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How long will it take to have the mortgage approved?There are a number of different variables that can impact how long the process takes but the main variables will be your personal circumstances and the lenders current service times. There is no set time and it varies case to case, we will do everything our end to ensure your application is processed as quickly as possible and will try to provide a rough guide at the time of application given your circumstances and the lenders service position. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE REPAYMENTS ON YOUR MORTGAGE.
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How much of a deposit will I need, is there a minimum amount?Your deposit size will depend on the property purchase price you have agreed. Typically you will need a minimum of 5% of the property value for a standard residential purchase however, whether this is possible will very much depend on your personal circumstances. Contact us to discuss how much you would need given your circumstances. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE REPAYMENTS ON YOUR MORTGAGE.
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Where are you based and do you do face to face appointments?Our office is based in Eastbourne, typically appointments are completed over the phone or via a video call. However, in certain scenarios we can arrange face to face appointments, get in touch to find out more. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE REPAYMENTS ON YOUR MORTGAGE.
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When are you open?Our standard office times are Monday to Friday 9am - 5pm however, if you are not available in these times still get in touch and we can arrange out of hours appointments to work around your schedule. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE REPAYMENTS ON YOUR MORTGAGE.
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Do you have a minimum loan amount?As a company we do not have a minimum loan amount however, each lender will have a minimum amount they are able to lend which will differ. Get in touch to find out more. * Please note that we are not a lender, we are only the intermediary who provide the advice. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE REPAYMENTS ON YOUR MORTGAGE.
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Can I own a buy to let property through a limited company?In short yes you can however, there are pros and cons to owning in your personal name and through a limited company. Get in touch to find out if this could be a suitable option for you. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE REPAYMENTS ON YOUR MORTGAGE.
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How much can I borrow?It will all depend on your personal circumstances . Each individual lender has their own way of assessing how much they will lend you. Typically they will take your income and times it by a multiple however, they will also take into consideration things such as your credit history, current debts, employment history and a number of other variables. Get in touch with us and we can discuss this in more detail with you and find out how much you could borrow. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE REPAYMENTS ON YOUR MORTGAGE.
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Why do lenders look at my credit file?Bank and Building Societies will want to know if you are a reliable person to lend money to. The way they understand this is by looking at your credit history and if you have managed to maintain your credit commitments over the past six years. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE REPAYMENTS ON YOUR MORTGAGE.
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Is it possible to self certify income?No, this is no longer possible. It used to be possible however, lenders will need to see evidence of your income, whether it be payslips, tax calculations, tax year overviews or limited company accounts. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE REPAYMENTS ON YOUR MORTGAGE.
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What fees are involved when arranging a new mortgage?Banks and building societies typically offer a range of products with a number of different fees such as, valuation fees, legal fees, product fees, admin fees, please note there may be other fees and they are not limited to the examples. Fees may differ between mortgage providers. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE REPAYMENTS ON YOUR MORTGAGE.
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Can I transfer my current mortgage to a new property?Sometimes this is possible however, it will depend on the original terms you agreed with your lender and your current position. Get in touch with us and we will help review your mortgage to see if this is possible. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE REPAYMENTS ON YOUR MORTGAGE.
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Can you get a mortgage on a property with a short lease?Buying a property with a short lease can be difficult, each lender typically has a minimum amount or years required on the lease. We will be able to confirm if it is possible with the current lease in place. If it is not possible with the current length of the lease it may be possible to extend the lease as part of the process. Get in touch to discuss in more detail. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE REPAYMENTS ON YOUR MORTGAGE.
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My existing mortgage rate ends soon, when can we look at my options?We advice starting to look at your options six months in advance of your existing rate ending, get in touch and we will help you review the options. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE REPAYMENTS ON YOUR MORTGAGE.
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