Our Mortgage Broker Guide to getting a mortgage in Havering
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 |
Get on the electoral roll – you're unlikely to get credit if notBeing on the electoral roll will not only improve your credit score but more importantly is normally necessary to be granted credit at all. If you're not on the roll, a credit agency's score might indicate that your credit rating is excellent, but in practice, you won't normally be granted credit if you apply because of fraud scoring, Lenders invariably use the electoral roll to check IDs and addresses. |
Repayment MortgageAll residential mortgages are repayment mortgages as opposed to interest-only mortgages. The mortgagor, typically over a 25-year time period, makes regular monthly payments which involve a portion being made to pay off the interest on the loan and a portion used to pay off some of the capital. The mortgagor, as time progresses, pays off an increasing amount of the capital. At the end of the term, assuming all repayments are made, the loan is fully paid off. Repayment mortgages have the advantage that you are developing a larger equity stake each month and this can make it easier to get a cheaper mortgage deal in the future. |
Havering is a London Borough in east London, just over 19 miles from the capital’s centre. The main town in the borough is Romford and the other main settlements are Upminster, Rainham and Hornchurch. The borough contains a mix of residential areas with high streets at their centre with a major retail and entertainment centre at Romford as well as a number of pleasant open spaces. Landmarks and attractions include the 18th century Langtons House and gardens and the Diver sculpture in Rainham.
RM1 4AP
Property Price Stats for Havering
| Average property price in Havering | £330,790 |
| % Change compared to last year | 14% |
| Population of Havering | 237,232 (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 Havering - Recently Completed
- 71 Portnoi Close, Romford, RM1 4AP
- 52 Doncaster Way, Upminster, RM14 2PL
- 120 Hall Lane, Upminster, RM14 1A
- 1 Brookside, Hornchurch, Essex, RM11 2RU
- 459 Rainham Road South, Dagenham, Essex, RM10 7XP
Local High Street Banks in Havering
Mortgage Broker in and around Havering
Our Havering mortgage broker can help you with your mortgage app;lication locally or in any of the surrounding areas including Dagenham, South Ockendon, Great Warley, Stapleford Abbotts, Lambourne End, Kirkburton and Erith.
Which banks are local to you?
- HSBC - 173 High St, Hornchurch RM11 3YS
- Barclays - 36/38 South Street, Romford RM1 1RH
- Nationwide - 56 South St, Romford RM1 1UP
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 Havering
Mortgage Brokers Havering 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.
Havering Mortgage Broker Insider Tips
The trick is to choose the right solicitor from the outset for your home move in Havering.
Yes, this may seem obvious, but it's not only the reviews that make a good solicitor. It is also the volume of work they have. If a solicitor is overworked, they will not be able to prioritise effectively, delays may be increased and your case may be overlooked.
A good solicitor is someone who keeps your best interest in mind at all times and who values high communication levels.
*Fixed Fee – No Sale No Fee – On all Major Lender Panels
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.