Getting Mortgage Approved

Before you can buy a house you need mortgage approval. Getting yourself ready for mortgage approval can take a number of years as you work to save up money for your deposit, get rid of those old personal loans and manage your finances in a fashion that will meet the scrutiny of a lending officer.

The single most important issue is affordability and the most important person to satisfy in this regard is yourself.

The next most important matter is location.


The basic steps of mortgage approval
 The steps to obtain approval are as follows:
  • Mortgages are not for everyone!. More are more people around the world ,especially in big cities where property is very expensive, are choosing to rent instead, As our rental sector becomes more developed over the coming years, we will follow this international trend.
  • But owning a home is part of our culture and it will stay that way for a long time to come. 
  • Use our site to establish is you are likely to get mortgage approval
  • If the answer is yes, make a decision whether to buy or not and compare the costs and freedom of rental with the benefits of home ownership and a mortgage.
  • Check if there are properties in an area you like that you can afford
  • If you are ready we would be delighted to look after you and get you the best mortgage deal on the market.
Approval is needed before you can make an offer on a house
Before a seller or his agent will accept an offer you will need formal approval in principle.This means that you will have had to supply us with all the necessary supporting information so that we can complete our detailed assessment of your file which in turn we will present and recommend to the best lender.

Approval in principle while not a formal loan offer is an important letter.
It is a letter from a lender indicating that on the basis of the information presented to them, they would consider offering facilities up to a certain level to you
..

If a lender offers this letter without you having provided a full file of information to them, it is likely to be of little value in terms of securing a property.
However this soft approval in principle can be helpful as it may indicate certain conditions that should be met in order to secure full approval in principle.


Documentation required

The link below outlines our terms of business and various documents required to gain approval.
The sooner you assemble the documents on the checklist and get your employers to complete the salary certs,the sooner we can meet you and get you approved!  
Information requirements for mortgage approval 

Why get approval now?

We strongly recommend having loan approval in place so that you are ready to move when opportunities arise.