South London Residential and Commercial Property Mortgages

Mortgage and Property Frequently Asked Questions

What is an AIP

AIP stands for Agreement in Principle .This is a provisional lending decision with a mortgage lender confirming that they are willing to lend you a sum of money towards buying your house, residential or commercial property.

Can I pay my mortgage off early

If you do decide to pay off your mortgage early most lenders will charge you an early repayment fee also known as the “Redemption Fee” according to the agreement against your property.

Can I get a mortgage with bad credit history

If you have a bad credit or bad debt history against you, it can be very difficult to obtain a property loan through most mortgage lenders. There are specialist lenders who will lend to people with a CCJ or other credit problems funds towards buying the property.

What is MIG and will I have to pay it?

MIG is defined as a Mortgage Indemnity Guarantee Insurance. The MIG is a one off premium paid by the borrower to an insurance company on high loan to value (LTV) mortgages just in case the property is being repossessed and sold at a loss, the lender can recoup any losses from the insurance company.

With so many property mortgage lenders out there, is it difficult to find out what the best deals are. Arrange an appointment today with one of our property agent in Streatham and get access to the property market today for the best mortgage deals for your desired home, overseas investment or commercial property.

Our mortgage advisers can help you to buy your own home, whether you are a first time property buyer, Self Employed, have adverse credit or interested in Buy to Let property investments.

Confirm how much deposit you need to secure the property and the maximum amount that you can borrow by completing our property enquiry form today.