How does it work?
Once we have confirmed your financial eligibility, the full application will involve (even) more checks by the lender. We'll prepare all your supporting documents to make sure we have the best possible chance for success.
Which documents are required?
Every application will require proofs of identity, address and income, but the full list will depend on the specifics of your case. Your Habito expert will let you know what to prepare in advance.
You won't need to send any originals in the post and you certainly won't need to go anywhere to deliver these in person or sign anything.
How long before I know the outcome?
Once the application has been submitted, it usually takes up to 48 hours for the lender to pick it up for assessment. They will then liaise with us and request your documents. Once this has been satisfied, they will contact the estate agent handling the purchase in order to book a valuation of the property.
What makes a successful application?
The main thing the lender wants to understand is the full picture of your financial commitments, especially how you manage them and if you can be trusted with a loan. Sometimes harsh and not always fair, but that's where we come in.
The lenders require applications to be submitted in a certain way. Our job and expertise is presenting your case in the best way possible; our team will work with the lender's team, supplying and clarifying all the information they need.
What do I need to do?
The most important thing is to tell us everything regarding your financial history. We cannot stress enough how important full disclosure is at this stage so that we can work in your best interest and score the desired outcome without hiccups.