Our Mortgage Broker Guide to getting a mortgage in Southall
The mortgage application process has 4 stages regardless of which mortgage lender you use:
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1
Approval/Decision in Principal (AIP/DIP)
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2
Mortgage in Principal (MIP)
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3
Mortgage Valuation
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4
Mortgage Offer
Read about the full mortgage process here - What is the mortgage process?
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Mortgage Broker Tip 1 |
Mortgage BrokerTip 2 |
Don't use unauthorised overdraft facilitiesIf you've set up an authorised overdraft facility with a bank, don't exceed your limit. Fees and interest charged on unauthorised overdrafts are generally extortionate and can damage your credit rating. You should either restrict your outgoings to keep within your limit or, if you have to, find a cheaper source of finance, such as a loan. |
Family Offset MortgageThese mortgages, which are a type of offset mortgage, typically involve family members placing their savings into an account linked the mortgagor's mortgage, and their savings interest is deducted from the mortgage interest, making the mortgage cheaper. The lender often requires that the savings are 'locked in' for some considerable time (can be many years) until, for example, 75% of the mortgage is paid off. During this time, the family members cannot use the savings interest as income at all – it is tied in to being deducted from the mortgage. |
Southall is a district of West London in Ealing Borough. It has a vibrant community with an ethnically diverse population. It is around 10 miles west of Central London.
Southall's main high street has many boutiques, selling diverse goods and there are many cafes and restaurants. It hosts the Gurdwara Sri Guru Singh Sabha, revered among Sikhs, and it has the charming Norwood Green enclave, which has a village feel and an excellent pub in The Plough.
Southall's main high street has many boutiques, selling diverse goods and there are many cafes and restaurants. It hosts the Gurdwara Sri Guru Singh Sabha, revered among Sikhs, and it has the charming Norwood Green enclave, which has a village feel and an excellent pub in The Plough.
UB1 1PY
Property Price Stats for Southall
| Average property price in Southall | £312,936 |
| % Change compared to last year | 11% |
| Population of Southall | 69,857 (2011) |
The property price data is sourced from ![]()
the Land Registry's UK House Price Index and you can view up to date property prices by clicking - Land Registry House Price Index >>
Mortgage Broker Southall - Recently Completed
- 14 Kingsbridge Road, Southall, UB2 5RT
- 40 Park View road, Southall, Middx, UB1 3HJ
- 13 Deck Court, The Boat Yard, Tentelow Lane, Southall Middx, UB2 4FD
- 5 Sangam Close, Southall, UB2 5JB
- 40 Lancaster Road, Southall, Middlesex, UB1 1NW
Local High Street Banks in Southall
Mortgage Broker in and around Southall
Our Southall mortgage broker can help you with your mortgage app;lication locally or in any of the surrounding areas including Hayes, Hanwell, Greenford, Norwood Green, North Hyde, Hayes and Dormer's Wells.
Which banks are local to you?
- Lloyds Bank Plc - 25 The Broadway, Southall UB1 1JT
- Metro Bank Plc - 8, Hayes Bridge Retail Park, Uxbridge Rd, Southall UB4 0RH
- Natwest Bank Plc - 69 The Broadway, Southall UB1 1LD
Access to the whole of the mortgage market
Appointments available today
Best first time buyer mortgage brokers
Information about Mortgages
Watch our video to find out how to organise your mortgage and funding for your purchase.
Click to access our online mortgage payment/repayment calculator (UK).
Whole Market Access
Our mortgage broker has access to the whole of the market as our home loan brokers aren't tied to any particular mortgage providers.
FREE mortgage consultations for Southall
Mortgage Brokers Southall offering free first consultation (terms apply).
Fast mortgage appointments
With no need for face to face meetings you'll be called on the same day by one of our mortgage specialist brokers to discuss your circumstances and can support complex applications for Help to Buy, Right to Buy and Shared Ownership mortgages
Impartial Mortgage Advice
You'll have access to the whole of the market as our mortgage brokers aren't tied to any one mortgage company.
Southall Mortgage Broker Insider Tips
Let your mortgage lender know if you are needing to work to a deadline.
- If you are using a mortgage to purchase your home in Southall and want to get completed quickly, your mortgage lender should be able to advise you on whether or not this is possible. This could influence your mortgage lender and the mortgage product itself.
- Taking a mortgage out can be a protracted process, especially since the Mortgage Market Review introduced greater restrictions, so it is important to get your valuation completed as soon as you can.
- This can be ordered via your bank or mortgage adviser and it can take around 2 weeks to receive the valuation.
- Please note the mortgage valuation and a building survey are two different things.
*Access to whole of the market – 100% Impartial advice – No need for face-to-face meeting
FREE Online Conveyancing Process for Buyers
Includes online checklists, videos, downloads and tips - plus it is completely free to use from start to finish and saves your progress along the way.
Copyright 2014-20. All Rights Reserved.
SAM Conveyancing is a trading name of Share a Mortgage Ltd registration No. 08798475. We are an Introducer Approved Representative with the Financial Conduct Authority registration No. 618350. SAM Conveyancing complies with the Solicitors' Code of Conduct 2011 published by the Solicitors Regulation Authority (SRA). Your home may be repossessed if you do not keep up repayments on your mortgage.