Getting professional whole of market advice is one of the best ways of finding the most appropriate deal for your situation
The mortgage market is continually changing with both mortgage products and criteria reflecting the market place at that time. We’ll search the whole of market to ensure the most suitable mortgage deal for you!
What we can offer
This is an area that we specialise in at Mr Mortgage Adviser. If you have never bought a property before and are looking to purchase your first home you would fall into this category.
Preparation is key to make sure that you get the very most suitable deal and we work with clients up to 6 months before they look to purchase their property to help them proceed in the best position possible. Deposits on properties can be as low as 5% with or without the use of a government backed scheme. Getting professional whole of market advice is one of the best ways of finding the most appropriate deal for your situation.
At Mr Mortgage Adviser we explain and work with you throughout the whole process explaining all costs involved, different deposits that are required for certain mortgage products and how much you can borrow / lend in your current circumstances. We would then look to get you a mortgage agreement in principle and then when you find a property and get your offer accepted, key the mortgage application with your assistance and then obtain your full mortgage offer.
Re-mortgages
We would contact you around 3 months before the end of your deal so you do not have to worry about this increase and you have time to consider your options available to you. Staying with your current lender is a possible option with you switching to a new deal or re-mortgaging may also mean cheaper monthly payments and lower interest payable depending on your situation.
You may want to raise additional funds to do home improvements or debt consolidation which we can look into in a lot of cases up to 90% loan to value. Securing short term debts against your home could increase the term over which they are paid and therefore increase the overall amount payable. You may have to pay an early repayment charge to your existing lender if you re-mortgage.
We consider your circumstances by looking for a product that has been specifically tailored for you saving you both time and money throughout your new deal making sure that you keep your interest payments as low as possible whilst securing you deals with various benefits including a free legal service, free valuation and cashback.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Re-mortgages
We would contact you around 3 months before the end of your deal so you do not have to worry about this increase and you have time to consider your options available to you. Staying with your current lender is a possible option with you switching to a new deal or re-mortgaging may also mean cheaper monthly payments and lower interest payable depending on your situation.
You may want to raise additional funds to do home improvements or debt consolidation which we can look into in a lot of cases up to 90% loan to value. Securing short term debts against your home could increase the term over which they are paid and therefore increase the overall amount payable. You may have to pay an early repayment charge to your existing lender if you re-mortgage.
We consider your circumstances by looking for a product that has been specifically tailored for you saving you both time and money throughout your new deal making sure that you keep your interest payments as low as possible whilst securing you deals with various benefits including a free legal service, free valuation and cashback.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Buy-to-Let & Let to buy
You will need to decide whether you are looking to generate an income or achieve capital growth from your rental property. This decision may affect the type of property that you purchase, where that property is located and you must take into consideration other factors such as second property stamp duty.
When considering a buy-to-let property, there are many costs involved in addition to the monthly mortgage repayments. Additional costs include property maintenance costs, letting agent’s fees, possible ground rent & service charges, legal insurance & buildings insurance, furnishings, costs of maintaining appliances and general maintenance such as decorating costs. It’s always advisable speaking to and taking advice from a letting agent when considering a buy-to-let property.
ADVERSE CREDIT
An adverse credit mortgage is a type of home loan designed for individuals with less-than-ideal credit histories. Whether you’ve previously faced bankruptcy, defaulted on payments, or accrued significant debt, an adverse credit mortgage could work with your unique circumstances to offer an option to those who may have been previously turned away by traditional lenders.
It’s important to note that while adverse credit mortgages provide opportunities for homeownership, they also come with risks and considerations. Higher interest rates and fees are common with these loans, reflecting the increased risk to lenders. Additionally, borrowers must demonstrate a genuine commitment to improving their financial situation and managing their debts responsibly to avoid further credit issues down the line.
Our team of experienced mortgage advisers specialise in adverse credit situations. We understand the nuances of lending criteria and have in-depth knowledge of the mortgage products available to individuals with less-than-perfect credit histories. With our expert guidance, you can gain a clear understanding of your options and make informed decisions.
Debt Consolidation Mortgages
A debt consolidation mortgage can be a financial lifeline should you be feeling overwhelmed by multiple debts. A mortgage consolidation loan is a financial option that lets you borrow money against the value of your home. With this loan, you can consolidate your existing debts to simplify your finances.
A debt consolidation mortgage can support you to reduce your monthly outgoings, and help you budget effectively, however securing debts against your property puts your home at risk if you were to miss payments and reduces the equity in your property.
Opting for a debt consolidation mortgage requires discipline and a long-term commitment to managing your finances responsibly. If you’re dedicated to adhering to a structured repayment plan over the extended term of a mortgage, then consolidating your debts into one manageable monthly payment can be a good move towards achieving your financial goals.
We can act as your guide through the debt consolidation mortgage process, ensuring you make informed decisions and potentially achieve a more manageable way to resolve your debts.
Some Buy to let Mortgages are not regulated by the Financial Conduct Authority.
Think carefully before securing your debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.