Mortgages

FIRST TIME BUYERS

With a small deposit (starting from 5%), you can take out a mortgage loan and buy a flat or the house of your dreams in the UK. With help of an impartial mortgage broker, the whole mortgage procedure becomes simple. Broker controls the entire process on your behalf from the very beginning to the very end. You are only required to provide relevant documents. Mortgage broker will help you to choose the right lender, and the deal best suited to your needs, from the comprehensive range of mortgages from across the market.

REMORTGAGE

Remortgage involves changing the terms of your present loan. The remortgage process is usually carried after a “fixed rate” period, i.e. at the end of the fixed interest rate period of the loan. If you have a house loan, you should check whether over recent years a lower interest-bearing product has not appeared on the market that could successfully replace your current loan product. Such a solution often provides significant savings on monthly instalments, as well as the opportunity to disburse part of the property value in cash form, for example for the purchase of another house or the renovation or conversion of the current one. The only cost for this type of solution is the cost of the broker service. All other costs related to the loan transfer are usually covered by the bank.

BUY TO LET

As the very name suggests: buy to let. An increase in rents, a growing population in the UK, low interest rates at banks and ever increasing real estate prices: they all contribute to a perfect environment for property investments. In other words, it's time to think about the landlord profession. However, in order to qualify for a Buy to Let loan, you have to fulfil certain specific criteria, like having one residential mortgage, i.e. living in your own property. Banks usually require a minimum deposit of 25%. In addition, your income must be at least £25,000 a year.
It is also necessary to prepare a detailed investment strategy. Usually the rent must be at least 125% of the monthly loan instalment. Otherwise, the entire investment will not be profitable and the bank simply will not grant you a Buy to Let loan if it will not see any investment potential in it.
If you consider taking a loan to invest it in a flat to let, it is strongly recommended to use the support and advice of an impartial mortgage broker.

For mortgages we are being paid by a combination of both: commission from the lender which will be shown on the KFI, and a broker fee from the client, of usually £550.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
The FCA does not regulate some forms of buy to let mortgages.