The Best Fit Mortgages LTD Application Process: A Client's Guide

Here's what you can expect when you work with us:

1. Initial Enquiry

Your journey begins when you reach out to us. We'll discuss your specific needs and circumstances to determine if we can assist you. With access to over 180 lenders covering all types of finance, we're well-equipped to handle a wide range of mortgage requirements.

2. Terms of Business

If we can help, we'll provide you with our Terms of Business (TOB). This document outlines our services, fees, and the terms under which we operate.

3. Fact Find and Documentation

We'll conduct a comprehensive fact find to understand your financial situation, goals, and preferences. We'll also ask you to provide essential documents, including:

• Credit report

• Last three months bank account statements

• Proof of residential address (e.g., utility bill, council tax bill)

• Proof of identification (passport or driving licence)

• Proof of income (payslips for employed, tax calculations and overviews for self-employed) These documents help us understand your financial health and strengthen your mortgage application.

4. Research and Recommendation

We will thoroughly research lender options to find the best fit for your unique needs. With access to over 180 lenders covering all types of finance, we are well-equipped to handle even the most complex cases.

5. Decision in Principle (DIP)

We'll outline our recommendation and, with your agreement, proceed to obtain a Decision in Principle (DIP). This involves a credit search. If successful, we'll issue you a DIP, indicating the lender is likely to approve your application, subject to further checks.

6. Formal Quotation and Explanation

You'll receive a formal quotation (Key Facts Illustration or European Standardised Information Sheet) along with a Reasons Why Summary. We'll explain every aspect of the recommended mortgage product to ensure you fully understand the offer.

7. Full Application

With your agreement to proceed, we'll submit the full mortgage application. We may collect any applicable fees at this stage. You'll need to provide additional information for the application, but don't worry - we're here to help. We can assist you in finding a suitable solicitor for the legal work and arrange the property survey on your behalf, making the process even smoother for you.

8. Application Tracking and Updates

We'll track the progress of your application and keep you updated throughout the process. You can reach out at any time with questions or concerns.

9. Mortgage Offer

When the lender issues the mortgage offer, we'll check it for accuracy and discuss it with you.

10. Completion

We'll support you through to completion of your mortgage. After completion, we'll schedule a review date to ensure your mortgage continues to meet your needs in the future.

At Best Fit Mortgages LTD, we're committed to finding you the most suitable mortgage product while making the application process as clear and straightforward as possible. Our expertise and access to a wide range of lenders mean we can often find solutions even for most complex cases.