Mortgages

House Purchase

Whether you are a first-time buyer or an existing home owner looking to move house we can help. As a result of the much publicised credit crunch lenders require that you have at least a 10% deposit to put down. The greater the deposit the lower the rate that we can obtain for you is the general rule in today’s market. Please call us or fill in the enquiry form for a personal illustration.

If you need to move but have been unable to sell your present property you could consider renting it out and releasing sufficient equity from it to fund the deposit for the purchase of your new home. Please call us if you think this could be of interest to you.

If you have had arrears on your present mortgage it may still be possible to obtain another mortgage. Similarly, if you have adverse credit such as defaults and CCJs there are still lenders in the market willing to accept these, albeit at higher rates. As a general rule, if you have had a history of mortgage arrears and/or defaults, CCJs the maximum mortgage available will be 70% of the purchase price. If you are not confident of your ability to prove your income – for example because you are self-employed and unable to provide accounts – it may still be possible to obtain the advance you require. Please call us or fill in the enquiry form for a personal illustration.

First-Time Buyers

If you are a first time buyer with a good credit record you will need a minimum deposit of 10% of the purchase price. We can then arrange a mortgage for you for the balance. The government have put forward several initiatives to help first-time buyers. Some of these relate to shared ownership and shared equity propositions; some are specific to certain occupations and certain areas of the country. Please phone us or complete the enquiry form and we will be able to let you know if you qualify for any assistance with your proposed house purchase. We can also provide you with a detailed breakdown of the likely costs that will be associated with buying a home for the first time – for example: legal fees, stamp duty, valuation and survey fees, lenders fees, broker fees etc.

Remortgages

Following the recent reductions in Bank of England base Rate (BBR) many lenders have been reluctant to pass the full amount of these reductions on to existing borrowers, and even more reluctant to pass them on to prospective new borrowers. If your current mortgage deal is coming to an end you need to check the rate that will apply when your current deal finishes. In some cases you could actually be better off at the new rate (normally expressed as SVR or Standard Variable Rate) than by switching to a different product or lender. However, this will not always be the case and you should continue to review your mortgage on a regular basis. Our remortgage review service is free of charge and could end up saving you money. Please call us for details or fill in the enquiry form.

Adverse Credit

If you have adverse credit such as mortgage arrears, defaults and/or CCJs there are still lenders in the market willing to accept these for both house purchase and remortgage, albeit at higher rates. As a general rule, if you have had a history of mortgage arrears and/or defaults, CCJs the maximum mortgage currently available will be 75% of the valuation. If you know you have an adverse credit history we will help you to obtain a copy of your credit file so that we can assess your situation before presenting an application to a lender. Please call us or fill in the enquiry form for more information.

Self-certification

If you are unable to prove your income for whatever reason it is possible to self-certify your income for either house purchase or remortgage. Most lenders now limit this to 75% of the property’s valuation or purchase price (whichever is the lower). Lenders will charge a higher rate for self-certification mortgages so it is always advisable to check the market first to see whether there is a lender out there who will accept the amount of income you are able to prove. Please call us or fill in the enquiry form for more information.

Buy To Let

Whether you are a professional landlord with an existing property portfolio or a first-time property investor looking to get into the buy to let market we deal with a range of specialist and high street lenders who are happy to consider applications for individual and portfolio purchase or remortgage. Different lenders have different criteria but as a general rule of thumb, if the actual or projected rental income is greater than the mortgage interest payable there should be a lender available to meet your requirements subject to a maximum LTV of 75%. Please call us or fill in the enquiry form for more information.

The Financial Services Authority does not regulate most Buy to Let mortgages

NEED ADVICE?

If you need advice on arranging a mortgage please either call us free on 0800 542 7720 or complete the enquiry form so that one of our fully qualified advisers can call you at a convenient time to discuss your requirements in detail. We can, if required, arrange home visits anywhere in the country.

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