The financial services industry regulator, the Financial Conduct Authority (FCA), has set out a new set of rules for mortgage advisers, and lenders, to improve the process of getting a mortgage.
A mortgage is likely to be the single largest financial commitment you ever make. There's a wide range of mortgage products out there, with varying interest rates and repayment options available.
Our fee for this service is up to £1000 payable on application. On a normalmortgage case this is usually £300.00 which is refundable if the mortgagedoes not proceed. There will be no refund if the mortgage is offeredand you decide not to proceed.
An offset mortgage enables you to use your savings to reduce your mortgage balance and the interest you pay on it.
Remortgaging means switching your mortgage to another deal with another lender without moving property.
These are mortgages suited to people building a new home. With a self build mortgage, money is released in stages as the build progresses.
A bridging loan is taken out to ‘bridge’ the gap between the purchase of a new property and the sale of an existing one.
These types of mortgages are designed for property investors and private landlords, who do not intend to live in the purchased property but will let property to tenants.
Before you choose a specific deal, you need to decide what type of mortgage is the most appropriate for your needs.
The government has put in place a number of schemes to support house purchasers, such as Help to Buy.
With options for overpayment and payment ‘holidays’, a flexible mortgage can make the traditional 25-year British mortgage look rather old-fashioned.
People buying their first home often have specific needs when it comes to finding a mortgage. A range of mortgages exists specifically for this market sector.
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