Finance

Purchasing a property, whether it is your first home or whether you are moving on to another, may well require you to make arrangements to obtain finance. Trinity Chambers LLP does not give any financial advice, but there are a number of Independent Financial Advisors or "High Street" banks you can go to.

MORTGAGE SERVICES and FINANCIAL PROVIDERS

• BLACK HORSE OFFSHORE LTD - 01481710411 -

• CHERRY GODFREY - 01481711666 -

• CLOSE FINANCE - 01481740240 -

• FALLA INGROUILLE - 01481714040 -

• GOWER FINANCIAL SERVICES LTD - 01481700155 -

• LOANS GUERNSEY LTD - 01481724888 -

• LOMBARD FINANCE (CI) LTD - 01481727243 -

• NETWORK INSURANCE & FINANCIAL PLANNING - 01481701400

• ORACLE - 01481727347 -

• SARNIA MUTUAL - 01481723501 -

• SKIPTON INTERNATIONAL - 01481730730

• SPF PRIVATE CLIENTS (CI) LTD - 01481715234 -

HIGH STREET BANKS/SAVINGS

• BARCLAYS -

• BUTTERFIELD BANK -

• CO-OPERATIVE BANK -

• HAMBROS -

• HSBC -

• INVESTEC BANK -

• KLEINWORT BENSON -

• LLOYDS BANK -

• RBS INTERNATIONAL -

• SKIPTON INTERNATIONAL -

The process of arranging finance is below. This is just a simple guide which we hope will be of help to you.

Getting an agreement in principle

Obtaining agreement in principle to a loan can be a relatively simple task, but is one that is worthwhile doing before you go too far.  This helps you to understand what you can afford to buy, and what the costs of the transaction will be.  Of course, we will be happy to explain the conveyancing transaction costs to you if you contact us. 

The "full" mortgage application

Full mortgage applications can be quite time consuming to complete, owing to the amount of financial information most lenders will need you to supply and the time it takes for the lender to review your application and supporting documentation.

Property

A valuation or Home Buyers Report will be required to satisfy the bank that the property you wish to buy is suitable security for a mortgage. Please see our section on SURVEYS.

Confirmation of mortgage offer

If you satisfy the Bank that your application is satisfactory, then you will receive a written confirmation of your mortgage offer. This is known as a "Facility Letter" or "Offer Letter". Some Banks require you to sign and return the confirmation and some don't, so read their letter carefully and take advice from a financial advisor if you are unsure.