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Getting professional whole of market advice is by far the best way 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!

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We’ll search the whole of market to ensure the most suitable mortgage deal for you

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We’ll liaise with your lender, solicitor, and surveyor, so you don’t have to

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Last, but not least, we’ll even take care of all the paperwork.

First Time Buyers & Home Movers

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 and current mortgage interest rates are currently at an all-time low.

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

When your mortgage product expires, you would automatically go onto the lender’s standard variable rate (SVR) which would lead to a larger monthly interest payment considerably increasing your monthly mortgage payments.

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 may be considering purchasing a second property to generate a second income, you maybe be considering re-mortgaging your current residential property to raise capital to purchase that second property but being a private landlord can be risky and complicated. It can also be very time consuming, more than most forms of can be risky and complicated. There is no guarantee that house prices will rise but in saying that having a second property which you can let to tenants could reap considerable financial rewards over time.

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.