Buying a property is likely to be the biggest investment you will make during your lifetime. So it is important to make the right decisions, whether you are a first-time buyer, moving house, or simply re-mortgaging.
As genuinely independent mortgage advisers, we are able access any type of product in the marketplace. This enables us to evaluate and recommend a mortgage arrangement to match your individual needs and aspirations.
Taking out a mortgage can be a daunting task, even if you have done it before. This is where our knowledge and expertise can really benefit you. Our independence will enable us to find a product that is just right for you. Our procedures will help you evaluate your options and make the right decisions.
We start by conducting an in-depth analysis or your situation and requirements. We then guide you through the various options available, explaining the merits of each.
A key decision will be the type of arrangement that best suits you. A repayment mortgage reduces and eventually repays the capital loaned over the stipulated term. An interest-only mortgage pays accrued interest only, so you will need to find an alternative way of repaying the capital at the end of the term.
Another key decision is the mortgage rate. There are a number of different types and options on the market, such as fixed, variable, discounted, or capped.
While advising and assisting you with mortgage type and rate decisions, we will liaise with the other professionals involved in the process. This will ensure continuity, so that mortgage approval can be granted as quickly as possible. If you wish, we can recommend a number of solicitors and conveyance firms with whom we have long-standing relationships.
Frequently, mortgages are offered on a special deal or at a preferential rate over a limited term, say two or three years. The lender will then switch you to their standard variable rate, which will cause your monthly payments to rise. It is therefore important to review your mortgage arrangements on a regular basis.
In such cases we will automatically contact you when you are nearing the end of your current deal and explore whether switching to another lender might reduce your payments and save you money.
We charge a fee for arranging the mortgage which is payable on production of a satisfactory mortgage offer. This is in addition to any procuration fee we may receive from the lender.
Your home may be repossessed if you do not keep up repayments on a mortgage. Not all mortgage products on the market are regulated by The Financial Conduct Authority.