Fox Davidson secure all types of mortgages; Residential mortgages, Buy to let mortgages and Commercial Mortgages.
Little India, Singapore
Residential mortgages are loans secured against property that either you or your family will occupy. This could be a loan on your main residence, a loan on a property for a dependent relative or a holiday home for your own use.
As an independent mortgage broker, Fox Davidson search 1,000’s of mortgage products and secure the most cost effective mortgage solution to match your situation and your homeowner mortgage needs.
All residential homeowner loans are regulated by the Financial Services Authority. All regulated loans are subject to stringent checks by the mortgage broker and the mortgage lender.
As a minimum the following will paperwork will be required to process a residential mortgage application:
Proof of ID
Proof of Address
3 Months Bank Statements
3 Months Payslips or 2 years Accounts/SA302’s and Tax Overview Forms
Proof of Deposit for Purchases
The Mortgage Application Process.
Application made to the mortgage lender
Documents uploaded to the lender to support the application
Application agreed subject to a survey
Survey received back from the surveyors and assuming no essential repairs and the property valuation is acceptable
Mortgage offer produced
Solicitors work to draw down the funds and complete on the purchase or remortgage
The whole application to completion timescale for a homeowner mortgage is around 6 weeks for a remortgage and approx. 2 – 3 months for a purchase. Your mortgage broker and allocated administrator will look after the whole process for you from application through to completion. They will liaise with you to keep you updated but will also liaise with the estate agents, the surveyors and the solicitors to bring about a swift conclusion.