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Mortgages

Purchase

Financial Group Meeting

Purchase – Whether you are buying your first home or your next home we can find you the product to suit your needs from our whole of market sourcing system.

If you are buying your first home the overall cost for comparison would be 4.7% APR. The actual rate available will depend on your circumstances. Ask for a personalised illustration.

 

Re-mortgage

Remortgage- If your current mortgage deal has come to an end we can review the current market place for you to see how competitive your lenders new deal is or whether you could save money or interest by switching to a new lender

 

Buy to let

Buy to Let – This is a mortgage on a property that is "let out" as a long term investment.

 

Right to Buy

Right to Buy – This is the purchase of your local authority property from them usually at a discount however if you sell the property within a time period of 3-5 years you may have to repay some of this discount back to them.

If you are buying your council house the overall cost for comparison would be 4.3% APR. The actual rate available will depend on your circumstances. Ask for a personalised illustration

 

Shared Equity/Shared Ownership

Shared Equity means that you buy a given equity share in a property and take out a mortgage for this amount – e.g. 75%; however, while the developer and/or Government own the remaining share you do not pay rent on it. When the property is eventually sold the developer and/or Government will be entitled to receive their share of the value (equity) of the property.

Shared Ownership means owning part of your property in conjunction with a co-owner; which is typically a Housing Association. You take out a mortgage for the part that you own (you are able to buy a 25%, 50% or 75% share in your home) and pay rent to the Housing Association for the remaining share of the property that you do not own. The larger the share that you purchase, the less rent you have to pay. When you can afford to do so, you can buy more shares (known as staircasing) until you own your home outright.

 

Commercial Lending

Commercial Lending – The ability to purchase your business premises by way of a mortgage or bridging facility to suit you and your business needs.  These will be passed on to a specialist in this area.

 

 

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice, the precise amount of the fee will depend upon your circumstances but we estimate that it will be £500

The Financial Conduct Authority does not regulate commercial lending and some aspects of buy-to-let mortgages.

 

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