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Our Mortgage Broker Guide to getting a mortgage in Wolverhampton

The mortgage application process has 4 stages regardless of which mortgage lender you use:

    1
    Approval/Decision in Principal (AIP/DIP)
    2
    Mortgage in Principal (MIP)
    3
    Mortgage Valuation
    4
    Mortgage Offer

Read about the full mortgage process here - What is the mortgage process?

Mortgage Broker Wolverhampton Tip 1
Top Mortgage Lenders

Mortgage Broker Tip 1

Mortgage BrokerTip 2

Read your credit report – is the information correct?

Many bad credit scores could be down to having incorrect information.
 
a)  Is your name correct?
b)  Is your address correct?
c)    Are there any mobile phone contracts still showing?
 
Any information that is incorrect will be affecting your credit score. Using the address details stored in your credit file, write to any company that has incorrect information about you.

Variable Rate Mortgage

These types of mortgages, also known as tracker mortgages and adjustable rate mortgages (ARM), involve repayments on the loan incurring an interest rate which is based on an index which reflects a lender's borrowing costs on the open market.

In the UK, the rate is normally a fixed figure added to the Bank of England's base rate. Each lender normally has a standard variable rate (SVR) based on this.


Wolverhampton is a city in the West Midlands, historically part of Staffordshire County. Landmarks include St Peter's Collegiate Church, The Chubb Building and Wolverhampton Art Gallery. Wolverhampton has excellent open spaces, parks and nature reserves to visit, such as Northycote Farm and Country Park, East Park and West Park.

WV1 2NX

Property Price Stats for Wolverhampton


Average property price in Wolverhampton £165,344
% Change compared to last year 5%
Population of Wolverhampton 249,470 (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 >> Land-Registry

Mortgage Broker Wolverhampton - Recently Completed

  • Essington Way, Wolverhampton, West Midlands WV1 2NX
  • 201 Trysull Rd, Wolverhampton, West Midlands WV3 7JP
  • 49 Chapel Ash, WOLVERHAMPTON, WV3 0TN
  • 97 Craddock Street, Wolverhampton, WV6 0QJ
  • 16 Cardiff Street, Wolverhampton, WV3 0EZ

Local High Street Banks in Wolverhampton

Mortgage Broker in and around Wolverhampton

Our Wolverhampton mortgage broker can help you with your mortgage app;lication locally or in any of the surrounding areas including Whitmore Reans, Fallings Park, Willenhall, Perton, Gospel End, Bilston and Wednesbury.

Which banks are local to you?


  • Barclays - Queen Square, Wolverhampton WV1 1DS
  • Lloyds - 28 High St, Wolverhampton WV6 8QT
  • The Co-operative Bank - 1-2 Dudley St, Wolverhampton WV1 3EN

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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.

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FREE mortgage consultations for Wolverhampton

Mortgage Brokers Wolverhampton offering free first consultation (terms apply).

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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

Independent Mortgage Broker

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.

Wolverhampton Mortgage Broker Insider Tips

Buying a home? Consider instructing a solicitor before anything else!

When you're looking to buy a home, it's a given that you'll be using a conveyancing solicitor (unless you're willing to risk a vast sum of money without the benefit of legal protection and expertise!).

Because the solicitor has to set up a file for you and you have to fill out forms and prove your ID/source of funds etc., the sooner you can do this, the more time you can save.

You do not have to have even picked out a property and made an offer at this stage! Ideally, you'll have applied for a mortgage and received a mortgage in principle, so you'll be in a position to look for houses within your budget range.

Matters like booking your mortgage valuation, booking a survey and getting searches can only occur once you've had an offer accepted, however instructing a solicitor is not dependent on this.

One advantage of this approach is that when it comes to putting in offers to vendors, telling them that you've already instructed your solicitor shows them that you're 'ready to go' and likely to be on the ball regarding the progress of any sale and a faster completion.

Click to get your FREE Fixed Fee Conveyancing Solicitors Quote
*Fixed Fee – No Sale No Fee – On all Major Lender Panels
Conveyancing Process
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.