Mortgages

Buying a house is one of the most important purchases you will make. We know that buying a home for the first time can be an intimidating process with many questions needing answered..

How much can I borrow? What will the repayments be? What fees do I need to pay? What if I don’t have a deposit?

Our advisers will talk you through the financial aspects of the buying process and provide you with advice to find you the right mortgage suited to your circumstances.

Deposit

Currently mortgage lenders will lend up to 95% of the value or purchase price, whichever is the lower. This means that you will be required to put 5% deposit down and the more deposit you can produce the better deal lenders will offer (the Help to Buy Scheme has a 5% deposit minimum requirement). Don’t worry if you can’t produce this size of deposit, we can look at alternative ways of getting you on the property ladder, including shared equity or shared ownership.

How much can I borrow?

The majority of mortgage lenders will calculate how much they will lend based on affordability where they analyse your monthly income and expenditure. We can obtain an accurate borrowing figure based on your circumstances.

Solicitor

Buying your first property is probably the first time many clients have ever needed a solicitor. Our advisers can provide you with a solicitor who offers very competitive legal fees when you arrange your mortgage with us.

Conveyancing is not regulated by the Financial Conduct Authority.

A buy to let mortgage is designed for people who want to buy a property to let out. With having access to a panel of lenders, we can find the right deal for your circumstances and can also source deals for: Student Lets, House Of Multiple Occupancy, Buy To Let Portfolios.

Deposit

The deposit you will be required to put down for buy to let mortgage will be typically larger than a standard residential mortgage. The borrower will usually be required to put down at least 25% deposit and normally expected to own their own property.

How Much Can I Borrow?

For buy to let mortgages lenders usually calculate how much you can borrow based on the potential rental income from the property instead of your annual earned income. The expected rental income usually must exceed 125% of your monthly mortgage payments.We can obtain an accurate borrowing figure based on investment property.

Investment

Like any investment, buy to let comes with no guarantees, but can be more reassuring for those who have more faith in bricks and mortar than the stock market.

Some Buy to Let mortgages are not regulated by the Financial Conduct Authority

Moving home can be a stressful experience – not least when trying to find and arrange the right mortgage for your needs...

Cost Of Moving

You may move to a bigger house and require additional funds or you may downsize and lower your monthly repayments. We offer a ‘moving cost’ appointment which we will help calculate what you will have available for your next purchase taking into account the following:

• Estate Agency Fees
• Legal Fees
• Stamp Duty
• Survey/Home Report Costs
• Lender Fees

Should I Stay or Should I Go?

If you are moving home you can often transfer your existing mortgage over to your new house. We can compare this option with other mortgage deals from a panel of lenders to ensure you get the most suitable deal available to you.

Some Buy to Let mortgages are not regulated by the Financial Conduct Authority.

‘Remortgage’ means switching your mortgage deal and/or mortgage lender. Remortgaging is a good way to escape high and/or increasing variable rates and is a good way to save money or borrow additional funds.

Save Money

Potential savings could be made by remortgaging on to a lower rate than your existing mortgage. The chances are that if you have been with the same lender for a number of years, we can save you money by researching a comprehensive range of mortgages from across the market.

Additional Funds

If you wish to borrow additional funds for home improvements, consolidating debts or perhaps to buy a second home or a property to let out - releasing equity in your home through a remortgage could be the solution.

Search a comprehensive range of mortgages from across the market

We can find the right remortgage deal for your circumstances. With our advanced sourcing systems we can search an extensive panel of lenders to find a mortgage that is right for you, as well as looking into the following criteria:

• Free Legal Fees
• Free Surveys
• No Lender Arrangement Fees

Some Buy to Let mortgages are not regulated by the Financial Conduct Authority.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR PROPERTY. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.