Our Mortgage Broker Guide to getting a mortgage in Portsmouth
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 hold and max out just one credit cardIf you're close to maxing out the credit on the only credit card you hold, you'll be less able to respond, e.g., to an emergency – you might suddenly, for example, need to pay a mechanic to fix your car. This is a good reason to hold at least one other unused credit card.
You may also protect your credit score better: people who max out a single credit card are often regarded as being more likely to miss future repayments. | Current Account MortgageCurrent account mortgages are a version of offset mortgage where your current account and mortgage are converted to one account. The idea is that when you get paid, the credit reduces your mortgage sum, so mortgage repayments become cheaper, however the more of your pay you use, the more that the repayments rise to 'normal' levels.
The more your account is in credit, the more capital you'll pay off. You can't normally access discounted rates with this kind of mortgage. |
Portsmouth is a large city in Hampshire on the South Coast. It was a hugely important naval port for many years and is home to HMS Victory and Mary Rose. It is mainly located on Portsea Island. The only bigger city in Hampshire is Southampton.
Among the many attractions are; Portsmouth Historic Dockyard at Victory Gate in the HM Naval base, where you can see HMS Victory, the Mary Rose and various museums; Southsea Castle in Clarence Esplanade, where you can view an artillery fort constructed by Henry VIII and Portsdown Hill, a long chalk ridge, which contains Fort Southwick. Portsmouth has a number of higher education establishments including the University of Portsmouth, Highbury College and the University of Portsmouth Business School