Our Mortgage Broker Guide to getting a mortgage in Perivale
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 |
Get a credit card – but use it responsiblyPeople who don't have credit cards tend to be regarded, all other things being equal, as a higher risk than someone who manages credit cards responsibly.
The key is to keep your credit to manageable levels, make your repayments on time and, to save yourself money, don't use your credit card as a cash card apart from in an emergency! | Tracker MortgageThese are a type of variable rate mortgage and the interest rate varies according to another interest rate which it tracks – most often this is the Bank of England base rate – and is a few per cent higher than this. The arrangement normally lasts for a set time period, most often between 2 and 5 years.
You benefit by having cheaper repayments if the tracked rate falls and lose out if this rate rises. You should investigate to see if your lender can increase the rate even if the underlying rate doesn't change. You should also be wary if there are large repayment charges if you choose to leave the product before the end of the fixed period. |
Perivale is a suburb is London's Ealing Borough (it was originally part of nearby Greenford), it can be found 9 miles west of the capital's centre. Perhaps its best known landmark is the art deco frontage of the Hoover Building.
Perivale is mainly residential, with some offices and shops. London Motorcycle Museum is nearby, for petrol heads who like two wheels(!) and you can also check out the Museum of Asian Music in the locale. Nearby Ealing hosts the Questors Theatre for those who like theatrical productions.