FAQs
Listed below are some frequently asked questions and answers.
A mortgage adviser will meet with you initially to complete a fact find. They will give you an idea of how much you can borrow and how much it would cost per month. They will discuss the different interest rates, mortgages and related insurances and recommend a package that is right for you. They will hold your hand from putting in your offer all the way through to picking up your keys. They deal with estate agents, lenders and solicitors to ensure everything goes smoothly.
We don’t charge any fees as we will receive a commission from the lender as and when the mortgage completes.
You would usually need at least a 5% deposit. A deposit can be made up of different parts. All lenders will accept savings, most will accept a gift from a family member, and some will accept a gift from a non-family member or even a discount of the purchase price if you have lived in and rented the property you are looking to buy.
Most lenders measure risk by checking your previous credit, if you have had previous credit problems you can usually still get a mortgage, the lender may need a larger deposit or may charge a higher interest rate depending on what your credit problems are and how much for.
As long as you can prove your income we can usually find a lender to help.
