London 020 3040 4400

Six Steps to a Mortgage

Step 1

What is your income every month? What are your outgoings?

Ideally, your mortgage repayment should be no more than a maximum of one third of your monthly income.

How quickly are you able to pay off your mortgage? For example do you plan to do this gradually based on your earnings or with an alternative investment plan at the end of your term?

Are you happier paying a bit more so you have the peace of mind of knowing that your monthly payments will always stay the same?

Do you prefer to have a lower rate which moves up and down in line with the Bank of England base rate?

Step 2

Bring your answers to these questions when you come to see us so we can begin finding you the most suitable mortgage.

We will then ask you questions about your type of employment, payment structure and any pension provisions or benefits.

Step 3

Once we have discussed your options with you, we approach various lenders on your behalf and then revert back with a cost analysis and proposal of your best options.

We regularly have access to exclusive and semi-exclusive products as well as excellent relationships with lenders from across the market. This combination is what enables us to deliver the lowest rate and most suitable terms for your mortgage.

Step 4

Once we have found you the best deal, we then secure you an ‘in principle’ agreement with the lender which will include running a credit check to ensure the lender is happy to finance your purchase.

You will receive a document that states the lender is prepared to lend you the money, subject to you providing the relevant documentation to support your application.

Step 5

You can now confidently make an offer on a property. Once your offer has been accepted, we will continue with your mortgage application. This process normally ensures the valuation/survey is arranged. After that, we will provide you with your mortgage offer. Typically, this takes two to four weeks.

Step 6

The mortgage offer is sent to you, your solicitor and the mortgage broker. All three parties need to approve this offer.

Finally, the conveyancing solicitor takes the transaction through to exchange and completion.

For a glossary of terms and answers to common mortgage related questions see our FAQ.

Springtide Capital Limited is authorised and regulated by the Financial Conduct Authority.

Important Legal Information
There may be a fee for mortgage advice. The precise amount will depend upon your circumstances and loan amount. The FCA does not regulate most buy-to-let, second charge or commercial mortgages. The Financial Ombudsman Service is available at or by contacting them on 0800 023 4 567. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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