Our Mortgage Broker Guide to getting a mortgage in Penzance
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 |
Destroy unused credit and store cardsIf you have access to too much available credit, even if you don't use it, this can ruin your credit score. The easiest solution is to cancel cards you don't need. You should never 'max out' a single credit or store card, though, so you should take a reasonable approach to this.
Bank accounts, on the other hand, which are long standing and have good credit histories, can benefit your credit score, so are normally best left open. | Cashback MortgageA lender gives you money back, normally a percentage of the loan, when you take out this type of mortgage, the idea being that you benefit from a lump sum which is helpful when you're moving home.
In many ways, this type of mortgage is purely a marketing incentive: before taking this type of mortgage out, you should carefully check the interest rate you will be charged and if you'll have to pay any additional fees to see if you're actually benefiting enough from the incentive. |
Penzance is the most westerly major town in Cornwall. Penzance is a historic port on the south facing shores of Mount’s Bay and has one of the mildest climates in the UK.
The town is 20 minutes from St Ives and regarded as less touristy; in the latter area many potential buyers have sought second homes rather than primary residences.
Within the town there is a variety of places to visit including St Michael’s Mount, Morrab Gardens and The Exchange Gallery.
Penzance’s Jubilee Pool, an art deco salt¬water lido, has been renovated. Chapel Street, known for its Egyptian House, is the centre of an artistic quarter where there is also a sculpture garden.
Penzance offers harbour boat trips, sea safaris and fishing excursions which provides some great seaborne activities.