As we approach the end of the summer period and people return from their warm weather holidays abroad, Mortgages will have likely been the last thing on your mind. Who could blame you, we’d rather be sipping a Pina Colada in the sun and topping up the St Tropez tan too!
However, as the saying goes; all good things must come to an end. Perhaps the close of the summer season marks the next step in your life. Are you planning to buy a home, or maybe switch your existing mortgage?
If so, you may want to prepare yourself for answering a litany of mortgage related questions, but its all for a good reason as you embark on your next chapter.
To begin the process of how much a mortgage lender may offer you, the lender will look at your current income and outgoings. Focusing on, amongst other things, long term commitments to things like childcare, to ascertain whether you can afford an interest rate.
Standard questions about your name, date of birth and address will be asked, along with how many children you care for and their ages, when you expect to retire, and above all how much you earn and how – this will give the Mortgage Lender an idea of how your financial circumstances might change in the future.
You should also be asked about your utilities bills, insurance premiums, council tax, debts, even your housekeeping bills – these questions are classed as committed expenditure information.
Ultimately a lender wants to know that you can manage the repayments comfortably in a broad range of personal and national economic circumstances.
Liddle Perrett takes your whole circumstances into account to recommend a suitable product, and it’s that thorough, professional look at your finances that makes their advice so valuable.
We’re able to give you the peace of mind, your query will be dealt with promptly and without fuss, this is just one of the many benefits we can provide.
You’re only a small call away from getting your finances back on track with Liddle Perrett.
For Mortgage advice please contact:
David Liddle on 0345 894 8441 or firstname.lastname@example.org.
For Protection advice please contact:
Sarah Buckingham on 0345 894 8441 or email@example.com.
For General Insurance advice please contact:
Jade Topliss on 0345 894 8441 or firstname.lastname@example.org.
Your property may be repossessed if you do not keep up repayments on your mortgage.
This firm usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity.
Liddle Perrett Ltd is an Appointed Representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading name of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.