Main Navigation Developments Gallery Contact Us More Homebuyer’s Guide Buying Steps The Mortgage Process Moving House Additional Information The Mortgage Process When buying your new Ogilvie home, finding the best mortgage for your circumstances is a crucial part of the process. Ogilvie recommend Premier Choice Mortgages who are Independent Mortgage Advisors. They will guide you through the mortgage process and will search the whole of the mortgage market in order to provide you with the cheapest mortgage available. Their advisors are available 7 days per week with evening or weekend appointments to suit. As a client of Ogilvie Homes, the advice is completely free of charge, with no obligation whatsoever. Kenneth Kelly Premier Choice Mortgages 01698 276493 info@premierchoicemortgages.co.uk Tracy Telford Kyle Financial Ltd 07706 229517 tracy@kyle-financial.co.uk Timing – Arrange your mortgage well in advance as obtaining finance is often crucial to buying a new house. AIP – the first stage in the mortgage process is to obtain an Approval In Principle. This means that a lender will ask you for information on your circumstances (address, income, outgoings etc.). The lender will then submit this information onto their system and the system will carry out a credit check. A credit check involves checking your credit history and payment record. When the credit check is returned (normally instantly), the lender will inform you if you have been approved or not. Lenders will differ in their lending criteria and some will lend more amounts than others. If you have been unsuccessful with one lender it does not necessarily mean that you will not be able to obtain a mortgage. You may want to obtain an approval in principle before reserving property. Full Mortgage Application – a full application involves moving your application forward from the approval in principle stage. At this stage the lender may require documentary evidence to confirm the information you have supplied at the approval in principle stage e.g. payslips, identification etc. The lender will also require a valuation of the property to be carried out. The Mortgage Offer – when the lender has received all the relevant documentation and they are satisfied with your application, they will issue the Mortgage Offer. A copy will be sent to yourself and a copy will be sent to your solicitor. The mortgage offer is an agreement in writing from the lender setting out the terms and conditions (monthly payments etc) of your mortgage. The mortgage offer needs to be issued before your solicitor can obtain the funds from the lender to complete your purchase. A mortgage offer will be valid for a certain period of time depending on lender. With some lenders this will be 6 months but with others it may be shorter. You need to ensure that the entry date for your property falls within this period. Some lenders will be able to extend their mortgage offers, given certain circumstances. Download MORE DETAILS Ogilvie Homes Home Gallery Contact Us Developments Claver Mill, Dundee Drovers Gate, Crieff Highfield Park, Bo’Ness Orchid Park, Plean Rosebank, Dunipace The Heathers, Newtyle The King’s Meadow, Stilring More Ogilvie Recruitment Location Map Pre-Owned Properties Consumer Code Buying Steps The Mortgage Process Customer Care Property Log Book Legals Legal Privacy Environmental Policy Cookie Policy Health and Safety Ogilvie Group Ogilvie Construction Ogilvie Fleet Ogilvie Surveying Net-Defence 01786 811811 homes@ogilviehomes.co.uk Ogilvie Homes Limited Ogilvie House, Pirnhall Business Park 200 Glasgow Road, Stirling FK7 8ES Ogilvie Homes is a registered company in Scotland with company number SC91421 Designed & built by The Buzz Agency Limited © 2014 – 2021 consumercodeforhomebuilders We use cookies to optimise our website and our service. Cookie Policy Functional Statistics Marketing Accept all Save preferences