whichmortgage

Most people view a mortgage as a long term loan to help buy their home. But the word itself means any loan that is secured against a property.  With your home as security, the lender is usually able to offer you a lower interest rate then you would find with other conventional types of loan

Which repayment type?

There are a many ways in which you can pay back the loan to the lender. This would depend on both your current circumstances and future plans. Our mortgage advisers will explain the options to you and make a recommendation on the option that best suits your needs. Click here to see a guide to the most popular types of repayment methods.

Which mortgage product?

There are many different types of mortgage product on offer to suit many different purposes. Our mortgage advisers will provide you with information on the mortgage products that are best for your circumstances. Click here to see a guide to the different options available

Whilst savings interest rates are low and stock market confidence is volatile, many people consider investing in property

A buy to let  mortgage is simply a mortgage on a property that you will not be living in or using as a principle residence. Instead you let the property out and use the rental income to help pay the monthly mortgage repayments.

There are many different types of buy-to-let mortgages available but all the lenders have slightly differing criteria. We will search the market place and recommend a buy to let product that suits your individual requirements. There is no guarantee that it will be possible to arrange continuous letting of the property, nor that the rental income will be sufficient to meet the cost of the mortgage and this must be considered before you enter into this type of contract.

Buy To Let Products are not regulated by the Financial Services Authority.

What is a self certification mortgage?

A self certification mortgage is where you have sufficient income to afford the mortgage repayments but are unable to provide evidence of it. Instead you declare your annual income to the lender and certify the information to be correct.

In general you do not have to give the lender proof of income. Instead the lender will assess the level of income against your type of occupation. Often they will simply write to your accountant or employer for a reference.

Self certified mortgages were primarily designed to cater for people who are self employed and also those who may be employees with unpredictable income. Common examples are people in seasonal jobs, people working on successive short term contracts or sales people who are paid a high proportion of their income as commission or bonuses. Remember making an incorrect statement to the lender can be deemed to be mortgage fraud.

Your home may be repossessed if you do not keep up repayments on your mortgage

We do not charge a fee for our advice, but we do charge an administration fee on completion of your mortgage application form, which is typically £95. As an independent mortgage adviser we can also offer a purely fee-based option with a charge of up to 1.5% of the loan amount

Contact our helpline on 01206 240800 today to see how we can help you with your mortgage arrangements