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Your home may be repossessed if you do not keep up repayments on your mortgage

DON'T RENT THAT HOUSE! BUY IT! 
Buying a house means you are buying a new brick every month
Renting a house means you are buying that same brick for your landlord!
What will Derry Mortgage Centre do for me?
We are commited to ensuring we get the keys to your new home so we promise we will:
  • Visit with you in your own home to discuss wants and needs.
  • Explain every stage of the process clearly.
  • Take you through the full application process.
  • Liase between the lender and yourself. 
  • Ensure that you are given the right protection for your needs and budget.
  • See you through the front door of your own first home with a bottle of champagne
  • Keep in contact for your remortgage and renewal needs.
  • Be there for you for all your Mortgage & Protection needs
We All Have To Start Somewhere!
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Mortgage Calculator
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What costs are involved?

You also need to take the following costs into consideration:

  • mortgage repayments
  • mortgage protection insurance for if you fall ill or lose your job *
  • life assurance to enable your family to pay off the mortgage if you die
  • contents insurance against the risk of theft, fire, flood or other accidents
  • council tax and water charges
  • gas, electricity, telephone, etc
  • ground rent and service charges may apply

As part of the process of buying a house or flat you may also need to pay for:

  • a solicitor or licensed conveyancer
  • an independent survey
  • the mortgage to be arranged
  • the Land Registry fee
  • Stamp Duty

 

*Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against the loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk 



Derry Mortgage Centre has been at the forefront of mortgage advice for the city for several years. We have access to the major lenders available in the United Kingdom.

Using state of the art mortgage sourcing systems to ensure you get the latest offers the lenders have to offer and using years of mortgage experience we can ensure that you get the right mortgage from the right lender for the right price.

The Mortgage Process
Assuming you have now found your new house and  have made your offer for purchase it is now time to find your mortgage.
Derry Mortgage Centre is here to help and guide you through the whole homebuying or remortgage process.
  • AIP (Agreement in Principle) - this is a credit check and affordability check on the applicants
  • Application - Filling out the lenders application forms to register for the mortgage product of your choice.
  • We will advise you on the documentary requirements the lenders request for the application
  • Valuation - The house will be valued by the lender to ensure that it falls within their criteria for value and structural integrity
  • Mortgage Offer - This is when the lender has passed the applicants and property as suitable security for the loan.
  • Legals - Solicitors will work to ensure that all the correct searches are made both on the applicants and also the property. They will create new deeds for the applicants and show the lenders interest over the funds to be released.
  • Completion - The lender will release the funds to the solicitor and he will then complete the purchase/remortgage process and the deeds will be registered in the applicants name. 

You are under no obligation to use our services but if you would like any free initial advice or just to know your options then please feel free to leave some information and we will get back to you.
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