Our Mortgage Broker Guide to getting a mortgage in Westminster
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 |
Try not to use all of the possible credit available to youTo credit agencies, a person who has taken up all available credit can look overextended financially.
This can negatively affect a credit rating as the person will be regarded as statistically more likely to miss payments or make them late. | 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. |
Westminster used to be the capital of the Kingdom of England and is now the central shopping area for Central London as well as having numerous landmarks and attractions including the Palace of Westminster, Buckingham Palace, Westminster Abbey and Westminster Cathedral. Westminster Abbey actually was part of a royal palace originally created by Edward the Confessor. The name is synonymous with the Houses of Parliament, otherwise known as the Palace of Westminster.
It also contains the famous Westminster School, a public school which grew out of the abbey. It's bordered by Green Park to the north and the River Thames to the south. It contains a growing number of residential condominiums, particularly around Victoria occupied by wealthy inhabitants.