Mortgages - Frequently Asked Questions
- Minimum length of time with current employer?
- I've been declined elsewhere - can you still help?
- What is the maximum amount available to borrow?
- How long does it take for a decision?
- Local Authority Search?
Answers
- Minimum length of time with current employer?
It is usually expected that you will have been in continuous employment with your existing employer or a period of at least three months. However, if you are applying for a self certified mortgage or remortgage then this should not be an issue.
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- I've been declined elsewhere - can you still help?
Even if you have a poor credit record we should stil be able to help. So if you have ccjs, payment arrears, are a recently discharged bankrupt, are in an IVA or anything else, please rest assured that your situation is probably not as bad as you think.
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- What is the maximum amount available to borrow?
In some cases, up 125% of the loan to value amount can be provided, ranging from £10,000 up to over a million!
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- How long does it take for a decision?
In some cases, up 125% of the loan to value amount can be provided, ranging from £10,000 up to over a million!
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- Local Authority Search?
This is search performed by the buyer's solicitor where a search of local authority and other agencies (eg transport or water companies) is conducted. This is to help identify any future development plans, which may adversely affect the house.
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