Home Mover Mortgages Greewich, Greater London & Counties
Home Mover Mortgages
Buying and Selling property involve many professionals doing many different jobs to coordinate your purchase and sale and to accommodate many others in one transaction all on one day.
Let us help to ease the pressure. Good advice and a practical approach is required because with many different stakeholders it is best not to risk making any costly errors. Chains are unpredictable and time consuming and what are the risks involved? Getting gazumped is also a possibility and what is the best way to avoid this scenario?
At Exclusive Financial we simplify the process for you and work out a stepped communication model to ensure you are always aware of timeframes, risks and any red flags. Let us know if you need any initial advice. We are here to help.
Without taking professional advice, you could end up spending far more money and time than necessary and dealing with frustrating, stressful situations that could be avoided.
Why it pays to take professional and independent advice.
The vibrant and competitive mortgage market here in the UK has resulted in a head-spinning choice of mortgage options. These include a choice of the types of interest rates available such as; standard variable, trackers, short and longer fixed term interest arrangements, capped and collared, and many, many variations in between. Unless you have the time and knowledge to first research and then understand the intricacies of the mortgage market, you could easily end up making the wrong choice.
My experience, knowledge and niche lending solutions is what separate me from the pack.
I deliver advice that’s entirely focused on your individual circumstances rather than a ‘one sized fits all approach. This ensures you get the most suitable mortgage advice and most importantly competitively priced.
Exclusive Financial has the experience and knowledge of the mortgage and property market place. I’ve have been on hand to help many clients satisfactorily turn their home ownership and other financial aspirations into a real world reality.
Your mortgage does not have to be a frustrating or stressful experience.
When you ask me to arrange your mortgage for you, I’ll work closely with your lenders, legal representatives, your insurers, and valuers’ to ensure that ‘application’ to moving into your new home is as smooth as possible.
The Exclusive Financial Difference.
I know the importance that preparing and presenting your mortgage case correctly can play in getting approval of your application. So I’ll guide you through the entire process of getting all the right documents together ahead of submitting your application. I know this will reduce both the risk and time wasting frustration of being turned down by a lender. This extra value service which is included for all of my clients is particularly helpful to first time buyers.
Exclusive Financial deal with all types of mortgages and understanding your needs, preferences and requirements are of paramount importance to us
As truly independent mortgage brokers I have access to ‘whole of market’ providers and insurers. This means I can place both conventional mortgage cases and also less conventional mortgages such as self build mortgages, self employed mortgages, retirement interest only mortgages and many more niche requirements, such as poor credit history and adverse credit mortgages.
Buying and selling property requires many professionals doing many different jobs. Let us help to ease the pressure through good old fashioned service.
First Time Buyer Mortgages
What are first time buyer mortgages?
Help for first time buyers.
Buying your first home is always an exciting and nerve-racking experience.
Your first step on the property ladder is now accessible due to government schemes such as Help to Buy which offers a top up deposit of up to 20% to first time buyers of new build properties.
This 20% (equity in the property) is to be repaid in 6 years time but note that 20% could be more at the end of 6 years because it is an equity loan, if equity increases for you it also increases for the government.
There are lenders offering 90%-95% loan to value (LTV). Give us a call and find out what you can borrow.
Also, try our calculator but remember the affordability calculator is an indication and your affordability could be more or less depending on tax and outgoings.
What is a remortgage
Remortgaging is when you take advantage of better interest rates or terms for example: no early repayment fee or lower arrangement fees.
If you would like to look at the latest deals for remortgaging contact us and we will be able to do a detailed search based on your circumstances.
Remortgaging your property can be used to refinance some or all of your other outstanding debts as well although financial advice will be needed by our team to be considered within lending criteria.
Possible higher repayments and the term of the mortgage will be discussed under debt consolidation rules.
Contact us and we will help you.
Buy To Let Mortgages
What has Section 24 done?
Buying to let.
Buying a property to let is not as simple as it once was and new tax relief laws and stamp duty requirements have created a tougher environment.
That said there are still good deals to be made although there are some changes in the way the property and mortgage and ownership are registered.
Section 24 has taken away the availability for offsetting mortgage interest as an expense. What this means is that for you to still have the ability to do this you will need to set up a company at the outset and then you can claim the interest as usual.
Ok, it is a little technical and a bit more paperwork but after all it is a business and maybe it should run like one.
What are the facts?
These are some facts:
1 in 2 people will get Cancer, Over 1.6 million men and over 1 million women are living with Coronary Heart Disease and 2 million men and 900,000 women are living with chronic angina and these are just random numbers from a few common illnesses.
There are many others that will affect everyone eventually.
We look to recommend and advise on many types of cover to suit your stage in life and to provide peace of mind.
Normally it is affordable and works as a package with home, contents, mortgage and so on. Well worth exploring the options.
Granted this is not always an easy conversation. Protection and Insurance brings up topics people try to avoid as the reality of our mortality and loss of loved ones is part of the discussion.
Insurance is not there to hurt anyone. Rather it is there to protect you and your loved ones from financial stress whilst you try and put the pieces of your lives back together.
Bad credit mortgages
What are my chances of getting a mortgage?
Bad or adverse credit mortgages.
Yes, it’s possible to get a mortgage with bad credit, although you’ll probably pay higher interest rates and you may need to come up with a larger deposit.
However, if you have had any bad credit in the last 12 to 24 months, such as late or missed payments on any Secured or Unsecured borrowing, Credit cards, Loans etc you may not be eligible for a mortgage just now.
We are always pleased to see if we can help so check with us first.
Types of Mortgages
What are the different mortgages available?
There are literally thousands of mortgage products available.
Here are some of the types of mortgage products typically used.
Variable rate – this is a mortgage with a variable interest rate which can move up or down at the lenders discretion.
Fixed rate – a fixed rate mortgage is fixed for a set term and cannot go up or down during that term. There is usually an early repayment charge if you decide to repay the mortgage early.
Capped rate – this mortgage can go down but has a capped interest rate stopping it going above this rate.
Tracker mortgage – this mortgage tracks the Bank of England base rate and goes up and down accordingly.
Offset mortgage – this mortgage offsets savings against their mortgage. It calculates the difference between the mortgage and savings to lower the overall interest charged.