Mortgages
Buying a property can be the biggest decision made in our lives. It is for this very reason that impartial advice is critical from competent and qualified advisers. When moving home finding the right mortgage and arranging it quickly is essential. Our expert advisers can help you get the best deal that’s right for you.
First Time Buyer
Buying your first home can be a very exciting albeit daunting experience which is why it is important to get the right advice from the very start. There are many different mortgage products to choose from so it is important to get the solution that best meets your needs.To us, it’s about more than just finding you a mortgage. It’s about your home buying journey, the memories, the eventual outcome and your life in your new home. We aim to simplify the process, limiting use of jargon (complex words you might not understand!) when we can, and keeping you informed at all times.
Remortgage
Your existing mortgage deal may be coming to an end and you’re about to move onto the lenders standard variable rate which could result in an increase in your monthly mortgage payments.
Remortgaging before your term ends could potentially save you money by switching to another deal or another lender. There are plenty of reasons why you might want to consider a remortgage, perhaps you want to cover the cost of home improvements or pay off more expensive debts.
Buy to Let
Whether you’re becoming a landlord for the first time or you’re looking to expand an existing portfolio you will need to take out a buy to let mortgage rather than a standard residential mortgage. A buy to let mortgage is specifically for people who are buying a property to rent out to a tenant or tenants.
How do buy to let mortgages differ from residential mortgages? :
- Interest rates are usually higher on buy to let mortgages compared to residential
- Whereas for residential mortgages your deposit could be as little as 5% of the property value, you will have to pay at least 25% for a buy to let mortgage.
- Unlike a standard mortgage, where the amount you can borrow is linked to your income, with a buy to let mortgage, the lender will instead look at how much rent you could make from the property on which the mortgage is secured