To begin your property search, you will require:

• A deposit of 5% obtained from savings, equity, or a gift from a family member.
• A preliminary mortgage agreement from a mortgage advisor in High Roding.

For your initial mortgage application, you will need:

• Identification such as a passport or driver’s licence.
• A recent document to confirm your address.
• Proof of income for the past 3 months.
• Bank statements from the last 3 months.
• Evidence of your deposit, for instance, statements from your savings account.
• A credit report may also be necessary.

You will be collaborating with:

• A mortgage broker in High Roding (independent from any bank or estate agency).
• An estate agent (you will need to provide them with ID and a mortgage agreement).
• A conveyancer or solicitor (we can help you in finding one).
• A surveyor, if necessary (we can also provide assistance in this regard).

Our dedicated mortgage team will support you throughout the process. You will have a case manager assigned to you to answer any queries you might have.

Should you currently have a fixed-rate agreement, the majority of mortgage providers are usually open to the idea of transferring it to a new property.

Our team of mortgage advisors in High Roding are at your disposal to help you in this process, guiding you through your options and explaining any charges that may arise from extra borrowing.

The process of transferring, often known as porting, typically necessitates you to satisfy the existing mortgage lender’s requirements, meaning an application is still obligatory. If you’re not on a fixed rate, it might be advantageous to investigate the market for potential savings.

There isn’t a fixed cap on buy to let mortgages; some clients hold several hundreds, while others possess merely a few.

Whether you acquire properties individually, in partnership, or via a limited company, the quantity of mortgages you can hold is typically unrestricted, as long as you fulfil your lender’s requirements.

Everything hinges on your risk appetite and prospective strategies, such as retirement earnings, job substitution, leveraging a property’s growth, or creating an asset for forthcoming generations.

You have the liberty to remortgage whenever you wish, provided you’re not locked into a fixed rate agreement or your property is already fully paid off.

If you’re on a fixed rate mortgage, it’s recommended to start thinking about remortgaging roughly 6 months before your existing deal concludes.

However, should you find yourself needing to remortgage during the course of a fixed rate agreement, it’s possible but be aware that early repayment fees might apply.

In such scenarios, our team of mortgage advisors in High Roding can explore other possibilities like a second charge mortgage (also known as a secured loan) or a further advance from your current lender to identify the most economical solution for you.

Contrary to what many homeowners and prospective buyers may think, a wide range of mortgage solutions exist for individuals over the age of 50.

As an independent mortgage broker in High Roding, we specialise in offering mortgage advice tailored to the needs of those seeking later life mortgages. Here’s how we can help:

• Helping over 50s with remortgaging
• Guiding over 50s through property purchases
• Helping over 50s release capital
• Providing support for over 50s with bad credit and needing debt consolidation

If you require assistance with a situation not mentioned above, please don’t hesitate to contact us. We’re here to help in any way we can.