I am delighted to commence this week’s column with the fantastic news that AToM has received a national mortgage lender award! We have been awarded ‘Best Residential Mortgage Packager’ by the lender Precise Mortgages, for the fifth year in a row! It’s rare for lenders to issue awards, so this is really special and great recognition. We have a super team at AToM and this award is real credit to the hard work the staff have put in during the recent tough market conditions.
As a Mortgage Packager, not only do we work with the general public, but nationally too with many Accountants, Mortgage Brokers, Independent Financial Advisers and Estate Agents. With over 8,000 registered introducers on our databases, lenders use AToM to offer their mortgage products seeking quick distribution and marketing to all of the above. This often means that we see exclusive deals, new lenders and product innovations, ahead of the general marketplace. AToM also collates information for the lenders, obtains employer or accountant references, instructs valuations, obtains mortgage offers and in some cases has the lenders own underwriters in our offices, enabling a quicker turnaround.
With this in mind, actually placing a mortgage with a lender is not normally difficult. The hardest part, in the recent climates, is getting the mortgage through to completion! To assist this, try not to give lenders an excuse to decline your application or refuse to lend to you. Try to pay bills on time, don’t miss payments, and especially not mortgage payments! Any missed (or sometimes late) payments will be registered on your credit file and this is normally used as the basis of a decision to lend to you, or not! Ensure you disclose everything upfront as lenders hate surprises! Remember that lenders can re-credit search/credit score you right throughout the whole mortgage process.
So in short, we are a little bit like Doctor Who’s Tardis. The AToM shop front opens onto a business which has much, much more going on behind the scenes!