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Mortgage/Remortgage
Need a mortgage to buy your home or simply remortgage
Whether you are a first time buyer or a homeowner, it makes sense to shop around for the right mortgage. That doesn't mean you have to trudge around all the high street banks and building societies.
We will look further to find you the right mortgage to suit your individual needs saving you a lot of time and effort.
Not only will we find you the best deal, we will provide you a qualified adviser to guide you through the many pitfalls involved in house purchase.
We can arrange a remortgage for any lawful purpose including home improvements, debt consolidation and business purposes.
Buy To Let
Buy-to-let mortgages are for investment properties.
As with regular domestic home loans there are many products on the market ranging from special offer deals to fixed and variable rate loans. With a buy-to-let mortgage some lenders will only consider your rental income when offering a mortgage, while others will place more emphasis on your normal earnings, especially if you only have one or two rental properties.
We are here to help
More than any other type of mortgage you have to get the right buy to let mortgage if you are going to profit from your property.
Your expected rental income must exceed your mortgage repayments by a certain percentage. For example your mortgage lender may require a rental income of between 100% and 130% with the most common percentage being 125% at this time. Your lender will also want to establish whether the property you are buying is a good long term investment. Buy-to-let mortgages are subject to the usual status checks. Generally buy-to-let mortgages are available for between five and 45 years and for up to 80% of the property value or purchase price whichever the lower is.
When considering a buy-to-let it is also necessary to bear in mind any additional costs such as letting agent's commission, insurance premiums for building and contents cover and rental and legal expenses cover, the costs of keeping the property in a suitable condition for letting, service charges and ground rents if the property is leasehold.
Not all forms of mortgage are regulated by the Financial Services Authority.
We can even provide you a solicitor at very competitive rates.
Call us now on 01743 233422.
