Buying your new home can be a very exciting time for you and your family.It is important that you enjoy this process and consider all of your requirements. Some people are fortunate enough to be able to buy their new home without the need for a mortgage, unfortunately though, most of us need some mortgage support.
My experience over many years has shown me that a buyer approaching an estate agent with formal mortgage approval is generally more likely to have a realistic offer accepted by a vendor. You need to place yourself in the estate agents shoes and understand that they will want to qualify you and your finances before being confident in your proposed offer to buy. They have an obligation to the vendor to ensure that you are “good for the money”. Although gaining formal approval on your mortgage before visiting the estate agents is not entirely essential as in reality a mortgage approval can be obtained very easily and very quickly too, especially when using an adviser from Richards and Jones estate agents. If you did go ahead and try to obtain an approval without getting whole of market mortgage advice it will be very unlikely that you have found the best deal available. You may also get a decline from the lender you have chosen yourself due to not fitting their criteria. Our independent adviser will be able to provide you with free impartial advice whether you buy a property from us or not.
Our next blog will guide you through the process itself.
For more information please check out our website at www.comparethemortgagemarket.com or give us a cake at the office on 0208 1231337
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