Enquiries on the up!

18/9/09 - Over the last week or so, enquiries for new mortgages and remortgages have increased substantially. Funnily enough, we’re receiving a lot of enquiries from customers who have been drawn to some recent bank’s ‘headline grabbing’ rates. Yet when they’ve applied for these amazing products, the lender has been very picky and for no clear reason, declined to lend! Sign of the times! However, we’re more than happy to be of assistance! When choosing who to speak to about your mortgage, ensure that the company you are talking to, whether it be a mortgage broker, or an Estate Agents in house mortgage adviser, has access to the ‘whole of market’ (such as AToM) and not just a fixed panel of lenders. If they do not have access to the whole of market, they may not be offering you the best deal available to meet your requirements (whatever the incentive given to put your mortgage business via their company).
Getting a mortgage through the lenders in the current climates is still challenging. One day it’s easy to get a case through, the next, it’s a nightmare! So whatever you do, try to not give lenders any excuses to decline your application or refuse to lend to you. Try to pay bills on time, don’t miss payments where possible and especially not mortgage payments! Any missed (or sometimes late) payments will be registered on your credit file and this is normally used as the basis of a decision to lend to you. Even Insurance companies are now carrying out credit searches on people before issuing home or car insurances.
Finally, we’ve got together with Mercury FM and address Estate Agents to provide a free First Time Buyers Open day on Saturday 26th September at our premises in the Carfax, Horsham. We will be available to discuss all the mortgages available to First Time Buyers, including Shared Ownership and Guarantor Mortgages. Address will be providing a range of properties for sale, and you have the chance to win £10,000 by cracking the Mercury FM safe code! It’s well worth a visit, even if you’re not a first time buyer and looking for mortgage or property advice. You never know, a visit to AToM could put £10k in your pocket! We look forward to seeing you.