Mortgage broker or go it alone?

Last post I told you all the very exciting news about getting our offer accepted on a property we had viewed.  Almost immediately, the ball started rolling and we were asked to fill in forms telling the estate agent who our solicitor was and where we were getting our mortgage.

One of the reasons I started to blog about our home buying journey was to try and get my head around the process and all of a sudden we found ourselves having to make very big decisions in a very short space of time, including how we apply for the mortgage.

I hope this post will give you a brief introduction into what mortgage brokers are, how they can help you, where to find one and whether you should instead apply for a mortgage on your own.

Continue reading “Mortgage broker or go it alone?”

Like A Rolling Stone

So much has happened in the past month that I didn’t really know where to begin! I was going to break it all down into smaller posts but that has just led me to procrastinate typing it all up so I’m going to just write it all in this post!

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What is an Agreement in Principle (AIP) and why do I need one when buying a property?

The more I learn about the home buying process, the more I think it’s all about the acronyms.  In most of the research I’ve done, the first step of the home buying process, before you even begin to view properties, is proving that your lender MIGHT lend you the money to buy a house.  This is called an Agreement in Principle (AIP), but also can be called a Decision in Principle (DIP), Mortgage Promise or Lending Certificate.

Continue reading “What is an Agreement in Principle (AIP) and why do I need one when buying a property?”