Providing Award Winning Mortgage Advice for Bath’s #1 Apartment Specialists.
With a wealth of knowledge on properties in Bath, Willow Brook Mortgages are proud to provide the mortgage advice for The Apartment Company. Whether you are looking to purchase a newly build apartment or flat or something more historical like a converted Victorian townhouse, we can find you the best mortgage deal. We have a vast knowledge in the Bath property market to help ensure your purchase goes smoothly. Our experienced advisors can help you with your first mortgage, moving house, buying a rental property or managing your portfolio of properties.
Why Use Willow Brook Mortgages:
A bespoke service with your own dedicated advisor who you can call or email with any queries along the journey
Expert advice from advisors with a wealth of knowledge in the mortgage industry
A decision in principle to show the mortgage available for you and the option for a credit search to secure this
Access to over 100 lenders so we can find you the best mortgage deal
The Buying Process
- Speak to Willow Brook Mortgages so that we can discuss your circumstances and establish how much you can buy a property for. We will discuss your deposit, monthly payments and ensure you have everything ready to start your property search
- The property search begins – you will be able to view properties and speak to The Apartment company about the properties available for you
- Find your dream apartment or flat and put an offer in on the property to secure a price. Once your offer has been agreed by the vendor, we can get the mortgage underway.
- Your mortgage broker at Willow Brook Mortgages will discuss your mortgage with you in more depth and find you the best mortgage deal from over 100 lenders. We will request any documents required to support your mortgage application and submit the application across to the lender on your behalf
- Instruct your solicitors – The apartment company will recommend a solicitor for you to use when purchasing the property. The recommended solicitors will have experience on the Bath property market and any niche areas to be aware of to make sure your purchase goes smoothly and securely for you.
- The lender will instruct a valuation to check they are happy with the property you are buying. The apartment company will arrange this with the surveyor.
- Your mortgage offer will be issued – if there are any queries from the lender along the way, we will contact you for any additional information. Your advisor and case progression manager will look after everything throughout the process, so you have a direct contact, no long wait times and no call centre environments.
- Solicitors will finalise everything to ensure they are happy with the property you are buying. Everything will now be in place to exchange contracts and completion will be scheduled.
- Get your keys and move in – let the celebrations begin!
Why Is It Important To Use A Mortgage Broker When Purchasing A Flat Or Apartment?
They will often be leasehold which means you will have a lease remaining on the property. Lenders vary in the time they require to be left on the lease, at the point of applying for a mortgage as well as at the end of your mortgage. Lenders criteria varies on these figures, so we can ensure you are going with the right lender to meet your requirements.
Flats and apartments will often carry a ground rent and service charge which is paid monthly. This monthly payment looks after your communal areas, often your buildings insurance and also costly repairs that might be required to the external building. Your solicitor will be able to clarify the full breakdown of cover. This monthly cost is factored in to your mortgage affordability so we will ensure that the mortgage remains affordable for the lender.
Flats and apartments addresses are often formatted differently. You will need to ensure that your mortgage is approved for the correct address to match the title for the property. This is often overlooked by mortgage brokers and can cause timely delays further down the line.
When looking at apartments and flats in Bath, there are a lot of listed buildings. It is important to ensure the lender you are using for your mortgage is aware of this and is happy to lend on the grade of listing. Willow Brook Mortgages will check these things for you prior to applying for a mortgage, to avoid any declined applications.
