GETTING YOUR FINANCES RIGHT
To get your home-buying journey off to the best possible start, we recommend that you arrange your finances before commencing your property search in London. Whether it’s locating a suitable lender and reaching an agreement in principle on a mortgage or making independent money available for a house purchase, determining your financial situation ahead of time will provide you with a realistic budget to work with and, ultimately, define your property search.
If you haven’t yet acquired financing or are looking for mortgage deal comparisons, ask Hudsons to refer you to a reputable independent mortgage broker.
HOW DO YOU FIND THE BEST MORTGAGE?
Unless you are a cash buyer with independent financing, you will need to obtain a mortgage in order to purchase property in London. Find out how much money you might be able to borrow from your bank, mortgage company, or financial consultant. Better still, go through a pre-application with your lender, as they will do the necessary financial checks, speeding up the procedure later on.
While using your current bank has advantages, it is also a good idea to consult with an independent mortgage broker who can offer you rates from a variety of lenders and shop around for the best deal for you. When it comes to acquiring a mortgage, using a broker can save you a lot of time, money, and concern; however, be sure you understand how their remuneration works and if they charge a fee for their services.