Impartial mortgage advice Leeds helps you to get the best mortgage
Posted by abigaylemark on August 1st, 2017
When you are searching for a mortgage broker Leeds the first criterion to match is their authenticity. They should be registered, unbiased and impartial. Their mortgage advice Leeds should come after thorough research on the whole market involving thousands of deals and then matched with your requirements to the Tee.
Leeds is the fastest growing city in the United Kingdom. With a population of more than three million and an economy of £56 billion, people naturally look forward to settle their after buying a home of their own. The city continues to develop in every respect and locating a property around is not at all difficult. Leeds Waterfront is one of the most popular areas in the city that is linked to the transport systems, has shops, bars and restaurants and offers a great view over the river. Finding a mortgage broker Leeds will be a wise decision because they would know ins and outs of the city and enrich you with their insight.
The broker will guide you to a wide range of lenders including building society so that you can find the right mortgage, which is not only appropriate for you but within your budget as well. There are some good building societies in Leeds that support Government-backed Right to Buy mortgage schemes. It is meant for those clients who are residing on the council property and wish to buy it.
You will have to contact your landlord to find out if you qualify for the scheme. There are Right to Buy lending available in Leeds at a discounted purchase price. In most of the cases, the building societies here will accept mortgage applications only from intermediaries that are providing an advised sales service. So, your advisor will ensure that you are eligible for the mortgage, inform you on its limitations, rules, benefits etc.
While providing mortgage advice Leeds, the broker will tell you on 2-year fixed rate and 5-year fixed rate options. You will also come to know the initial rate fixed for first two year; the SVR (standard variable rate) thereafter; overall cost for comparison or APRC; Maximum LTV or loan-to-value ratio and product fee (if any). These factors vary as per the maximum loan amount and your mortgage broker will clearly inform you these as well. For both the 2-year and 5-year mortgage, the society does not charge any product fee.
A mortgage broker Leeds will help you in finding the right product and also at the lowest cost. He or she will tell you the forms you need to submit and also help in getting these ready. For example, you would need Accountants Certificate, Criteria Guide, Direct Debit Mandate, Customer Declaration form for use of personal information, ID Proof and Address Checklist, Mortgage Application Form, etc. You would also get their mortgage advice Leeds for fulfilling the minimum submission requirements too and supporting documents to be furnished. The advantage of having a broker beside you is you would save time in the submitting the application and would be certain on its acceptance.Top Searches - Trending Searches - New Articles - Top Articles - Trending Articles - Featured Articles - Top Members
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