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MORTGAGE PROCESS

Getting started

Types of Mortgage

Mortgage Calculator

See how much your monthly mortgage payments might be.

To help you understand what to expect from Beauwater, please find below an explanation of the process once you have made contact with us.

Initial contact

A Beauwater representative will take some details concerning you and your situation so that they may commence some preliminary research. This will ensure that you will leave your first meeting feeling more informed regarding the choices available to you.

 

They will also ask your desired meeting location and preferred time as this will be taken into consideration when choosing the best adviser for your needs.

 

A confirmation email, including map, appointment time and adviser's details, will be sent to you within 24 hours of booking the appointment.

Face-to-face meeting with your adviser

The meeting will take between 40 minutes and one hour and will begin with an explanation of how Beauwater can help you and what rights you have as a customer as well as provide you with our Key Fact Document. We'll find out more detailed information with regards to your residency, financial situation and credit history to allow us to determine the best mortgage lenders and products for you personally.

 

During the meeting we require to see proof of Identification such as a Passport and Utility Bill. You will be advised prior to the meeting what is deemed acceptable proof. In addition, we'll discuss what kind of property you are looking to buy and your financial expectations - this will help your adviser to further tailor the advice to your own personal situation and is referred to as a Fact Find process.

 

Your adviser will then answer any further questions you may have and provide explanations of mortgage types, interest rates, the mortgage process and the additional costs of buying a home to ensure there are no surprises as you proceed through your application - all of these will be explained simply and without any financial jargon.

After the meeting

Your broker will research the whole mortgage market for you and using the information from the initial meeting will recommend a product that’s most suitable for your individual circumstances. We'll then arrange a mortgage Agreement in Principle (AIP).

 

Your adviser will oversee all the paperwork and will act as source of contact, answering any questions that you may have. They will also liaise with your agent or solicitor acting on your behalf, if required.

Mortgage decision

Once you have decided to proceed with a mortgage we will process your application, advise you if additional information is required and request any documents that may be required by the lender. We then check the formal offer once it is returned from the lender.

 

For our Terms of Business please refer to our Key Facts Document

How we can help you

Access to the entire mortgage market.

Exclusive mortgage deals and rates.

Expert, mortgage advice.

We can do all the paperwork for you

Mortgage Types

The mortgage process explained from start to finish.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Beauwater Mortgages is a trading style of New Leaf Distribution Ltd is authorised and regulated by the Financial Conduct Authority Number 460421. Registered office 1st Floor Princess Caroline House, 1 High Street, Southend on Sea, Essex, SS1 1JE.

 

There may be a fee for mortgage advice of up to 1% of the mortgage amount. The actual amount payable will depend on individual circumstances. A typical fee payable is £495. You will be advised at an early stage if a fee is payable and the amount. Commercial Mortgages and some types of Buy to Let mortgages are not regulated by the Financial Conduct Authority. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK

Your Home May Be Repossesed if You Do Not Keep Up Repayments On Your Mortgage

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