What is the process of applying for a mortgage loan?

3 posts Page 1 of 1

narose864

Posts: 1
Joined: Mon May 16, 2022 4:28 pm

Post by narose864 » Sat May 21, 2022 11:47 am
What is the process of applying for a mortgage loan?

Foggy

User avatar
Posts: 33395
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sat May 21, 2022 11:58 am
The fine details vary from lender to lender, but, basically they will assess your income to make sure the loan is affordable. They will also assess the property upon which the loan is to be secured, for value and condition and to make sure it fits with any other criteria they have.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

luluj

User avatar
Forum Expert
Posts: 11335
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom

Post by luluj » Sun May 22, 2022 5:19 am
If you are in, or have finished an iva recently you might find it beneficial to approach a specialist lender through a brokering service. The forum has two experts in this field that are recommended

Ryan
memberlist.php?mode=viewprofile&u=18488

Shaun
memberlist.php?mode=viewprofile&u=22837
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
3 posts Page 1 of 1
Return to “mortgages”