Our Mortgage Broker Guide to getting a mortgage in Folkestone
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 |
Remove financial links to old partnersThis applied to both life partners and business partners: your credit rating can decrease because of the suspect credit history of someone you have previously had shared accounts or finances with. Write to your credit reference agency and ask for a notice of disassociation. |
Interest-only MortgageThis type of mortgage is purely directed at paying off the interest on your loan. You pay off the capital yourself using another investment vehicle and your monthly repayments are to pay off the interest. For a repayment mortgage the interest can decrease, however with this type the interest rates never reduce. However initially your payments are lower than that of a repayment mortgage. Interest-only mortgages are now purely the preserve of commercial clients such as those buying to let. This type of mortgage is not for residential customers. |
Folkestone is a coastal town on the English Channel in Kent. It is situated 20 miles south of Canterbury, 18 miles southeast of Ashford and 60 miles southwest of Margate. The town is on the southern edge of the North Downs in a valley between two cliffs. It is thought that the town has been occupied since the Mesolithic era.
Landmarks in the town include its harbour, that has greatly diminished in use since the opening of the Channel Tunnel. The harbour is now famous for the ‘Harbour Arm’ that has cafes, pubs and live music. The cliffs around the beach are also a notable sight within the town with the Martello Tower standing on them. There are a couple of famous landmarks outside the town: The Battle of Britain Memorial and the Kent Battle of Britain museum. The latter is the oldest Battle of Britain museum in the United Kingdom.
CT20 1AA
Property Price Stats for Folkestone
| Average property price in Folkestone | £233,990 |
| % Change compared to last year | 5% |
| Population of Folkestone | 46,698 (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 Folkestone - Recently Completed
- Sandgate High Street, Sandgate, Folkstone, CT20 3BD
- East Cliff, Folkstone, CT19 6BU
- Bouverie Pl, Folkestone CT20 1AA
- Dover Rd, Folkestone CT20 1LA
- Cheriton High St, Folkestone CT19 4ET
Local High Street Banks in Folkestone
Mortgage Broker in and around Folkestone
Our Folkestone mortgage broker can help you with your mortgage app;lication locally or in any of the surrounding areas including Capel-le-Ferne, Newington, Hawkinge, Paddlesworth, Hythe, Beachborough and Pedlinge.
Which banks are local to you?
- Lloyds Bank - 43 Sandgate Rd, Folkestone CT20 1RZ
- NatWest Bank - Europa House, 49 Sandgate Rd, Folkestone CT20 1RU
- Barclays Bank - 67 Sandgate Rd, Folkestone CT20 1RY
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 Folkestone
Mortgage Brokers Folkestone 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.
Folkestone Mortgage Broker Insider Tips
Order your property searches on instruction when moving home in Folkestone.
- Searches, especially from the local authority, can take some time to come back. This can mean that you are all ready for exchange but do not want to proceed because you have not had your search results back.
- Being organised and booking searches early can mean you get this essential information as early as possible and can make a good, informed decision about whether or not to continue with the purchase.
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.