Mortgages

Advice on

Miss G
Miss G
Liverpool
Read More
David has been brilliant, made the whole process extremely easy for me and was always helpful when I had any questions. Brilliant work
Mrs F
Mrs F
Derby
Read More
David was amazing, he spent lots of time and effort finding me a mortgage in a difficult financial time both because of my credit history and the effects of covid.
Mr W
Mr W
Hull
Read More
I would recommend this gentleman to anybody who is thinking of doing equity release Very helpful
Mr & Mrs B
Mr & Mrs B
Birmingham
Read More
David is very good at what he does , follows through with every detail and searches for the best mortgages insurance on the market , can’t fault anything with his company , even as far as personal visits to Birmingham to explain everything before finally arranging products , would recommend his services to anybody 5 Star
Previous
Next

Helpful advice on hand

We aim to find the mortgage that best suits your circumstances and affordability, helping you with the paperwork and explaining everything clearly. We encourage you to ask questions, so you understand your options and as we’re not tied to any particular provider, we’ll have access to the full range of mortgages to match your needs.

Our services are wide ranging, from first time buyers to remortgaging, releasing capital or mortgages for buy to let landlords. We’re also able to recommend how best to arrange adequate safeguards to ensure your mortgage would be repaid in the event of unexpected financial hardship.

We will be clear about any fees involved, including any for our advice depending on your circumstances

Help finding mortgages for

We can arrange finance that suit you and your circumstances from our large panel of lenders.

  • Mortgages
  • first time buyers
  • Buy to Lets
  • Bridging loans
  • 2nd charge loans for house extensions
  • remortgage to better rates

 

equityreleasegiftinghousedeposit

Remortgages / Moving Home?

If you mortgage fixed rate is coming to an end, and / or you are looking to borrow more perhaps for some home improvements etc – then we can happily help you identify the best lender / deal for your circumstances

If you are moving house then we can help you understand;

  • How much Deposit you need
  • How much you can borrow
  • What the interest rate and monthly mortgage payments might be
  • How much the setup costs / Legals might all come to

If you’ve discovered your next house, or even if you simply need to know just how much you can manage to obtain before you start looking, it’s well worth having a chat with us at the start. We can help you exercise all the expenses involved, including your legal expenses, so you know exactly where you base on day 1.

The process is straightforward too. We’ll finish a Fact-Finding Questionnaire with you where we’ll gather all the details we need to be able to provide you real, helpful guidance. Utilizing this details, we’ll then discover you the very best possible mortgage. It might even involve moving your present mortgage to the brand-new house– however don’t stress– we can do that for you too.

To get started and confirm borrowing, we typically need;

  • Proof of your income e.g. last 3 x payslips
  • Bank statements to confirm income and outgoings
  • Proof of your identity ( required by lenders

We’ll do this by working with the lender straight, including organizing the evaluation on the new home for you. As soon as the deal is provided by the loan provider, your lawyer will take over and organize the sale of your present house and the purchase of your new one– usually on the same day.

Self Employed Mortgages

 

Around 4.8 million people in the UK are self-employed. This implies you either work for yourself straight and are what we would call a “sole-trader,” or you may operate under a Limited Company as a director. In both circumstances, a mortgage lender will consider you to be self-employed, and therefore for the way they examine your earnings will be various.

With the majority of employed people, the lender will wish to see copies of their payslips, or P60’s. Being self-employed, it’s most likely that you will not have these files. So how do we proof your earnings?

Sole Trader: If you’re a sole trader, each year you’ll be required to complete an income tax return and send it to HMRC. It’s often called a “self-assessment” or by it’s old type name– an SA302. It covers the duration from 5th April to the 4th April the following year, frequently referred to as the Financial Year. The due date to finish an income tax return is the 31st January following the April prior to. Your tax return will produce two crucial documents– an overview and a calculation. Together, these files will evidence what you’ve made in the previous tax year.

