Our Mortgage Broker Guide to getting a mortgage in Blackwater
The mortgage application process has 4 stages regardless of which mortgage lender you use:
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Mortgage Broker Tip 1 | Mortgage Broker Tip 2 |
Get your name on a utility bill if it isn't alreadyUtility bills such as gas and water bills count as credit and if you make the correct payments at the right time for them, this will increase your credit score.
You may already be contributing responsibly to joint household bills, but unless your name is officially on a bill, it won't give you the chance to give a positive uplift to your score. | Interest-only MortgageWith an interest-only mortgage, your monthly payments are purely directed towards paying off the interest on your loan. You are expected to pay off the capital yourself using another investment vehicle. The interest payment does not decline during the mortgage term, unlike for a repayment mortgage so although payments are initially cheaper than for repayment mortgages, they never reduce.
Interest-only mortgages are now purely the preserve of commercial clients including those looking to buy to let. You cannot take out this kind of mortgage if you a purely residential customer. |
Blackwater is a town in Hart district in Hampshire, close to the borders of Berkshire and Surrey. A landmark is the White Hart Parade of shops and offices to the west of Blackwater station. It is a popular commuter town and the nearest town in Hampshire to London.
By road, the A30 runs through the town and the M3 and M25 are close by. Blackwater railway station is on the line connecting Reading and Gatwick Airport/Redhill, and a change at either Guildford or Reading allows access to trains to London Waterloo (with fast services to London Paddington from Reading).