Mortgages

Mortgages

There are thousands of mortgage products available for all sorts of circumstances but finding the right one is not an easy task.

The choice in the mortgage market can be confusing with so many products to choose from. We take the confusion out of mortgages and present the options clearly and simply, allowing you to make sense of the products available.

 

So whether you are a looking for a Foster Carer Mortgages, Actor Mortgages, Interest Only Mortgages, Self-Employed / Freelancer Mortgages, HMO Mortgages or something more straightforward then we can help.

First Time Buyer Mortgages

As a first time buyer we understand that whilst purchasing your property will be an exciting time, you may also need our extra reassurance that everything is going as it should be. Our team will always be on hand to answer any questions you may have and will keep you updated through each and every step of the way.

We use professional mortgage sourcing software which is updated daily for us to find you the latest deals from a comprehensive range of providers. So if you are a first time buyer, a homemover, remortgaging, sorting out your buy-to-let investments or you need any other mortgage-related help or advice, then please do not hesitate to click on the enquiry button below.

Make an Enquiry about our First Time Buyer Mortgages

Single property and portfolio buy to let mortgages

 

We will treat your buy-to-let mortgage application with a proactive approach whilst delivering a personal and efficient service. We will find the best solution for you, taking into consideration your needs and requirements.

We also offer buy-to-let mortgage sourcing services and are experienced at arranging buy-to-let mortgages for investors with a single property all the way through to professional landlords with a extensive portfolios.

 

 

The market has changed over the last 12 months with lending criteria tightened. This has placed some investors in an awkward position when remortgaging but we have experience in restructuring buy-to-let financing, allowing you to move forward and bring your investment under control.

Lenders generally have a minimum income requirement and also calculate borrowing on the rental income being 125% of mortgage premiums – however, this can vary, so please try our calculator below.

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

In general buy-to-let mortgages are not regulated by the Financial Conduct Authority.

Make an Enquiry about our Single property and portfolio buy to let mortgages

Let to Buy Mortgages

Looking at alternative options?

Let-to-buy, i.e. the process of letting one house out to facilitate the purchase of another, can offer an escape from the sometimes drawn-out procedure of selling one home to buy another, especially relevant during times of a weak housing market or higher than average numbers of homes for sale.

Let-to-buy also allows for a speedier moving process because the house move is independent on the sale of the existing property, which avoids lost opportunities to buy that dream house.

Let-to-buy also offers the distinct advantage of providing a regular income from the rented property and an investment for the future should you choose to continue with the arrangement in the longer term.

In addition, it is an excellent basis from which to start building a property portfolio.

Make an Enquiry about our Let to Buy Mortgages

Remortgage

Looking to reduce or fix your monthly mortgage payments or free-up money for home improvements?

We can help you decide if it’s beneficial for you to switch your lender.

If you are an existing homeowner, there are several reasons why you may want to remortgage:

  • Lower interest rate
  • A secured fixed rate
  • Home improvements
  • Debt consolidation
  • Raise a deposit for a new property purchase
  • Help your children onto the property ladder

We will do our utmost to find a mortgage package that best suits your needs and requirements (i.e. your time constraints, budget, attitude to risk, lifestyle etc.) We will treat your mortgage application with a proactive approach whilst delivering a personal and efficient service.

We will also look at the best product your current lender can offer before searching for a more competitive deal from another lender.

This way we can assess if it will be financially beneficial to switch to another lender or stay with your current lender. We take into account any fees which would be payable if you do switch, which may include broker, lender arrangement, valuation and legal fees. It may be worth noting that many lenders offer free valuation and legal fees on remortgages.

After we have carried out a review of the market, you will be advised of the options available to you and we will recommend the option which best meets your needs.

If we conclude that you’re already on the best deal, we’ll tell you just that.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Make an Enquiry about our Remortgage

Homemover Mortgage

Moving home can be a stressful time, there are so many things to think about and making sure everything happens when it’s supposed to.

We can take some of the stress out of the whole process by providing you with the help and advice to find the most suitable mortgaging option which best meets your needs.

It’s not just about arranging a new mortgage, we need to look at your current mortgage and assess whether it is in your best interests to redeem it or possibly transfer it to the new property.

We will also look to see if you will have any penalties to pay if you don’t keep your existing mortgage and transfer it. These penalty charges can make switching lender an unsuitable option.

We will advise what is best for you.

Make an Enquiry about our Homemover Mortgage

Shared Ownership Mortgages & Keyworker Schemes

Your first step onto the property ladder.

Shared ownership mortgage schemes are a Government incentive backed up by developers and housing associations  to provide high quality affordable housing, ideally suited for first time buyers and key workers.

How do shared ownership mortgages work?

The shared ownership mortgage scheme works by property buyers ‘sharing’ the ownership of the property. On the initial purchase you will typically buy 25/50/75% of the total property value.

What are the benefits of a shared ownership mortgage?

The main benefit of getting a shared ownership mortgage is that you get a foothold on the housing ladder and benefit from the increase to the value of your ‘share’.

Also these schemes are unique in that you can ‘staircase’ up your ownership of the property; meaning you have the ability to buy additional sections of the property at a later date. Therefore you can start off by buying 50% of the property initially, then in 2 years buy another 25% and finally the last 25% so you own the entire property. This saves you the cost of having to ‘size up’ during your working life. As you increase your ownership of the property your rent decreases to reflect the increased ownership.

Make an Enquiry about our Shared Ownership Mortgages & Keyworker Schemes

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

An admin fee of up to 1% of the mortgage (typically only £345) may be charged before the mortgage completes. We will also be paid commission from the lender. The precise amount will depend on the complexity of the work involved and will be discussed and agreed prior to submitting the mortgage application. The Finance Roome Limited is an Appointed Representative of Personal Touch Financial Services Limited, which is authorised and regulated by the Financial Conduct Authority. Registered Office address is Hangar SE49@Skypark, Gloucestershire Airport, Cheltenham, GL51 6SR. Registered in England and Wales. Company No. 05901651. The Financial Conduct Authority does not regulate Legal Services, Accountancy Services, Will Services, Conveyancing Services and some forms of mortgages.

The information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

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