|
||||||||||
![]() |
||||||||||
|
how it's done |
||||||||||
| UK Mortgages Abroad can help you with your purchase/re-mortgage of your Florida home. The following is a guide to the process that will take place. | ||||||||||
| 1 | When you have found the property you are looking for we will provide an instant decision in principle. | |||||||||
| 2 | On acceptance we assist you in completing an application form. | |||||||||
| 3 | We will process the application and an agreement in principle will be issued. | |||||||||
| 4 | Statutory disclosures will be sent to you (i.e. Truth in Lending Act Disclosure) which allow you to see the terms of the loan in a standard format. You will be supplied with a Good Faith Estimate of settlement costs, which estimates all the likely charges. | |||||||||
| 5 | A valuation report and Flood Certificate are requested on your proposed holiday home. | |||||||||
| 6 | A Title Company is instructed to secure the title of the property you are buying. | |||||||||
| 7 | You will then be issued with a formal mortgage offer (known in the US as a 'commitment letter'). | |||||||||
| 8 | Documentation including a Department of Housing and Urban Development Settlement Statement, the Mortgage and Promissory Note together with remaining documents will be sent to you in Britain. | |||||||||
| 9 | The mortgage will need to be signed by you and notarised (witnessed by a Notary) and sent to the Title Company for formal registration. The Promissory Note, once signed by you should be sent to us. | |||||||||
| 10 | The advance is sent to the closing agent to complete the purchase of your home in Florida. | |||||||||
| Your dream home will be secured with ease, our National New Business Processing Centre in Bristol pride themselves on total customer satisfaction. | ||||||||||
|
Contact us: |
||||||||||