mortgages

take control of your mortgage

Whether you’re looking to buy your first home, move home, re-mortgage or step into the world of property investment, we can get you that YES! We understand everyone has different financial circumstances, which is why we look at the bigger picture, helping you make decisions now that will also accommodate your future plans. You probably have a lot of questions about how much you can borrow, how soon you can get a mortgage and how our service process works, so go ahead, we’ve got all the answers right below…

residential mortgages

Are you ready to move home? It might seem a little daunting getting on or moving up the property ladder, but with the right people and support around you, you’ll be able to enjoy the process.

There’s quite a lot to think about when moving home so we’ve put together some handy guides to help you get started:

  • A First Time Buyers Checklist

  • Knowing Your Figures

  • Saving For a Mortgage

  • Improving Your Credit Rating

  • The Costs Involved With Buying A House

  • The Step-By-Step Process Of Applying For A Mortgage

If you’ve got your eye on a property and your finances are in order let’s not waste time. Book a call and we can put together an agreement in principle so that you know exactly how much you can borrow.

“Thank you for helping us to get our first mortgage! You made everything easy to understand, communicated clearly and got us a brilliant mortgage rate. The Money Partnership staff are friendly and helpful, we would 100% recommend their service to anyone!”

If you have any other questions about mortgages, we’ve got plenty more information on our FAQ’s page.

re-mortgaging

Every so often it’s a good idea to take a fresh look at your mortgage. You want to make sure you’re not paying a higher rate of interest than you need to and if your circumstances have changed you may want to reconsider your re-payment strategy. Thinking about it? To get some further advice on how and why you should re-mortgage, take a look at our handy guides.

If you’ve got into a little bit of debt over the years, it might be possible to consolidate your debts into your mortgage through a re-mortgage. As interest rates are lower, this could save you a considerable amount of money and help you get out of debt sooner.

Ready to start saving? get in touch

If you have any other questions about mortgages, we’ve got plenty more information on our FAQ’s page.

buy-to-let mortgages

Ready for a new venture? Getting a buy-to-let property is great way of generating extra monthly income and in the long run another income stream when you retire. Property investment isn’t easy or risk free, but if you get your figures right and do the research, you can make sensible decisions which will hopefully result in a profitable buy-to-let property.

With residential mortgages you are typically required to put down a 10% deposit, whereas with buy-to-let mortgages you need to put down between 20%-25% of the property value. There are also other costs to factor in too: stamp duty, tax, maintenance and management costs.

Now that you’re becoming a landlord, you are responsible for getting the right certification, insurance and paperwork in place, along with maintaining the condition of the property.

We know it’s a lot to take in! So to get you started, have a read through some of our handy guides:

  • The Risks Involved With Buy-To-Let Properties

  • The Costs involved With Buy-To-Let Properties

  • Finding The Right Buy-to-let Property

  • Your Responsibilities As A Landlord

Remember…When assessing your affordability, lenders don’t just look at your income they look at the rental income your property will generate.

“I have added two properties to my small portfolio, arranged two low rate mortgages and have organised my finances and pension so I can retire sooner than I thought possible. All this and I only contacted you for a mortgage!”

the what-ifs

If you think your personal circumstances are different to most and that you might find it difficult get a mortgage, take a look at our ‘what-if’s’ and then have another think.

what if I’m self- employed?

No problem, if you can prove you have the necessary deposit and you can make the repayments on your loan. Lenders will look at your proof of earnings in the form of an SA302, some require 2 years of accounts some are okay with 1!

what if my credit score isn’t great?
It’s not necessarily your credit score you need to worry about but your credit report. Lenders will look at your credit history to identify any debt, missed or late payments to help indicate whether you are a reliable borrower. Even if your report does show a few blips, we have specialist lenders that will still accept your application so don’t worry. If you would like to review your credit we would recommend ‘CheckMyFile’

what if I live overseas?
So long as you’re a UK citizen, you can still get a mortgage even if you are living abroad.

what if I’m over 50?
Your term may be a little shorter and your monthly payments higher but of course we can get you a mortgage.

what if I don’t have a deposit?
Believe it or not you can get a mortgage without a deposit. A family member can help you get on the property ladder using their savings or equity in their property.

If you have any other questions about mortgages, we’ve got plenty more information on our FAQ’s page.

Financial_advice_questions

A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

mortgage calculator

 
 

* Your home may be repossessed if you do not keep up repayments on your mortgage. Some forms of Buy to Let mortgage are not regulated by the Financial Conduct Authority