What’s the whole process of arranging a mortgage?
Here is an overview of the track I follow to arrange any kind of mortgage…
We have an initial conversation to get an overview of your situation and requirements.
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I’ll email you my compliance information and a Fact-Find form for completion. (See my Initial Disclosure Document here )
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If you are happy to use me, I request a Client Agreement is signed to officially engage my services.
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You need to provide proof of ID, residence and income items.
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I research your case, speak to potential mortgage lenders and insurance companies to ensure an application will be successful.
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I make a ‘Decision in Principle’ application to the lender to obtain their lending decision. If accepted, I’ll progress the case. If declined, I go to the next lender on the list.
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I prepare all Key Fact Illustrations (Quotations) for Mortgage and Insurance Policies. I then determine my recommendations for your particular situation.
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I fully discuss my recommendations with you.
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If you are happy, I prepare all documentation needed for Mortgage and Insurance applications. (At this point, you can stop the process without paying the broker fee.)
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I complete all application forms (Mortgage and Insurances), either online or by paper application in conjunction with you. (At this point, the broker fee is payable.)
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I complete the ‘reasons for recommendation report’, and send it to you.
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Ongoing regular contact with the mortgage lender, insurance companies, solicitors, estate agents. I’ll keep you informed with regular update information as it happens.
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Contracts are exchanged (and insurance policies put in force).
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Contracts are Completed. Client happy, gets keys or funds. Everyone’s happy!