Mortgages

We will strive to make your buying process the easiest it's ever been.

Take a look below at not only the different type of mortgages but also the explaining of them and how we can help you no matter what position you are at

First Time Buyer

As a First Time Buyer you will no doubt have many questions about every aspect of purchasing your first property. Typical questions include

 

  • how much can I borrrow?
  • how much will my monthly payment be?
  • how much will I need to put by for the deposit?
  • what other fees might I have to pay?

We will help answer all these questions and more. Your adviser will explain clearly what options are available to you and guide you though the whole process starting with searching for a suitable mortgage and where appropriate, obtaining a decision in principle from the lender. When you are ready to submit a full mortgage application we’ll complete the paperwork and keep track of the status of the application, chasing and liasing with solicitors and estate agents if required. As soon as the formal mortgage offer is received we’ll let you know and continue to provide assistance until the purchase has completed.

We will charge an engagement fee of £ 99 at agreement in principle stage and then a broker admin fee of up to 1% of the mortgage advance. This is payable on application. The amount we will charge will depend on the amount of research and administration that is required. 

Your home may be repossessed if you do not keep up repayments on your mortgage

Homemover Mortgages

Make your move a happy one.

Moving home can be a stressful time, there are so many things to think about and making sure everything happens when it is supposed to.

We can take some of the stress out of the whole process by providing you the help and advice to find a suitable mortgaging option which meets your needs.

It is not just about arranging a new mortgage; we need to look at your current Mortgage and assess whether it is in your best interests to redeem it or possibly transfer it to the new property.

We will also look to see if you will have any penalties to pay if you don’t keep your existing Mortgage and transfer it. These penalty charges can make switching lender an unsuitable option.

 

We will charge an engagement fee of £ 99 at agreement in principle stage and then a broker admin fee of up to 1% of the mortgage advance. This is payable on application. The amount we will charge will depend on the amount of research and administration that is required. 

 

Your home may be repossessed if you do not keep up repayments on your mortgage.

Re-Mortgages

An adviser will help you decide if it is beneficial for you to switch lender.

If you are an existing homeowner, there are many reasons why you may want to re-mortgage. This may be anything from trying to seek a lower monthly payment by obtaining a lower mortgage rate than the one you are paying now or simply to borrow more money, for instance, to fund home improvements.

Where possible, we will do our best to find a mortgage package that best suits your needs and requirements (i.e., your time constraints, budget, attitude to risk, lifestyle etc.) We will treat your mortgage application with a proactive approach whilst delivering a personal and efficient service.

If you are nearing the end of a special deal with your current lender, or maybe need to raise some extra finance to fund a wedding or university fees, a re-mortgage may be a suitable option.

Where possible, we will look at the best product your current lender can offer before we search for a more competitive deal from another lender. This way we can assess if it will be financially beneficial to switch to another lender or stay with your current lender. We consider any fees which would be payable if you do switch, these may include broker, lender arrangement, valuation, and legal fees.

It may be worth noting that many lenders offer free valuation and legal fees on re-mortgages.

We offer a comprehensive range of mortgages from across the market.

 

We will charge an engagement fee of £ 99 at agreement in principle stage and then a broker admin fee of up to 1% of the mortgage advance. This is payable on application. The amount we will charge will depend on the amount of research and administration that is required. 

Your home may be repossessed if you do not keep up repayments on your mortgage.

Buy To Let

Financing your investment properties.

Buying a property “to let” can be a potential minefield in today’s current climate. When buying a second property “to let” you will need to decide whether your primary objective is income or capital growth.

You should be mindful that there are several tax issues that you need to understand when purchasing a property to let, and you should seek independent tax advice before proceeding.

We will treat your mortgage application with a proactive approach whilst delivering a personal and efficient service.

If you would like an informal chat about your buy to let property finance, then please feel free to contact us.

In general, Buy to Let mortgages are not regulated by the Financial Conduct Authority

We will charge an engagement fee of £ 99 at agreement in principle stage and then a broker admin fee of up to 1% of the mortgage advance. This is payable on application. The amount we will charge will depend on the amount of research and administration that is required.

 

Help To Buy

Help to Buy is a Government backed initiative to help first time buyers and those people wanting to move to a larger property or to purchase a larger property with as little as a 5% deposit.

The equity loan scheme which is available for new-build property.

Equity Loan – launched in 2013, this scheme offers the opportunity to borrow an additional 20% of the purchase price from the Government via a low interest loan which has no repayments for the first 5 years. At the end of the 5-year period, the loan then becomes repayable over the remaining term of the Mortgage and interest is then charged. Lump sum payments can be made towards reducing the equity loan with the guidelines of the scheme.

This scheme is only available in England for new-build properties up to a maximum value of £600,000 and only applies to property being built by housebuilders who have registered and been approved by the Government. Most national and many local housebuilders are approved.

To qualify for an Equity Loan Help to Buy Mortgage, you must have a minimum deposit of 5% plus additional funds to pay for stamp duty, legal and other costs and qualify for a mortgage for the balance of the purchase price from a lender who is participating in the Help to Buy scheme. You cannot be the owner of an existing property.

It’s very important to understand what is best for you –a Help to Buy Mortgage or a standard mortgage. We are experts in providing you with the best advice to ensure you make the right choice. We recommend an initial meeting when we can understand your requirements and advise you accordingly.

Shared Ownership – If you can’t quite afford the mortgage on 100% of a home, Help to Buy: Shared Ownership offers you the chance to buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to.

You could buy a home through Help to Buy: Shared Ownership in England if:

  • your household earns £80,000 a year or less outside London, or your household earns £90,000 a year or less in London
  • you are a first-time buyer, you used to own a home but can’t afford to buy one now or are an existing shared owner looking to move.

With Help to Buy: Shared Ownership you can buy a newly built home or an existing one through resale programmes from housing associations. You’ll need to take out a mortgage to pay for your share of the home’s purchase price or fund this through your savings. Shared Ownership properties are always leasehold.

Please contact us if you would like more information. 

We will charge an engagement fee of £ 99 at agreement in principle stage and then a broker admin fee of up to 1% of the mortgage advance. This is payable on application. The amount we will charge will depend on the amount of research and administration that is required. 

Your home may be repossessed if you do not keep up repayments on your mortgage.

Mortgage Calculator

Monthly Mortgage Payments

online mortgage calculator

F.A.Q.

Common questions asked by our clients.

The cost all depends on the mortgage you require, please do not hesitate to ask.

We do suggest contacting us first to discuss borrowing needs, please feel free to use our mortgage calculator above.

Yes we do. We are an approved Broker of the Help to Buy Agency.