Our Mortgage Broker Guide to getting a mortgage in Cambridgeshire
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 |
You can get an online credit report freeBefore you apply for a large loan, you should definitely find out how lenders are likely to view you for credit risk.
Remember that getting turned down for a loan negatively impacts your credit score. Also remember that there are 3 credit reference agencies that lenders check with; it's worth finding out how all 3 view you because they work out their scores differently. | Offset MortgageOffset mortgages can be fixed or variable rate, and involve a linked savings account where any interest which accrues is used to offset against the interest on the mortgage loan, making repayments cheaper.
You should always check the rates which accompany these mortgages to see how competitive they are and bear in mind that you will no longer be able to benefit from any income which comes about from the savings account. |
Cambridgeshire is a county in the East Anglian area of England. Counties bordering it are Northamptonshire, Lincolnshire, Hertfordshire, Norfolk, Suffolk, Essex, and Bedfordshire. Cambridge city is the county town. The county has existed from 1974 from the then counties of Cambridgeshire and Isle of Ely and Huntingdon and Peterborough. Silicon Fen, the name given to an area containing many high-tech businesses focused on electronics, software and biotechnology is mainly located in the county and particularly around Cambridge itself. Among many attractions in the county are Ely Cathedral, Nene Valley Railway and Hamerton Zoo Park.