Sometimes people get into debt through no fault of their own and, even if they have been to blame, want to sort things out. Fortunately, there are now some lenders willing to provide adverse credit mortgages and this short guide will help you understand what to expect.
Not only do you need to consider which mortgage is most suitable for your current needs and circumstances, you also need to think about which interest rate options are most likely to suit your needs. This section has information on the various types of mortgage product which are available.
We charge a fee for providing advice and submitting your mortgage application - £295 for a new mortgage and £250 for a remortgage. However, our fee will be £395 for complex applications e.g. a guarantor or shared ownership/equity case. We will tell you the exact fee after our initial consultation. We will also be paid a procuration fee from the lender. This fee becomes payable by you on submission of a full application to a lender unless it is your wish to add our fee to your mortgage loan.We will receive and retain a commission from the lender when your mortgage completes. This amount will be confirmed by the lender in their disclosure document.
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.
With an Offset Mortgage you can potentially reduce the amount of interest you pay by offsetting a credit balance against the mortgage debt. This article explains further.
Sometimes people want to release equity in their homes because they need cash for a particular purpose. This short guide looks at how certain types of mortgage will allow you to do exactly this.
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.
A flexible mortgage is a product that can make the traditional British mortgage with its fixed and inflexible payment schedule over a fixed term, such as 25 years, look like a bit of a dinosaur. This short guide explains why a flexible arrangement may benefit you.
Remortgaging means switching your mortgage to another deal with another lender without moving property.