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The Meaningful Money Personal Finance Podcast

Oct 14, 2015

The mortgage application process got more difficult last year, and right now, I’m experiencing this first hand. Today I talk to leading mortgage broker Andrew Montlake of Coreco, and he’s going to tell us what we need to KNOW, and what we need to DO when applying for a mortgage.

Session 131 Applying for a mortgage

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In this session you will discover:

  • What the mortgage application process involves
  • How the Mortgage Market Review has made applying for a mortgage more difficult
  • Why affordability is a bigger deal than income multiples when working out how much you can borrow
  • How to make your life easier when applying for a mortgage
  • The advantages of using a mortgage broker over going direct

Since recording this session, my mortgage has been agreed, thankfully! But the whole mortgage application process has really got me thinking and I'll be putting together a blog post about it very soon. in the meantime, there is tons of value in this conversation with Monty - enjoy!