Mortgage offer issued in 24 hours!

In a market known for intense underwriting and rigorous checks on a client’s affordability it has been proven that we can get clients a mortgage offer in a matter of hours, and we are talking about on a property purchase!

This month, from our Cambridge based office, we have seen a mortgage offer issued by a high street lender in just 24 hours for a first time buyer.

Further to that we had a second mortgage offer in less than 48 hours!

Both achievements are testament to not just correctly advising our clients but ensuring we take the time to package a case correctly and then efficiently getting this over to a lender  – it is all about getting it “right first time”.

A typical mortgage offer would be expected to take a couple of weeks from the date we submit this to a lender whilst we await both an underwriter’s time to assess the documents and then a surveyor to carry out the mortgage valuation report.

To get 2 offers in the space of 48 hours is testament to a combination of a few factors:

  • Submission of the application efficiently through knowing and understanding our client.
  • Utilising a lender’s resources and having a strong communication pathway between lender and broker.

It doesn’t stop there, as we have a strong back-office administration team further client support is offered by way of regular lender, solicitor and protection provider updates to follow the transaction through to completion.

If you are a first time buyer, looking to mortgage or  remortgage then don’t hesitate to drop us a line to book a no obligation consultation.

Posted in First Time Buyers, Mortgages, Remortgaging

Top Tips for Millennial First Time Buyers

Buying your first house in today’s property climate is no easy task, but it is certainly a rewarding one. Millennials don’t have it all on a plate, and it takes a lot of determination, not to mention giving up those sacred avocado toasts ;). Whilst you might see buying your first home as a long way off, it’s never too early to begin preparing. You can look into different schemes which might help you to get your foot on the ladder earlier than expected, and it’s good to know exactly what buying a house entails. Know where you stand, and if the dream of buying a house is actually closer than you may think!

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Posted in First Time Buyers

Recent Changes To Stamp Duty Could Make Life Easier For 1st Time Buyers!

This week has seen changes to the UK budget that could make pathways to home ownership for 1st time buyers better than we’ve seen for a long time. As always we were given a few tit-bits of information prior to the budget being officially released by Chancellor Phillip Hammond and these leaks made us hopeful that this time around the Government was going to aim to tackle the ongoing housing issues that have blighted this country for years.

The younger generation have in recent decades become dismayed that the prospect of being able to get onto the property ladder has become an unachievable dream for them. This year, massive changes to the key policy on Stamp Duty for First Time Buyers, could mean that home ownership becomes a very real possibility for many.

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Posted in First Time Buyers

Christmas is coming! Get your mortgage now!

Yep, we’ve said it. Christmas will be here before you know it and just as now is the time to start planning your presents, it’s also the time to get cracking if you really want to be eating turkey in your new abode.

December 25th represents a significant deadline for some people. Spending the festive season in a new home is a driving factor for many people who are moving at this time of year, and we typically see the numbers of properties being sold rising at this time of year.

So, if you’re dreaming of putting up your tree in your next home, is there anything you do to get moving now? If you’re prepared to fully focus on paperwork, be sensible about your pricing and get super organised your dream could become a reality, though it will depend on the market demand in your area.

Here’s some tips on speeding up your buying process, so you can toast the festive season in your brand new home.

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Posted in Mortgages