Whether you are a First time Buyer, Home-mover or looking to re-mortgage your existing home, our Independent Mortgage Advice is an integral part of our services available to all our clients.
As Independent Mortgage Advisers our objective is to take you step by step through the home buying process and assist you in finding the best mortgage deal suited to your individual needs and we can also advise on and arrange any protection that may be required to safeguard your family and your home. We are not tied to any one lender so you can expect to benefit from an in depth knowledge and experience in dealing with the many lenders in the marketplace.
Your Mortgage Consultant can often be the key component in co-ordinating various aspects of the house purchase process; initially establishing how much you can afford to borrow and obtain a lender’s decision in principle ensuring mortgage facilities are available to you, giving you peace of mind when offering on a property. You can also expect your mortgage consultant to take you through the different types of loan available in order to establish the right one for you and liaise with your Solicitor and Lender every step of the way to ensure everything is in place for your agreed move in date.
We do not charge a fee for our Independent Mortgage Advice as it is our normal practice to retain commission paid by the lender which covers the costs of our advice and service, the precise amount will depend on your circumstances, but we estimate that it will be 0.35% of the loan amount. Clients may opt to pay a fee of £1,000 (this is purely optional) and by doing so we will refund any lender’s commission received back to the client.
We are also experienced in other specialised areas of lending including Buy-to-Let, whether you are seeking to buy one rental property or build a portfolio of buy-to-let properties.
Equity Release is another area of specialised advice we can assist with and is aimed at clients in retirement who have a requirement to release some of the value in their home to support their standard of living in retirement and their home is the only asset they are able to fall back on. This normally involves a Lifetime mortgage or Home Reversion Plan and our experts take a great deal of care to ensure this type of arrangement is appropriate, and you and your family/beneficiaries can expect a full rationale when making any recommendations. This is a lifetime mortgage or home reversion plan. To understand the features and risks, ask for a personalised illustration.
We offer advice on a reduced fee basis of £650 and in addition we will receive a commission from the lender, alternatively we offer a pure fee option of £1,500 and we will refund the whole of the lender’s commission back to you the client. The precise amount of commission will depend on your circumstances, but we estimate that it will be between 2-3% of the loan amount, the exact amount will be confirmed in your personal key features illustration. Due to the specialised nature of Lifetime Mortgages it is important to check that a mortgage will meet your needs if you want to move or sell your home, or you want your family to inherit it. If you are in any doubt, seek independent advice.
Please contact our Mortgage Business Manager, Keith Falconer for an appointment or further information.
Your home may be repossessed if you do not keep up repayments on your mortgage. The Financial Conduct Authority does not regulate some forms of Buy to Let. Lenders provide a range of products to "Intermediary" Firms. Certain lenders may offer products directly to the public, rather than via an Intermediary Firm, with more favourable terms. Accordingly our recommendation to you will be based on the most suitable mortgage product incorporated within the range available to Intermediary Firms