If you're wanting to move home, you need reassurance that a mortgage will be available to you. Recent changes in the mortgage market means that you shouldn't take for granted that getting another mortgage will be simple and straightforward. You may even find that these changes mean your existing lender might not be willing to help. Your age, employment situation, credit history or the new, more stringent affordability calculations could mean you no longer fit their criteria.
Thankfully, not all lenders are the same and our experience, market knowledge and industry leading sourcing systems can quickly identify which lender might offer the best mortgage for you.
When you do find a house, to take your offer to buy seriously, the estate agent will need to know that you are in a position to buy and how much you are able to borrow.
Remember that the estate agent is working for the seller to get the best price they can for the property and it's not always the best idea to let them know your full financial situation. This might end up in you paying a higher price for the house than if you were able to negotiate more impartially - or even with you losing the house to someone the agent thinks might be in a better position than yourself.
It is important therefore than you speak to an experienced Mortgage Adviser at the earliest opportunity - don't leave it until you find a house.
We can offer you a free initial consultation to find out how much you can borrow and approach a lender for you to get a mortgage agreement in principle. Again this is at no cost and does not bind you to a particular lender if a better deal is available when you do actually need to make your full mortgage application.