Perfect Mortgage: Simplified Guidance and Solutions

Access dependable professional guidance and a flexible strategy catered to your interests. We simplify the procedure to ensure you can quickly get the house you want. With mortgage consultants in Cheshire, you get access to unique rates from leading UK lenders; all of our information is presented simply, without technical jargon.

Dependable Advisors Committed to Your Success

Rely on our dependable advisors. We take great satisfaction in our objectivity and are committed to finding the best mortgage for your circumstances. We search the market for the best offers and adjust to your preferences without any hassle, whether you would rather phone, visit a branch, or use our online interface.

Simplified Process and Exclusive Rates

We simplify the procedure, giving you exclusive access to a range of mortgage rates to meet your unique needs. The duration of your search may vary depending on several factors, including:

●       Properties in your preferred location are available.

●       Identifying a house that meets your budget.

●       Readiness to make improvements to the property.

●       The hurry with which you must relocate.

When applying for a mortgage with an overdraft, the following issues may arise:

●       The amount of the overdraft may affect your affordability estimate.

●       If your overdraft limit has been reached.

●       Frequent use of an overdraft (this is the most common issue).

●       Application for or recent increase in your overdraft amount.

Each of these situations affects your mortgage application differently, and each has subtleties that can sometimes make it a non-issue and other times result in a refusal.

The Effects of Overdrafts on Affordability

Generally speaking, having or utilising an overdraft doesn't significantly impact your affordability. This is because overdrafts are typically categorised as "low-level borrowing," and the amounts on an average overdraft don't seriously impair your finances. When your overdraft is considered, you will often see a slight decrease in your affordability; in unusual situations, you may not see any decrease at all.

However, overdraft values can sometimes significantly affect your affordability. It becomes more complicated when you actively use those overdrafts. Like with credit cards, an unused overdraft usually doesn't lead to issues with affordability, even if you have access to the money. However, you'll likely find that using the overdraft has a detrimental effect on your affordability.

You'll see that there is no final response in this section because each lender has its policies on overdrafts and affordability assessments. You should be aware that utilising an overdraft, as well as owning an overdraft facility, will lower your affordability score. These things can be intimidating, so call the mortgage consultants in Cheshire without delay. YOUR HOME (OR PROPERTY) MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

A FEE MAY BE CHARGED FOR MORTGAGE ADVICE. THE EXACT AMOUNT WILL DEPEND ON YOUR CIRCUMSTANCES.