Our Mortgage Broker Guide to getting a mortgage in Okehampton
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 |
No credit history? Take out a small loan and repay it completelyIf you've no credit history, your credit score will not be excellent because you'll have no track record of paying back a loan correctly. So you might want to take out a small loan – with small repayment amounts – and pay the loan back on time.
Once you've paid back the loan successfully, this will be reflected in an uplift in your credit score. | Discounted Variable Rate MortgageThese mortgages are variable rate mortgages and involve a discount from the lender's standard variable rate (SVR).
You gain from the discount but because the rate can vary, you risk it rising to a level which you can't sustain in terms of repayments. The discount often lasts for a fixed period during which you can only leave subject to a substantial early repayment charge. |
Okehampton is a pleasant town in Devon on the edge of Dartmoor. It was originally founded by the Saxons and is named after the Ockment, a river which runs through the town. IT grew up in conjunction with the medieval wool trade.
Landmarks and attractions in the area include the Dartmoor National Park, Okehampton Castle, the Museum of Dartmoor Life, High Willhays, Finch Foundry, the Dartmoor Railway, the Granite Way and Simmons Park.