Our Mortgage Broker Guide to getting a mortgage in Grove Park
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 |
Try not to use all of the possible credit available to youTo credit agencies, a person who has taken up all available credit can look overextended financially. This can negatively affect a credit rating as the person will be regarded as statistically more likely to miss payments or make them late. |
Capped Rate MortgageThese are a type of variable rate mortgage, based on a lender's standard variable rate (SVR), but one where the rate cannot become higher than an agreed level (and therefore the repayments more expensive). You can gain from these types of mortgages if the lender's SVR comes down, however you need to be sure that you have enough finance to make monthly repayments as high as the level of the cap, which may itself be set quite high. You often find also that the rate itself is generally higher than for other variable and fixed rate mortgages. |
Grove Park is a suburban area of south east London in the London Boroughs of Lewisham and Bromley. It is residential area with shopping parades. Open spaces around include Chinbrook Meadows and Foxes (aka Mottingham playing fields). For pub refreshment, the Summerfield Tavern is a sizable 19th century pub with a pool table.
SE12 0DZ
Property Price Stats for Grove Park
| Average property price in Grove Park | £348,601 |
| % Change compared to last year | 20% |
| Population of Grove Park | 14,648 (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 Grove Park - Recently Completed
- Flat 2, 23 Grove Park, London SE5 8LH
- 9 Pemberton, Albion Road, London, SE5 0AN
- Flat 29 Arments Court, 392 Albany Rd, Camberwell, SE5 0DF
- Flat 14 Weyhill House, Lowth Road, Camberwell, SE5 9HA
- 37 Mary Datchelor Close, Camberwell, London SE5 7AX
Local High Street Banks in Grove Park
Mortgage Broker in and around Grove Park
Our Grove Park mortgage broker can help you with your mortgage app;lication locally or in any of the surrounding areas including Mottingham, Lee, Horn Park, Hither Green, Bromley, Forest Hill and Downham.
Which banks are local to you?
- HSBC - 111 Eltham High St, London SE9 1PT
- TSB - 76 Eltham High St, London SE9 1BY
- Barclays - 16 Tranquil Vale, Blackheath, London SE3 0AX
Access to the whole of the mortgage market
Appointments available today
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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 Grove Park
Mortgage Brokers Grove Park 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.
Grove Park 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 Grove Park 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.