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Writer's pictureAga - Mortgage Broker

Things to avoid when getting a mortgage!!!

A customer contacted us to say they took a loan half way through their mortgage applicationšŸ˜±ā€¦.This nearly gave us a heart attack as it might have ruined the whole plan of a successful so far case! So much preparation, hours of work, customerā€™s hopes they would soon be in new home ā€“ all might have come to nothing! Why?


Any material change that happens in between a mortgage offer and the moment you collect your keys to new home must be reported to the lender ā—ļø

Lender reserves the right to do pre-completion credit checks and any such thing as a new loan or car finance or outstanding balance on credit card can be detected, which may mean your mortgage may not be affordable any longerā€¦


This is one of the things you shouldnā€™t do once you have mortgage agreed ā€“ DO NOT TAKE A NEW LOAN!!!


What else could jeopardise the whole home buying plan?

šŸ“ŒChange of a job

šŸ“ŒReducing your working hours

šŸ“ŒGetting into arrears or having a CCJ registered

There is, however, one thing you SHOULD ALWAYS DOā€¦it is to speak to a mortgage broker first before you do anything.šŸ‘©ā€šŸ’»šŸ§‘ā€šŸ’¼


Should you have any questions about a mortgage, feel free to speak to us. We are here to help.

www.grnfinancialservices.co.uk




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