Finding your dream home is usually the simplest part of the house buying process! Once you see somewhere you want to put in an offer for, youll want to move fast. It helps, therefore, to have your mortgage sorted before you find somewhere you want to buy.
You can choose a lender and mortgage, apply for the loan and get your mortgage approved on principle before you even start looking for a house. This means that you know what your budget will be and can be fairly certain that your mortgage will be accepted. The lender will still want to see the valuation survey, however, and there may be other checks that have to be completed before the deal is closed.
While most people used to take out their mortgage with a building society or bank, these days there are a number of other options to consider. Smaller, specialist mortgage providers can offer good deals and are sometimes more flexible about terms.
Banks and Building Societies
Since the market has become much more competitive, the larger finance houses have adapted their practice to become much more flexible with their mortgage deals. You will have the advantage of knowing that a reputable lender...