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First-Time Buyer
Guiding you through your first mortgage. We'll help you understand each step, ensuring a smooth experience as you secure your dream home.
Remortgaging
Looking to lower your payments or release equity? Our team will provide personalised advice to help you make the best move for your financial future.
Buy-to-Let
Investing in property? We'll assist you with financing options that can maximise your rental income and ensure a profitable investment.
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Why Choose Us?
Competitive Rates
We offer some of the most competitive rates in the market, ensuring you get the best deal for your mortgage.
Expert Advice
Our team of experienced advisors is here to guide you through every step of the mortgage process.
Personalised Service
We tailor our services to meet your unique needs, ensuring you receive a customized experience.
Transparency
We are committed to open communication, keeping you informed at every stage of your mortgage journey.
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Frequently Asked Questions
Your questions about mortgages answered here.
A mortgage is a large loan specifically used to buy property or land.
Essentially, it is an agreement with a financial institution (like a bank or building society) where they lend you a significant amount of money to purchase the home, and you agree to pay it back—plus interest—over a set period, typically 25 years.
The crucial feature of a mortgage is that the loan is secured against the property itself. This means that if you fail to keep up your monthly repayments, the lender has the legal right to repossess and sell the property to recover the money they lent you.
Your monthly repayment covers two parts: the interest charged and a portion of the original loan (the capital). Once the final payment is made, the mortgage is settled, and you own the property outright
To qualify for a mortgage, lenders typically assess your credit score, income, employment history, and existing debts. You may also need to provide information about your savings and the property you wish to purchase. It’s wise to check your credit report and plan your budget in advance.
The two main categories of mortgages available are based on how the interest rate is calculated: Fixed-Rate and Variable-Rate deals.
A Fixed-Rate mortgage is the most common and popular choice, as it guarantees that your monthly repayments will stay the same for a set period, usually two, three, or five years, offering stable budgeting.
A Variable-Rate deal, such as a Tracker mortgage, means your interest rate will rise and fall in line with a public benchmark like the Bank of England Base Rate, making your monthly payments unpredictable.
Additionally, you will choose a repayment method: a standard Capital and Interest (Repayment) mortgage pays off the full loan over time, while an Interest-Only mortgage only pays the interest, leaving you to repay the full loan amount at the end of the term.
Choosing the right type depends on your personal financial goals and how much stability versus flexibility you require, and we are here to help you compare all the available options.
A deposit is the portion of the property purchase price that you pay upfront. It represents the difference between the property’s sale price and the amount you borrow via a mortgage.
For example, if a property is £200,000 and you have a deposit of £20,000, your mortgage will need to cover the remaining £180,000.
It is typically expressed as a percentage of the property’s purchase price. Most lenders require a minimum deposit of 5% to 10%, but offering a larger deposit (such as 15% or 25%) is generally beneficial because it reduces the lender’s risk, often qualifying you for better interest rates and cheaper deals.
Mortgage rates are determined by various factors, including prevailing interest rates, your credit score, and the deposit amount. Lenders also consider the overall economic climate and the specifics of the loan when setting rates. Keeping an eye on market trends can help you secure a better rate.
To improve your credit score, start by paying bills on time, reducing outstanding debts, and checking your credit report for errors. It might also help to use credit responsibly by avoiding maxing out cards and only applying for new credit when necessary. Small, positive changes can make a big difference.
f your mortgage application is denied, don’t panic—it is not the end of your home-buying journey. It simply means that the specific lender you applied to was not willing to lend you the money based on their internal criteria at that moment.
Here are the immediate steps you should take:
Ask for the Reason: The most important step is to ask the lender exactly why the application was denied. Common reasons include a low credit score, affordability issues (high debts compared to income), or problems with the property valuation.
Check Your Credit Report: Thoroughly review your credit file with all three main credit agencies. Look for any errors, missed payments you were unaware of, or outdated information that could be dragging down your score. Correcting mistakes can significantly improve your chances next time.
Consult a Mortgage Broker: Immediately speak with a mortgage broker. We are here to help! We can analyze your rejection reason and credit situation to place your application with a different lender who is more likely to accept you, including those who specialize in less conventional cases. We can guide you through the next steps without affecting your credit score further.
By understanding the reason for the denial and taking corrective action, you can quickly get back on track to securing a mortgage.
Completion Costs, often referred to as ancillary fees, are the essential financial outlays required to finalise your property purchase, paid in addition to the property price and your deposit.
The most significant costs include Stamp Duty Land Tax (SDLT), the combined solicitor/conveyancing fees for the legal transfer of ownership, and the lender’s Mortgage Arrangement Fee.
Crucially, you must also arrange and pay for Building Insurance (required before completion) and may choose to budget for an independent, detailed property survey to check the property’s condition.
Gaining a transparent, accurate breakdown of all these completion costs early on is essential for successful budgeting, and we ensure you have this clarity throughout the process.
Saving on your mortgage can involve shopping around for the best rates, making extra payments when possible, or refinancing to a lower rate. Additionally, maintaining a good credit score and being financially responsible can help you secure favorable terms.
Missing a mortgage payment can have serious consequences, including late fees and potential damage to your credit score. If you expect to miss a payment, it’s crucial to communicate with your lender as soon as possible to discuss options like payment plans or deferment.
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