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Other mortgage options we can help you with
First Time Buyer Mortgages
We offer a first time buyer advice service where we guide you through everything you will need to know when trying to buy your first home.
This will include:
Deposits – how much you need and where it can come from
Affordability – how much you can borrow
Costs – solicitors, surveys, searches, fees
Time scales – how long will it all take and when should you do things
Protecting your mortgage – what if the worst happens
How to prove to an estate agent that you can afford the house you offer on.
Buy to Let mortgages
First time landlord or experienced portfolio owner, we can help you with your mortgage.
The whole buy to let environment has changed significantly over the last couple of years: the introduction of the stamp duty hike for landlords, the reduction of mortgage interest relief and the rules that mean that lenders are now required to treat landlords with 4 or more properties differently.
Even the way lenders calculate how much you can borrow on a buy-to-let has changed significantly over the last couple of years. Now it’s dependent not only on the rental income of the property in question but how much equity you have, what term you are taking the mortgage over and even with some lenders which income tax bracket you fall into.
We understand the BTL rules and can help you buy, or remortgage, your property. We are happy to give free advice too, so if you fancy a chat please call us.
Help to buy mortgages
The Government Help to Buy scheme has helped countless first-time buyers and those looking to move get into their desired property. Let our us show you how.
The Government Help to Buy scheme is designed to help you break into the property market without needing the usual 20% deposit in return for a higher mortgage repayment rate. With the Help to Buy scheme, you’ll only need 5% of the total cost of the house, which can help you if you’re struggling to save for the initial fee.
If you already have a higher deposit available, there’s almost certainly a better choice to take. However, the Help to Buy scheme is a good choice if you’re looking to own your first property.
Bear in mind that the Government Help to Buy scheme is being changed all the time. If you’re planning to use this scheme to help you buy your home, it’s worth talking to us first!
Credit impaired mortgages
Struggling with a bad credit rating? Or had credit issues in the past?. We will try to help you find a lender that works for you, whatever your circumstances.
Bad credit ratings don’t mean you can’t get a mortgage. With many having been hit by financial difficulty in recent times, lenders have become more open to providing mortgages to those with lower credit ratings. When chosen correctly, these mortgages can still help you buy a home if you have a sufficient deposit.
We work with over 85 different lenders and some of these are lesser-known mortgage providers, as many of the best rates can be found from mortgage lenders that specialise in helping those with bad credit.
The first thing to do is lets have a chat ...
If you’re thinking of remortgaging but struggling to find a lender willing to help, a secured homeowner loan might be a better choice. Similarly if you are tied in to your current mortgage deal which has a penalty, this could offer you a way of releasing funds until you can remortgage.
A secured homeowner loan uses the equity in your home as a way to reassure lenders. These loans are a great way to free up some extra money if you’re struggling with bills or your mortgage. However, they can also carry some significant risks if you’re not careful when choosing the right lender.
We will work closely with you to identify the best secured homeowner loan, based on your current circumstances. We’ll look at everything — from your current credit rating to your income, outgoings and much more to help you find the best option to choose.
Contact us for a no-obligation consultation and we’ll get started on finding the best homeowner loan for you. ...
Mortgages for the self employed
Self-employed? Struggling to get your mortgage? We will help you get the home you want, without the stress.
Trying to get a mortgage when you’re self-employed can be a little more difficult, with banks and lenders requiring months or even years of financial information before even considering giving you a mortgage.
We look at your situation and finances to find suitable mortgages on the property you want. There are many mortgage options available for the self-employed, including deals from high street lenders
Dont have the time to take off to visit each one? We have over 85 lenders who also offer exclusive access to many deals that you won’t find anywhere else, giving you the mortgage you want without the added hassle.
Let us do the hard work for you whilst you run your business – we will happily talk to you when its convenient for you - Just get in touch
Equity release mortgages / Later life lending
We will be launching a new website just to cover this one very important option ... when its ready, we will put a link here.
In the meantime, let us explain a brief overview ...
An Equity Release mortgage is a lifetime mortgage secured against your home. It is presumed the mortgage loan will be repaid upon your death or move into full time residential care.
Equity Release mortgages is a growing market, becoming much more competitive than you may have seen before. With lenders now competing over an ageing population, we can explain in plain English the benefits, as well as the potential drawbacks.
An Equity Release mortgage is not something to rush into.
We’ll take the time to talk you and your family through all of the options to help you decide if it is right for you. We always have a minimum of two, full, face-to-face meetings to make sure you have every opportunity to ask whatever questions you wish to.
If you decide to move forward with an equity release mortgage, we’ll help you find the best lender and product for you, in this fast changing sector.
We charge a fixed fee of £995, regardless of the value of your home or mortgage, which is only payable upon completion.
If for some reason you decide not to go ahead with your mortgage, no fee will be charged.
Quick Top Tips
1. Consider all the options available – all of our Equity Release advisers are qualified to discuss a wide range of solutions, including mainstream mortgages and are members of the Equity Release Council
2. Only borrow what you need. We will explain how the compound interest on a lifetime mortgage adds up, and how the amount you owe can grow quite quickly. All our recommendations will have a no negative equity guarantee.
3. Think about paying the associated interest charges. With an equity release mortgage interest rolls up and is compounded, which means the amount that interest is charged on, increases as time goes by.
4. Don’t judge a mortgage product on interest rate alone. Consider your future needs; Some plans offer over-payments or additional draw-down facility. Some have fixed interest charges and other have variable interest rates, which can be up to 25%. The mortgage product should be consider in its entirety.
5. Involve family members or a trusted friend. It’s great to receive support from family or friends through this process and referring to them for a second opinion can be really valuable.
1. Equity release is available for homeowners with a property worth at least £70,000 and aged 55 and over. Find out if your eligible by speaking to our Equity Release Advisers
2. Be very clear about why you are interested in an equity release plan. We will go through your plans to help determine which options are best situated for your circumstances.
3. Explore all options available to you in addition to an equity release mortgage. Remember a lifetime mortgage is secured against your home. You should always think carefully before securing a loan against your property
4. Make sure you are fully aware of the pros and cons of an Equity Release mortgage. For example, we will consider the effect an equity mortgage may have on any state benefits you receive.
5. Understand the associated fees you will be charged. We have a fixed fee of £995, regardless of the value of your plan, which is only payable upon completion. If for some reason you decide not to go ahead with your mortgage, no fee will be charged.