Below are a list of frequently asked questions from clients and potential customers. If you have a question that is not listed on this page, please contact us.

1) How Long Does The Mortgage Process Take ?

After applying for your mortgage a surveyor will be instructed to carry out a valuation and survey on behalf of the mortgage company. This can take at least a week to be arranged and carried out. The mortgage company will then write to you and inform you of their decision as to whether they agree with your purchase price and the opinion of the surveyor as to its current condition. This can take another week.

2) What Documentation Will I Need During The Loan Application Process ?

Current Passport or Driving License Utility Bill or Bank Statement within the last 3 months. (Mobile Phone Bills Unacceptable) Latest 3 months pay slips or 3 years accounts information if self employed. Proof of any pensions or tax benefits or any other income. Most recent bank statement. (if not already provided as one of above) Most recent mortgage statement (if applicable) 3 full years address history Information on any outstanding loans or credit cards Details of any adverse credit (i.e CCJ’s)

3) Will I be Charged By My Mortgage Advisor ?

As a general rule, no. The mortgage advisor will take their fee from the mortgage company. However some may make a charge for their time and expertise. It pays to shop around and look for independent advice as well as the Building Society themselves, as they will only sell you their product.

4) How Long Will It Take Once I Accept An Offer ?

The sale process from offer acceptance to completion can take between four – six weeks as an average. Many things can complicate this time period ranging from bad surveys to the property chain breaking. The whole process can be both daunting and stressful. The help of experienced Agents at this time is invaluable.

5) Do I Have To Accept An Offer Of The Asking Price or Can I Get More ?

Once you have agreed a price for marketing with your Agents and the property has been advertised at this figure you would normally expect to agree a sale either slightly below or at the asking price. In some instances two or more buyers may offer the asking price. In these circumstances it would be normal to ask them, via your agent, for a ‘Full and Final Offer’ in writing and may the best win! However, it would be advisable for your Agent to check the financial status of your buyers as should they subsequently be unable to proceed you may have ‘backed the wrong horse’ so caution is needed.

6) What Is a HIP ? Do I Need One ?

The simple answer is YES you do, as of June 1st 2007. All property placed on the market for sale will need a House Inspection Report in place. Please look on our link (HIPs) to find an introduction letter. Most Estate Agents will have a provider to help you through this process and to explain the costs. At this time costs range from £600 - £1000.