Step 1 – Purchasing power
Contact our team who assess your eligibility and borrowing capacity. Combined with your available cash, this determines your purchasing power.
Step 2 – Key Figures & Mortgage Agreement in Principle
Based on your preferred purchase price level your Springtide broker will provide your personal report detailing –
- Purchase outline (price, debt, equity, loan to value)
- Purchase costs (legals & survey)
- Total required cash
- Mortgage terms (rate, fees, monthly payments)
At this stage, your Springtide broker will secure your formal mortgage agreement in principle with the recommended or preferred lender. This agreement will outline the terms and conditions of your mortgage, providing you with a clear understanding of your borrowing capacity and enabling you to proceed confidently with your property search.
Step 3 – Legal and tax
Appoint a UK solicitor to act on your behalf and advise on all legal aspects of the transaction.
Consider engaging an accountant and tax advisor for financial guidance.
Your Springtide broker can provide recommendations from our preferred panel of solicitors, accountants, and specialist tax advisors to ensure you receive expert assistance throughout the process.
Step 4 – View, Negotiate and Apply
Once you make an offer, please provide the selling agents with the following:
Our contact details along with your mortgage agreement in principle certificate
Your solicitor’s details
Once your offer is accepted:
We will proceed to submit the full mortgage application and manage the process through underwriting, valuation, and offer stages.
Your solicitor will handle all legal enquiries and searches.
During the exchange and completion phase:
Your solicitor will provide you with a comprehensive report on title and will work to agree on the exchange of contracts and completion date.
We will proactively contact you to ensure that your interest is minimised by securing a new rate from your existing lender or facilitating a refinance.