Choosing A Mortgage Broker
Choosing a mortgage broker? Make sure you look for one with experience, knoweldge and great levels of service. Oh and don’t forget to check out their reviews!
You’re busy with a list as long as your arm.
You’ve got a mortgage or a loan to arrange. And you’re growing increasingly frustrated with all the separate professional advisors you need to speak to.
This is the situation that many people – from first-time buyers to those looking to re-mortgage have to face.
This is the kind of situation that as one of our valued clients, you will never have to face!
As long-established mortgage brokers, we have the experience and confidence to know exactly how to satisfy the needs and interests of our clients.
Buckingham James is proud to offer a level of service that holds all of our client’s interests front and centre in all we do.
The mortgage market is constantly changing and we ensure that we keep up to date with all the latest developments.
Don’t leave your mortgage arrangements to chance.
Choose a mortgage broker that prides itself on delivering at the very highest level of service.
With experience dating back to 1994, we have been doing just that!
And if you need proof, just go to our website and look at some of the dozens of glowing reviews on Trustpilot and Google.
Get in touch with us today and ask how we can help you achieve your mortgage goals.
One of our friendly advisers is ready and waiting for your call!
Why do you need a credit report for a mortgage?
The answer is just like when you take out an overdraft or apply for a credit card, a mortgage is a form of credit that you can apply for if you want to borrow money to buy a property.
Most lenders will use a credit scoring system when they assess your mortgage application.
Many of them use their own credit report system to work out your credit score based on information held in your Credit Report.
And they will routinely check your information through more than one Credit Reference Agency.
You may ask “What’s the minimum credit score I need for a mortgage?”
There isn’t a specific credit score that you need for a mortgage, but the higher your score the more likely your application will be accepted.
This is because having a higher score makes you a lower risk, and suggests that you are more likely to be able to keep up with the repayments.
If you have any outstanding debt or have struggled in the past to repay a credit card or other forms of credit, you will be seen as a higher risk.
Even if you’ve never been in debt, not having any credit history could also affect an application. It’s important that as a lender we can see you have a good track record of sensible borrowing.
Check My File will base your credit score on all of the Credit Report information.
Your credit history is gathered from Equifax, Experian, TransUnion and Crediva and will help you get a better understanding of how you are likely to be assessed when applying for a mortgage or other credit.
Click the link below for more information and to find out how your credit report will look to a lender.