Mortgage Information

There is no set formula to work out how much you can borrow as different
lenders will look at different things, this can include; Size of Deposit,
Type of Income, Type of Property, Outstanding Finance, Credit Conduct and
much more. If you speak with one of our specialists, we can quickly look at
your situation and be able to provide you with the answers you need to find
your next home.

To get a mortgage you have 2 options

1. Speak to an Independent Mortgage Broker and they will guide you through
   the entire process and beyond. An independent broker will look at multiple
   lenders for you and will help you beyond getting your first mortgage.
2. Go directly to the Bank.

There is no set timescale for a mortgage application as it depends on the
lender and complexity of the case. A rough time scale would be 4-6 weeks
however it could be quicker or longer. If you speak with one of our
specialists, we will be able to advise you on how long the application will
take depending on your current financial status.

This is very much lender dependent but typically a mortgage offer is valid
for 6 months.

Mortgage Offers can be extended, how long they can be provided for is
specific to each lender. This is particularly important in the case of New
Build properties. If you speak with one of our specialists, we will be able
to advise you on the correct course of action if you are buying a new build
property.

There is no specific credit score you do or don’t need for a mortgage and
it’s not the number lenders look at but how you conduct your credit. We
would recommend getting in touch and one of our Advisers will guide you
through this.

If you have a history of adverse credit you may still be able to get a
mortgage, it will depend on what it was, how much it was for and when it
was. It is best to speak to an Adviser to help you with this. Click on the
contact us button now and one of our advisers will get back to you quickly
to discuss.

Some Advisers may offer fee free services however this is dependent on the
firm’s service offering.

It is not possible to give blanket advice, what’s right for one may not be
right for another. Every recommendation is tailored to each individual
client and their circumstances. Hit the contact us button for more
information and guidance on what is right for you.

A Tracker mortgage is a type of Variable rate mortgage that will track a
Base Rate, normally this will be the Bank of England Base Rate. Hit the
contact us button for more information and guidance on how this type of
mortgage might work for you.

An Interest Only mortgage is a mortgage in which your monthly payments only
cover the interest on the loan and do not reduce the outstanding mortgage
balance/debt. Hit the contact us button for more information and guidance
on what is right for you.