Let’s find the right mortgage for you
Buying a property can be the most significant decision we make in our lives. Because of this, we will do our utmost to find the right mortgage for you. We know the mortgage market inside and out – Douglas Rouwenhorst passed the first recognised mortgage exams “Certificate in Mortgage Advice and Practice” in June 1998 and has over 35 years experience advising and arranging mortgages.
What do you need help with?
Buying a house is one of the most important purchases you will make, and buying a home for the first time will be an even more daunting prospect. Add to this the vast array of mortgage products available from a wide range of sources and you could be left with a high-stress, confusing decision.
Buying your first or next home can be stressful. There are many questions you will need to ask yourself regarding your choice of property.
- How much will it cost?
- Can I afford it?
- How much deposit will I need?
- What type of mortgage do I want?
- Will I get a mortgage?
The home loan market is complex. There are so many different mortgages to choose from. So it’s good to know that, as your adviser, we are on hand to answer your questions. We will help you with the tricky process of not only getting a mortgage, but getting the right mortgage. We take pride in offering a personal service that takes into account your individual circumstances. Your financial situation is unique, so we work hard to understand your goals and aspirations, and make financial recommendations based on a comprehensive and detailed analysis of your needs.
We research from the whole of the market.
It may be possible to ‘port’ or transfer your existing mortgage and rate to a new home especially if you have any form of penalty attached to this mortgage and this would be the first option we would look at for you.
Other lenders may offer better rates than your existing lender or more flexibility in their lending criteria allowing you to take a bigger mortgage and get the house of your dreams and this is the next option we would look at for you.
Remortgages can be used for various reasons. However, most people simply switch mortgages because it will work out cheaper for them. For example, the introductory discounted interest rate may have finished with your current lender; therefore you could potentially get a new discount rate, or a lower APR, with another lender. Another example is when you may need to re-mortgage to consolidate debts.
It is worth noting that a remortgage is not the best option in all cases. Even if the lender you are considering switching to is offering a lower APR, you must take into consideration the facts that:
The new lender may charge you for valuation and solicitors fees, even if you have already paid these for your mortgage with your current lender. If you switch mortgage remember to look at the overall repayment period. You may be able to pay less monthly, but check the final repayment date of the mortgage as well.
Securing short term debts against your home could increase the term over which they are paid and therefore increase the overall amount payable
You may have to pay an early repayment charge to your existing lender if you re-mortgage.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Buy-to-let (BTL) mortgages are for landlords who want to buy property to rent it out. The rules around buy-to-let mortgages are similar to those around regular mortgages, but there are some key differences.
- The fees tend to be much higher.
- Interest rates on buy-to-let mortgages are usually higher.
- The minimum deposit for a buy-to-let mortgage is usually 25% of the property’s value (although it can vary between 20-40%).
- Most BTL mortgages are interest-only. This means you don’t pay anything each month, but at the end of the mortgage term, you repay the original loan in full. BTL mortgages are also available on a repayment basis.
We shop around to get you the best deal and to work with you and the mortgage company to ensure a smooth process start to finish.
The financial Conduct Authority does not regulate Buy to Let Mortgages
Your home may be repossessed if you do not keep up repayments on your mortgage
Ready to get in touch?
Book a FREE initial home visit or talk to one of our experienced financial advisers today to discuss your needs.
1A Upper Green,Tettenhall, Wolverhampton, West Midlands, WV6 8QQ
The guidance and/or information contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK. Mortgage & Financial Solutions Ltd is an Appointed Representative of Quilter Financial Services Ltd and Quilter Mortgage Planning Ltd which is authorised and regulated by the Financial Conduct Authority. Quilter Financial Services Ltd and Quilter Mortgage Planning Limited are entered on the FCA register https://register.fca.org.uk/s/ under reference 440703 and 440718.
Mortgage & Financial Solutions Ltd is registered in England & Wales No: 09627028. Registered Office: 1A Upper Green Tettenhall Wolverhampton West Midlands, WV6 8QQ. For mortgage advice we give clients the option to pay by fee rather than commission. The level of fees will vary according to individual circumstances. Estate planning is not regulated by the Financial Conduct Authority. Will writing is not regulated by the Financial Conduct Authority. Trusts are not regulated by the Financial Conduct Authority.