As a leading UK mortgage and remortgage broker, we can help you to find the right option for you. As a whole of market independent adviser we have exclusive UK mortgage deals from reputable lenders that you will only find with a whole of market independent adviser, and a huge range of mortgage options to suit almost any buyer.
Our award winning mortgage brokers are independent experts who have access to the whole of market UK mortgages, ensuring you are offered the very best solutions for your personal situation.
When you contact us to ask about a mortgage, we will work to help you, no matter what shape or form your mortgage enquiry. Whether you want a first time mortgage, a remortgage, are enquiring about fixed or variable rates or are considering Buy to Let, we will have the answer for you.
Our mortgage service is dedicated to helping you find the very best mortgage there is at the very best price. If there are charges we’ll make them completely transparent. That means you’ll know exactly what you have to pay and when, making it easy to budget.
Any initial consultation with your mortgage broker is completely free of charge and obligation.
And we give you a fee guarantee: you won’t pay any charges if we can’t help you.
Ronan Marrion’s Top 5 Tips For Getting A Mortgage
I am a First Time Buyer
Getting a mortgage is a huge financial commitment but it needn't be difficult with our support through the whole process.
Things that you will want to consider:
- Is a mortgage right for me? Can you really afford it or will you struggle to make each payment? Remember - renting isn't a dirty word. If it's either continuing to save up, or overstretching and having your first home repossessed - it is being realistic about your circumstances;
- Have you got a big enough deposit? The size of your deposit matters. It affects both how much you can borrow, and what interest rate you can borrow at?
- Things that you can do to improve your chances of getting a mortgage. The days when lenders offered mortgages to everyone are long gone. To get the best mortgage deal doesn't just need a decent deposit, you now need a good credit score too. There are steps to help you with this;
- What type of mortgage to choose? Do you know your fixed rate from your variable rate? Or whether you should choose repayment or interest-only?
- Mortgages for the self-employed/contractors. If you're self-employed or a contractor, then getting a mortgage is a little more complicated as you need cast-iron proof of what you earn. That's easy for the employed - they have payslips - but it's much tougher if you work for yourself or don't have a permanent contract. We tell you what a lender will want to see before they offer you a mortgage;
- Don't forget the fees. Make sure when you do the sums, you add the full costs of buying a house and mortgaging. You need to consider mortgage fees, survey fees, lawyers' fees and stamp duty for starters. You can try to minimise them, but they are a fact and cannot be ignored;
Why not check out what mortgage rates are currently available to first-time buyers with the Worldwide Money Savers Guide.
I am Moving House
Getting a mortgage is a huge financial commitment but it needn't be difficult with our support through the whole process.
Things that you will want to consider:
Is a mortgage right for me? Can you really afford it or will you struggle to make each payment? Remember - renting isn't a dirty word. If it's either continuing to save up, or overstretching and having your first home repossessed - it is being realistic about your circumstances;
Have you got a big enough deposit? The size of your deposit matters. It affects both how much you can borrow, and what interest rate you can borrow at?
Things that you can do to improve your chances of getting a mortgage. The days when lenders offered mortgages to everyone are long gone. To get the best mortgage deal doesn't just need a decent deposit, you now need a good credit score too. There are steps to help you with this;
What type of mortgage to choose? Do you know your fixed rate from your variable rate? Or whether you should choose repayment or interest-only?
Mortgages for the self-employed/contractors. If you're self-employed or a contractor, then getting a mortgage is a little more complicated as you need cast-iron proof of what you earn. That's easy for the employed - they have payslips - but it's much tougher if you work for yourself or don't have a permanent contract. We tell you what a lender will want to see before they offer you a mortgage;
Don't forget the fees. Make sure when you do the sums, you add the full costs of buying a house and mortgaging. You need to consider mortgage fees, survey fees, lawyers' fees and stamp duty for starters. You can try to minimise them, but they are a fact and cannot be ignored;
Why not check out what mortgage rates are currently available to first-time buyers with the Worldwide Money Savers Guide.
I am considering Buy to Let
The basics behind it are that you borrow on a property to let it out to tenants. For a buy to let mortgage you will typically need a deposit of 20% although you can borrow this against your own property. The buy to let mortgage lender will be expecting the rent you hope to receive to pay the mortgage, so you’ll need to be sure of that.
Consider a few issues in our Buy to Let Mortgage Questions & Links item below. Contact us today to find out which buy to let mortgage is best for you, complete our enquiry form or call Worldwide Financial Planning on 0800 0112825.
Questions:
- Will I always have a tenant? If the property is empty for two months in the year, this will leave a large hole in your budget.
- Will my tenant be a good one? If a tenant decides not to pay there is a process for getting them out. It’s not quick and it could cost you. It may be a three-month process (two months' notice and one month clean up).
- What if interest rates rise? If they do, they will eat into your profit and you may struggle.
- But I can always sell my home, can’t I? Sure you can, but in a down market this can be tricky and you can lose all your gain as people turn away from the property market.
- But properties always go up don’t they? They do… until they don’t. Like any asset, they have their cycle. If you are trying to sell at the wrong time you won’t get the best price for your property and you may lose.
- Repairs? Repairs can be substantial and should be factored into your profit. A bad tenant can cost money in repairs.
- Tenancy agreements? Make sure they are tight and factor in legal expenses. In short, do a realistic budget and you will be fine.
With so many Buy To Let Mortgages to choose from let us help you through the process from start to finish - ask us to call you back.
