All your frequently asked questions about moving house and renting out a property answered

Mortgage Guide

Here is some more information about the cost of borrowing, why using a broker can benefit you and what paperwork you’ll need to have ready when applying for a mortgage.

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

How much can I borrow?

This will depend on various factors including your deposit, the term of the mortgage and your income and outgoings. The amount you can borrow is based on your own specific circumstances.

How much will mortgage advice cost?

If you have been recommended to Apr Money Limited via JOHN GERMAN, you’ll fee free mortgage advice. FIND OUT MORE.

Which lenders do Apr Money Limited deal with?

Apr Money Limited provide advice on mortgages from most lenders. They are whole of market which is an industry standard which means they deal in all areas of the mortgage market and are not restricted to a small panel of lenders to choose from.

What paperwork will I need?

You will need to verify your identity and address so documents like passports or a driver’s licence are ideal for identification. Addresses can be verified with bank statements or utility bills and you’ll also need to show evidence of your income from payslips, and possibly a P60, or if you are self-employed usually your tax calculations and tax year overviews.

What is a mortgage in principle?

A mortgage in principle or agreement in principle is like the first part of your mortgage application. It is the initial lending decision for the lender you intend to apply to. An agreement in principle includes an identity and affordability check as well as the lender’s credit score to provide you with the initial yes or no answer to your mortgage application.

How long does it take to get a mortgage offer?

This can vary depending on the lender and how quickly you provide us with all your documents but typically between 2 and 3 weeks.