What is involved in an initial consultation?

We will arrange an initial consultation at a time to suit you. This meeting is informal, free of charge and is really an opportunity for us to get to know one another; to understand how I can support you and what you would like do.

What is a Decision in Principle?

A Decision in Principle is a document obtained from a mortgage lender offering you, in principle, a mortgage. As supporting documents, such as your payslips, have not been provided to the lender at this stage, that is why it is ‘in principle’.

Whilst you do not have to have a Decision in Principle, if you are looking to make an offer on a property, I would advise you to have one. This is because the estate agent/sales advisor you are working with will want proof of your ability to proceed. And together with your proof of deposit, a Decision in Principle does just that.

What are the fees I need to consider?

If you are looking to purchase a property for the first time, you will need to allocate a portion of funds for a valuation, mortgage broker fee, legal fees and stamp duty. If you are moving home, you will also need to factor in your estate agent’s fee.

I will talk to you in more depth around this during our initial consultation.

Once my application has been approved, what next?

Once you have received a mortgage offer from your lender, a copy will be sent to you and a copy to your solicitor. Your solicitor will then be looking to take the mortgage offer to legal completion, where the mortgage funds are drawn down and you get the keys to your new home!

The time it takes to get to legal completion can vary. This is largely due to any searches or enquiries your solicitor needs to make, as well as the number of people linked to your purchase, known as your ‘chain’.

Rest assured, I will be guiding you through the process and will always be available for any queries you may have.