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Whether you’re a first time buyer looking to get on the housing ladder with a 95% mortgage, an existing home owner wanting to remortgage, a landlord looking for a buy to let mortgage, if you’re self employed or even if you’ve had poor credit in the past, then we can offer advice on a mortgage to suit your needs. If you are struggling with affordability due to restrictive income multiples on a first charge then it’s worth considering a second charge mortgage. In light of tax changes to investment properties, as of April 2017 more and more professional landlords are looking down a limited company buy to let route by setting up a Limited company SPV to reduce their tax liabilities. 

We offer advice on a range of insurance products. If you’ve bought your home, you’ll want to protect your valuable investment. Buildings cover home insurance is a legal requirement to a mortgage lender, but there are further coverage insurances that can protect you and your family from unexpected changes in circumstances; such as unemploymentcritical illness. Although it doesn’t bear thinking about, death of you or your loved one is something that could affect your ability to pay the mortgage, you can offset this risk with life insurance.

We are experienced in dealing with various aspects of bridging finance, whether you’re looking to purchase a property at auction, beginning a property development project or if you’re looking long term then a property investment loan could be what you’re looking for. If you have found your dream home but you’ve not found a buyer for your current home then a bridging loan can allow you to purchase your new residential property quickly, meaning you don’t have to miss out on the perfect home for you and your family. Alternatively if you’re looking to downsize your property and again you don’t have a buyer in place then bridging finance gives you the flexibility you require.

We are experienced in dealing with commercial and development finance opportunities, whether it’s big or small loans, we can point you in the right direction to get your project off the ground.

MORTGAGES

Whether you’re a first time buyer looking to get on the housing ladder with a 95% mortgage, an existing home owner wanting to remortgage, a landlord looking for a buy to let mortgage, if you’re self employed or even if you’ve had poor credit in the past, then we can offer advice on a mortgage to suit your needs. If you are struggling with affordability due to restrictive income multiples on a first charge then it’s worth considering a second charge mortgage. In light of tax changes to investment properties, as of April 2017 more and more professional landlords are looking down a limited company buy to let route by setting up a Limited company SPV to reduce their tax liabilities. 

INSURANCE

We offer advice on a range of insurance products. If you’ve bought your home, you’ll want to protect your valuable investment. Buildings cover home insurance is a legal requirement to a mortgage lender, but there are further coverage insurances that can protect you and your family from unexpected changes in circumstances; such as unemploymentcritical illness. Although it doesn’t bear thinking about, death of you or your loved one is something that could affect your ability to pay the mortgage, you can offset this risk with life insurance.

BRIDGING

We are experienced in dealing with various aspects of bridging finance, whether you’re looking to purchase a property at auction, beginning a property development project or if you’re looking long term then a property investment loan could be what you’re looking for. If you have found your dream home but you’ve not found a buyer for your current home then a bridging loan can allow you to purchase your new residential property quickly, meaning you don’t have to miss out on the perfect home for you and your family. Alternatively if you’re looking to downsize your property and again you don’t have a buyer in place then bridging finance gives you the flexibility you require.

COMMERCIAL

We are experienced in dealing with commercial and development finance opportunities, whether it’s big or small loans, we can point you in the right direction to get your project off the ground.

A Selection of the Lenders We Use

Frequently Asked Questions

An income multiple is what a lender occasionally uses to calculate a maximum figure they can look to lend you for a mortgage, for example; 4.5x income multiple on an income of £30,000 per annum would amount to a £135,000 mortgage. This however could reduce when the overall affordability of an application is looked into. Details such as monthly commitments on both household costs, bills etc, along with unsecured credit commitments such as credit cards or car finance will all have a bearing on what they lender deems to be ‘affordable’. Lenders have tightened their affordability models and how they assess a mortgage application and therefore it is now key to ensure that consumers are comfortable with mortgage repayments.

A mortgage term is the total number of years in which you have taken the mortgage over. The term that you take isn’t just a ‘pluck a figure out of thin air’ arrangement, and is something you need to consider seriously. It goes without saying the longer you take the mortgage term, the more interest you will pay, so it’s in your best interest to keep the term as low as possible on this basis. That said, it’s not always that easy as having a shorter mortgage term as the term itself can have a significant bearing on the amount you can borrow and the monthly repayments. The length of the mortgage should always be specific to your needs and not simply a generic figure.

This is also known as ‘decision in principle’ and is an agreement from a mortgage lender confirming whether they are willing to lend. They will base this assessment on the information provided to them initially, a credit search & an affordability assessment. When purchasing a property it is usually a preferred requirement that you have had an agreement in principle to show that you can borrow the funds required.

This all depends on your personal circumstances. Many factors go into making a decision on how much you are eligible to borrow from a lender when enquiring about a mortgage. These include ‘income multiples’ (please see above what is an income multiple section for more details), your credit score (please see what is a credit score section above for more details), your overall finances – how much you currently have as unsecured debt, how many dependents you have, what mortgage term you will be looking at, what product you will consider and last but certainly not least your income. These are just a few of the factors taken into consideration, but as professional mortgage specialists, we can help advise you on your mortgage needs.

This again is a generic term used in the mortgage industry to simply state whether something is affordable or not. I.e. based on the information provided, is it reasonable to assume you can afford to keep up with the repayment. Again, various factors come in to play when assessing the overall affordability as mentioned above in ‘what is an income multiple’ & ‘what is a mortgage term’.

A credit score is statistical data that determines your credit position. There are 3 more commonly known credit referencing agencies; Experian, Equifax and Call Credit, all of whom report data to give you an overall score. There are various factors that can impact your score these include; missed payments or defaults on your finances, not being on the electoral register, too many searches being carried out on your file within a short period – all of which can have a negative impact on your score. Being on the electoral register, keeping up to date with your payments and not being over indebted (being too reliant on credit) can improve your score as well as other factors. As well as lenders using credit scoring from these credit referencing agencies, they also conduct their own personal internal score on you as a client to make a decision on whether to lend money or not.