Mortgages

Guiding you through the mortgage mazeThere are many different types of mortgages available on the market. Trying to find the right one to fit your circumstances can therefore be a daunting task, and this can only be made worse when considering the stress if you are moving home too.

The first and most important step is to decide what mortgage requirements are needed:

  • Standard residential – to purchase a new home to live in;
  • Remortgage – to replace your existing mortgage with another, for whatever reason;
  • Buy To Let – to purchase a home to rent out to someone else; and
  • Further Advance – to borrow more money on top of your existing mortgage.

If you are looking for information and advice on equity release, to get money out of your property, click here.

This narrows down the products which can be considered. Thereafter, finances need to be looked at in very close detail, as that determines whether or not a mortgage will be offered, and on what terms.

Mortgage lenders scrutinise every aspect of applicant’s finances. They need to be comfortable lending to people with sufficient income (to ensure monthly payments are affordable), savings and investments (to ensure ‘failsafe’ money is available), and outgoings (to ensure money is not ‘disappearing’ elsewhere).

This therefore makes things more awkward for some people, but it’s not all bad. Some lenders have incentives to make themselves more appealing to potential customers, whilst special ‘deals’ are available for right to buy cases or first time buyers. All in all, it is a maze you can easily get lost in.

Add to this the stress and difficulty of dealing with existing lenders (if remortgaging or undertaking debt consolidation), estate agents and removal firms (if moving), solicitors and surveyors; it can get too much for some people. Help is therefore needed to organise as many aspects as possible.

MAP will guide you through the mortgage maze.

Whether you are looking to purchase your first property or move to a new one, transfer to a new mortgage to reduce your monthly expenditure, or purchase a property for investment, MAP can help. We are adept at searching the entire mortgage market to find the best deals available to you. We can then take care of as much paperwork and deal with as many third parties as you want or need us to.

Thereafter, we will regularly review your mortgage to ensure you are on the best possible monthly rate. We will also be on hand to advise on overpayments, payment holidays and any other changes in circumstances which could affect your mortgage in any way.


For more information, click on the most suitable link:

Standard Residential Mortgages
Remortgages
Buy To Let Mortgages
Further Advances
Mortgage Protection/Buildings & Contents Insurance