If you require a mortgage to purchase your new home then you will need to make an appointment with your mortgage advisor or independent financial advisor straight away. The process of applying for a mortgage can take several weeks so don’t delay. For the appointment you will need to take along proof of identity, pay slips or a copy of your accounts if you are self-employed and details of previous mortgage or rental payments. An application form will need to be completed and signed and a valuation fee paid. Please note that the valuation is for loan purposes only and may not reflect the open market valuation of your home. Mortgage applications are only approved ‘in principle’ prior to being fully processed. Once processed, mortgages are then approved as appropriate and a full ‘Mortgage Offer’ is issued.
If you are to use your own monies either as a deposit or to purchase the property outright, you will need to arrange for those funds to be accessible. If notice is required on any longer term investments please give that notice in good time.