LIVE 24-SEVEN


APPLYING FOR YOUR MORTGAGE


point out repairs or structural problems that you will have to pay to fix. Generally, you will pay for the lender's survey. The cost is based on the value and size of the property and is typically £150 to £1,500. Sometimes lenders offer mortgages with free valuation surveys.


2, RICS Home Buyer Report. A Home Buyer Report is a survey suit- able for conventional properties in reasonable condition. Costs start at £400 on average. This will help you find out if there are any structural problems, such as subsidence or damp, as well as any other unwelcome hidden issues inside and outside.


3, A Building Survey or Full Structural Survey is a detailed and comprehensive look at the condition of a property, dealing with hard to reach places and structural issues. ... This survey is often known as the Building Survey or Full Structural Survey. Appointing a Solicitor


A solicitor needs to be appointed to complete the legal work on your behalf. However, a warning, not all solicitors are acceptable to lenders. They must meet their due diligence and be approved by the lenders panel. The mortgage adviser will be of valuable assistance in checking that your preferred solicitor is acceptable to the chosen lender. Once this decision has been made the mortgage adviser can then finalise the submission of the mortgage application to the chosen lender.


If not already done so by this stage, a mortgage Agreement in Principle will be submitted so that the lender can run the credit check, make sure the requested mortgage meets their criteria and passes the credit score. If successful, the full mortgage application can then be submitted to the lender and the application process is complete.


45


LIVE24-SEVEN.COM


THE MIDLANDS PROPERT Y GUIDE MONE YWATCH F INANCE


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118  |  Page 119  |  Page 120  |  Page 121  |  Page 122  |  Page 123  |  Page 124  |  Page 125  |  Page 126  |  Page 127  |  Page 128  |  Page 129  |  Page 130  |  Page 131  |  Page 132  |  Page 133  |  Page 134  |  Page 135  |  Page 136  |  Page 137  |  Page 138  |  Page 139  |  Page 140  |  Page 141  |  Page 142  |  Page 143  |  Page 144  |  Page 145  |  Page 146  |  Page 147  |  Page 148