Do you know how mortgages work? We have a guide to mortgages which will help but there is no substitute for first-hand information - talk a Reeds Rains mortgage adviser. In the meantime, here’s a quick overview of the what to expect.
When you have an initial appointment with a Reeds Rains mortgage adviser they will review your needs, current circumstances, and look for a suitable mortgage deal for you from a lender.
Agreement in principle
They will help you apply for an agreement or mortgage decision in principle from the lender. (This is confirmation in writing of a lender's expression of intent to provide funding subject to certain conditions being met but it is not a formal mortgage offer.)
When you find a property and make an offer then you will need to make a full mortgage application to the lender. You can find out more in our guide to mortgages.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
This firm usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity.