How does the free initial mortgage consultation work?

Your free initial mortgage consultation in Essex will last roughly around one hour. Your mortgage advisor will then recommend a mortgage for you with no obligation for you to proceed and you are then able to decide whether or not you wish to go ahead with the mortgage.

How much deposit do I need for Help to Buy?

When utilising the Help-to-Buy scheme, you will need to have saved at least 5% of the sale price of your new build property in Essex. The Government will then be able to loan you up to 20% to the value of the property.

How much deposit do I need for a right to buy mortgage?

The discount that the council provides will often be used as your deposit by lenders. Depending on the lender though, some will require you to put down a deposit in addition to the discount you are given. This is sometimes the case if you’ve credit struggles in the past. Our experienced and knowledgeable Mortgage advisors in Essex will be able to answer your right to buy deposit questions.

How much deposit do I need for a buy to let?

Buy to Let’s can often vary when it comes to necessary deposit, though it is usually between 20%-40%. Typically, the minimum deposit for a Buy to Let mortgage is around 25% of the property value.

Why should I bother to remortgage?

If you choose to Remortgage and come off your lenders SVR (Standard Variable Rate of Interest), you increase your chance of saving money. A member of our dedicated mortgage advice team will compare the new products available against your current mortgage deal, in order to help work out these savings for you. If you have equity in your property, a remortgage also gives you the opportunity to release some of this money if required. Usually we find that people use this for things like home improvements.

Can I consolidate my debts?

You may be able to Remortgage and increase the size of your mortgage, in order to pay off any potential unsecured debts you may have gathered over time. You must not rush into this though as there can be negatives to this. We recommend that customers always seek Mortgage Advice in Essex before consolidating any of their debts!

How does the free remortgage consultation work?

Your free initial remortgage consultation in Essex will last roughly one hour. A trusted mortgage advisor will then compare a new deal against your existing product and recommend the most ideal one for your circumstances. You have no obligation to proceed, so it’s up to you to decide whether you wish to go ahead with the mortgage, or take a step back.

Are there fees involved in Remortgaging?

The fees will be similar to those you had when you started your current mortgage, though your dedicated Mortgage Advisor in Essex will run through all of the fees with you, so you’re in the loop and know what you’re dealing with. Your mortgage advisor will take these into consideration when comparing the savings of the new deal versus your current mortgage.

How does the mortgage process work?

As your mortgage broker in Essex, we will need to carry out a Fact Find to establish what your needs are, prior to us recommending the most suitable mortgage for you and your circumstances. A credit check will be required for an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, you will be able to receive a formal mortgage offer.

When should I obtain an Agreement in Principle?

To avoid the potential of having an offer rejected, we recommend you obtain an Agreement in Principle before viewing properties in Essex. We recommend that at the very latest, you should obtain one before you look at making an offer, as this can assist your bargaining position.