Mortgage Process
The mortgage process involves quiet a lot of documentation and we have set out below the different stages involved from arranging mortgage approval to closing your mortgage.
Stage 1 - Make an Appointment
It is important to sit down or discuss with one of our Advisors your requirements. They will need you to provide or confirm a number of details in order for them to assess your case accurately. Once the Advisor has checked that you meet the criteria the next stage is t submit an application for approval to the chosen bank.
Stage 2 - Application Submitted to Lender
In order to submit an application to the lender your must meet their documentation requirement and in this regard we have provided a checklist of the required documentation along with the necessary application forms, declaration etc. The Advisor will then review all documentation, put together a lending report and submit your case for approval to the lender.
Stage 3 - Approval in Principle
Once the lender has underwritten your application and they are satisfied the will issue Approval in Principle, which will include conditions of approval. This will then allow you to secure your property, once the property is secured we will then have to arrange a valuation to be done on the property and sent to the lender. Once all Approval in Principle conditions are meet the bank will then move your application to the next stage which is Loan Offer.
Stage 4 - Loan Offer
The bank will issue the loan offer along with a legal pack to your solicitor, you must contact your solicitor to arrange time to meet to sign contracts and other legal documentation.
Stage 5 - Mortgage Closing
At this stage your solicitor will have return the documentation to the lender for final signoff, once the lender is satisfied that all conditions of approval have been met by you they will release the cheque to your solicitor to complete the buying process for your new home.
or call us on 01 6279495
Our walk in office provides access to qualified mortgage planning brokers covering mortgages in Celbridge, Lucan, Maynooth, Leixlip, Clane, Naas and Kildare.