Applying for a Mortgage in 2024 | A Beginners Guide to the UK Mortgage Market

If you're a beginner, and need mortgages explained, from the very basics....this is the place to start. We talk you through what a mortgage is, explaining some of the most common jargon you'll come across, and importantly we'll talk you through the process you'll need to go through to get your own mortgage, and help you buy your dream home!

If you would like fee free advice: Call on 01225 690 120

Crescent Mortgages are a fee free broker

WARNING - YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Crescent Mortgages is an appointed representative of PRIMIS Mortgage Network PRIMIS Mortgage Network is a trading style of Advance Mortgage Funding Limited which is authorised and regulated by the Financial Conduct Authority.

[alanafoley-evans]

Really needed this video as a young first time buyer. already had our first meeting with a mortgage advisor. but didn't understand all too much of it. thank you so much

[NS-kchb]

As a recently qualified broker I found this really useful revising over the steps of the process

[annacollier]

Great video guys! Stellar editing too 👌

[figdrop]

Wow, I have been trying to find this information everywhere. The way you've laid out the process is so incredibly helpful. Thank you so much for this video.

[pattersonellen]

Do the brokers charge both the lender a commission and the buyer a fee?

[efeobominuru]

Hi Thanks for you video. Really helpful.
Got a quick question.
In the process of buying a property at the minute and I plan to renovate and extend within one year as its in a poor state (house price is also cheaper). Question is what type of mortgage rate type do I buy ? 2/3/5 years fixed rate or variable mortgage ?

[its_dianafeng]

So should I get my mortgage approve before I start looking? but how do I know how much I will need to borrow?

[chidieberevalentineekuma]

Thanks for this video. Does one need to have the complete 5 or 10% at hand before contacting or speaking to a mortgage advisor?

[CagedPaps]

Maybe a tough/awkward one for you to answer, but how do you find a good broker? Would you ever meet with multiple and see who comes back with the best offer? Seems a bit sleazy so, if picking one - should I be looking to see if they have certain certs or memberships listed on their site first?

[silviamateosvicente]

Great video! Thanks for sharing.
Would you recommend using a broker who charges a fee? Or looking for one that gets paid just by the lender? Is there any difference?

[Mbegum]

I had an offer accepted about a week ago and now im going through the mortgage application, thankfully we will be eligable and in good position for the lender to accept us. My question is, although me and my husband and the broker are aware we will be accepted but due to the long wait for the mortgage ti be approved, can i instruct the solicitor now? Whilst waiting for the approval..

[ac-uhlo]

Thank you! If you ever think you're being too basic, please don't. You don't realise how little some people know (e.g. me). Stupidly, you never really learn this stuff until you go and do it!

Can I call any broker? Or should it be a mortgage broker in my area? I am London based.

Also, I have money coming from my job (around 8k) in October, but I want to start looking now for properties because I'm hoping to buy before the NY. Do you have to have all the money for the deposit before you start?

[rafatshean]

Salam sister and brother and family
I hope you get better soon inshallah 🙏 sister

[lavayuki]

Can you get a mortgage if you just got a new job? I ended my previous job a few months ago, and it took me 3 months to find another job which I just started. Can I still get a mortgage or would i have to wait a certain period of time in this job?

[jamierogers]

I have a fair credit score but my partner had a good credit score am i likely to get approved on one one?

[maxwellblack]

How do mortgage Brooke’s make money on the backend from the deals completed?

1 avenue from the client directly, paying for the service, then 2nd from the lender

[nataliusiunia]

can you change the schemes from variable to fixed?

[Addiisonn]

This is really helpful, thank you! Have you got any advice for first time buyers with dependents - obviously income plays a massive part and it's all on an individual basis but how do dependents affect potential mortgage offers?

[g.p]

Whoa!! An AIP from a Mortgage broker is absolutely worthless! The broker is not lending you the money. The AIP must come from the lender. Not good advice IMO!

[Mytakemedia]

I think I was your 1000th subscriber 🎉 can anyone around the country use you guys?