Our Mortgage Broker Guide to getting a mortgage in Middlesex
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 |
Don't take up more than half of the credit available to youAs a general rule, you should not take up more than half the credit available to you on, say, a credit card because it will negatively impact your credit score.
When you take up more than 50% of the credit offered to you, lenders start to view you as overextended and therefore more likely to default on a debt repayment or to make a payment late in future. They therefore downgrade your credit score accordingly, making any future potential borrowing more expensive or worse, any future applications for credit less likely to be successful. | Help to Buy Mortgage A Help to Buy mortgage is required to cover the rest of the purchase price of a New Build you're looking to buy within the scheme which involves you having to produce a minimum 5% deposit and for which the Government provides an equity loan (repayable) of up to 20% (up to 40% for London Help to Buy) of the purchase price of the property.
The Help to Buy mortgage you require is therefore likely to be for a maximum loan to value (LTV) of 75% (55% for London Help to Buy) of the purchase price of the property. This is a lower LTV ratio than for standard mortgages, leaving you less exposed.
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Although Middlesex is no longer an administrative county, it is still often to be found as a postal direction on mail. It used to cover a very large part of London's area, including, for example, the boroughs of Camden, Hackney, Harrow, Hammersmith and Fulham, Islington, Kensington and Chelsea, Tower Hamlets, Hillingdon and the City of Westminster. The name itself derives, as many counties do, from Anglo Saxon times - it was the Middle Saxon kingdom.
Attractions in this diverse county are extremely diverse; you could visit Twickenham Stadium, the Mecca of the rugby world, for example, then you could climb Harrow Hill to overlook the world famous public school then you could go to Highgate Cemetery to visit the tomb of Karl Marx while contemplating a jaunt on Hampstead Heath...