Our Mortgage Broker Guide to getting a mortgage in Feltham
The mortgage application process has 4 stages regardless of which mortgage lender you use:
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Mortgage Broker Tip 1 | Mortgage Broker Tip 2 |
Stay living in one placeEver wonder why you get asked, “Have you lived at this address for longer than 3 years?” If you haven’t been registered at one address for a long period of time this will affect your credit rating because a mortgage lender wants to know where you live. If you keep moving, this shows a lack of stability and inconsistency increasing your risk profile.
Stay put and register everything you have to at this one address. Show a stable living and continuous residential address and your credit score will go up. | Capped MortgageCapped mortgages give security to a mortgagor in that mortgage repayments cannot rise above a certain rate. They are a type of variable rate mortgage and although they cannot vary upwards (in repayment costs) beyond a certain point, payments are allowed to fall when the index itself falls.
Mortgagors can therefore benefit from the surety that they won't have to pay out more than a certain agreed monthly sum but also from any fall in the underlying index (such as the Bank of England base rate). |
Feltham, located around 14 miles west south west of Central London, has all the advantages of a modern urban area (shopping, restaurants, pubs and nightlife) as well as many beautiful green spaces. Rugby fans can also watch matches at the nearby - and world famous - stadium in Twickenham. Other attractions include the Hampton & Kempton Waterworks Railway which is found on Snakey Lane in Hanworth and the large Cineworld complex for cinema goers.