The firms primary area of expertise is in the provision of mortgage advice and the arranging of mortgage credit. We are passionate about assisting our clients achieve their dream of home ownership and we are one of a small number brokers who deal with every mortgage lender in the intermediary market.
The Mortgage Process
Make An Appointment
The first step to securing your new home is an appointment with one of our expert advisors, either in our city centre office or online via Zoom.
Our offices are situated in South William Street, in the heart of the city centre. We are open from 08:00 to 19:00 from Monday to Friday. Whether you are available in the morning, at lunchtime, or in the evening; we can schedule an appointment that suits your needs.
The Fact-Find Meeting
Our initial consultation (fact-find) meeting generally lasts between 1 to 1.5 hours. This meeting is always free of charge, and will involve a thorough review of your financial circumstances and objectives. Buying a home is one of the biggest financial commitments many of us will ever make and so we will provide as much information as possible about the mortgage and home buying process, as well as answer any questions you might have.
This meeting enables us to give tailored advice, specific to clients individual circumstances.
Processing Your Application
Once you’re ready to proceed with an application, you will be sent a link to our digital application platform, so you can begin to upload the required documentation. Our own-branded documentation is accepted by every bank in the mortgage intermediary market. Each application is assigned an individual advisor who will always be accessible to answer any queries you might have, either over the phone or through the application platform.
Once we have the documentation we need, we can then begin to package your application. Through a combination of experience, up-to-date market knowledge and cutting edge software we will then present your application to the relevant lender(s) in the strongest possible manner.
Approval in Principle
Should your mortgage application be successfully approved, you will then be issued with an Approval in Principle document. This document is not specific to any given property, and it will let you know exactly how much you are eligible for by which lending provider. This allows you to enter the market safe in the knowledge that your funds are in place and with the confidence to begin bidding on properties.
At Frank Lenny Financial, we have a wealth of experience in assisting clients navigate the complicated process of buying a house. It is important to remember that estate agents act on behalf of the property vendor, and not the purchaser. Many of our clients appreciate the peace of mind of having somebody in their corner they can rely on to guide them through this aspect of the process.
Full Loan Offer
Once you have chosen your new property and have had a bid accepted, we will then progress your application to a Full Loan Offer. The Full Loan Offer is the formal legal document which will enable you to sign binding legal contracts with your solicitor to purchase the specific property you have chosen. We will arrange for the Lender’s valuer to carry out their property valuation, and answer any queries you may have in relation to other property surveys.
At this stage we will also usually have a second meeting to discuss once again the specific details of the mortgage you are taking out, such as term, interest rate, and any special lender incentives you may qualify for. Details like these can change week to week in the current market, and so we will continue to make sure that your mortgage is the best fit for you and your circumstances. We will also discuss the remainder of your closing requirements, these can include insurances, both property and life, as well as any specific conditions attaching to your particular offer.
Once we have finalised these closing requirements, we then continue to liaise with your solicitor . ensuring that they are in receipt of everything they require to complete the purchase in line with the closing date agreed between your solicitor and the vendor, While at the same time continuing to work with the lender to ensure a timely issue of the mortgage cheque.
Collect Your Keys
Now comes the fun part! Once all the legal documents are signed and the funds have issued, you can collect the keys to your new home!. All you’ll have to do is turn the key and walk through the door.