into account movements in the Bank of England's base rate. Offset mortgages look to offset interest made on savings against interest owed on a mortgage and thus make repayments cheaper.

Help to Buy mortgages are specific to the Government's Help to Buy scheme, in which you buy a New Build home from a Help to Buy agent, using an equity loan of up to 20% (40% for Help to Buy London) from the Government and a reduced (minimum 5%) deposit. They are smaller than normal in terms of loan to value ratios because they only have to cover up to 75% of the purchase price (up to 55% for Help to Buy London).

Helper mortgages describe mortgages where a mortgage applicant has the help of an associate (normally a close family member) in buying a home. The associate provides security that the loan will be paid back either by putting up their own home as collateral or by putting money into an account which the lender controls, which may not be able to touched for a number of years, or by devoting interest earned on a savings accounts to bring down the interest on the mortgage loan, making the mortgage cheaper to repay.


Bishop's Stortford is a market town with historical associations in East Hertfordshire District within Hertfordshire Council and lies around 27 miles north-east of Central London. It is the closest large town to Stanstead Airport which offers international and domestic flights. Local attractions include the Rhodes Art Complex, Anchor Street Entertainment and The Lemon Tree restaurant.

CM23 4EW

Property Price Stats for Bishop's Stortford


Average property price in Bishop's Stortford £370,982
% Change compared to last year 10%
Population of Bishop's Stortford 38,202 (2010)


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 Bishop's Stortford - Recently Completed

  • Greenhill Park, Bishop's Stortford, Hertfordshire CM23 4EW
  • 73 Larksway, Bishop's Stortford, Hertfordshire CM23 4DG
  • 36 Hockerill St, Bishop's Stortford, Hertfordshire CM23 2DW
  • 63 Waterside Place, Sawbridgeworth, Hertfordshire CM21 9RF
  • 6 New Street, Sawbridgeworth, Hertfordshire CM21 9BA

Local High Street Banks in Bishop's Stortford

Mortgage Broker in and around Bishop's Stortford

Our Bishop's Stortford mortgage broker can help you with your mortgage app;lication locally or in any of the surrounding areas including Stansted Mountfitchet, Birchanger, Bedlar's Green, Bury Green, Thorley, East Ham and Little Hallingbury.

Which banks are local to you?


  • Barclays - 10 North St, Bishop's Stortford CM23 2LH
  • Lloyds - 20 North St, Bishop's Stortford CM23 2LN
  • Natwest - 7 North St, Bishop's Stortford CM23 2LE

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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.

Bishop's Stortford Mortgage Broker Insider Tips

Ensure that you triple check all the information on your mortgage application!

if you make a mistake on a mortgage application form, it can slow down or even stop the process. 

Be careful to provide truthful and accurate information including your exact income and don't make elementary errors such as providing an inaccurate National Insurance Number!

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