Standard Checklist...
To ensure rapid completion of your mortgage enquiry it is advisable to spend a
few minutes going through this checklist to ensure that we have all the correct
information.
- About Yourselves
Please ensure that we have your correct legal names, for example if you are
known as "Dave" but on your birth certificate your name is "David", then we must
use the name on your birth certificate. Do you have any middle names that you do
not use and therefore are not included on the enquiry form? If so, please
insert any middle names as we must have these.
- About Your Current Mortgage
Please ensure all mortgage arrears (if any) have been clearly stated including the
highest the arrears have been within the last 12 months.
Also, you must advise us if there are any other loans secured on your property
with any other companies. If so, we require your estimate of the current balance
and name of the company. Please ensure that all persons who own the
property are included on the enquiry form.
- About Your Property
In view of the current housing market please ensure that the current value of your
property stated is realistic. We will probably have no idea of property prices in
your area and therefore rely on you the customer to supply a realistic valuation
figure. Your figure should be based on the selling price of similar properties in
your area. If you purchased your property from the local council / housing
association, the purchase price (on the form) is the value of your property
provided by the council when you purchased it, before any discount.
- About Your Mortgage Enquiry
If you decide to change your mind after today, this could cause a delay, so
therefore please ensure that:
a) You are borrowing the correct amount required. (Please state the maximum amount
you require). If for any reason we are unable to provide the full amount requested,
we would NOT decline you, but would advise you of the maximum offer available.
Your dedicated mortgage adviser will agree the term and monthly repayments with
you.
b) That you have considered carefully the Accident, Sickness and Involuntary Unemployment protection. The
insurance page is a guide only and cover may vary slightly depending on your circumstances.
c) If you do not wish to clear your mortgage with the new advance then you may require a loan instead.
In this case please visit our loan site.
Please bear in mind that as we provide mortgage advice we will need to establish
which product is most suitable for your needs and individual circumstances. We will
do this by completing a 'FACT FIND' with you over the telephone. This will take between
30 and 45 minutes. We will call you AFTER receiving your enquiry form, to
carry this out at a convenient time for you. You will not be expected
to pay for this call.
Enquire online for free quote and no obligation mortgage advice
Could help you save money
Remortgaging your home at a better rate than your existing mortgage could result in lowering your interest payments every month. In other words, remortgaging could help you save money.
Raise extra cash
Remortgaging may be beneficial if you want to release money tied up in your home - This means that remortgaging your property could allow you use the money tied up in your home to make home improvements, buy a newer car or take a vacation away. Remortgaging could also be used to consolidate your existing debt into one manageable monthly repayment. You could use debt consolidation remortgages to release money from you home to pay of your other outstanding debts.
Change your mortgage term
Your circumstances may have changed enabling you to pay back more or less money than you could previously. By changing your mortgage term you could alter your monthly repayments. It is however important to note that if you extend the length of your mortgage you will be paying back more money over the term of the mortgage agreement.
At Ocean Mortgages we aim to make the process of remortgaging as straightforward as possible so when you enquire for a mortgage a fully qualified mortgage adviser will guide you through the remortgaging process, so enquire online to receive no obligation help & advice.
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