Our Mortgage Broker Guide to getting a mortgage in High Wycombe
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 |
Check your scores with all 3 credit reference agenciesThe 3 companies – CallCredit, Experian and Equifax – all use different methods to derive your score: you should therefore check all 3 to find out what points they've given you because you don't know which agencies a lender will check with. <>/div> The additional benefit is that credit reference agencies occasionally do make mistakes, for example keeping an address on file which has become obsolete. You should always work quickly to make mistakes as you may end up being unfairly penalised and this can spiral, with resolution becoming a complicated matter! | Standard Variable Rate MortgageA standard variable rate mortgage is one where the interest you pay on your mortgage loan to your lender is normally a few percentage points above the Bank of England base rate. The rate can vary, not only along with movements in the base rate but also because the lender decides to vary it.
If you have a standard variable rate mortgage, you'll have to ensure that you can make your repayments even if the rate changes against your favour and thus there Is an inherent uncertainty about this. You can, however, leave this kind of mortgage at any time without penalty and opt to take on, for example, a fixed rate mortgage or a discount mortgage. |
High Wycombe is in Buckinghamshire and is a large town 29 miles west north-west of Central London. It is an industrial and market town with plenty of residential housing and open spaces surrounding it.
You can visit the legendary Hellfire Caves (in Church Lane, West Wycombe), a network of man-made chalk and flint caverns which extend 500m underground, dug by hand in the 1700s and once a haunt of the Hellfire Club. Other attractions in the area include Hughendon Manor, the stately home of Benjamin Disraeli, and Wycombe Museum, a wonderful collection mainly concerned with local history.