MORTGAGES
P&M with Merrett Ltd is a local mortgage & protection advisory firm. We have access to the comprehensive mortgage market as well as exclusive products only accessible to the general public via mortgage intermediaries such as P&M with Merrett Ltd.
How we can help you.
Step 1 – We have an initial meeting to discuss and understand your needs and what you are trying to achieve. During this meeting, we will complete a fact find document (this record’s all your information such as name, date of birth, employment information, and importantly your income and expenditure), this information is vital to help us research the mortgage market and helps us help you achieve your goal of securing a mortgage.
After the initial consultation, you will be able to walk away with the following information:
- Understand how the process works and the time scale involved with applying for a mortgage.
- We will be able to give you a good understanding of what your monthly mortgage costs are going to be.
- Costs associated with moving home and obtaining a mortgage.
- Answer any question or concerns you have about the mortgage process.
- Give you a list of the required documentation you will need to gather to be able to complete a mortgage application.
- We will discuss valuations and the three different options available to you and why you would opt for a certain type of valuation.
- Explain the Agreement in Principle process and how Lenders look at your credit file.
Step 2 – We will go away and research the mortgage market and report back to you with options and a recommendation that fits your needs and circumstances.
Step 3 – Agreement in principle, this is where we apply to the selected mortgage provider and key your information into their online system and obtain a clearer indication of the level of borrowing you are able to obtain. The agreement in principle is the step where the lender will undertake a credit check on your credit file, this may leave a footprint on your credit file.
Step 4 – Full Mortgage application, this is where we complete the application process and upload requested documents and information to the lender (pay slips, bank statements etc.). The lender’s underwriters will carry out their own assessment checks and also arrange for an independent valuation on the property. Once the lender is sure everything is acceptable they will issue an official mortgage offer.
P&M with Merrett Ltd offer a bespoke service tailored to your needs where we offer help and advice moving forward during the term of your mortgage and also after our job is done. We pride ourselves on longevity with our client, we understand that during the mortgage term you may have questions or require further advice as your circumstances may change, you may find you want to borrow further funds or wanting to make capital overpayments against you mortgage. P&M with Merrett Ltd is happy to offer our advice to our clients as and when required. We want to help you through the many different life stage.
