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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Mortgage Broker Tip 1 | Mortgage Broker Tip 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).