FAQs

 

If you go direct to a bank or other lender, you will typically only be able to access their range of mortgage products. You won’t know if there are cheaper or more appropriate rates available elsewhere.

When using a mortgage broker, ensure that they are a whole of market adviser such as Green Pea. This means they can access the whole market to find the most suitable mortgage for you, rather than their advice being restricted to a limited number of lenders. They can also deal with much of the mortgage process, saving you the time and hassle of overseeing your own application.

Yes. Our advice is always based on analysing the whole of the market to find the right mortgage or finance for you.

We don’t have any affiliation with a particular lender, and we’re CeMAP qualified and FCA registered.

Yes, we advise on both. If you are purchasing a new-build property using the government Help to Buy scheme we will also complete the Help to Buy loan application form.

Purchase

Yes, there are.  Certain lenders offer enhanced income multiples, which means a higher level of borrowing may be available to you. 

We have been working with professionals for many years and are aware of which lenders offer these enhancements, and to which professions.

Yes. We’re remortgage experts and so we can search the whole of the market to find the right mortgage for you. We suggest you contact us in plenty of time as you can secure your new interest rate up to six months before your existing mortgage product expires.

We specialise in both residential and Buy to Let remortgages and so we can also help you if you’re a landlord looking to refinance your investment property.

Remortgage

Your credit file provides details of your current and previous credit facilities and associated payment history.  Subject to the content, this may be useful in determining the most suitable lender for you.

You can obtain a copy of your credit file using the link below.

See your multi-agency report

‘Try it free for 30 days, then £14.99 per month (cancel anytime)’

Sometimes. Many mortgages are ‘portable’, meaning that you can move your current mortgage product with you to the new property to avoid paying any Early Repayment Charges. Bear in mind that a lender will assess your application afresh when you move home, and so if your circumstances have changed there is no guarantee that they will agree to the lending you require.

We can help you explore your options and find the product that suits you.

Yes. We have wide experience with Buy to Let mortgages, both for purchase and remortgage. Whether you’re a first-time landlord or an experienced portfolio investor, we can help you raise the finance you need.

We are able to arrange mortgages for individuals as well as Limited Company Buy to Let.

Buy to Let

Yes. We have developed excellent market knowledge through arranging hundreds of mortgages over many years. We know which lenders to approach if, for example, you have just one year’s accounts, you earn bonuses or commission, have more than one employment, or you have investment or other non-traditional income.

Whatever your circumstances, get in touch.

Get in touch

We do not have a calculator on our website because there is not a standard calculation which applies to all lenders. Every lender has their own underwriting criteria. The amount they will lend depends on your income, your outgoings, and the amount you can put down as a deposit.

We can help you establish exactly what your borrowing potential is, and we can also obtain a ‘decision in principle’ from a lender to put you in a strong position when you’re negotiating on a property purchase.

Yes. Unlike some mortgage brokers who charge up to 1% of the mortgage advance (a £2,000 fee on a £200,000 mortgage), we typically charge a flat fee of £399.

And, as our fee is only payable when we obtain your mortgage offer, if we can’t secure the finance you require, we won’t charge you.

Specialist finance

Yes. Unlike many other mortgage brokers who charge up to 1% of the mortgage amount they agree (a £2,000 fee on a £200,000 mortgage), we typically charge a flat fee of £399. And, as our fee is only payable when we obtain your mortgage offer, if we can’t secure the finance you require, we won’t charge you.

An Equity Release mortgage, sometimes referred to as a Lifetime Mortgage, is specifically for borrowers aged 55 and above who have equity in their home. (Equity is the value of the property less any borrowing secured on it.)

Equity Release may allow you to release cash from your home without having to sell your property and move out. Often, it has more flexible terms with options including:

·         Full repayment

·         Partial repayment

·         No monthly repayments with the interest due added to the borrowing

The loan is repaid through the eventual sale of the property.

Equity Release

Yes. When you take out any mortgage it’s important to consider whether you need to protect yourself, and your family or beneficiaries, and leave the property mortgage-free. Protecting your health and income could also be important if your family is reliant on your ability to earn money.

We have access to a wide range of protection contracts, and we can advise you on the most appropriate cover for you.

Protection

Get in touch

Ready to arrange your property finance? Need to get a ‘decision in principle’? Or would it help to have a quick chat to discuss your mortgage options? Please get in touch using the contact form below!