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Our Mortgage Broker Guide to getting a mortgage in Edgware

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 Edgware Tip 1
Top Mortgage Lenders

Mortgage Broker Tip 1

Mortgage BrokerTip 2

Checked one score? Check all 3!

Remember that in the UK there are 3 main credit reference agencies: Experian, Equifax and CallCredit. All 3 use different methods to produce a credit score and one or all may be consulted by a lender about your credit-worthiness.

It therefore makes more sense to check your score – and file – for all 3 so you have a complete picture of how your profile is viewed and can take any necessary steps to keep your credit score as high as you can.

Repayment Mortgage

You have to take out a repayment mortgage if you are a residential home buyer. You are granted a mortgage loan normally conditional on your saving a deposit of a minimum of 10% of the purchase price (in certain circumstances a lower percentage or even no deposit may be acceptable) and you commit to making regular monthly repayments over an agreed term, frequently 25 years, during which you pay back the loan.

For each payment you make, a portion of the money goes toward paying the interest on the loan and the rest goes towards paying down the capital. You accumulate more of the underlying capital over time so the interest element becomes less and the portion devoted to paying off the principal increases.

The biggest advantage of a repayment mortgage is that as long as you make all the payments, you can rest assured that at the end of the term you'll own the full equity of your property. This is not guaranteed to be the case with an interest-only mortgage; these mortgages are now only open to commercial customers.


Edgware is a district of north west London, in both the boroughs of Barnet and Harrow and is 10 miles north north-west of Central London. It is suburban but has rural aspects as well. It has a shopping centre (Broadwalk) and open spaces such as Edgwarebury Park. The Warner Brothers Studios are located in nearby Leavesden and there are excellent studio tours available, particularly regarding the Harry Potter films. The Royal Air Force Museum London is in nearby Colindale for those who like seeing aircraft-related exhibits./div>

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Property Price Stats for Edgware


Average property price in Edgware £431,216
% Change compared to last year 4%
Population of Edgware 16,602 (2012)


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 Edgware - Recently Completed

  • Edgwarebury Lane, Edgware, Middlesex, HA8 8QP
  • 11 Mowbray Road, Edgware, Middlesex, HA8 8JG
  • 92 Merlin Crescent, Edgware, Middlesex, HA8 6JD
  • Flat 27, Jupiter Court, Cameron Crescent, Edgware, Middlesex, HA8 0FN
  • 92 Merlin Crescent, Edgware, Middlesex, HA8 6JD

Local High Street Banks in Edgware

Mortgage Broker in and around Edgware

Our Edgware mortgage broker can help you with your mortgage app;lication locally or in any of the surrounding areas including Barnet, Mill Hill, Stanmore, Harrow, Finchley, Arkley and Borehamwood.

Which banks are local to you?


  • Metro Bank Plc - 1, The Mall, Station Rd, Edgware HA8 7BD
  • Lloyds Bank Plc - 105-109 Station Rd, Edgware HA8 7JL
  • Barclays Bank Plc - 126 Station Rd, Edgware HA8 7RY

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Edgware Mortgage Broker Insider Tips

Book your home buyers survey as soon as you have your offer accepted.

Getting a RICS home buyers survey is always recommended because you get an expert opinion on whether a property you want to buy has any defects which may give you grounds to bargain for a lower price with a vendor or even pull out.

Once you have instructed a RICS surveyor, it may take perhaps up to 10 days before they can carry out their inspection and then they may take five working days (or more) to get the report back to you. You should therefore keep delays to a minimum by booking your survey as soon as possible.

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