Our Mortgage Broker Guide to getting a mortgage in Clapham
The mortgage application process has 4 stages regardless of which mortgage lender you use:
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1
Approval/Decision in Principal (AIP/DIP)
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2
Mortgage in Principal (MIP)
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3
Mortgage Valuation
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4
Mortgage Offer
Read about the full mortgage process here - What is the mortgage process?
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Mortgage Broker Tip 1 |
Mortgage BrokerTip 2 |
Reduce any debt you are inSeems obvious of course – and always easier said than done – but this will do much more for you than simply improving your credit score. Stop using credit cards, find out all the accounts you have and determine exactly what you owe on each one and what you're being charged in terms of interest etc. Create a payment plane which directs your finances towards repaying debt on the highest interest accounts but always covering all your minimum payments. |
No Deposit MortgageNo deposit mortgages enable you to get a 100% loan to value ratio on your mortgage, i.e. the lender grants you a mortgage which covers the seller's full purchase price with no deposit required from you. These mortgages normally work by requiring an associate of yours (often a family member) to leave some money in an account for a set period of time with the account being controlled during that time by the lender. If you default on your repayments, the lender has recourse to the money in the linked account, which the associate risks losing. Another method is requiring an associate to put up their house as security in case you default. Interest rates on these products are likely to be higher than normal. Click on No Deposit Mortgages to find out more. |
Clapham is an affluent, district of Lambeth Borough in south-west London, 5 miles away from the city centre and is perennially desirable to home buyers. It is residential (with many Georgian and Victorian mansions) and has many independent shops, restaurants, gastropubs and Clapham Common is a great open space used for a variety of leisure pursuits. Other attractions are the Venn Street Market on Venn Street and Clapham Picture House (also on Venn Street).
SW11 6NP
Property Price Stats for Clapham
| Average property price in Clapham | £791,169 |
| % Change compared to last year | 7% |
| Population of Clapham | 40,850 |
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 Clapham - Recently Completed
- 5 Abbeville Road, Clapham, London, SW4 9LA
- 57 Orlando Road, Clapham, London, SW4 0LH
- St Alphonsus Road, Clapham, London, SW4 7AW
- Fitzwilliam Road, Clapham, London, SW4 0BW
- Brayburne Avenue, Clapham, London, SW4 0AA
Local High Street Banks in Clapham
Mortgage Broker in and around Clapham
Our Clapham mortgage broker can help you with your mortgage app;lication locally or in any of the surrounding areas including Wandsworth, Battersea, Brixton, Balham, Stockwell, Wandsworth and Earlsfield.
Which banks are local to you?
- HSBC Bank Plc - 73 Wandsworth High St, London SW18 2PT
- Nationwide Building Society - 48, Southside Shopping Centre, Garratt Ln, Wandsworth SW18 4TE
- Barclays Bank Plc - 7-11 St John's Hill, London SW11 1TR
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 Clapham
Mortgage Brokers Clapham 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.
Clapham Mortgage Broker Insider Tips
Buying a home? Consider instructing a solicitor before anything else!
When you're looking to buy a home, it's a given that you'll be using a conveyancing solicitor (unless you're willing to risk a vast sum of money without the benefit of legal protection and expertise!).
Because the solicitor has to set up a file for you and you have to fill out forms and prove your ID/source of funds etc., the sooner you can do this, the more time you can save.
You do not have to have even picked out a property and made an offer at this stage! Ideally, you'll have applied for a mortgage and received a mortgage in principle, so you'll be in a position to look for houses within your budget range.
Matters like booking your mortgage valuation, booking a survey and getting searches can only occur once you've had an offer accepted, however instructing a solicitor is not dependent on this.
One advantage of this approach is that when it comes to putting in offers to vendors, telling them that you've already instructed your solicitor shows them that you're 'ready to go' and likely to be on the ball regarding the progress of any sale and a faster completion.
*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.