The Bluechip process
1. We get to know you
Everything starts with a simple conversation. Whether over the phone or a face-to-face meeting, we will get to understand why type of mortgage or financial product you are looking for and for which type or property or project. You’ll need to share some personal information with us about your financial circumstances, employment status and how much you’re looking to borrow and we’ll explain our clear fee structure, which is typically a one-off payment of £ 495.
2. We research the market for you
We will then assess your circumstances and goals to research the whole market to try and find a solution that aligns with your situation. We will then be in a position to recommend loans based upon your affordability and suitability criteria. You can then decide whether you would like us to act on your behalf to process on application for a mortgage with the right lender who offers the right terms for you.
3. We gather all the information we need from you
At this point, it’s all systems go. We’ll issue you with a more detailed Key Facts Illustration document that you’ll need to complete and advise you of evidence that we’ll need to provide to the lender. This is usually proof of your identification, income, existing address and employment status.
4. We process the application for you
Once we’ve found the most suitable product for you, we will formally process the mortgage application and you can sit back and relax while we handle everything from providing the lender with the right documentation to arranging surveys and valuations.If you haven’t yet found the right property or a vendor requires you to prove that you will be able to get the funds to proceed with the purchase before accepting your offer, we can apply for a mortgage in principle. This is basically confirmation from the lender that you are likely to get approved for a mortgage subject to you providing the necessary paperwork and a satisfactory survey and valuation being done.
5. We keep you informed at every stage
Along the way, we’ll be in constant contact with you and the lender, making sure the process is as smooth as possible. Should any issues arise, such as the lender requiring additional information or the survey unveiling a problem with the property, we’ll let you know and come up with the best solution to overcome any hurdles. Likewise, if you have any questions or all, you can contact your dedicated Bluechip mortgage adviser.
6. We receive your mortgage offer
As soon as we’ve received the mortgage offer, we make our favourite type of calls to give you the great news that your application has been approved. If it’s a remortgage, then we’ll inform you of your first payment date with the new lender or on your new product.
7. Protecting you for the future
During your mortgage application process, we’ll work with you to determine what your protection needs are to ensure that enjoying your new home isn’t a threat because of illness or the death of either you or your Partner. This is an additional service we provide and it’s optional but we think an essential part of making sure that you and your loved ones have a secure financial future.
Our commitment to delivering the best possible levels of service starts with a simple conversation. By talking with one of our friendly and approachable mortgage advisors you’ll enable us to understand exactly what you’re looking for and your current circumstances. We can then provide you with honest and transparent advice about the potential lending solutions available, the different rates and terms and which products are most suited to your needs. This involves understanding everything from your available equity and deposit to your income, monthly repayment goals and your future plans, If you’re a landlord investor, then we take a holistic view of your entire portfolio.
If you’re as confident as we are that we’ll be able to find you the right mortgage, then we’ll agree our brokerage fee – s for establishing your needs, undertaking research and making a recommendation, we charge a fee of £495.
Why use the services of a mortgage broker?
There are thousands of lenders who can offer clients great deals directly and while this approach means you can avoid broker fees, there will often be a single set of criteria and limited choice of mortgage products available. If you’re unsure of which type of mortgage you need to suit your property, your circumstances, and your income, then you could, in fact, pay thousands more in the long-term.
At Bluechip Financial, we understand that applying for a mortgage directly can be the best option for some of our clients and if that’s the case, we’ll tell you. We want what’s best for you, not for our bottom line, knowing that this approach is appreciated should you ever need the services of a mortgage broker. However, if we are confident that we can find you a better deal, then we charge a one-off competitive fee to research the entire market and secure the right lender and the right product for you.
Our resourcefulness means we can secure mortgages and finance with the right criteria and terms, even if your situation is complex and difficult. We take care of application processing, lender communication, and administration and even liaise with your estate agent if applicable, to ensure we are on track to meet any strict timescales. Our successful track-record and efficient service mean we also have strong relationships with lenders and can fast-track mortgage applications.
If you value your time and expert advice. then let us handle all of your mortgaging and finance needs.
© 2017 BlueChip Financial | Designed by Digi Toolbox Ltd
For establishing your needs, undertaking research and making a recommendation, we charge a fee of £495.
Bluechip Financial Ltd is an appointed representative of TenetConnect Limited which is authorized and regulated by the Financial Conduct Authority. Tenet Connect Limited is entered on the Financial Services Register (www.fco.org.uk/register) under reference 149826.
Registered office address: 5 Birch Tree Gardens, East Grinstead, West Sussex RH19 2BJ
Phone: 01202 692 222
Registered in England and Wales under reference 06233796.
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The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.