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Our Mortgage Broker Guide to getting a mortgage in Merton

The mortgage application process has 4 stages regardless of which mortgage lender you use:

    1
    Approval/Decision in Principal (AIP/DIP)
    2
    Mortgage in Principal (MIP)
    3
    Mortgage Valuation
    4
    Mortgage Offer

Read about the full mortgage process here - What is the mortgage process?

Mortgage Broker Merton Tip 1
Top Mortgage Lenders

Mortgage Broker Tip 1

Mortgage BrokerTip 2

Read your credit report – is the information correct?

Many bad credit scores could be down to having incorrect information.
 
a)  Is your name correct?
b)  Is your address correct?
c)    Are there any mobile phone contracts still showing?
 
Any information that is incorrect will be affecting your credit score. Using the address details stored in your credit file, write to any company that has incorrect information about you.

Variable Rate Mortgage

These types of mortgages, also known as tracker mortgages and adjustable rate mortgages (ARM), involve repayments on the loan incurring an interest rate which is based on an index which reflects a lender's borrowing costs on the open market.

In the UK, the rate is normally a fixed figure added to the Bank of England's base rate. Each lender normally has a standard variable rate (SVR) based on this.


Merton is a London Borough, which was formed by joining the municipal boroughs of Mitcham, Wimbledon and Merton and Morden Urban District. Its main commercial areas are Morden, Mitcham and Wimbledon, which is the largest. Other smaller hubs include South Wimbledon, Wimbledon Park, Pollards Hill, Colliers Wood and Raynes Park

Merton hosts Merton Abbey Mills in Watermill Way, which is an alternative market in the former Liberty silk-printing works - an excellent place to visit on a weekend with a worldwide selection of cuisine choices. It also hosts Wandle Industrial Museum in London Road (Mitcham) which concentrates on the snuff & tobacco and textile industries.

SW18 5EF

Property Price Stats for Merton


Average property price in Merton £682,182
% Change compared to last year 9%
Population of Merton 201,400


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 >> Land-Registry

Mortgage Broker Merton - Recently Completed

  • Wellington Road, Merton, London, SW19 8EQ
  • 232a Merton Rd, Wimbledon, London, SW19 1EQ
  • 29 Allenswood, Albert Drive, Wimbledon, London, SW19 6JX
  • 171 Graham Road, London, SW19 3SL
  • 10 Graham Road, London SW19 3SR

Local High Street Banks in Merton

Mortgage Broker in and around Merton

Our Merton mortgage broker can help you with your mortgage app;lication locally or in any of the surrounding areas including Wimbledon, Mitcham, Sutton, Carshalton, Thornton Heath, Streatham and Tooting.

Which banks are local to you?


  • Barclays Bank Plc - 16-20 Morden Rd, London SW19 3BN
  • Lloyds Bank Plc - 94-96 High St, New Malden KT3 4EX
  • Natwest Bank Plc - 98 High St, Wimbledon, London SW19 5UA

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Our mortgage broker has access to the whole of the market as our home loan brokers aren't tied to any particular mortgage providers.

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Mortgage Brokers Merton offering free first consultation (terms apply).

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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

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You'll have access to the whole of the market as our mortgage brokers aren't tied to any one mortgage company.

Merton Mortgage Broker Insider Tips

Buying a home? Consider instructing a solicitor before anything else!

When you're looking to buy a home, it's a given that you'll be using a conveyancing solicitor (unless you're willing to risk a vast sum of money without the benefit of legal protection and expertise!).

Because the solicitor has to set up a file for you and you have to fill out forms and prove your ID/source of funds etc., the sooner you can do this, the more time you can save.

You do not have to have even picked out a property and made an offer at this stage! Ideally, you'll have applied for a mortgage and received a mortgage in principle, so you'll be in a position to look for houses within your budget range.

Matters like booking your mortgage valuation, booking a survey and getting searches can only occur once you've had an offer accepted, however instructing a solicitor is not dependent on this.

One advantage of this approach is that when it comes to putting in offers to vendors, telling them that you've already instructed your solicitor shows them that you're 'ready to go' and likely to be on the ball regarding the progress of any sale and a faster completion.

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Conveyancing Process
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.