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Mortgage Broker Tip 1 |
Mortgage BrokerTip 2 |
Defaults, Bankruptcy Orders and County Court Judgments (CCJs)These do affect your credit score negatively and can stay on your file for 6 years, but when this period has elapsed they no longer affect your score. You are well advised to wait until the time period has elapsed because if you apply for credit and are refused, this will further lower your credit score. |
Guarantor MortgageGuarantor mortgages involve a third party, normally a family member or close associate, agreeing to guarantee that a mortgage applicant will make the correct, timely repayments for a mortgage loan granted. The guarantee normally has to be backed up by the third party offering their own property as collateral or, for example, giving control of a large savings account to the lender. If the mortgagor defaults on repayments, then the lender can look to make up any shortfalls by extracting these from the third party, potentially putting the third party's home, or savings, at risk. If the mortgagor makes the correct repayments however, the guarantor will not lose anything and will not have to pay anything over. |
| Average property price in Effingham | £626,713 |
| % Change compared to last year | - 6% |
| Population of Effingham | 12,558 |
Our mortgage broker has access to the whole of the market as our home loan brokers aren't tied to any particular mortgage providers.
Mortgage Brokers Effingham offering free first consultation (terms apply).
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
You'll have access to the whole of the market as our mortgage brokers aren't tied to any one mortgage company.
