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How to Apply
The details below explain the steps involved when applying
for an NLA Mortgage:
1. When you have read
How it Works,
go to the
Sourcing and Quotation System
to find a buy-to-let mortgage suitable for your needs.
2. If you would like to discuss your enquiry with someone or are unable to find
what you want on the Sourcing and Quotation System , please contact the support team on 029 2069 5555.
3. Download and complete the
application pack.
Please remember to quote the Scheme ID for the mortgage you have chosen. The Scheme
ID is displayed on the Sourcing and Quotation System.
4. Send your application to NLA Mortgages
| By email: |
apps@nlamortgages.co.uk |
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| By fax: |
029 2069 5401 |
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| By post: |
NLA Mortgages
c/o The Business Mortgage Company
Greenmeadow House
2 Village Way
Greenmeadow Springs Business Park
Cardiff
CF15 7NE |
Please send your application fee, as shown on the Sourcing and Quotation
System, at the same time as submitting your application form. Cheques should be
made payable to 'TBMC Ltd'.
5. You will receive email updates keeping you informed as your application progresses. When we have received your application we will contact you to see if you would like to register for Online Case Tracking (OCT). This will allow you to track the progress of your application via the internet 24
hours a day from anywhere in the world. Once you have registered for Online Case Tracking it can be accessed by clicking the
button below.
6. Further details of the NLA Mortgage application process are illustrated below:
The Mortgage Application
Process
| Step 1 |
| You will receive an email acknowledgement that your application
has been received. You will also be issued with your Landlord ID
number which you should retain. |
| Step 2 |
| We will ensure that your application meets the lenders criteria
and obtain a ‘decision in principle’ (DIP) from the lender that they
are happy to proceed. We will confirm this to you by email. If the
lender is not happy to proceed then we will contact you to discuss
the alternatives available. |
| Step 3 |
| Once the decision in principle has been
obtained we will send you an email listing any documents required by
the lender. |
| Step 4 |
| Also, after a successful DIP has been obtained, we will instruct
the valuation. Your payment for valuation, if applicable, must have
been received. We will send an email to confirm that this has been
done. |
| Step 5 |
| We will contact you to advise you how to use our Online Case
Tracking facility (OCT). This will allow you to monitor the progress
of your mortgage application at any time from anywhere in the world! |
| Step 6 |
| When the valuation has been undertaken and the report returned
to us we will send you a copy by email. If the valuation is not
acceptable for any reason we will contact you to discuss the next
actions. |
| Step 7 |
| If all the documents have been received from you and the
valuation is acceptable then we will submit to the lender for a
formal offer of mortgage. |
| Step 8 |
| When the offer is received we immediately send you and your
solicitor a copy by email. |
| Step 9 |
| Once the purchase/remortgage completes we send you the saving
you are entitled to as detailed in the Sourcing and Quotation System
(SAQS). |
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