Our Mortgage Broker Guide to getting a mortgage in Leyton
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 |
Don't just pay the minimum repayment on your credit cardWhile you should always pay at least the minimum monthly repayment on your credit card and on time, it's very worth paying more than this and doing so will boost your credit score. Lenders view paying off more than the monthly required minimum sum as evidence of good financial management and inform credit reference agencies accordingly. |
Capped MortgageCapped mortgages are variable rate mortgages and the cap comes into play if the rate rises and ensures that repayments cannot rise beyond a certain amount. If the rate falls, then repayments become less. If you are thinking of taking up a capped mortgage, you need to be sure that you are able to make payments should the rate rise to and stay at the level of the cap: if the cap is set too high, problems can occur as payments become too expensive to accommodate. Capped mortgages are normally capped for an agreed fixed term and if this is the case you can only leave if you pay a large early repayment charge. Once the fixed term has elapsed, the mortgage is normally converted to one which is variable with the lender's standard variable rate. From this point, there are no penalties for choosing to take up a mortgage of another type. |
Leyton, a predominantly residential area, is in East London, 6 miles north-east of the capital's centre and is a district in Waltham Forest Borough. It includes part of the Queen Elizabeth Olympic Park, which hosted London's 2012 Olympics. Brooks Farm in Skelton Lane Park offers a plethora of activities, many family-orientated; kids can interact with animals on the farm but there are also courses in subjects as diverse as T'ai Chi available.
E10 5PW
Property Price Stats for Leyton
| Average property price in Leyton | £384,774 |
| % Change compared to last year | 17% |
| Population of Leyton | 14,184 (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 Leyton - Recently Completed
- 111B Albert Road, Leyton, London, E10 6PA
- 4b Boscombe Avenue, London E10 6HY
- 43 Windsor Road, Leyton, London E10 5LP
- 6 Brewster Road, Leyton, London, E10 6RG
- 30 Malta Road, Leyton, London E10 7JT
Local High Street Banks in Leyton
Mortgage Broker in and around Leyton
Our Leyton mortgage broker can help you with your mortgage app;lication locally or in any of the surrounding areas including Walthamstow, Higham Hill, Leytonstone, Stratford, Homerton, Hackney and Chingford.
Which banks are local to you?
- Barclays Bank Plc - 618 Lea Bridge Rd, London E10 6AS
- Nationwide Building Society - 589 Lea Bridge Rd, Leyton, London E10 6BB
- HSBC Bank Plc - Westfield Stratford Cty, Leyton Rd, London E15 1AA
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 Leyton
Mortgage Brokers Leyton 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.
Leyton Mortgage Broker Insider Tips
Getting financial help towards your deposit from a family member?
To save yourself delays in the conveyancing process further down the line:
1 The family member must decide whether it's a gift or a loan.
2 If it's a gift, you must ensure that the person gifting fills out a gifted deposit letter with the correct information.
The correct information must be set down and the letter must be signed by witnesses. The giver will also have to provide ID and proof of funds. If the giver isn't a family member, you must tell your mortgage lender as this can sometimes cause issues.
For further information about these matters, including a useful template, please click on Gifted Deposit Letter
*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.