How much deposit do I need for a mortgage in Rochdale?

You’ll mostly find that a minimum of a 5% deposit is required. Despite most High Street Lenders requiring this percentage, you’ll find that some lenders may ask for more, especially if you’ve had credit issues in the past

How does our free mortgage consultation in Rochdale work?

During your free mortgage consultation with your dedicated Mortgage Advisor in Rochdale, you will get asked some questions about your current mortgage situation and needs. Once your Advisor knows more about your situation, they can start searching through mortgage products for you, trying to find one that matches your personal and financial situation.

When should I obtain my Agreement in Principle in Rochdale?

We always recommend that you obtain your Agreement in Principle (AIP) as soon as possible. It’s important to have one in place prior to viewing properties.

For a fast AIP turn around, get in touch with your Mortgage Broker in Rochdale. We can usually have one in place within 24-hours of your enquiry.

How long will my Agreement in Principle in Rochdale last?

An Agreement in Principle (AIP) usually lasts between 30-90 days. This can change depending on the lender that you’ve used.

If your AIP expires, you can easily renew it by getting back in touch with your Mortgage Advisors in Rochdale.

Can I get a mortgage in Rochdale with bad credit?

Yes, it can be possible to get a mortgage with bad credit in Rochdale. However, the amount of mortgage products that will be available to you may lower.

Your lender may also require you to put down a higher deposit than the usual 5%. You may even have to provide a 10%-15% deposit.