Our Mortgage Broker Guide to getting a mortgage in Eastbourne
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 Tip 1 |
Mortgage BrokerTip 2 |
A bad credit rating can lead to expensive borrowingIf your credit rating drops you pay have to pay higher APRs on further credit. You also could be offered a reduced sum when you apply for it. Just make timely repayments and look at ways to keep your credit score high or even increase it! |
Fixed Rate MortgageThe fixed element of this type of mortgage is the interest rate. The advantage of this is, as the mortgagor, you know exactly what has to be repaid each month. Any sudden changes in the Bank of England base rate will not affect your mortgage repayments. In general, the period your mortgage has a fixed rate is two, three, five or ten years. When this period is over, typically mortgages revert to a variable rate mortgage, where the interest rate can go up or down, and hence so do your repayments. When the fixed rate term ends, you can apply for another fixed rate contract. |
Eastbourne is a seaside town in East Sussex situated 31 miles south of Royal Tunbridge Wells and 24 miles east of Brighton. There is evidence that the town has been inhabited since the stone age, despite it feeling like a new town as a lot of the town is modern. It is a large tourist town with popular landmarks being Beachy Head cliff and Eastbourne Pier.
There a number of churches in the town including the medieval parish church of St Mary in Old Town and St Saviours and St Peters. The latter is a notable landmark due to its redbrick architecture.
BN22 7RH
Property Price Stats for Eastbourne
| Average property price in Eastbourne | £264,498 |
| % Change compared to last year | 4% |
| Population of Eastbourne | 103,054 (2016) |
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 Eastbourne - Recently Completed
- Sheffield Park Way, Stone Cross, Eastbourne, East Sussex, BN23 8LA
- Seaside Road, Eastbourne, BN21 3PL
- Upperton Gardens, Eastbourne, BN21 2AH
- Willowfield Road, Eastbourne, East Sussex BN22 8AX
- Melbourne Road, Eastbourne, BN22 8BA
Local High Street Banks in Eastbourne
Mortgage Broker in and around Eastbourne
Our Eastbourne mortgage broker can help you with your mortgage app;lication locally or in any of the surrounding areas including Friston, Stone Cross, Polegate, Pevensey, Exceat, Alfriston and Jevington.
Which banks are local to you?
- Barclays Bank - 54-56 Kingfisher Dr, Eastbourne BN23 7RS
- TSB Bank - 76 Terminus Rd, Eastbourne BN21 3LX
- HSBC - 94 Terminus Rd, Eastbourne BN21 3ND
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 Eastbourne
Mortgage Brokers Eastbourne 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.
Eastbourne Mortgage Broker Insider Tips
Book your mortgage valuation as soon as you've had your offer accepted
If you're buying with a mortgage, you won't be able to complete unless the funds have come through to your solicitor. You have to apply for a mortgage, be accepted/get a mortgage in principle but then, once you've had an offer accepted, your mortgage lender has to value the property and only after this, assuming all goes to plan, do you get your mortgage offer with funds in readiness.
You can therefore minimise lost time by booking your mortgage valuation on the day you have an offer accepted. It may take around a week or so for the valuation survey to take place, then you have to allow for a few days to elapse before you have your offer. If you delay, the whole process slows down.
Additionally, if there's any issues, like your lender undervaluing your property or making you a conditional offer, there might be further delays.
*Access to whole of the market – 100% Impartial advice – No need for face-to-face meeting
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.