The Money Bee - Guide
One of our friendly mortgage experts will call you to discuss your mortgage requirements within 24 hours of you making contact with us.
They will email you their Privacy Statement (as required by the General Data Protection Regulation) which explains how they will use the information, you provided.
They will email you an important document which sets out the Key Facts about their service.
From the information you have provided, they will send you a quotation based on your demands and needs. They will then call you to discuss the quote and answer any questions you may have.
They do not adopt any high-pressure sales techniques and they will not progress your application until you are happy to do so.
If you are happy with the quote, they will provide you with a shopping list of items they will need to progress your application.
They will obtain a Decision in Principle from the lender they have chosen, at which point an application fee of £125.00 becomes payable. This is only payable if they are successful in obtaining a Decision in Principle for you.
When all items have been received they will progress your enquiry to a formal mortgage application. At this point, any additional information the lender may request will be provided. They will also instruct a mortgage valuation to be carried out on your property.
Once all items have been satisfied, the lender will make a formal mortgage offer at which point solicitors will be instructed to arrange for the legal completion of your new mortgage.
Finally, the solicitor will complete all the enquiries, request funds from the lender and agree a mutually acceptable completion date.
Your new mortgage has completed.
If you are a buying a new home you will be handed the keys to your new home - you will normally collect them from the estate agent acting on behalf of the seller.
If you are remortgaging then your existing mortgage will have been paid off and your new mortgage lender will write to you with new mortgage details including when your first mortgage payment is due.