What to Expect From Your Mortgage Journey
Applying for a mortgage can seem like a daunting prospect – especially if you’re relatively new to the property game. But securing the right finance deal doesn’t need to be stressful.
The team here at We Do Mortgages have decades of combined experience in finding and securing competitive rates for customers looking to purchase residential properties of all types and sizes. We’ll guide you through the entire mortgage application process, taking the time to explain every step in laymen’s terms and doing everything in our power to ensure your paperwork is processed as quickly and efficiently as possible.
We might be big picture thinkers, but we’ll never skim over the fine details just to get a quick win. Our mortgage brokers will leave no stone unturned to ensure the deal you have chosen makes practical and financial sense, and your application to your preferred lender has the very best chance of success.
See how we can guide you through your mortgage application process below.
FIRST THINGS FIRST…
Before we can begin searching for a mortgage on your behalf, we need you to answer a few questions to help us determine how much you can afford to borrow and the kind of mortgage you’ll need to apply for.
- Where do you want to live?
- What kind of property do you want to live in?
- How much can you afford to put down as a deposit?
- Have you checked your credit report recently?
Book your consultation
Kick things off by having a chat with one of our mortgage brokers. It’s a great opportunity to discuss your finance requirements in more detail and get an understanding of what kind of mortgage product will best suit your needs.
It can often be helpful to talk to our advisors before attending any viewings, as you will have a better idea of the kinds of properties you can afford before you venture out into the market.
We’ll make sure everything is as it should be
After gathering all the necessary documents and paperwork – and confirming that everything’s in order – we’ll let you know exactly how much you can borrow. We’ll also offer you a free Agreement in Principle, which proves your eligibility for a loan to lenders.
Get in contact with a member of our team >
We’ll Find you a deal
Next, we will search a comprehensive range of first charge regulated mortgage contracts from over 65 lenders across the market to find the mortgage that ticks all your boxes. We’re not tied to any one lender, so we may consider smaller, more specialist providers as well as the big names and High Street banks.
Our brokers are members of the Sesame network, which means we have access to some of the most competitive products and services available.
We’ll help you get everything in place
At this point in the process, you will need to instruct a solicitor to handle the legal side of things. If you haven’t got anybody in mind, we can introduce you to one of our trusted partners.
Now is also the time to ask a surveyor to carry out a Homebuyer’s report on the property. This will confirm that it’s in a saleable condition and is worth the asking price. Your mortgage lender will usually want to carry out their own valuation survey, too.
Get in contact with a member of our team >
We’ll take your application to offer stage
Leave all the paperwork to us! Our advisors will present your case to your preferred mortgage provider, bringing together everything they need to make their decision.
It’s a nail-biting time for everyone, even those who have moved house or invested in properties multiple times – but we’ll be on hand to keep you calm and talk you through any challenges or setbacks that might arise.
Next, it’s time to look at your protection needs
Before your mortgage offer is accepted, and the contracts are exchanged, we’ll talk to you about your protection needs. We can source all mortgage protection products, from income protection insurance plans through to critical illness cover, and more.
Our dedicated team of in-house protection specialists will present you with a range of options and help you settle on the policy that best suits your circumstances.
Get in contact with a member of our team >
Let’s get you to completion!
Once your contract has been signed, all that’s left to do is wait for your completion date. Most purchases complete between 1-2 weeks after exchange, but this will very much depend on the vendor’s position, as well as when your solicitor will be available to complete the transaction and arrange all the necessary payments that need to take place before the property is legally yours.
In the run-up to completion, feel free to talk to our team about your plans for your new home. If you’re planning major works, we’ll happily refer you to our trusted builders, architects and other tradespeople. We’ve established great connections with many talented professionals over the years and we’re proud to work with a wide network of companies and individuals from across the UK.
Get in contact with a member of our team >
Get in Contact
Drop us your details to arrange your initial consultation with one of our mortgage brokers.