Mortgage Advice

First Time Buyers

Thinking of buying your first home?

Buying a home for the first time can be a stressful experience, let alone trying to visit different banks and building societies trying to find a mortgage. 

We know how much of an impact your first mortgage has, so we search the whole market to ensure you obtain the best rates available from all available providers.

One of our advisers can help you with any questions you may have and give you guidance on purchasing your new home. Whether it is explaining how the interest rate affects your repayments, or the impact of changing your mortgage term.

Moving Home

Moving home can be complicated. You may have an existing mortgage to work around or you may need to take on a larger mortgage.

We can help in all manner of circumstances to meet your requirements. By meeting with one of our advisers we can identify your goals and find the right mortgage deal for you.

We search across the whole market, so we are not restricted to a single bank or building society, meaning we can get the very best rates.

Best of all, we will sort all the paperwork for you, so you have peace of mind that everything is on track.

Remortgaging

You may be coming to the end of a fixed rate or would like to release some equity from your home. 

We can help to find a mortgage deal to meet your needs, whilst always selecting a mortgage with the best rates. With our expert advice, we can help answer any questions you may have, whether it's about how much equity you can release or how best to reduce the term of your mortgage.

The best thing about it is that there is no need to shop around, as we do that on your behalf, so you don't have to. 

Buy to Let

With all the regulation surrounding buy to let and the increased government scrutiny, our expert advisers can guide you through this complex journey.

There is stricter lending criteria, such as the size of the deposit as well as taxation to consider. 

There are also other legal responsibilities, as you will become a landlord. Our experts can talk you through some of the common questions people have when embarking on this journey.

Once you buy a property, you can potentially earn a profit in two ways:

• Rental yield – what your tenant(s) pay in rent, minus any maintenance and running costs, like repairs and agent fees.
• Capital growth – the profit you earn if you sell your property for more than you paid for it.

Help to Buy

You could be closer than you think to owning your own home

The government has created Affordable home ownership schemes including Shared Ownership and the First Homes scheme to support people like you to buy your own home.

If you are a first-time buyer, the First Homes scheme may allow you to buy a home for 30%-50% less than its market value. With Shared Ownership, deposits are typically much lower as you are only buying a share of the property and renting the remainder.

You can talk to our expert advisers who can explain all the options available to you.

Equity Release

If you are over 55 and own your home, Equity Release enables you to unlock some of the value within your house to provide you with a lump sum or an income.

As this is a specialist area, you can speak to one of our experts to discuss if this is right for you. We would also recommend you take independent legal advice and talk to your family to ensure that this is the best option for you.

There are two types of equity release available, Lifetime Mortgage and Home Reversion.

• Lifetime mortgage: you take out a mortgage secured on your property provided it is your main residence, while retaining ownership. You can choose to ring-fence some of the value of your property as an inheritance for your family. You can choose to make repayments or let the interest roll-up. The loan amount and any accrued interest is paid back when you die or when you move into long-term care.

• Home reversion: you sell part or all of your home to a home reversion provider in return for a lump sum or regular payments. You have the right to continue living in the property until you die, rent free, but you have to agree to maintain and insure it. You can ring-fence a percentage of your property for later use, possibly for inheritance. The percentage you retain will always remain the same regardless of the change in property values, unless you decide to take further cash releases. When the property is sold the sale proceeds are shared according to the remaining proportions of ownership.