I have bad credit in Worcester, can I get a mortgage?

It is possible to obtain a mortgage in Worcester even if you have poor credit. There are specialised lenders who offer mortgage products for buyers with bad credit. However, if you fall into this category, you may be asked to provide a larger deposit, usually between 10%-15% +. Seeking mortgage advice in Worcester can be helpful, especially if you want to improve your credit score. Our mortgage advisors in Worcester can offer guidance and suggest some starting points for improving your credit score.

When should I get an Agreement in Principle in Worcester?

An agreement in principle (AIP) or a decision in principle is a document thats demonstrates proof to a lender of your income and affordability for a mortgage in Worcester.

Having an AIP is a crucial step in the mortgage process as it enables you to make offers on properties and negotiate with sellers. If two buyers approach a seller, and one has an AIP while the other does not, the seller will likely prefer the buyer with the AIP since they have already been approved in principle and can proceed more swiftly through the mortgage application process.

AIPs are generally valid for 30-90 days and can be renewed upon expiry. You can obtain an agreement in principle by speaking with a mortgage advisor in Worcester.

Why use a mortgage broker in Worcester like us?

Our role as your mortgage broker in Worcester is to provide you with comprehensive guidance throughout the entire mortgage process, from start to finish. Our team of experts will work closely with you to identify the most suitable mortgage product that matches with your financial and personal circumstances, guide you through the mortgage application process, and relieve you of any stress associated with the process. Our ultimate goal is to help you secure your dream home by providing you with the keys to the property.

Our team of professionals has extensive experience in assisting a diverse range of buyers, including those seeking buy to let and self employed mortgages in Worcester , as well as those interested in equity release, insurance, and specialised scenarios.

We have made it simple and convenient to obtain mortgage advice in Worcester by offering online booking for a free mortgage appointment or a callback with one of our skilled mortgage advisors in Worcester.

How does my free mortgage appointment in Worcester work?

Your scheduled mortgage consultation with us will last approximately 30 to 1 hour. Our team of mortgage advisors in Worcester will be available to speak with you during this time.

During the consultation, our experienced mortgage advisor in Worcester will ask you a series of questions to gain a deeper understanding of what you are hoping to achieve. They will also ask about your personal and financial circumstances to determine the most suitable mortgage products available to you.

After the consultation, our mortgage advisor in Worcester will carefully analyse your information and search for the most appropriate mortgage product that matches your unique situation. Being a open and honest mortgage broker in Worcester, we pride ourselves on finding customised mortgage deals that are tailored to your individual needs.

How much deposit do I need for a mortgage in Worcester?

If you’re planning to secure a mortgage in Worcester by putting down a deposit, it’s important to note that most lenders will require a minimum deposit of 5% based on the property’s value. However, depending on your credit score, you might be asked to provide a higher deposit of 10% to 15% + of the property price.