What is the process of getting a mortgage?

To help us understand your mortgage demands and the kinds of products avaiable, your first task is to complete our mortgage fact find. After that, we will schedule a meeting for you with a Cardiff mortgage advisor so they can gather a few additional details from you. Then, to improve your chances of the seller accepting your offer, we can set up an Agreement in Principle for you in less than 24 hours. We may begin the mortgage application process once you've chosen your ideal house and are satisfied with our mortgage advice. More than three weeks may pass before a formal mortgage offer is made, during which time we will keep you updated on the status of your application.

When should I start the mortgage process?

We advise our applicants to get an Agreement in Principle (AIP) as soon as possible as a Cardiff mortgage broker. When viewing properties, having an AIP can improve your chances of being approved by the seller. Additionally, it can present a chance for a price negotiation.

How long does it take to get a mortgage?

Your free mortgage consultation should last between 30 and 60 minutes, to start. Within 24 hours of this being finished, your Cardiff mortgage advisor will secure an AIP on your behalf. We can submit your mortgage application after that, if you're happy to move forward with the arrangement that your advisor has suggested. The average turnaround time for a formal mortgage offer is 3 weeks.

What documents do I need to get a mortgage?

During the mortgage application, you'll be asked to provide the following documents, – Latest 3 Payslips (Employed), Last 2 years’ Accounts (Self-Employed) – Latest 3 Months’ Bank Statements – Latest P60 – Photographic ID

I'm self employed, can I get a mortgage?

If you self-employed while submitting your mortgage application in Cardiff, you must provide at least one year's worth of financial records. As a Cardiff mortgage broker, we've discovered that the majority of lenders determine the maximum mortgage amount you can borrow using your salary plus dividends. However, some lenders might base their decision on your net earnings.

I have bad cedit, can I get a Buy to Let Mortgage?

The good news is Yes, you can obain a bad credit buy to let mortgage, although it is important to note, the interest rates charged by the lender will be higher.

What is an income coverage ratio?

An income coverage ratio, or IRC is used to calculate affodability for a buy to let, the lender will use a stress rate, typically 5.5% and want to make sure the rent payments cover the mortgage payments at this stress rate usually at 125 or 145%.

Mortgage Broker Cardiff

Name: EM Wales
Address: 86 Ffordd Pentre, Barry, CA, CF62 5DP, GB
Telephone: 07930334768

Highly recommended Mortgage Advisor in Cardiff - We do more than just find you mortgage. We aim to make the process as seamless and stress free as possible, keeping you informed and aware of what to expect.

Give me a call on 07930334768 or book your free appointment online

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Mortgage Advice in Cardiff | Mortgage Broker in Cardiff

Welcome to EMWales, your local mortgage advicer in Cardiff and the surrounding areas. We have a fantastic reputation as a place where customers can speak freely and openly with an expert mortgage Broker in Cardiff. Our trusted and knowledgeable independent mortgage advisors strive to provide a world class customer service to all their clients.

The best mortgage advice in Cardiff

We have access to a large number of lenders on our panel who each have a different set of lending critera. This frequently means that we have access to mortgages that aren't commonly found on the high street. Whatever your situation, our incredible team of qualified mortgage brokers in Cardiff will compare every lender on the market to find you the best possible mortgage for your individual circumstances.

Take a look at our wonderful customer reviews to get a true sense of the high levels of customer service we always strive to provide. We will constantly keep you informed and work to provide you with a stress-free mortgage advice service.

We're here for you | Mortgage Broker in Cardiff

We will provide complete direction throughout your home buying or remortgaging process as a professional mortgage broker in Cardiff with a solid reputation for responsiveness and transparancy. During our service, we will make every effort to remove any worries you may have and will do our best to respond to all of your concerns.

Mortgage Broker vs Banks mortgage adviser

Going directly to a bank or mortgage lender will provide you much fewer options than chatting with a whole of market mortgage broker in Cardiff. While we can look through thousands of options across our panel and choose the one we think is best for you and your situation, banks and other lenders will only have access to their own deals and products so you may be missing out on a better mortgage deal by going directly to the bank.