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
Consider booking your searches as soon as you have an offer accepted
If you're buying a property with a mortgage, your lender will normally expect you to book four standard property searches (local authority, environmental, chancel indemnity and drainage) and you are advised to get searches anyway so you have as much information on your property as possible.
Although you could choose to delay getting your searches to space out your conveyancing-related payments, you are more likely to save time on your conveyancing if you do not.
Your solicitor needs the information detailed in the searches as part of their extensive checks on the property you're looking to buy. As soon as they have this, the quicker they can carry these out and the sooner you'll be able to exchange contracts with the vendor, all going well.
Should you or the vendor choose to pull out of the sale for any reason, the searches can be sold on to any other prospective buyer of the property in question.
Click to find out more about property searches
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.