Choosing a mortgage advice company

WHO SHOULD YOU ASK FOR MORTGAGE ADVICE? HOW MUCH CAN YOU BORROW? WHAT DOES THE APPLICATION PROCESS INVOLVE AND HOW MUCH PAPERWORK IS REQUIRED? HOW LONG WILL IT ALL TAKE? WHAT TYPE OF MORTGAGE IS BEST FOR YOU? AND WHAT ARE THE BENEFITS AND THE DRAWBACKS FOR EACH TYPE OF MORTGAGE?

As a first time buyer you are likely to be full of concerns and questions, so finding the right mortgage can feel like a huge task. We can answer all of your mortgage queries and guide you through the process of applying for a first time buyers mortgage.

Impartial mortgage company

As an impartial mortgage company, we are well placed to access the whole of the market – we are not restricted to one lender and we often have exclusive mortgage packages that our customers can’t get elsewhere.

We can help you work out the level of deposit required, the term you should go for (usually between 5 and 40 years), whether a fixed rate or tracker mortgage works best for you, and, we can walk you through the steps between applying and opening the front door to your first home.

WHAT’S INVOLVED IN THE MORTGAGE APPLICATION PROCESS?

It’s easy to feel overwhelmed but, by working with Stead Mortgages, you can take it step by step:

  1. Choose us, a mortgage advice company, and give yourself access to 1,000s of mortgage options
  2. Determine how much you can afford to borrow and how much deposit you have
  3. Get pre-approval with a mortgage lender so that you know how much you can offer
  4. Find the right home and make that offer
  5. Arrange the appropriate surveying package for the property
  6. Finalise your mortgage selection and apply to the lender
  7. Receive confirmation of the lender’s property valuation
  8. Complete the conveyancing process
  9. Receive confirmation that the mortgage amount has been transferred to the seller
  10. Enjoy your new home

It’s all starting to sound a lot less worrying, isn’t it? And that’s exactly how it feels to work with us. Each step is professionally handled and carefully planned. And, by choosing a qualified adviser you get an extra level of reassuring legal protection.

Get in touch

Useful links:
https://www.fca.org.uk/consumers/mortgage-advice

Please note:
Your home may be repossessed if you do not keep up repayments on your mortgage.
We are unable to provide advice on secured loans, bridging finance or commercial lending but if you require advice in any of these areas, we can put you in touch with a specialist firm.