Are you buying a property or arranging a new mortgage on an existing property? The following step-by-step guide will show you how we work with you to make the process as simple and smooth as possible.
Mortgage Application Step by Step Guide
- We start by arranging an initial consultation to explore your requirements. We do not charge for this service and there is no obligation to arrange your mortgage through us.
- During this consultation we take detailed information from you which will allow us to assess how much you can borrow, which lender’s criteria matches your circumstances and the right products available to you.
- If you decide to proceed through us we can obtain an “agreement in principle” for you from your chosen lender where possible. An agreement in principle means the lender has carried out a credit check on you and based on the information provided you have passed the initial assessment.
- Once we have all of your paperwork we submit your mortgage application to the lender, so that they can fully assess your application.
- Whilst your application is being assessed we remain in contact with the lender to ensure they are processing the application as quickly as possible while answering any queries that may arise, keeping you updated at all times.
- If required we also update any third parties such as estate agents and solicitors on the progress of your application.
- When your mortgage offer is issued we check it for accuracy and notify you when you will receive it.
We have long term relationships with the majority of our clients and regularly review mortgage products via our client management system to ensure you always have access to competitive products throughout the term of your mortgage. We also notify you well in advance of any changes to your mortgage product.
Fortis has a wealth of experience through arranging hundreds of mortgages each year for all types of clients and circumstances so you can be assured of the best service.
Call us now or request a call back to discuss your unique mortgage requirements.
Buying a Home
Are you looking for a broker who will find you the right mortgage and handle the process in an efficient and timely manner? We advise you on the difference in costs of mortgage products depending on the level of deposit you have available. We also advise you on the costs involved in purchasing the property such as legal fees, stamp duty, survey and lenders fees. Conveyancing is not regulated by the Financial Conduct Authority.
Have you appointed a solicitor to handle the legal work for you? We have a panel of solicitors to provide a comparison based on their quality of service and competitive fees and can instruct on your behalf.
The lender will carry out their own valuation survey on the property. Depending on the age and condition of the property you may want to have your own Homebuyers Report or Building Survey completed. We can provide you with a cost comparison on the difference between instructing your own independent surveyor and using the lender’s surveyor. We can also recommend a local surveyor for you if you wish.
Are you purchasing a freehold property? You will need to have suitable buildings insurance in place and your solicitor will require evidence of this when you exchange contracts. We can provide competitive quotes and arrange cover from our panel of insurance providers and recommend that you start any life cover and/or mortgage protection plans on exchange of contracts. Again we can help you with this – Click here to read more on Insurance.
Call us now or request a call back to discuss how we can help you buy your next home.
Remortgaging an existing property
Is your current mortgage rate due to expire? We can provide a rate and cost comparison between what your existing lender will provide and what other lenders are offering. Usually the lender will provide free legal costs and free valuation surveys but they may charge a fee. If you are an existing customer we will contact you automatically as part of our Mortgage Review Service.
Do you need to raise funds for home improvements, investing in another property, want to purchase goods or consolidate other loans etc? Remortgaging can be a good option.
If you’re consolidating any unsecured debts, you need to be aware that more interest may be incurred over the longer term. We will provide a comparison of any difference in cost so you can make an informed decision.
Call us now or request a call back to discuss your re-mortgaging options.
Are you a first time landlord or do you already have an established property portfolio? We have been providing advice on buy-to-let mortgages since they first became readily available in the late 1990s.
If you’re looking to become a ‘first time landlord’ there are probably a lot of questions you need answers to. There are many specialist lenders who provide buy-to-let mortgages and lending criteria differs greatly. Seeking the advice of a mortgage broker is strongly recommended. We have an extensive knowledge of how to get the right deal depending on your circumstances.
During the initial consultation we answer all your questions and provide the information you need to make an informed choice on the product that’s right for your situation.
We also work with experienced landlords, and have a long and successful history in managing our clients’ mortgage needs whether they have one or two properties or a multi-million pound portfolio.
We can assist on either the purchase of new properties or remortgaging the existing properties to ensure you are constantly getting the right rates to help maximise your profits.
Call us now or request a call back to find a range of buy-to-let mortgages today.
As the name suggests these are mortgages for those who want to build their own property. Financing a self-build project isn’t as difficult as most people think. The main difference is that with a self-build mortgage the money is released in stages as the build progresses rather than as a single amount.
The stages can be fixed or flexible but there are usually five and these depend on the type of building work. We work with lenders who specialise in this area to ensure that you are in the hands of the experts in this field.
Call us now or request a call back and start the process of your self-build project.
Are you over 60 and looking to release equity from your home? Or have you got an interest only mortgage and no means to repay the loan at the end of the mortgage term? Rather than sell your home to pay the debt, equity release can help you keep your home until you no longer need it.
Equity Release or Lifetime Mortgages as they are sometimes known are like an ordinary mortgage except that you don’t have to make repayments every month. Instead, interest is deducted in one go when you die or sell your home. The amount that you can borrow depends on your age and the interest owing on the loan is rolled up throughout the term of the plan, thus increasing the debt.
Due to the very nature of these products the advice is very specialised so we refer any queries that we have in this area to our chosen partner who are the UK’s number one advice firm in the Equity Release sector. This is a lifetime mortgage/Home Reversion Plan. To understand the features and risks, ask for a personalised illustration.
Call us now or request a call back to find out how we can help you can release equity from your home.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.