Mortgage Broker in Walton-on-the-Naze

To begin your property search, you will require:

• A minimum deposit of 5%, which can be sourced from savings, equity, or a gift from a family member.
• An agreement in principle for a mortgage from a mortgage advisor based in Walton-on-the-Naze.

When applying for your first mortgage, you will need to provide:

• Identification such as a passport or driver’s licence.
• A recent document proving your current address.
• Proof of earnings for the past 3 months.
• Bank statements from the last 3 months.
• Evidence of your deposit, for instance, statements from your savings account.
• You might also need to consider obtaining a credit report.

You will be liaising with:

• A mortgage broker in Walton-on-the-Naze, who is independent and not affiliated with any bank or estate agency.
• An estate agent (you will need to provide them with your ID and mortgage agreement).
• A conveyancer/solicitor (we can help you in finding one).
• If necessary, a surveyor (we are also able to help with this).

Our dedicated mortgage team will be with you every step of the way. You will be assigned a personal case manager to answer any queries you may have.

If you currently have a fixed-rate mortgage, the majority of lenders will permit you to shift it to a new property.

Our group of mortgage advisors in Walton-on-the-Naze is at your disposal to help you in this process, guiding you through different alternatives and clarifying any expenses associated with extra borrowing.

Transferring, or ‘porting’ your mortgage typically necessitates that you satisfy the current lender’s requirements, meaning an application is still required.

If your mortgage isn’t fixed rate, it may be worthwhile to scan the market for potential financial benefits.

Buy to let mortgages don’t have a fixed maximum limit; some clients may own hundreds, while others have merely a few.

Regardless of whether you purchase properties individually, jointly, or via a limited company, the quantity of mortgages you can obtain is typically unrestricted, as long as you can satisfy your lender’s requirements.

Your risk appetite and future objectives, such as retirement earnings, job replacement, capitalising on property growth, or creating an asset for upcoming generations, will dictate the number of mortgages you can manage.

You are at liberty to remortgage whenever you wish, provided you are not locked into a fixed rate agreement or if your property is already free from a mortgage.

If you currently have a fixed rate mortgage, it would be ideal to contemplate remortgaging approximately 6 months prior to the end of your existing agreement. However, it’s worth noting that if you need to remortgage within a fixed rate agreement, it’s possible but you may be subject to early repayment fees.

In such situations, our team of mortgage advisors in Walton-on-the-Naze can investigate other options such as a second charge mortgage (secured loan) or an additional advance from your current lender in order to identify the most financially beneficial solution for you.

While some homeowners and potential home buyers may feel their options are limited, a wealth of mortgage solutions exist for individuals over 50.

As an independent mortgage broker in Walton-on-the-Naze, we specialise in advising on mortgages for those in their later years. Here’s how we can help:

• Remortgaging options for customers over 50
• Property purchase help for customers over 50
• Equity release strategies for customers over 50
• Support with poor credit and debt consolidation for customers over 50

Should you require assistance with a situation not mentioned above, please don’t hesitate to contact us. We’re here to explore how we can support you.