Jamie Lennox - Mortgage Adviser - Dimora Marketing

How do I get a mortgage?

Buy to let

There are several steps to getting a mortgage in the UK:

Determine your budget: Before applying for a mortgage, it’s important to know how much you can afford to borrow and what your monthly repayments will be. This will help you narrow down your search for properties and ensure that you don’t overstretch yourself financially.

Check your credit score: Lenders will check your credit score when assessing your mortgage application. It’s a good idea to check your credit score yourself beforehand to see if there are any issues that need to be addressed.

Find a mortgage broker: Different lenders will offer different mortgage rates, so it’s important to compare different deals to find the best one for you. Look at the interest rate, fees, and any other charges associated with the mortgage.

Submit an application: Once you’ve found a mortgage that you’re happy with, you’ll need to submit an application to the lender. You’ll need to provide proof of income, proof of address, and other information as required by the lender.

Secure the mortgage: If your application is accepted, you’ll need to pay a deposit, usually 5% of the purchase price, to secure the mortgage. Once this has been done, you’ll be able to complete on the purchase of the property.

Completion: Once the lender has completed their checks and the sale has been agreed, the solicitor will transfer the mortgage funds to the seller and the property will be yours.

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The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

Dimora Mortgages Ltd (Company Number 13004223). Registered in England & Wales

Registered & Trading Address: 7 Hobart Drive, Little Plumstead, Norfolk, NR13 5FS

Dimora Mortgages Ltd is an appointed representative of PRIMIS Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority. (943407) 

Your home may be repossessed if you do not keep up repayments on your mortgage.

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