Before you begin exploring property options, you’ll require:

• A 5% deposit, which could be from your savings, equity, or a generous gift from a family member.
• An agreement in principle for a mortgage, obtained from a mortgage advisor in Finchingfield.

For your initial mortgage application, you must have:

• Identification documents like a passport or driving licence.
• A recent document proving your current address.
• Proof of your earnings for the past three months.
• Bank statements covering the last three months.
• Evidence of your deposit, such as statements from your savings account.
• You might also need to think about getting a credit report.

You will be cooperating with:

• A mortgage broker in Finchingfield, who isn’t affiliated with a specific bank or estate agency.
• An estate agent, who will need your ID and mortgage agreement.
• A conveyancer or solicitor; we can assist you in finding one.
• A surveyor if necessary; we’re here to help with this too.

Our dedicated team of mortgage professionals is ready to help you every step of the way. You’ll be assigned a personal case manager who can answer any queries you may have.

If you’re currently locked into a fixed-rate agreement, the majority of mortgage providers are usually open to shifting this to a new property. Our mortgage advisors in Finchingfield are here to guide you through this process, presenting you with various alternatives and helping you comprehend any charges linked to extra borrowing.

The process of transferring, or ‘porting’, a mortgage typically necessitates meeting the criteria set by your current mortgage lender, thus, a fresh application is still required. If your mortgage isn’t on a fixed rate, it might be worth your while to scour the market for potential savings.

Buy to let mortgages do not have a fixed cap; we have clients who possess just a handful, while others hold hundreds. It doesn’t matter if you acquire properties individually, in partnership, or via a limited company, the quantity of mortgages you can obtain is typically unrestricted, as long as you fulfil your lender’s requirements.

Ultimately, it depends on your willingness to handle risk and your long-term objectives. This could involve supplementing your pension income, substituting a job, leveraging property growth, or assembling an asset for forthcoming generations in Finchingfield.

If you’re not bound by a fixed rate agreement or your property is fully paid off, you have the liberty to remortgage whenever you wish.

If you’re on a fixed rate mortgage, it’s generally recommended to start thinking about remortgaging approximately 6 months before the end of your current deal. However, it’s worth noting that if you need to remortgage whilst still in a fixed rate agreement, it’s possible, but there may be charges for early repayment.

In such situations, our team of mortgage advisors in Finchingfield can help in exploring other options like a second charge mortgage (also known as a secured loan) or an additional advance from your current mortgage provider. This is to ensure we find the most financially viable solution tailored for your needs.

Contrary to the belief of many homeowners and property buyers, there are a wide variety of mortgage options available specifically for individuals aged 50 and above.

As an independent mortgage broker in Finchingfield, we specialise in offering advice on later life mortgages. Here are the primary services we offer:

• Remortgage options for customers aged 50 and above
• Guidance on property purchases for customers aged 50 and above
• Assistance with capital release for customers aged 50 and above
• Help with bad credit management and debt consolidation for customers aged 50 and above

If there’s a situation you need help with that isn’t covered in the list above, please don’t hesitate to reach out to us and we’ll endeavour to help you in any way we can.