Our Mortgage Broker Guide to getting a mortgage in Old Woking
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 |
Reduce any debt you are inSeems obvious of course – and always easier said than done – but this will do much more for you than simply improving your credit score.
Stop using credit cards, find out all the accounts you have and determine exactly what you owe on each one and what you're being charged in terms of interest etc. Create a payment plane which directs your finances towards repaying debt on the highest interest accounts but always covering all your minimum payments. | No Deposit MortgageNo deposit mortgages enable you to get a 100% loan to value ratio on your mortgage, i.e. the lender grants you a mortgage which covers the seller's full purchase price with no deposit required from you.
These mortgages normally work by requiring an associate of yours (often a family member) to leave some money in an account for a set period of time with the account being controlled during that time by the lender. If you default on your repayments, the lender has recourse to the money in the linked account, which the associate risks losing. Another method is requiring an associate to put up their house as security in case you default.
Interest rates on these products are likely to be higher than normal. Click on No Deposit Mortgages to find out more. |
Old Woking, in Surrey County, was the original settlement of the town and borough of Woking. It is a village with many historic buildings, including St Peters Church, which dates back to the 12th Century.
Nearby Woking provides many amenties, shopping, restaurants etc. By road, the A3 is around 2miles away and the nearest train station is in Woking (gives access to London). Worplesdon Station, slightly further to Old Woking's south, is on the direct line going to Portsmouth.