Mortgages have never been as highly regulated as they are today. We will ensure that you are advised on the right protection products that will run alongside the term of the mortgage to minimize potential risks should your circumstances change in the future.
We will offer advice and organise a buy to let mortgage.
This is a loan that is used to either purchase or re-finance a property that is going to be let out to tenants.
Buy to let mortgages are slightly different to ordinary mortgages as there tends to be higher fees to pay, higher interest rates, a minimum deposit to pay (25% of the property’s value) and most are interest only meaning that there is a lump sum to pay at the end of the mortgage term.
The Financial Conduct Authority do not regulate some buy to let mortgages.
Are you ‘Financially Fit’ for a mortgage ? Why not find out by following this link. You will receive credit reports from Experian, Equifax and TransUnion. Upon receiving your report, I will be happy to provide a complimentary consultation based upon the results and will help you analyse your expenditure, potentially reducing your monthly outgoings. Just think, any money saved, could be put towards a deposit on your dream home.
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Some mortgages are portable and can be transferred to the new property that you are moving to. However, sometimes it is not quite as straightforward as it seems because you need to reapply for the mortgage and you may not qualify if your circumstances have changed or the lenders criteria has changed.
The property may be more expensive and you may need to borrow more, however, the lender may not allow this if you have already borrowed close to the maximum and if they do, you may be tied into poor interest rates.
Whatever, your circumstances, we will offer you the most appropriate advice to help you move.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE.
Contact UsAlthough buying your first home is an exciting time, it can also seem a little daunting and confusing. This is where we are on hand to offer personal advice and recommendations.
We will take the time to help you look at your finances, work out the cost of your mortgage, obtain a mortgage ‘Approval In Principle’, research the most appropriate products within your budget and guide you through the whole mortgage application process.
We are also just on the other end of the telephone should you have any questions or concerns along the way. We shall endeavour to make buying your first home a smooth and enjoyable experience.
A remortgage is when you change the mortgage you currently have on your property, either by switching it to a new lender, or by moving to a different deal with your existing lender. This generally occurs when you come out of your fixed term to avoid early repayment or exit fees.
Many of our clients remortgage to pay a cheaper rate of interest therefore reducing their monthly payment.
Let’s talk through your needs and arrange a visit to see how we can help.