To get started and confirm borrowing, we typically need;

  • Proof of your income e.g. last 2 years tax returns
  • Business bank statements to prove trading
  • Personal Bank statements to confirm income and outgoings
  • Proof of your identity ( required by lenders)

 

If you own a business like this, then as far as the lenders are concerned, you are self-employed. (There are occasions where if you own less than 20% of the business, you might be able to apply for a mortgage as somebody who is employed.

As a business owner/director, you can evidence your income in one of two ways. Either through your income tax return, the same as a sole trader might, or through the business’s accounts, which will show your salary and any other money you have gotten, such as a dividend. Frequently, if you look for a mortgage and you are a self-employed business director, the loan provider will look at your share of the net revenues (that’s the cash left after the tax is paid), plus any salary you have actually taken.

It can be confusing, but our advisers are professionals in assisting people understand how much they can borrow based upon their self-employed income. Various lending institutions use various calculations and your adviser will know which loan providers to speak with so you can maximize your borrowing.

Mortgage with Previous Bad credit ?

How do I get a mortgage when I have bad credit?

That’s ok. Not everything in life constantly goes to plan and sometimes it’s easy to fall behind on payments to either charge card or loans.

Having bad credit doesn’t suggest you shouldn’t be able to own your house. It may mean that for a while you’ll have to pay slightly more on the mortgage as loan providers who specialise in this area frequently have higher interest rates, but our advisors will work on a plan for you to get you put with a mainstream lending institution as soon as possible.

We can even wind up with unfavourable issues on our credit file due to things beyond our control, such as CCJ’s or defaults, or even and IVA or Bankruptcy. The bright side is that there are more and more loan providers who will now consider lending cash to you to purchase your house, even though you’ve not got an ideal credit score.

It’s essential to understand that mortgage lenders look at far more than your score. A possible mortgage loan provider will think about the info on your complete credit report, which includes information of your payment history on your credit accounts.

The three primary credit reporting agencies that lending institutions use are Experian, Equifax, and Credit Karma. If you have not already, you can register to these for a totally free trial duration to see your full report. However be cautioned, after the trial period, a few of these websites might charge.

If you believe you have bad credit, the first thing we’ll do is examine your credit report. Once we have that information, we’ll understand everything we require to about your credit story and have the ability to put you with the ideal lending institution. Together with that, we’ll likewise spend time education and helping you to enhance your credit rating, assisting you develop a healthier financial life.

Having bad credit doesn’t mean you shouldn’t have the ability to own your home. It might suggest that for a while you’ll have to pay slightly more on the mortgage as loan providers who specialise in this area frequently have greater rate of interest, but our advisers will work on a prepare for you to get you placed with a mainstream lending institution as soon as possible.

First Time Buyer?

Buying your first home is amazing, and we’re truly delighted that we’ll have the ability to help you do this. You’ll probably have great deals of concerns, so we thought we ‘d inform you a few of the essentials here first.

The very first thing you’ll require to do when you’ve discovered the ideal home, is organize the finance, and that’s where we come in. Once we have this info, we’ll be able to recommend an appropriate mortgage for you that fulfils your budget, and that we’re confident the lending institution will concur to.

We can help you understand;

  • How much Deposit you need
  • How much you can borrow
  • What the interest rate and monthly mortgage payments might be
  • How much the setup costs / Legals might all come to

As this differs from individual to person, your Advisor will let you understand exactly what we’ll require from you. It will not be difficult to pull together however, and your Advisor will help you organize this.

As soon as the application goes in, it’s time to have actually the residential or commercial property valued. We’ll arrange for this to occur with the lending institution and the estate agent. You do not require to do a thing.

Next, after the initial assessment has actually happened and an underwriter has actually taken a look at your case in its entirety, the lender will provide what we call a Formal Offer. This suggests you’ll have the money to purchase the house.

Once the offer is provided, a copy is sent out to your solicitor who will do the required legal work to make the house yours. They will collect all the cash from the lender, and your deposit, and purchase your home for you.