How does the free initial mortgage consultation in Wakefield work?

Your free mortgage consultation with a mortgage advisor in Wakefield will typically take around 30 minutes.

Following an evaluation of your circumstances, your mortgage advisor in Wakefield will provide mortgage advice without any obligation for you to proceed.

Based on the information provided, you can then decide whether or not you wish to proceed with the mortgage process.

How much deposit do I need in Wakefield?

If you plan to make a deposit for a Wakefield property, most high street lenders will require a minimum of 5%, while others may ask for a higher amount based on your situation, such as any prior credit issues.

Can I get a mortgage in Wakefield with previous credit problems?

Although you may have had credit problems in the past, the positive news is that you may still be eligible for a mortgage in Wakefield, although a higher deposit of around 10-15% of the property purchase price may be required.

What documents will I need to send for a mortgage in Wakefield?

As an employee, you’ll typically be required to furnish three pay slips as proof of your income, while if you’re self employed in Wakefield, you’ll usually need to provide your latest two years’ accounts, along with proof of identification, address, and three months’ bank statements.

How long does the process in Wakefield take?

Our complimentary first mortgage consultation usually lasts around 30 minutes. As an experienced mortgage broker in Wakefield, we can obtain an Agreement in Principle within 24 hours once we have all the necessary information. Generally, it takes about three weeks to receive a formal mortgage offer.

When should I obtain an Agreement in Principle in Wakefield?

To establish your creditworthiness and evaluate your ability to afford a mortgage in Wakefield, it is advisable to obtain an agreement in principle prior to viewing properties.

It is recommended to obtain one before making an offer, at the latest, to improve your negotiating position and demonstrate to the seller that you are prepared to move forward if they accept your offer. Generally, we can obtain an agreement in principle within 24 hours.