1. Fact Finding

This is arguably the most important stage of the whole process. 

We take time to understand our client needs and requirements gathering as much information as we can on this initial meeting.

This is the Knowing Your Customer stage, (KYC) and benefits both the advisor and the client, as we have a true picture of what you are trying to achieve. 

In the broker world, this is known as a fact find.

We would ask on this appointment to bring at least the following:

1.Employed - 3 months latest payslips or latest 13 weeks payslips if paid weekly

2. Self employed - Latest 2 Years tax calculations and computations

3. Latest 3 months bank statements for any account showing your income and expenditure (loans/mortgage/utilities etc.)

4. Proof of deposit can be in form of savings, bank statements, gifted deposit letter or investment statements. sale of memorandum etc.

Once we have completed a decision in principle, this give you a good indication as to how much you can borrow, with this and your available deposit, then you have a target purchase price, and you can do the fun bit of looking at the ideal property.

If you are looking to have an offer accepted on the property, then the estate agents would look to get the following 4 items from you.

1. Decision in principle

2. Proof of deposit

3. Proof of identification and address verification.

4. Solicitor details.

When these are received, then the estate agent, if the offer is accepted by the vendor, takes the property off the market, and marks this property as Sold Subject to Contract (SSTC).

This where we would then pick up the process up until completion and beyond. We will take if from here, get you booked in for the next appointment, to put more meat to the bones. 

We have got, this, we will deal with the lender, life providers, solicitors and estate agents going forward, so you can sit back and relax. 

This part is a bit like being a detective for the advisor involved in your case. 

They source the whole of market and look at mortgage lenders that fit your specific criteria, such as you might have a bespoke property that you are looking to lend on and we need to find a lender that would agree with this, debt issues, may mean that we need to go to a another lender, visa constraints, or a combination of set scenarios. 

We will always look at the most cost-effective product on the market for you, for your situation/criteria constraints.

Once we have found a lender that ticks all the boxes for your bespoke scenario, then we would now be able to look at formulating a recommendation (advice) on what mortgage product and lender we are going to recommended and why.

Please note that as we are a broker connected to Quilter Financial Planning , we may offer mortgage deals that are not available to the high street/other brokers.

We will also look at protecting the mortgage and protecting your income, and this may be based on budget or priorities, so we would look to find the most suitable solution to protect the family.