UK MORTGAGE : CREDIT SCORE එක රැක ගන්න ඕනි ඇයි? : EPISODE 05

Contact Us: BVS Mortgages & Financial Services Ltd
📞 020 7183 8343
📅 Book your Fee free consultation: https://calendly.com/advise-bvsmortga...
📌 Scan the barcode in the video description for quick access!


In our first episode, we introduced you to our BVS Mortgages & Financial Services Advisors and covered key topics related to mortgages and protection. We provided a brief overview of the services we offer, including residential mortgages, buy-to-let, remortgages, Special Purpose Vehicles (SPVs), protection services, and commercial mortgages.


In the second episode , we delved into crucial mortgage topics, such as:
• How your visa status can affect your mortgage application
• Whether foreign nationals are eligible to apply for a mortgage
• UK residency time restrictions and their impact
• Deposit requirements for different types of mortgages
• Deposit schemes available, including options for £0 deposits and £5K deposits

In our third episode, we explored essential topics, including:
• The mortgage process: from start to finish
• Choosing the best locations to buy property
• Timing your property investment with market insights
• Weighing the pros and cons of new builds vs. old builds
• And many more insights to support your buying journey!

In our fourth episode, we provided valuable guidance on topics such as:
• The ideal time to buy property: Market timing and tips
• Property types in the UK: An overview
• Finding the right property in the UK: Practical tips and resources
• The solicitor’s role in the buying process
• Plus, plenty of insights to help you navigate the UK property market!

In this episode, we’re diving into even more essential topics, including:
• Do you need an excellent credit rating to buy property in the UK?
• What are the typical lender fees and charges?
• Does having a Decision in Principle (DIP) guarantee mortgage approval? And why it’s still essential!
• How a DIP affects your credit score.
• Mortgage offer validity: How long it lasts, and how this differs for new builds.
• What happens if your mortgage offer expires before completion?

Coming up in our next episode:
• Can you apply for a mortgage with a partner (e.g., JBSP, Multiple Borrowers)?
• What is stamp duty, and how much will you need to pay?
• What are the ongoing costs associated with a mortgage?
• What are early repayment charges?
• Can you overpay on your mortgage?

Stay tuned for all these insights to help make your property journey smoother!
If you have any questions, drop them in the comments, and we’ll be happy to cover them in future videos!

Meet our BVS Mortgage Advisor Panel:

Roshan Vitharanage - Director/Senior Financial Adviser
Sella De Silva - COD/Senior Financial Adviser
Sam Makalandawa - Senior Financial Adviser
Ravinda Ranchagodage Don - Financial Adviser
Angelo Burkey - Financial Adviser
Lahiri Ishani Hettiarachchi - Financial Adviser
Dinesh De Silva - Financial Adviser