How to Apply for a Mortgage

How to Apply for a Mortgage

Look at our website tools then call or enquire online

Before you make a mortgage enquiry you may want to have a look at our mortgage “Best Buy”` tables and the “Mortgage Finder” tool. These handy tools will give you an overview of what mortgage products are currently available.

You can then simply phone one of our advisers on 0800 151 2407 or 0121 308 9114. Alternatively complete the on-line enquiry form and an adviser will call you back.

Your initial consultation to discuss your requirements is free and you are under no obligation to proceed with any product we recommend.

We can often arrange face-to-face appointments in Mere Green, Four Oaks, Sutton Coldfield, Lichfield, Tamworth, Burton, Birmingham, Walsall, West Bromwich and many other surrounding areas of Staffordshire and the West Midlands. Alternatively we can make arrangements for you to visit our offices to discuss your requirements in more detail.

We gather information and search the market for you

Following your initial enquiry, as part of the mortgage process, we will arrange a suitable time to undertake a more comprehensive “Fact Find” with you. This can be done over the phone or face to face and will provide us with an opportunity to explain the different types of mortgages and rates available. The fact find will also help us obtain your mortgage preferences and any other information we need from you to recommend a mortgage.

At Caboodle we use the latest technology to search our comprehensive panel of lenders for the best mortgage deal to suit your circumstances and preferences.


We will recommend a mortgage for you…

Once the research is complete we will recommend a mortgage to you, the full details of which will be sent to you in a welcome pack so you can consider whether or not to go ahead. This pack will contain a Key Facts Illustration (KFI) and a formal application form for the mortgage we have selected. It will also detail what other information or documentation is required by Caboodle or your lender should you decide to go ahead.

Discuss your protection and insurance requirements

Once you have reviewed the mortgage details and decided to proceed, we will collect all the relevant documentation from you to submit to the lender.

During the fact find, in conjunction with the the new mortgage, we will discuss your insurance and protection needs to make sure your home, family and income are protected against any unforeseen events.

Process your application…

We will process your application from start to finish which will save you the time and hassle of having to deal direct with the various parties involved. We can instruct any valuation that is required and liaise with both the solicitor and lender to ensure things run smoothly.

Upon submission to the lender, any valuation or lender fees applicable to your mortgage may become payable.

We will keep in regular contact with you so you know what is happening with your mortgage application. You will also be given a dedicated contact here at Caboodle should you have any questions during the process.

We will obtain an offer from the lender for you, explain the terms and conditions and make sure it still meets with your requirements. A copy of the offer will also be sent to you and your solicitor.

Your mortgage completes….

On the date of completion, we will check that you are happy for the mortgage to be set up. The solicitor will request funds from your new lender and if applicable, forward them to your old lender to clear your existing mortgage. Any surplus monies will be sent direct to you after payment of our broker fee.

After completion we will contact you to ensure you were happy with our service and answer any questions you may have about the mortgage or protection products. If you need help with any wider issues such as pensions or investments we can introduce you to a suitably qualified adviser who will be able to assist.

We will keep in regular contact with you after your mortgage completes to make sure everything continues to meet with your satisfaction and we will undertake regular reviews to ensure you remain on the most competitive mortgage product.

 

The overall cost for comparison is 4.4% APRC. The actual rate available will depend upon your circumstances. Please ask for a personalised illustration.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. CONSOLIDATING DEBTS MAY INCREASE THE TERM AND TOTAL AMOUNT PAYABLE.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. CONSOLIDATING DEBTS MAY INCREASE THE TERM AND TOTAL AMOUNT PAYABLE.

Your initial consultation is free and you are under no obligation to proceed with a mortgage we recommend. There will be a fee for mortgage advice. The exact fee will depend on your circumstances and may be reduced depending on the loan amount and any commission we receive from the lender. It is estimated that the fee will be £595, but it may range from £495 to 1% of the amount you borrow. The fee is only payable on completion and can normally be added to the mortgage. This will be discussed and agreed with you before you make an application. Please ask for a personalised illustration.

Secured loan rates from 3.95% APRC, although we have plans available up to 29.9% APRC which allow us to assist customers with the most severe credit problems. The overall cost for comparison is 9.2% APRC. For secured loans a broker fee up to 10% of the loan amount borrowed may be payable on successful completion. A lender fee may also apply. The actual APRC available will depend on your circumstances. All loans are subject to status. Please ask for a personalised illustration.

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

Caboodle Financial Services Ltd, registered in England at SQ2 House, 240b Lichfield Road, Four Oaks, Sutton Coldfield, West Midlands B74 2UD (number 08044670).
Caboodle Financial Services Ltd is an appointed representative of Pink Home Loans, Pink Home loans is a trading style of Advance Mortgage Funding Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 305008) for mortgage and non-investment insurance advice.
The Financial Conduct Authority does not regulate some forms of Buy to Let.

© 2014 Caboodle Financial Services Ltd