YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP REPAYMENTS ON YOUR MORTGAGE
So what is a mortgage?
A mortgage is money borrowed from a lender in the form of a loan, which is usually repaid over an agreed period of time.
Choosing to buy a home is likely to be the biggest purchase you’ll ever make, which is why we stand alongside our clients from the free initial no obligation appointment through to the day you get your keys.
Going into banks and building societies can be daunting and sometimes feel intimidating, at Move Financial we want you to feel relaxed and at ease, soon you’ll realise our sole aim is to provide you with professional advice and an extremely effective ‘no nonsense’ service.
So what does that entail…?
Before looking for properties, you need to find out what you can afford to borrow. We conduct a thorough overview of your financial position in our FIRST appointment. This means we can advise you of the most cost-effective solution for your needs from the beginning.
And unlike banks, building societies and other brokers Move Financial offer appointments at hours to suit you, including late night and weekends.
Our knowledge of the local market means we can help locate your dream home and negotiate on your behalf.
What we will discuss:
- How much you need to borrow
- How much deposit you have
- What you can afford to repay each month
- When you’d like to pay it off by (mortgage term)
We can obtain a pre-approval (Agreement in Principal) mortgage for you – You need this AIP in order to make proceedable offers on a property. Estate agents will not put your offer forward to a vendor (seller) unless you have this already
Once you have found a property –
We submit your application. We liaise with your lender, estate agent and solicitor right through until the day you get the keys.
Each of our advisers have a dedicated case manager who works alongside them, so if you ever need to speak someone who knows about your purchase they are available 7 days a week.
Our initial mortgage advice is free, but there will be a fee for our implementation of your mortgage application. Our fees are split in to two instalments:
The first payment is due after:
- We had one/two appointments with you
- We have fully completed our market research
- We have fully assessed your financial situation
- We have obtained you an AIP
- You have found a property and had an offer accepted
- We have found you a solicitor
- We have fully packaged a file ready to submit to the lender
The second payment is due after we have:
- Secured your product with the lender
- Sent all required documents to the lender
- Liaised with your estate agent to confirm the valuation date
- If needed – advised you on a renegotiation dependant on the results of your property valuation
- Received your mortgage offer and confirmed you are happy with it!
‘The exact fee will be confirmed to you in a Key Facts Illustration prior to your commitment to proceed, but will typically be £600. You will be informed of the exact amount in an Authority To Proceed document prior to committing to proceed. We will also be paid by commission from the lender’
But our services don’t end there –
Unlike most banks, building societies and mortgage intermediaries our service doesn’t stop when you have received your mortgage offer.
As a Move Financial client, we keep track of your purchase with weekly updates from your solicitor.
We are on hand 7 days a week if you have any issues or niggles, perhaps your lender has sent you a letter and you aren’t sure of the meaning? You are wholly encouraged to phone us or drop into one of our 4 offices to ease your mind. The original good advice you received at the outset doesn’t stop when your mortgage deal is done!
For a quotation enter your name, your income and deposit details below and we will help you get the process started.