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| Frequently Asked Questions: |
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| Generally yes, a provisional mortgage agreement may strengthen any offer you make to buy a property and it also removes any uncertainty you may have about whether you qualify for a mortgage. | |
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| We recommend that you contact us to discuss your mortgage requirements, during our discussion we will confirm whether an agreement in principle will suit your circumstances. The agreement in principle can be completed over the phone (0800 756 9556) or we can email you an enquiry form to complete. | |
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| We are often able to obtain an agreement in principle the same working day. A mortgage lending decision is often available within a matter of hours during standard office hours. Dependent on your situation and the lender used to obtain an agreement in principle, the lending decision may take longer to obtain. If you require an agreement in principle urgently, please inform your adviser when first contacting us. | |
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An agreement in principle involves a credit search and most lenders leave a record of this search on your credit file. Multiple credit searches within a short period of time may reduce your credit rating; for this reason we usually recommend that you only obtain one agreement in principle. |
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| An agreement in principle does not reserve a mortgage product. The final decision regarding which mortgage lender has the most suitable product will not be made until you are ready to proceed with a full mortgage application. | |
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| The agreement in principle is not legally binding on the lender and the agreement is subject to the valuation of the property and proof of income, as well as any references requested by the lender. | |
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Smaart Associates is authorised and regulated by the Financial Services Authority and is entered on the FSA Register (www.fsa.gov.uk/register) under reference 300530. The FSA does not regulate credit cards, personal loans or some investment mortgage contracts. Some Buy To Let mortgages are regulated by the Consumer Credit Act (CCA).
By following some of the links from this site you may be directed to services provided by a third party. Where this occurs we are not responsible for the information provided and accept no responsibility for its accuracy.
Smaart Associates Limited is registered in England No: 4325522. Loans are subject to status, type and value of property. Insurance may be required. Minimum age 18.
The guidance contained within this website is subject to the UK Regulatory regime and is therefore primarily restricted to consumers based in the UK.
Head office:
Smaart Associates Limited
Sandy Farm Business Centre,
The Sands,
Farnham, Surrey,
GU10 1PX
Registered office: 6a Dickensons Place, London, SE25 5HL
Meetings by appointment only
Telephone calls may be recorded for training and monitoring purposes
As a mortgage broker we receive a fee from lenders with whom we place mortgage business. Where we arrange mortgages from £75,000 upwards we do not charge a fee. Click here for additional services including our costs for those wishing to borrow less than £75,000.