Before you start your property search, it’s vital to understand what you can borrow. Many people just use online mortgage calculators or a basic multiple of salary. They then start viewing properties that are too expensive or beneath their budget.
Mortgage providers consider several factors to determine how much they can lend, so it’s crucial to seek proper mortgage advice. But who should you turn to?
You could speak to your bank, but they can only offer you their products. That’s why we recommend going to a mortgage broker in the first instance.
Introducing Steve Ellis from our sister company, WeLocate Finance.
Steve will search a comprehensive range of lenders on your behalf, matching your unique circumstances to the providers that can offer you the best deal.
Once you’ve decided who to choose, he will be able to arrange an Agreement in Principle (AIP), which states what you can borrow. This will be accepted by most estate agents as proof of funds when you eventually make an offer on a property.
Don’t skip this step in your excitement to start viewing – having an AIP will put you at the front of the queue when making offers. All estate agents will ask for it, and some won’t let you view a property without one.
Don’t skip this step in your excitement to start viewing – having an AIP will put you at the front of the queue when making offers. All estate agents will ask for it, and some won’t let you view a property without one.
Book an appointment with Steve by clicking the button below.
Book Mortgage AppointmentWeLocate Finance is a trading name of WeLocate Finance Ltd firm, registered in England at Britannic House 657 Liverpool Road Irlam, Manchester, Lancashire, England, M44 5XD (number 10598606). Welocate Finance Ltd is an appointed representative of Primis Mortgage Network, a trading name of Advance Mortgage which is authorised and regulated by the Financial Conduct Authority (FRN 305008) for mortgage and non-investment insurance advice. The Financial Conduct Authority does not regulate most Buy to Let Mortgages.