First Time Buyer Mortgages
We understand that some first time buyers need a little extra help. After all, if it’s your first time buying a property you’re likely to have a few more questions. Please ask away! Our mortgage advisers are here to answer any questions you might have and are on hand to help every step of the way.
If you, and anyone else you’re buying with, are first-time buyers purchasing a property for £300,000 or less you won’t pay any stamp duty. If the property you are buying costs more than £300,000, but less than £500,000, you will pay 5% stamp duty on the portion from £300,001 to £500,000.
We can help you understand how much you can afford to borrow, how much deposit you need and the maximum property value that you can afford to purchase. With our advice, you’ll have everything you need to begin house hunting and make an offer on your dream home.
Whether you are remortgaging on a buy-to-let or a residential mortgage, we always endeavour to find you a better deal than what you are currently on.
Where possible, we save our customers hundreds or even thousands of pounds on their mortgage repayments by scouring the market and comparing deals from multiple lenders.
What’s more, if you’re looking to raise capital through a remortgage or to consolidate debts, we can help with that too!
Buy to Let
If you’re looking to invest in a buy-to-let property we can help you to secure a competitive rate on an interest-only buy-to-let mortgage or a repayment mortgage, depending on your preferences and your circumstances.
Buy-to-let mortgages are subject to more restrictive criteria than traditional residential mortgages. For example, you will typically need a deposit of 25%, although some lenders will accept a deposit as little as 15%. What’s more, the rental income achievable must exceed your monthly repayments by at least 125%.
If you’re looking to secure a buy-to-let mortgage but you haven’t got a deposit, we can help you to raise capital through a remortgage of your existing property/ies where appropriate.
Let to Buy
A let-to-buy mortgage allows you to rent out your current home to purchase a new property as your main residence, using the rental income towards your affordability for your new home.
You will typically need a deposit of 10% for your new purchase and the rental income must be at least 125% of your monthly mortgage repayments.
If you haven’t got sufficient deposit monies to hand, we may be able to help you raise the funds through a remortgage on your existing property where appropriate.