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Did you know that one of the most common reasons stated for mortgage rejections are defaults on the credit file? Sadly, past mistakes can cost us dearly when it comes to mortgage applications. While there are ways of improving your credit score, these take time. The...
From credit card and financing applications to loan requests for a car or a property; your credit rating plays an essential role in determining the likelihood of your application being accepted. No doubt you have heard the term mentioned multiple times but have you harnessed...
Conveyancing Process (Buying) The following is a general guide to the conveyancing procedure when buying a property. If you are in doubt about any specific issue you should consult your solicitor directly. Initial Stages Once you have told the solicitor that you wish to use their...
Help To Buy is a government initiative aimed at helping those who are struggling with getting a deposit together. There are certain criteria required to be eligible for a HTB mortgage. You will need to have saved at least 5% deposit The purchase price of...
Most of us only buy a house a few times through our lives and, no matter how many times, can still find it a bewildering experience, so for first time buyers it can be even more so. At AMS we can guide you through your experience...
Once your lender has received a satisfactory valuation and all the supporting documentation they will issue a formal, written offer of a loan (or Mortgage Offer). This document will be sent to your advisor, yourself and your solicitor and contains all the relevant information about your...
Before you make an offer on any property you need to make sure you can get a mortgage – this is where AMS can help as we can secure you a Decision in Principle in an hour or less. Once you have decided you like a...
APR The Annual Percentage Rate - the total cost of the credit to a consumer, shown as an annual percentage of the total amount of credit. Base Rate This is the rate set by The Bank of England. Buildings Insurance Insurance cover which protects the holder against damage to the...
Your AMS advisor will always endeavour to find any deals, incentives or offers that will suit your needs. For example there may be a cashback incentive whereby a sum of money is given back to you when your mortgage starts. You may use this for...
There are different ways you can choose to have some control over how much interest you pay. You can choose a fixed rate mortgage. This is where the initial interest rate is fixed at an agreed amount for a set period of time, commonly 1, 2,...
