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Why do I need documents before completing a decision in principle?

lucygulwell0

I get asked this very often, and here is why it's so important.... I will ask a lot of questions, and I will obtain documentation to evidence our discussion. This is me building a picture of you and your financial position. 

 

Building a picture is so important, and this is because this will direct me to the most appropriate lender based on YOUR needs and priorities. 

 

It's not as simple to call me asking to obtain a decision in principle based on what you say. A good mortgage adviser will do the fact find and obtain the documents.  If you go with an adviser that doesnt do this then they are not giving you the right or best advice and that could mean your DIP is not accurate, not worth the paper it's on, loosing your property AND not having the right mortgage for you. 

 

This is why you should ALWAYS be prepared. Remember, this is going to be your biggest commitment 🏡 

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Lucy Gulwell Expert Mortgage Advice Barry Wales Vale of Glamorgan

Your home may be repossessed if you do not keep up with mortgage repayments.

Creating Mortgage Solutions Limited is an appointed representative of Mortgage Lane Limited which is authorised and regulated by the Financial Conduct Authority for credit broking and mortgage advice (FCA 937192). Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up with repayments on a mortgage or any other debt secured on it.

The guidance and/or information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.

 

The Financial Conduct Authority does not regulate some Buy to Let Mortgages

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