As a first-time buyer, the first questions on your mind are usually, “how much can I borrow and how much deposit do I need?” This is then closely followed by “how much will it cost me each month?” If you’re currently living at home then this might be quite a bit different to what you’re used to, but if you’re renting then the overall cost might not be very much different to what you’re currently paying and sometimes less. Our initial discussion, where we will go through your situation will enable us to provide all of these answers. As whole of market advisers, we have access to a wide range of products and we save you the task of contacting each and every lender to see if what deals they have available are suitable for you. We will also guide you through the entire process until the day you get the keys to your first home.
Good deals don’t last forever and as a property owner, you’ll want to make sure that when your existing mortgage product expires, you can move onto another attractive deal that suits your needs. At the appropriate time, we will look at the options open to you and advise on the right course of action. This might mean staying with your existing lender on a new product or maybe remortgaging to a new lender. As whole of market advisers, we have access to a wide range of products, many of which are not available to the general public, and it is role to find you the most suitable product based on your requirements, with a view to trying to save you money where possible.
If you’re thinking of moving to a larger home or potentially downsizing, you’ll need to consider your mortgage options, especially if you already have a mortgage. There may be penalties involved that might have a bearing on your decision. We can look at the options for moving over your existing mortgage product as well as switching to a potential new lender.
Buy To Let
A property that you intend to buy with a view to renting it out requires a different type of mortgage - a buy to let mortgage. The main differences, compared to residential mortgages, are that you will need to put down a larger deposit and the amount of borrowing is determined by the level of rental income achievable rather than personal income. The interest rates are usually higher as well, though there is the option of buying the property through a Limited Company and benefiting from the tax advantages offered by this route; your accountant can confirm if this option is more appropriate for you.
Contact us now for a fee-free consultation to see how we can help
Our initial discussion only takes about 30 minutes. We have offices in Oxfordshire, London and Isle of Wight but conduct the majority of our business by phone and email.
Mortgages To Go Ltd is an Appointed Representative of The Right Mortgage Limited which is authorised and regulated by the Financial Conduct Authority, details of which can be found under FCN:784201
Your home may be repossessed if you do not keep up repayments on your mortgage. The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK. Some forms of Buy to Let Mortgages and Conveyancing are not regulated by the Financial Conduct Authority.
A fee up to £987 is payable upon application for our service in relation to mortgage contracts. This will depend on the type of case it is and how much work is involved. The actual fee will be disclosed on our fee agreement. This fee will be payable on application.
Personal information will be treated as confidential by us and held in accordance with the Data Protection Act 2018. You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone.
Mortgages To Go is a Limited Company registered in England and Wales, registration number: 10764280; registered office: 19-21 Chapel Street, Marlow, United Kingdom, SL7 3HN.