Our Mortgage Broker Guide to getting a mortgage in Brent
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 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. |
>Brent is a London Borough and is 8 miles from the capital's centre. Major areas within it are Kilburn, Wembley and Harlesden. The most known landmark in Brent is Wembley Stadium, with its majestic arch. There is also the beautiful Hindu Temple in Neasden - (Shri Swaminarayan Mandir). There are many shopping areas, such as in Harlesden and many open spaces such as Roe Green Park.
NW10 8QD
Property Price Stats for Brent
| Average property price in Brent | £434,383 |
| % Change compared to last year | 15% |
| Population of Brent | 255,500 (2001) |
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 Brent - Recently Completed
- Greyhound Road, Kensal Green, London, NW10 5QG
- 75b Bathurst Gardens, Kensal Rise, London NW10 5JH
- 32 Burrows Road, Kensal Green, London NW10 5SG
- Greenfield Court, 63 Pound Ln, Willesden, London NW10 2HH
- 14 Lancaster Road, Dollis Hill, London, NW10 1HA
Local High Street Banks in Brent
Mortgage Broker in and around Brent
Our Brent mortgage broker can help you with your mortgage app;lication locally or in any of the surrounding areas including Stonebridge, Willesden, Harrow, Barnet, Ealing, Sherborne St John and Hammersmith.
Which banks are local to you?
- Santander Bank Plc - 93 High St, London NW10 4NX
- Barclays Bank Plc - 55 Bridge Rd, Wembley HA9 9AH
- Natwest Bank Plc - 5 Central Circus, Hendon, London NW4 3LA
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 Brent
Mortgage Brokers Brent 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.
Brent Mortgage Broker Insider Tips
Get together all the required official paperwork you'll need for your conveyancing..
- For ID purposes, you'll normally require an up-to-date passport and/or driving licence with a current home address.
- You'll need to provide proof of funds; as an employee, you'll need at least the last 3 months' payslips and a P60; if you're self-employed, you'll need your SA302 from HMRC (you need to allow for a time lapse if you have to order this) or accounts covering the last 3 years.
- If you're selling, you need any relevant documents detailing planning consents or building regulation approval and any guarantees for works or fittings and things like boiler safety certificates..
*Fixed Fee – No Sale No Fee – On all Major Lender Panels
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.