Mortgage Broker in Southminster

To start your property hunt in Southminster, you’ll need:

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

When you’re set to submit your initial mortgage application, you’ll require:

• Identification, like a passport or driving licence.
• A fresh document confirming your residential address.
• Proof of your earnings for the preceding three months.
• Bank statements for the past three months.
• Proof of your deposit, such as your savings account statements.
• A credit report could also be advantageous.

You’ll be joining forces with:

• A mortgage broker in Southminster, who operates independently and isn’t tied to any bank or estate agency.
• An estate agent, to whom you’ll need to provide your ID and mortgage agreement.
• A conveyancer or solicitor, whom we can help you in locating.
• A surveyor, if needed (we can also offer support in this regard).

Our committed mortgage team will accompany you at every stage of the process. You’ll be assigned a personal case manager to address any queries you might have.

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

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

The porting procedure usually requires you to meet the requirements laid down by your existing mortgage lender, hence a new application is still necessary.

If you don’t possess a fixed rate, it could be beneficial to survey the market for possible savings.

There’s no set upper limit for buy to let mortgages; some customers might have hundreds, whilst others might only have several.

Irrespective of 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 laid down by your mortgage provider.

The quantity you opt to have is largely governed by your tolerance for risk and your future goals.

These could encompass creating a pension income, replacing salary earnings, capitalising on property value growth, or building an asset for the benefit of coming generations in Southminster.

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

If you have a fixed rate mortgage, it’s advisable to think about remortgaging approximately 6 months before your existing contract ends.

However, if you need to remortgage whilst within a fixed rate deal, it’s feasible, but be mindful of possible early repayment charges.

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

Contrary to what many homeowners and potential property buyers may think, there’s a broad range of mortgage options available for those aged 50 and above.

As an independent mortgage broker in Southminster, we specialise in providing mortgage advice specifically designed for those looking for later life mortgages. Here are the main areas we can assist 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 into the categories listed above, please don’t hesitate to contact us. We’re here to provide help in any way possible.