Mortgage Broker in Shelley

Starting your property hunt in Shelley will require a few things:

• A 5% deposit, which can be sourced from your savings, equity, or a gift from a family member.
• A mortgage agreement in principle, which you can get from a mortgage advisor in Shelley.

When you’re prepared to submit your first mortgage application, you’ll need:

• Identification such as a passport or driving licence.
• A recent document that verifies your address.
• Proof of your income for the last three months.
• Bank statements for the previous three months.
• Evidence of your deposit, like savings account statements.
• A credit report could also be helpful.

You’ll be working with:

• A mortgage broker in Shelley.
• An estate agent (you’ll need to give them your ID and mortgage agreement).
• A conveyancer or solicitor (we can help you in locating one).
• A surveyor, if needed (we can also provide assistance in this regard).

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

If you’re presently on a fixed-rate mortgage, most mortgage lenders allow you to transfer this to a new home.

Our team of mortgage advisors in Shelley are readily available to help you throughout this procedure, guiding you through your choices and helping you understand any costs related to additional borrowing.

The porting process usually requires you to meet the conditions stipulated by your existing mortgage provider, so a new application is still necessary.

If you’re not on a fixed rate, it could be beneficial to investigate the market for potential savings.

The limit for buy-to-let mortgages isn’t set in stone; some customers may have hundreds, while others might only have a handful.

Whether you acquire properties on your own, in partnership, or through a limited company, the number of mortgages you can hold is generally unlimited, provided you meet the criteria established by your mortgage provider.

The quantity you decide to take on is largely influenced by your risk tolerance and your long-term goals.

These might encompass creating a pension income, replacing employment earnings, capitalising on property value growth, or building up an asset for future generations.

You are free to consider remortgaging at any time, as long as you’re not tied into a fixed rate contract or if your property isn’t currently mortgaged.

If you’re in a fixed rate mortgage, it’s advisable to start thinking about remortgaging approximately 6 months before your existing contract concludes.

However, if you need to remortgage during a fixed rate agreement, it’s feasible, but bear in mind that there may be early repayment charges.

In these situations, our expert team of mortgage advisors in Shelley can explore alternative options such as a second charge mortgage (secured loan) or an extra advance from your current lender to identify the most cost-effective solution for you.

Contrary to popular opinion among homeowners and prospective property buyers, there is a broad range of mortgage possibilities available for people aged 50 and over.

As a mortgage broker, we specialise in providing mortgage advice in Shelley, specifically designed for those interested in later life mortgages.

Here are the main areas we can help you with:

• Remortgaging for clients aged 50 and over.
• Property purchase for clients aged 50 and over.
• Capital release for clients aged 50 and over.
• Support with poor credit and debt consolidation for clients aged 50 and over.

If your circumstances don’t fit within the above categories, don’t hesitate to get in touch with us. We’re here to help in any way possible.