Understanding the role of a conveyancing solicitor and what they do for you
Buying or selling a property is a major event and getting to know a little more about what a solicitor does on your behalf when you buy and/or sell your home is helpful.
Personal Recommendation
At Save On Mortgages, we highly recommend Kathryn Garbett, at Thompson and Jackson solicitors who we've used personally for our conveyancing needs. Her professionalism, expertise, and dedication have made our property transactions smooth and stress free. We trust Kathryn to provide the same excellent service to our clients. You can contact Kathryn Garbett directly by email at kathryn@thompsonandjackson.co.uk
Just let her know the friendly team at Save On Mortgages put you in touch!
Conclusion
Having the right professionals to guide you can make the process much smoother. One key professional in this journey is a conveyancing solicitor. Choosing the right conveyancing solicitor is crucial for a successful property transaction. They ensure that all legal aspects are handled correctly, protecting your interests and making the process as smooth as possible. If you're considering a property transaction, enlisting the help of a conveyancing solicitor is a wise decision that can save you time, money, and hassle.
Seven thoughts when thinking about applying for a mortgage
Register to vote: Lenders use the electoral roll data for identity checks – they’re checking you’re who you say you are and live where you say you live. If you’re not on the electoral roll you can register to vote using this link https://www.gov.uk/register-to-vote
Always pay all bills on time: It’s essential you pay ALL bills on time as missed and late payments count against you in your credit history. Simply missing just one minimum payment on a credit card may make the difference when applying for a mortgage.
Correct credit report errors ASAP: You’ve the right to have an error corrected if the information held about your credit history is wrong on your file. You can do this by contacting lender. There are organisations in the UK where you can check your credit report for FREE. Basically, you sign up for a free 30-day trial. Checkmyfile - try it free for 30 days, £14.99 after, cancel anytime. https://www.checkmyfile.partners/DHJRN2Q/2CTPL/
Don’t apply for other credit just before a mortgage: Try not to apply for credit in the three to six months before applying for a mortgage. Every time you apply for a loan a search is registered on your file. The more searches you have in a short time the less likely you are to be granted credit.
Use a fee free mortgage broker: With many UK mortgage lenders offering a myriad of mortgage deals, people aren’t just spoilt for choice but frequently confused about which is the best mortgage product for their circumstances. A fee free whole of market broker, like Save On Mortgages, can do the leg work for you at absolutely no cost to you.
Mortgages for the self-employed: If you’re self-employed isn’t doesn’t mean you can’t get a mortgage. If you think you might struggle to get a mortgage because of your employment status, a fee free mortgage broker, like Save On Mortgages, can place you with a lender more likely to accept you.
Get organised with your paperwork: Lenders may want to see any or all of the following: Last three months’ payslips; Last three months’ bank statements; Latest P60 tax form; Proof of bonuses; Last three years’ tax returns or accounts; Proof of deposit (savings account statements); ID documentation such as driving licence and passport; Proof of address (utility bills / credit card statements).
