Sifting through the maze of mortgages can be a daunting task for most people. Mortgage advisers will first understand your specific requirements and your financial situation. Depending on your personal circumstances, such as your attitude to risk, budgeting preferences, family situation, future plans, possible poor credit background and so forth. The mortgage adviser will identify and make the most appropriate recommendation.
Our mortgage panel brings many exclusive rates drawn from a large portfolio of high street and non-high street lender’s, representative of the whole market. Our key ties with many mortgage lenders combined with the understanding of a diverse range of lending criteria, let’s us help more people.
First-time buyers need to get a first-time-buyer mortgage suitable to their requirements. You can take advantage of our services and professional tie-ups with lenders for exclusive rates and ongoing support.
If you already own a property whose term is coming to the end, or if your financial situation has changed or about to change, it may be prudent to consider shifting the existing mortgage to a new lender, on better terms. Shifting to a new mortgage rate can reduce your monthly payments. Book a mortgage review and see if you can save more on your monthly payments.
A remortgage can be a great way to obtain funds for reasons like a home extension, deposit for a buy to let purchase or help family onto the property ladder. Please contact us for more information.
Free valuation, Free legal fees or Cashback towards your fees is available on many remortgage products.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
With right-to-buy purchases, you can use your discounted equity value from your housing association towards your deposit. In most cases, right to buy clients, do not need to provide any cash deposit towards their property purchase.
Proof of your identity and address
We support the Proceeds of Crime Act and all efforts to eliminate Money Laundering. As Part of this, we need to verify the identity of all our clients. We ask that you provide some original documents containing your name and You must provide at least:
• One proof of identity document – e.g. Passport or Driving Licence
• One proof of address document – e.g. utility bill from last 3 months
To support your mortgage application
• Last 3 months consecutive bank statements
• 3 months wage slips or 12 weeks,
•1, 2 or 3 years accounts if self employed depending what lender is used.
Source of deposit
We will have to identify the source of your deposit. (E.g. if from your own savings then your last 12 months bank statements). It maybe equity in your current property, in this case no proof is required.
You may need to provide some of the documents below, relevant to your situation.
• A Copy of your credit file
• Self-employed- last 2 years SA302’s, TYO’s
• Current mortgage statement
• State benefits – evidence of any state benefits (letter dated within the last 12 months for each benefit).
• Pension income – if lending into retirement.
• Gift of deposit
• Your current assurance/insurance provisions. If you have home insurance or a life policy a copy of the policy documents showing what cover you currently have.
With the increase in identity theft we strongly recommend you obtain a copy of your own credit report. This is to ensure your application is not delayed by uncovering surprises later in the process. It also means that any issues uncovered can be addressed, as it does not mean your application is automatically declined – indeed many lenders have provisions for this type of business. Check the initial and ongoing fees that agencies charge as they can vary. The main agencies to approach are Experian, Equifax, Callcredit, Checkmyfile.
You don’t have all supporting documents.
If you do not have access to all supporting documents in time for your first appointment, there is no need to worry. This can be discussed with the adviser. We can still provide advice without all the documents, but all documents will be required prior to submitting your full mortgage application.