Why Use a Mortgage Broker

Buying a new property is exciting and you will want to ensure that you get the property you have made an offer on. You should work with a mortgage broker and a solicitor that you know will get the job done efficiently and that will always be available to answer any questions you have.

We provide professional advice and offer a comprehensive range of products from across the market.

We don't charge for our advice. Instead, we simply charge a fee for processing your mortgage application. We want to be able to show you how we work, what service you will receive and ultimately the terms we can secure for you before you commit to using our services. Our typical fees are £595 for a purchase and £295 for a remortgage. However, the actual fee can vary depending on your circumstances. More complex cases may result in higher fees.

If you choose to use Pilgrim Mortgages & Protection we will handle everything from the completion of the application forms to the instruction of the property valuation and we will chase the estate agents, surveyors and solicitors on your behalf to bring about a swift completion.

Benefits of using a Mortgage Broker

Instant access to 1,000’s of mortgage products
Advice from a qualified, experienced mortgage adviser
No time wasted applying to lenders that will eventually say No. We Apply to the right lender, first time.
Support for when things go wrong.

The Mortgage Application Process

Mortgage review to find the most suitable solution for you
You send us your documents securely
We pre-underwrite your case and try to preempt any queries the lender may have. Doing a thourough job at this point, helps to speed up the application with the lender.
Obtain an Agreement in Principle
Full application is made to the mortgage lender
Documents uploaded to the lender to support the application
Application agreed subject to a survey
Survey received back from the surveyors and assuming no essential repairs and the property valuation is acceptable
Mortgage offer produced
Solicitors work to draw down the funds and complete on the purchase or remortgage

Paperwork

Typically, Lenders will require:

Proof of ID
Proof of Address
3 Months Bank Statements
3 Months Payslips or 3 years Accounts/Tax Computations And Tax Overview Forms for the self-employed
Proof of Deposit for Purchases

Is it Easier to get a Mortgage Through a Broker?

Yes. In our opinion, it is much easier and for several reasons; you will not have to spend hours on a phone to a bank waiting to speak to someone and then going through a laborious sales process.

You get access to more products as most mortgage brokers have access to hundreds of lenders.

You benefit from someone working on your mortgage application whilst you go about your daily life. If things go wrong (and they often do) you will have someone working on your behalf to find solutions.

A mortgage broker can save you time and money on your mortgage.

Our minimum loan size is £100,000

A mortgage is a loan secured against your home or property. Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.