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Cirencester Office: 01285 239 486   Out of Hours: 07851 111 800

Understanding The Mortgage Process

  1. Talk to a mortgage specialist

    Meet your local, qualified adviser at a mutually convenient time and place o they can understand your individual needs and circumstances and to explain the value that they can add.
  2. Calculate how much you can borrow

    Complete a borrowing check to understand the amount required, ability to repay, level of deposit, amount of fees and associated costs budgeted for prior to undertaking a credit search and obtaining a Decision in Principle.
  3. Make an offer

    With a Decision in Principle supporting you, make an offer on your home / investment property and achieve acceptance of your offer.
  4. Select the right type of mortgage

    A mortgage specialist will be able recommend the most appropriate mortgage to you after thorough research. The mortgage application can then be submitted to the lender for review.
  5. Mortgage will be underwritten

    The lender will carry out validation checks on the property and on your income and expenditure. More information may be required as a result to satisfy lending requirements.
  6. Valuation to be instructed

    This will be either for mortgage purpose only or a full structural survey.
  7. Receive formal mortgage offer

    Once the lender has made all of their checks, they will send a copy of your formal mortgage offer.
  8. Exchange of legal contracts

    At this stage you should ensure that your required personal protection provisions are in place and that property insurance is arranged.
  9. Completion of legal contracts and get the keys!

    On competition day, your seller gets the money and you get the keys to your new home.
  10. Make your first payment

    Your first payment will generally be more than your normal monthly payment. This is because it’ll include interest for the days between the date you moved in and the end of that month, plus your standard monthly payment for the month after

Ellen Roome
Mortgage & Protection Adviser

Do you need a mortgage?

Whatever your situation is come and see us. There are thousands of mortgage products out there, so it’s a huge challenge to find the best one for you. Let us remove the confusion by presenting your options clearly and simply so that you can make the right choice. We find mortgages for most people even those who think they aren’t eligible. First-time buyers, self-employed actors and musicians, landlords both professional and accidental, contract workers and foster carers – we will do our utmost to help you. Are you buying a townhouse, an apartment, a holiday cottage or even an AirBnB?. And don’t forget that we are independently authorised. This means we can access all of the Lenders out there for you – choice is key. Talk to us – you might be surprised at what you can do.

Have you thought about insurance?

Tailoring your insurance to suit your needs and your budget should be as individual as you and your situation. Is life assurance essential? Should you look at income protection, redundancy cover, critical illness protection? The list is a long one and we haven’t even mentioned buildings and contents cover! Save time by letting us help you to find the right products that provide peace of mind and security for you and your family – whilst not breaking the bank.

Who are we?

Ellen The Finance Roome

The Finance Roome was established more than 12 years ago by our lovely founder Ellen Roome working with her PA out of a summer house in her garden. Today we have fabulous state of the art offices based at Gloucestershire Airport and employ 4 mortgage advisers, 3 administrative support staff and a dedicated Business Development Manager. All are committed to providing a second-to-none service. Our awards include an Estate Agent Broker of the Year award based wholly on client feedback and support as well as a shortlisting for the Women In Finance Broker of the Year. Our very own Ellen Roome was awarded Professional of the Year 2017 in the Gloucestershire Business Awards. Our testimonials speak for themselves.

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Paula Whiteside
Mortgage & Protection Adviser


Paula is a fully qualified Mortgage and Protection Advisor who has worked in the Financial Services Industry since June 1991. Paula has vast experience of providing fit for purpose solutions to her clients individual needs and circumstances in an ever changing financial landscape.

She is proud of providing a bespoke, professional and friendly service whilst putting the client at the heart of everything she does to ensure that positive outcomes are achieved and long lasting relationships are maintained. Whether you are looking to buy your first home, move home, re-mortgage or buy an investment property, Paula will be able to provide you with sound advice which can save you time and money - ensuring peace of mind for both now and the future for you and your loved ones.

The world of mortgage advice has changed dramatically over the last few years and Paula has recently been able to help clients who have found themselves in more complex situations such as having started working for a new company, self-employed clients with less than 2 years trading accounts and those who felt they may not have been able to obtain a mortgage due to previous credit history. Whatever the situation, Paula will always work with you and for you with the aim of always providing best advice and achieving a positive result.

Paula works tirelessly to provide the most suitable mortgage and protection solutions for you at a time and a place convenient for you. Paula is available evenings and weekends to ensure that your needs are met.

Click here to speak to Paula

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