Our Mortgage Broker Guide to getting a mortgage in Dorset
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 |
Disassociate from previous partners with poor credit ratingsBeing financially associated with someone with a poor credit rating lowers yours in turn. If you've split up, you should ensure that credit agencies know about the split.
You do this by filling out a disassociation form: do this for each of the 3 main credit reference agencies. | Offset MortgageWith any form of offset mortgage the applicant normally has a linked account which bears interest and this interest is offset against the interest payable on their mortgage loan, making repayments cost less.
The flip side is that interest rates charged on these mortgages may be higher than normal and, of course, the income from interest on the linked account can no longer be used for any other purpose. |
Dorset, which is also known by the name Dorsetshire, is a mainly rural county located in the south west of England on the English Channel coast. It has many seaside resorts of which Bournemouth is probably the most famous. The ceremonial county comprises the non-metropolitan county, which is governed by Dorset County Council, and the unitary authority areas of Poole and Bournemouth.
Dorset borders Devon to the west, Somerset to the north-west, Wiltshire to the north-east, and Hampshire to the east. The county town is Dorchester which is in the south. Bournemouth has a much larger population than Dorchester. The Sandbanks area of Bournemouth is extremely affluent and land values there are some of the highest in the UK. Poole Harbour is the largest natural harbour in Britain and was formed during the ice ages.