Mortgages are getting more and more difficult to obtain since the Credit Crunch and new Regulation recently introduced has further exacerbated the situation, however mortgages are still available to clients. One bank may say No and you may want to give up, however as an Independent Mortgage Broker we have access to the Whole of the Market, in addition we have Exclusive deals, work with Broker Only lenders and work with mortgage packagers for certain cases, so that we can offer a wider range of mortgage options for your situation.
We can assist with the following types of mortgages, however if it's not below we may still be able to assist, please give us a call to discuss:
First Time Buyers Mortgages - As a first time buyer the biggest problem is normally saving up for a deposit. The Government has helped by introducing the Help To Buy scheme which has reduced the minimum deposit required for a property purchase down to just 5%. This has helped the competition in the market and some lenders are offering a 5% deposit mortgage outside of the Help to Buy Scheme.
Offer available on selected plots only and subject to terms, conditions and criteria. No buy to let purchases, maximum one property per purchaser, ask Sales Advisor for details. Price based on using Help to Buy.
Homemover Mortgages - You may wish to sell your property and buy a bigger/smaller property. We can research the market and come up with a suitable option for your new mortgage. You may be on a good rate and wish to take your current mortgage to the new property (provided this is permitted by the current mortgage provider) e can do this as well and advise you on the best way forward.
Let to Buy - You may wish to rent your current property and buy a new one, we can see which would be the best way forward on both the rented property and the new one, as you may wish to draw out the equity from the rented as a deposit for the new purchase.
Buy to Let Mortgages - Investing in property is becoming more and more popular and more clients are investing in property, the mortgage deals are more complex and normally require Specialist advice. We have vast experience in this field and can guide clients to the best deals.*
Remortgages - Some clients don't look at their options when their deals end and could make substantial savings by switching lenders. Most remortgage deals come with Free Legals and Free Valuations so sometimes the cost of moving is minimal. In addition remortgaging can be used to draw out funds to pay for extensions, school fees, debt consolidation, buying other properties. Remortgages can be done for Homeowners and Buy to Let investors.
Homeowner Loans - Also known as Second Charge loans, these are used in the case where the client is in a tied in rate and would incur a penalty if they moved or they are on a very good rate with the current mortgage and didn't want to move to another lender. A Homeowner loan can be used to draw out funds from your property, although the interest rate is normally higher than a mortgage rate.
Bridging Finance* - Bridging Finance can be used in various situations, some of these include borrowing funds to buy a new house while yours is being sold in the event of needing a quick exchange or buying a property at auction where quick finance is required. The lender needs an exit strategy for all bridging finance. Bridging Finance is also more expensive than other types of borrowing.
Commercial Finance* - Commercial Finance is lending for business purposes and includes raising finance for a Dental Practice purchase, business purchase, development finance, etc to name but a few. Commercial Finance can be used to purchase a new business or remortgage existing business finance to a better rate with another bank.*
* Are not all regulated by the Financial Conduct Authority
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.