Mortgage Broker Ely
Mortgage Broker Ely
Book your Free Mortgage Consultation today
There's no need to wait days to speak to a mortgage lender direct when you can get a FREE mortgage consultation with our Mortgage Advisor today who has access to the whole of the mortgage market and the best mortgage rates.
Our Mortgage Broker Guide to getting a mortgage in Ely
The mortgage application process has 4 stages regardless of which mortgage lender you use:
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1
Approval/Decision in Principal (AIP/DIP)
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2
Mortgage in Principal (MIP)
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3
Mortgage Valuation
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4
Mortgage Offer
Read about the full mortgage process here - What is the mortgage process?
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Mortgage Broker Tip 1 |
Mortgage BrokerTip 2 |
Don't take up more than half of the credit available to youAs a general rule, you should not take up more than half the credit available to you on, say, a credit card because it will negatively impact your credit score. When you take up more than 50% of the credit offered to you, lenders start to view you as overextended and therefore more likely to default on a debt repayment or to make a payment late in future. They therefore downgrade your credit score accordingly, making any future potential borrowing more expensive or worse, any future applications for credit less likely to be successful. |
Help to Buy Mortgage A Help to Buy mortgage is required to cover the rest of the purchase price of a New Build you're looking to buy within the scheme which involves you having to produce a minimum 5% deposit and for which the Government provides an equity loan (repayable) of up to 20% (up to 40% for London Help to Buy) of the purchase price of the property. The Help to Buy mortgage you require is therefore likely to be for a maximum loan to value (LTV) of 75% (55% for London Help to Buy) of the purchase price of the property. This is a lower LTV ratio than for standard mortgages, leaving you less exposed. Click to find out more about Help to Buy Mortgages |
Ely is a city in Cambridgeshire with a beautiful cathedral, around 80 miles from London. There are many listed buildings in the city and local attractions include St Mary's Vicarage (or 'Cromwell House' to locals), the Lamb Hotel and Roswell Pits, a picturesque wildlife reserve area which developed out of old clay - or gault - pits. Two of the pits are fishable for those who like angling.
CB6 1AQ
Property Price Stats for Ely
| Average property price in Ely | £279,322 |
| % Change compared to last year | 8% |
| Population of Ely | 20,256 (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 >>
Mortgage Broker Ely - Recently Completed
- Downham Rd, Ely, CB6 1AQ
- 4 Vineyard Way, Ely, CB7 4QQ
- 42 Prickwillow Road, Ely, Cambridgeshire, CB7 4QT
- 19 Bellairs, Sutton, Ely, CB6 2RW
- 19 Sutton Road, Witchford, Ely, Cambridgeshire, CB6 2HX
Local High Street Banks in Ely
Mortgage Broker in and around Ely
Our Ely mortgage broker can help you with your mortgage app;lication locally or in any of the surrounding areas including Little Thetford, Witchford, Little Downham, Soham, Littleport, Ansty and Wilburton.
Which banks are local to you?
- Lloyds - Minster Pl, Ely CB7 4EN
- HSBC - 5 Butter Market, Ely, Cambridgeshire CB7 4PA
- Barclays - 28 High St, Ely CB7 4FS
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 Ely
Mortgage Brokers Ely 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.
Ely Mortgage Broker Insider Tips
Let your mortgage lender know if you are needing to work to a deadline.
- If you are using a mortgage to purchase your home in Ely and want to get completed quickly, your mortgage lender should be able to advise you on whether or not this is possible. This could influence your mortgage lender and the mortgage product itself.
- Taking a mortgage out can be a protracted process, especially since the Mortgage Market Review introduced greater restrictions, so it is important to get your valuation completed as soon as you can.
- This can be ordered via your bank or mortgage adviser and it can take around 2 weeks to receive the valuation.
- Please note the mortgage valuation and a building survey are two different things.
*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.