Step 4: Tailor-made mortgage advice
Signing a preliminary contract of sale
Has your offer been accepted? Fantastic! You can then sign the preliminary purchase contract. You’ll need to ensure that, at a minimum, the date when you will be given the keys, any resolutive conditions, and the deposit or bank guarantee are all registered. After signing, you are entitled to a legal cooling-off period of 3 days. You can still cancel the purchase within that period.
Have an appraisal report drawn up
On to the financing: to apply for a mortgage, you’ll need an appraisal (or valuation) report. The report will state the market value of your home. You will need this because the lender will want to know whether the home is a good collateral for the loan, plus you are not allowed to borrow over 100% of the market value. The appraisal report is therefore one of the most important documents for a mortgage application, and you will apply for it as soon as your offer has been accepted.
Are you looking to renovate? If so, convey this through a renovation specification. The appraiser will then determine the expected market value after the renovation work. Our mortgage advisors can help you find a good appraiser who works at a competitive rate.
Conducting a mortgage consultation
Perhaps the most important item in our step-by-step plan: the search for the mortgage that suits you best. Make an appointment with your Viisi advisor the moment you need a mortgage. The preliminary work will have already been conducted during the first non-binding conversation, so it’s time to get down to the real work. You will be sitting at the (digital) table with your advisor for about 1 to 2 hours.
During this consultation we will discuss, among other things:
- Your present and future financial situation
- Which type of mortgage is best suited to your situation
- Which risks you are willing to take, for example with regard to the fixed-rate period
- The interest rates and terms and conditions of various lenders
- The exact calculation of your monthly repayments with the lender of your choice
- Those risks against which you might have to insure yourself
- Tax regulations and tips
Your mortgage advisor will tell you how to prepare for the interview in the right manner. Read more about the mortgage consultation.
Our advice is always a comprehensive advice, and we therefore also discuss risks such as becoming incapacitated for work, death, and the mortgage post-pension. If there are any insurance policies needed, then we will also help you to take these out free of charge.
Need a bank guarantee?
Viisi can also arrange that for you. We work together with swift and knowledgeable partners, with fixed rates.
Applying for a draft mortgage offer
After the consultation, your mortgage advisor will request a draft mortgage quote from the lender of your choice. We also refer to this offer as the interest offer. After a few working days at the latest, you’ll receive a quote and will be able to sign.
Find out exactly what you should pay attention to in the mortgage offer.
Acceptance of mortgage application by the lender
After signing the mortgage offer, the mortgage procedure starts with the lender to get your mortgage completed. The acceptance of your mortgage application may take a while, but thanks to our team of lightning-fast mortgage acceptance staff, your application is often completed 40% faster than the national average.
Our mortgage underwriters will prepare your application down to the last detail. If there are any documents missing, they will spot it well ahead of time. They will apply for the mortgage offer of your choice and you will receive a suitable proposal as soon as possible. If you’ve any further questions, your own Viisi advisor will be happy to discuss them with you.