Making Your Mortgage Application
60 views · Published 20 June 2017 · 1:56 · Indexed 30 October 2026
Channel: Life The Basic Manual · 2017 · Education
Lawrence Copeland, chartered surveyor and estate agent extraordinaire, describes what happens after your offer on a property has been accepted. In many ways, this is where the rubber hits the road. You may feel like the hard part was deciding on where to buy, and the actual property itself, but don’t heave a sigh of relief just yet. There’s still plenty to do before that house or flat becomes yours. If, like most first-time buyers, you are financing your purchase with a potential mortgage, then now is the time that you need to revisit an independent financial advisor, and fill in a mortgage application. This will require giving detailed information on the property in question, and may have specific questions about its history, such as its age, and whether or not it has ever been underpinned. There may be fees to pay at this point re. the application process. Once your independent financial advisor has submitted the application to your potential lender, the lender will probably have more checks of their own, such as credit references etc. Once that’s done, a surveyor will be instructed to carry out a survey to determine the property’s potential worth, and any issues that it may present. For more information on Lawrence’s work, please see https://lawrencecopeland.com SUBSCRIBE FOR MORE VIDEOS https://www.youtube.com/c/lifethebasicmanual?sub_confirmation=1 FIND LIFE THE BASIC MANUAL HERE http://lifethebasicmanual.com http://www.facebook.com/lifethebasicmanual http://instagram.com/lifethebasicmanual http://twitter.com/BasicManual
