In this section: Mortgage Guides Tools & Calculators Compare Mortgages Apply for a Mortgage Insurance
Moving home
Let's be honest, buying a home can be stressful, particularly for your wallet. We've tried to make things a little bit easier for you by taking you through the whole process step by step, after all you're moving on to a brand new home.
Just because you're a next time buyer, doesn't necessarily mean you're an expert in the home buying process – you may have even forgotten it entirely. So, to help out we've put together an easy to follow process, including some really helpful resources for you to use as you go along. Everything you need to know is right here, so get comfy and have a browse.
Read on to understand all the steps you'll go through, from learning about the process to completing your mortgage application. It's a big page, but then again buying a home is a big deal, so you'll have to scroll down to take it all in.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Recap on the home buying process
This section will hopefully refresh your memory.
Before you apply for your mortgage it's a good idea to remind yourself about how mortgages work and the options available to you. There are a couple of other costs you'll need to factor in such as valuation fee's and legal costs (bet you hadn't forgotten that bit), but don't worry our mortgage guides cover those as well.
Anytime you want to chat just give us a call on 0800 0285 277*
Work out your finances
Don't worry, we'll help you with it.
Now that your memory is refreshed you'll probably want to jump straight in and see what you can afford this time round. To help, we've created some great tools to work out how much you can afford to pay on a new mortgage, and what we might be able to lend you based on your current circumstances. Once you're comfortable with what you can afford, (remember to factor in the other costs we told you about in the 'Fees and costs' guide) you can have a look at the mortgages we have on offer at Northern Rock that could be suitable for you.
Find and compare mortgages
Now it's decision time!
Now you're ready to see the great deals we've got on offer at Northern Rock. Our mortgage finder will show you the mortgages we currently have that could work for you, including how much your monthly payment would be with each deal. You might want to go away and have a think about the options available to you, so don't forget to save them as you go, then you can return to them later (but remember, these are the deals you can get today and they could change at a later date).
Repayment calculator
Get a quote and apply
Mastered mortgages, sums done, deal chosen – all that's left is to make it official.
Once you've decided on the mortgage you want, the next step is to get a Decision in Principle (DIP), also referred to as a mortgage certificate. A DIP? will involve running a credit check? on you and will provide you with a decision, in principle, as to whether we will lend to you, and if so the amount. You can use it when making an offer on a property to prove you are able to buy it.
Once you've got your decision in principle you can go ahead and apply for your mortgage with us. This may be at the same time as getting your decision in principle, or it may be a little later depending on your circumstances. How you get your DIP and apply is entirely up to you, you can do it over the phone right now if you're ready, or if you'd prefer, you can pop into your local branch and see one of our mortgage specialists.
Ready to get your quote or apply?
Just call one of our mortgage specialists on:
0800 0285 277*
OR
Protect your home
By the time you get to this stage everything should be well on its way, with only one final piece to complete – arranging your insurance. It goes without saying that it's vital to have all the relevant insurances in place to protect your home; it's probably going to be your biggest asset after all.
Working with our trusted partners we offer a range of insurance deals including buildings and contents, home emergency cover and life insurance. Take a look at our insurance section for further details.
If your home insurance isn't up for renewal just yet, tell us when it is and we'll get in touch with you nearer the time.
Your home may be repossessed if you do not keep up repayments on your mortgage.
* We're all based in the UK and happy to help when you're ready (providing you call us between 8am - 8pm Monday to Friday, 10am – 3pm Saturday or 10am – 2pm Sunday, otherwise we're closed). Calls may be monitored and recorded.