Advising First-Time Buyers in Ilford on Their Mortgage Search

Taking your first step up the property ladder is a daunting but also exciting experience. By working with the experienced mortgage brokers at Alexandra Hamilton, you will receive expert advice on the most suitable mortgages as well as assistance in submitting your application. Based in Ilford, Essex, we are always happy to answer questions from first-time buyers. We pride ourselves on helping each client make a fully informed decision about their mortgage and their property purchase. There is a lot to deal with, but we aim to handle as much of the process as possible while offering a friendly and professional service.

Offering Advice and Submitting the Application

There are two parts to the process of getting a mortgage for buying your first home: receiving expert advice and submitting an application. Getting the advice part right will make sure that the application stage is much easier. The advice part involves discussing:

  • How Much You Can Borrow
  • Calculating a Realistic Purchase Budget
  • Understanding Your Requirements
  • Calculating How Much You Can Afford Each Month
  • Collating the Documents Required
  • Understanding What Lenders Are Looking for
  • Making Sure Your Credit History Is OK
  • Finding a Suitable Mortgage

At Alexandra Hamilton, we are happy to help you through the advice process via email, telephone, and in person. Often, it is easier to start off with a phone call or email and then find a suitable time to talk in person – at home, at the office, or in a coffee bar.

Once we have answered your questions and collated everything necessary to make a mortgage application, then the application process should be much easier. We research the market for you, taking your circumstances and requirements into account to present you with one or more mortgage illustrations for the most suitable mortgage. Following this, we can make the application for you, taking care of the entire process, from dealing directly with the lender on your behalf through to getting a mortgage offer and onto completing your home purchase.

Property Surveys Arranged by Lenders

When you have arranged a mortgage to purchase your new property, the lender will instruct a surveyor to carry out a valuation to confirm that the property will be acceptable. Typically, this will cost between £250 and £450, but the cost of the valuation may be higher, lower, or entirely free depending on your purchase price, the mortgage lender, and the mortgage product you choose.

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

First time buyers should contact our mortgage brokers in Ilford, Essex, now to make their mortgage search easier.