Questions and Answers

What do I need to do to get on the property ladder?

The best thing to do to get moving is to check your credit report, through either Experian, Equifax or Noddle and make sure that everything is OK on there.  You also need to know where your deposit is coming from, plus also know what credit commitments you have.  Then it’s a case of speaking to a qualified adviser to work out what we can achieve for you.

The estate agent says I need an agreement in principle, should I get one?

We thing it is worthwhile getting an agreement in principle before you look at places as you don’t want to find the dream home and then not be able to buy it.  Getting prepared and everything lined up, including your agreement in principle is going to put you head and shoulders above anyone else looking at the property.

How long are mortgage offers valid for?

For purchases, it is usually 6 months, and for remortgages, they used to be 3 months, but more and more lenders are providing remortgage offers for 6 months, so planning and securing rates can be done 6 months before the end of your current deal period.