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Our Mortgage Broker Guide to getting a mortgage in Downham

The mortgage application process has 4 stages regardless of which mortgage lender you use:

    1
    Approval/Decision in Principal (AIP/DIP)
    2
    Mortgage in Principal (MIP)
    3
    Mortgage Valuation
    4
    Mortgage Offer

Read about the full mortgage process here - What is the mortgage process?

Mortgage Broker Downham Tip 1
Top Mortgage Lenders

Mortgage Broker Tip 1

Mortgage BrokerTip 2

A bad credit rating can make borrowing expensive – keep it at a satisfactory level

One very good reason to keep up your credit rating, by making timely repayments etc., is that if your rating drops, you might find that you have to pay higher APRs on further credit and/or are offered reduced sums of money when you apply for them.

Guarantor Mortgage

Guarantor mortgages enable associates (most often family members) of a would-be home buyer to help the mortgagor's application for a mortgage by typically guaranteeing that the required loan repayments will be made.

In order to do this, the guarantor most often has offer their own property as collateral against the mortgaged property, so the risk is that they could lose their own home. However, if the mortgage applicant they help does make the right repayments, then the guarantor won't have to pay anything.


Downham is a suburb in the boroughs of both Lewisham and Bromley and is 8miles from Central London. The area had no houses in it before 1920. It has a very busy, self-contained town centre. Open spaces include Downham Fields and Beckenham Palace Park. Downham Health & Leisure Centre is a very popular local place to keep fit. There are numerous diversions 'on your doorstep' if you live in the area; one being to take a visit to the Royal Observatory Greenwich, which dates from the 18th century and is on the Prime Meridian. It now houses a museum with a planetarium.

BR1 5HR

Property Price Stats for Downham


Average property price in Downham £287,750
% Change compared to last year 15%
Population of Downham 14,567 (2011)


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 >> Land-Registry

Mortgage Broker Downham - Recently Completed

  • Warren Avenue, Bromley, Kent, BR1 4BS
  • Cranaford, 101 Foxgrove Rd, Beckenham, Kent, BR1 3QJ
  • 27, Wanstead Close, Bromley, KENT BR1 3BN
  • Flat D, 223–225 High Street, Bromley, BR1 1NZ
  • Flat 1, 199 Widmore Road, BR1 2RG

Local High Street Banks in Downham

Mortgage Broker in and around Downham

Our Downham mortgage broker can help you with your mortgage app;lication locally or in any of the surrounding areas including Grove Park, Beckenham, Shortlands, Bickley, Bellingham, Yeading and Penge.

Which banks are local to you?


  • HSBC - 184 High St, Bromley BR1 1HE
  • Lloyds - 6-8 Market Square, Bromley BR1 1NA
  • Natwest - 143 High St, Bromley BR1 1JH

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Mortgage Brokers Downham offering free first consultation (terms apply).

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You'll have access to the whole of the market as our mortgage brokers aren't tied to any one mortgage company.

Downham Mortgage Broker Insider Tips

If you're buying, getting a structural assessment (Building Survey) of your property in Downham from a RICS Surveyor is key and can save you £1,000s by highlighting defects that can be shared or negotiated with the seller. 

All too often buyers choose to not get a Building Survey thinking that their Mortgage Valuation will cover them for this. Sadly the mortgage valuation doesn't highlight structural defects or risks.

Once you realise this and then choose to get a Building Survey you may find that you are pushed to get this done in time for exchange of contracts because you have waited so long. This is especially annoying as your conveyancing solicitor needs some of the information from the survey to complete your legal work.

The best advice for fast conveyancing in Downham is to book your Building Survey at the same time as you instruct your conveyancing solicitor

Surveyors are in high demand at the moment and bookings can often take 7 to 10 days and then the report 3 to 5 days after that so the sooner you book, the quicker you'll know if there are any defects with you property - plus you'll be set for a fast conveyancing completion!

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