No matter what type of mortgage you’re looking for, the fully qualified team at The Mortgage Genie can offer specialist advice on the best way forward, they are available 7 days a week.
The team have access to 90+ UK lenders to find the best price possible for you on the market bespoke to your individual needs.
Your Mortgage Journey
Using a Mortgage Broker is one of the best options for those looking for a Mortgage to fund their home purchase.
These independent experts work for you and will navigate the many lenders on the UK market to find you the very best mortgage deal.
Here's a walkthrough of the steps you need to take to secure your mortgage...
Your first step is contact the amazing team at The Mortgage Genie. A quick 20 minute call to run through details of your affordability and spending habits. Then you'll get a 'Genie Decision In Principle' (DIP) which will allow you to make an offer on your next home.
Now the really fun bit, find a property and make an offer. Once this is accepted, let your The Mortgage Genie Advisor know and they will submit a full application for you, securing you the best mortgage product for your needs.
Next your mortgage lender will arrange a valuation survey to ensure the property they are lending against is a reasonable risk, and they agree the value that you have offered.
Your mortgage lender will then issue a formal ‘mortgage offer’ so you know you have secured the mortgage. Offers are normally valid for a maximum of 6 months, so if your house purchase has not completed in that timeframe, you’d have to re-apply for a new mortgage offer.
Once you’ve reached ‘exchange’ and you have committed contractually to buy the house, your solicitor will ask your mortgage lender to send the mortgage monies to their client account, ready for sending to the seller on your behalf on completion day.
Completion day will see the transfer of that money from your lender, across to the seller. Now you are the proud owner of your new home and you'll pay your mortgage payments monthly.
Your property may be repossessed if you do not keep up with repayments on your mortgage.