A Guide To Our Process

From your initial enquiry, you will be assigned a dedicated Mortgage Adviser to walk you through every step

Getting In Touch

Get in Touch

Call us directly (01892 278381) or submit a website enquiry and one of our advisers will be in touch.

The initial call will be about getting to know you - what you're looking to do, what your circumstances & requirements are, and how we can help.

By the time you're off the phone you should already be better placed to understand how much you could borrow, and how this would look in terms of a mortgage.

We'll also take you through all the steps so that you understand exactly how to proceed.

Helping You Prepare

Applying for a mortgage can feel daunting. What documents and information do you need to provide? At Lakewood Mortgage Solutions we take away the stress helping you to collate everything required and explaining to you exactly what options are available, taking away the usual jargon

We will also assist with any protection requirements. A mortgage is one of the biggest commitments you will likely ever have, and it is therefore important to consider how to protect yourself and your family's financial security if you were to become ill or pass away.

Agreement in Principle

Now that with our help you have gathered the required documentation it's time to get you an all important Agreement in Principle (also referred to as a Decision in Principle).

At this stage we will submit initial details to a lender who will run a credit search to confirm they can, in principle, offer you a mortgage. If you are looking to purchase a property you will find an estate agent is likely to ask for this.

Mortgage Application

Now that we have your mortgage agreed in principle and you have found a property (if purchasing) it's time to apply! Your dedicated adviser will do this on your behalf and deal with any enquiries from the lender, ensuring you're up to date every step of the way so that you can sit back and relax whilst we do the heavy lifting

A valuation will also be carried out on the property at this stage, and we will talk you through the options if you wish to have a more in-depth survey carried out

Mortgage Offer

After the valuation has been reviewed and the lender has assessed your application, they will then proceed to issue a Mortgage Offer. This confirms they are happy to lend you the required funds, and is usually valid for 3-6 months.

You may think, as your mortgage broker, that our work is now complete - but not at Lakewood Mortgage Solutions. We'll still be here when you need us, to chase up the legals and continuing to assist with any queries you may have.

Completion and The Future

Completion is the day your remortgage goes through or you receive the keys for your new purchase. Congratulations!

You likely have an initial benefit period to your mortgage (a number of years from which you will benefit from a fixed of tracker/discounted rate).

At the end of this period if nothing is done, your mortgage will revert to the lender's standard variable rate, which is likely to increase your monthly payment.

At Lakewood Mortgage Solutions we'll remain on top of this for you, ensuring we contact you within 6 months prior to this time to review your mortgage. This will ensure you have access to the most competitive rate for the duration of your mortgage, and don't ever end up paying more than required.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT. AS WITH ALL INSURANCE POLICIES, CONDITIONS AND EXCLUSIONS WILL APPLY. NOT ALL BUY TO LET MORTGAGES ARE REGULATED BY THE FINANCIAL CONDUCT AUTHORITY. Lakewood Mortgage Solutions Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority. Registered Office: Lakewood Mortgage Solutions Ltd, 15 Lakewood Drive, Tunbridge Wells, Kent, TN2 3FH. Registered Company Number: 13242678 Registered in England and Wales. Typically we charge a fee of £495 for arranging a mortgage, however, the actual fee will depend on your circumstances. £250 is payable on application and a further £245 on completion of the mortgage.