FAQ

FAQ

This is notably one of the first questions clients want the answer to. Without reviewing your personal circumstances and considering things like your income and expenditure we can’t give you an exact amount. After your mortgage review we can provide you with your options.
It is important to remember because you are applying via our brokerage it gives you access to many lenders. Some of these lenders are able to calculate borrowing limits using bigger multiples of your annual income. This can help obtain larger mortgages, if required.
As we are part of one of the biggest mortgage advice networks in the UK the interest rates and mortgage options available are very competitive.
This is a very broad question which we’d love to answer. If you use our mortgage calculator it can provide an estimated figure of your monthly payments. Before calculating your exact monthly payment we need to discuss your requirements to determine the most suitable option for you. Some details we discuss during mortgage reviews are:
  • What’s the value of the property you are buying or remortgaging?
  • What size deposit do you have?
  • How old are you?
  • How much would you like to borrow?
  • How much do you earn?
  • Do you have any additional credit commitments?
  • Do you have any bad credit?
  • Are you self-employed with limited accounts available?
  • Can you afford to pay mortgage related fees upfront, like valuation fees or application fees?
  • What rates are most suitable? (For example 2 year fixed, 3 year fixed, 5 year fixed, or a variable interest rate).
  • Will the term of the mortgage be 10 years, 15 years, 20 years, 25 years, 30 years or another suitable term?
There are more questions to be discussed before determining monthly payments. If you complete our mortgage enquiry form on the website. We will contact you and discuss your requirements. We’ll then be able to provide a personalised breakdown of your monthly payments.
As you are applying through our brokerage you have access to many competitive rates and numerous fee free deals subject to meeting lending criteria. Fee free deals such as no arrangement fees, free valuation fees and free legal fees. Allow you to obtain your mortgage approval without large upfront costs. In any case, your financial and personal circumstances will determine which mortgage products you are eligible for and what fees will apply.
Fees related to buy-to-let mortgages and commercial loans tend to be much higher than homeowner mortgages.
Adding mortgage related fees to your mortgage balance increases the amount borrowed. Additional interest is applied to those fees which increases your monthly mortgage payment.
Lenders maximum age limits vary so I would suggest calling us to discuss details first. Providing you have sufficient income to support mortgage repayments. Lenders can consider mortgages well into retirement age. Income might come from pensions, from rental properties, from dividends or from another business related interest that generates income.
Well think about this; you are currently searching our website, you have possibly searched for other brokerages or you are going to, Brokers have access to many options from a large panel of lenders, accompanied by numerous exclusive deals through their network. Having access to a wide variety of products representing the whole market and an understanding of lenders criteria can help clients obtain more suitable and competitive deals.
Potentially yes, so providing your financial circumstances meets the lending criteria, it is possible. As you have decided to use our brokerage. This can give applicants more opportunities of approval on mortgages calculated using higher multiples of annual income.