Buying or remortgaging in Welling? Don’t let a small mistake cost you thousands. These are the most common pitfalls we see — and how to avoid them.
❌ 1. Not getting an Agreement in Principle (AIP)
Welling estate agents move fast. Without an AIP, your offer may be ignored or you may miss out on a property altogether.
❌ 2. Only looking at interest rates
Lowest rate ≠ best deal. Many buyers forget about:
- Arrangement fees
- Cashback vs. no fees
- Portability if you move home
A local Welling mortgage adviser can show you total cost over 2–5 years — not just the shiny rate.
❌ 3. Forgetting your credit file
Your credit score matters more than ever in 2025. Some lenders have tightened affordability rules and will reject applications based on small red flags.
Tip: Use CheckMyFile to check your report early.
❌ 4. Leaving it too late
Mortgage options reduce once you’re under offer. The earlier you engage a broker, the better prepared you’ll be — especially for unusual income or self-employed cases.
❌ 5. Using a call centre instead of a local broker
National advice services often miss local nuances. We regularly speak to underwriters who know Welling postcodes and are comfortable with local properties (ex-council, above shops, flats over 4 floors etc.).
💬 Bonus Tip: Should I go direct to my bank?
You can — but banks only offer their own products. A broker can compare 50+ lenders, including specialist options that may save you thousands over the term.
👉 Speak to our Welling mortgage team to avoid these traps and get the best result for your purchase or remortgage.
