Are you restricted to certain lenders?
To a point but with over 100 available to us, we have a huge amount of choice available so based on your requirements and circumstances, we know where to go. To find out more, please get in touch for an initial discussion.
How long does it take to get a mortgage?
We are very efficient and the key is finding the right solution for you. With that in-mind it’s impossible to say how long it is on here but if you get in-touch we can certainly find out more about what you need and advise how quickly we can help you achieve that. To find out more, please get in touch for an initial discussion.
If I’ve been refused a mortgage elsewhere, can I still contact you?
Absolutely. Many of our previous clients have been refused elsewhere or offered unfavourable terms and come to us. To find out more, please get in touch for an initial discussion.
Do you charge a fee for your service?
There is no charge for our initial and no-obligation discussion and during that we will take you through our fees as relevant to the service you are looking for. If you decide to proceed then those fees will be due for the work we complete for you as agreed. To find out more, please get in touch for an initial discussion.
Do you cover a certain area in the UK?
We cover the whole country and thanks to how we use facetime, whatsapp, email, skype, text and the phone itself, we can provide a high level of service wherever you are. To find out more, please get in touch for an initial discussion.
I am hard of hearing / deaf, can a member of your team help me?
Yes! Our team member Matt is fluent in British Sign Language and is here to help over video calls or in person. Email us today and ask for Matt.
Our Jargon Buster
We appreciate that there are lots of terms associated to mortgages and protection which might be new to you. With this in mind, we’ve collated a list of common terms we use and provided an explanation of their relevance below. If you have any questions or would like to know more, please contact our team.
Agreement in principle
Once received, this means your mortgage application (or other financial service) has been agreed ‘in principle’ and is then subject to confirmation of the criteria upon which the application was based. For example the valuation of your property and your income will be verified and from there, all being well, the next step is to receive the offer.
This is the fee that the lender will charge for arranging the mortgage/cover. It is usually a one off fee and should be detailed within your paperwork received.
This is the basic rate of interest as determined by the Bank of England.
This is the moment when all legal necessities have been completed and your lender advances the funds for purchase. This is typically to an account held by your solicitor and at that time everything is complete.
As per above regarding completion, this is the date that all parties involved in the chain expect to ‘complete’
This is the fee you will pay a solicitor (or a licensed conveyancer) to cover the legal work for registering the property in your name. The final bill for this service should also include stamp duty, land registry fees and his or her disbursements.
Land registry fees
If you take out a mortgage or change an existing one on a property, this needs to be registered with the Land Registry, who will make a charge for amending the records.
Loan to value ratio
This is a simple ratio or percentage that expresses the proportion of a loan to the value of the property. In other words, if you’re looking to borrow £150,000 on a property valued at £300,000 you’d need to secure a 50% loan to value rate.
The mortgage deed is the written legal agreement between you and your lender.
Is something you clearly want to avoid, since it arises when the extent of your borrowing is greater than the current market value of the property.
The fee that a Mortgage Lender will pay to an introducer for introducing the business to that lender.
Redemption / Early Repayment charges
Redemption or Early Repayment charges are the penalty you’ll incur if you wish to repay your mortgage before the end of its full term.
It will be important to make sure that there are no plans in the neighbourhood that might affect the future value of your home. For this, you need to ask the local authority to do a search for you and, of course, there is a charge.
This is a tax that is paid when buying property or land. It’s applied on a sliding scale. Please note: Stamp duty brackets change from time to time so be sure to check the Government website for the latest figures: https://www.gov.uk/stamp-duty-land-tax .