You’ve seen the house or flat that you’d like to turn into your next home. It’s a large 3 bedroom detached house on the outskirts of Cardiff, with a spacious garden, ample parking and close to Roath Park. Or it’s a 2 bedroom apartment in Cardiff Bay overlooking the wharf, ideal for carefree city living and summer nights sitting on the balcony in the sunshine. Wherever or whatever the property, you know that it is ideal for you.
You’ve decided that you want it but you don’t know quite how you’re going to get it. You have some savings put aside but you don’t understand how mortgages work and what you need to do to get one. You think you need help from a mortgage advisor.
You’ve bitten the bullet and you’ve called us at Total Mortgage Network. We’ve arranged your initial appointment to meet one of our mortgage advisors. So, what happens next?
At the initial meeting, your dedicated mortgage advisor will review your financial situation, they will find out more about you and your financial needs, they will explain the process to you and they will answer any questions that you have. They will also need to see evidence as proof of your circumstances. To help make your home purchase closer to being a reality, it can help if you are organised before the initial meeting.
Gather together all documentation that you need before your meeting – a list of documentation potentially needed is given below. Have it available to hand at the meeting – it will make it easier for you to answer the questions asked by our mortgage advisor. Having all the information in one place, will also give you a better understanding of your own financial situation before you meet with our mortgage advisor.
Once you’ve gathered together all of the evidence that you need, make a list of questions that you would like answered. This will help you at the meeting as it will help organise your thoughts. Think of it as a checklist or task list where items can be crossed off as they are addressed during the meeting.
Examples of the information that your mortgage advisor will need to see is as follows:
- Bank Statements – most recent three months
- Payslips (if employed) – last three months
- P60 – most recent
- Business Accounts (if self-employed) – last two years of accounts
- Proof of Identity – current passport or driving licence
- Proof of Address – most recent utility bill
As Mortgage Advisors, our job is to ensure that paperwork is completed and organised efficiently. We especially enjoy working with clients who are likeminded. Being organised, helps you to stay on top of your part to play in the mortgage process.
The smoother we can make the mortgage process, the closer you are to making the house on the outskirts of Cardiff, or the apartment overlooking the wharf at Cardiff Bay a reality.