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When you have made an offer on a property, or, before you can make an offer on a property the estate agent may ask for an Agreement in Principle (AIP). This is some assurance for the agent that you are able to afford the property and are likely to be able to get a mortgage. Ask About Mortgages have launched a 'Same Day Agreement in Principle' service so that buyers can quickly satisfy this r... Read more
This is the most common question that we are asked - of course when you're thinking of buying your first home or moving house you need to know how much you can borrow. Turning to an online calculator won't give you all the answers so we'd suggest you book a short online or face to face meeting with one of our brokers. An online calculator often won't take into account overtime or enhanced pay... Read more
There's no doubt that the housing market has changed this year, driven by the rise in mortgage interest rates and consumer uncertainty, house prices have started to fall but what does that mean for people looking to move house and upsize. These are the things you need to know when moving in today's market. 1. Upsizing in a price falling market should work in your favour. Let's do the sums ... Read more
What actually happens? The mortgage underwriting process is a key part of the mortgage application process. It is when the lender assesses the applicant’s ability to repay the loan, and decides whether or not to approve the loan. It can also vary depending on the lender. However, there are some general steps that are typically involved. Affordability assessment The first step is for... Read more
What you should know before you buy Thinking of buying a new home? Buying a property is likely to be the largest purchase you will ever make, and the decision on whether to opt for a leasehold versus freehold may well come down to your situation. If you’re looking to buy an apartment, it’s likely that you’ll be looking at a leasehold property. There are a number of factors to consider... Read more
