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Mortgage Broker Tip 1 |
Mortgage BrokerTip 2 |
Don't make multiple applications for creditIf you apply for lots of credit then every company you apply to will check your credit file. This could indicate that you are desperate for money and will have an impact on your credit score. Banks and building societies even check your credit score when you open a bank account. Don’t worry, checking your credit score through Experian, Equifax or CallCredit will not affect your credit score. |
95% mortgagesAs a rule, 95% mortgages are those which offer a 95% loan to value ratio (LVR) i.e. a lender grants you a loan of 95% of the purchase price of the house you're looking to buy. Because the standard deposit is 10%, 95% is clearly a larger LTV than normal and you can expect to pay higher interest rates than normal on your mortgage.
You should bear in mind also that if house prices decline just 6%, you will technically be in negative equity; this is more acceptable if you're intending to stay put for a number of years (you might 'ride out' the price fall until prices rise again) but if you're intending to move again in the shorter term, you face selling your house for a lower price than you bought it for. |
| Average property price in Brent | £434,383 |
| % Change compared to last year | 15% |
| Population of Brent | 255,500 (2001) |
Our mortgage broker has access to the whole of the market as our home loan brokers aren't tied to any particular mortgage providers.
Mortgage Brokers Brent offering free first consultation (terms apply).
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
You'll have access to the whole of the market as our mortgage brokers aren't tied to any one mortgage company.
