Our Mortgage Broker Guide to getting a mortgage in Maldon
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 |
Constant change of address can decrease your credit scoreRegularly moving house can have a negative effect on your credit rating. You will often be asked “Have you lived at this address for longer than 3 years?” and if you haven’t your credit score can decrease.
Stay put and register everything you have to at this one address. Show a stable living and continuous residential address and your credit score will go up. | Capped rate mortgageCapped rate mortgages are variable rate mortgages with the difference being the interest rate can only increase so much. The rate can both increase and decrease, but only increase to a certain level.
The maximum increase tends to be high, so ensure you can definitely afford the maximum rate before opting for this type of mortgage. |
Maldon is a quaint seaside town situated 10 miles east of Chelmsford, 23 road miles north of Southend-on-Sea and 16 miles south of Braintree. Its county is Essex and is within the Maldon District which is a local government district within the county.
Maldon is largely known for its productivity of salt since 1882 and the salt is sold under the name ‘Maldon Sea Salt’.
The Hythe Quay is home to some of the largest cargo vessels in the world that still operate under sail. These vessels, known as the Thames sailing barges, are now mainly used for education and leisure.