Buying a property
Whether it’s a first home, moving up the ladder or an investment property - raising finance for a purchase is a big decision. Our service provides reassurance, bespoke advice and support along the process - using providers across the whole market.
First time buyers
Buying your first home can be both an exciting and nerve-racking experience. The exciting bit is having your own front door and space to call your own; the nerve-racking part can be finding somewhere you can afford, saving enough for the deposit and getting a mortgage product that’s right for your budget.
Before you start looking for a property to buy, it makes sense to take advice. We can help you work out how much you’re likely to be able to borrow and give you useful hints and tips that will help you prepare for the mortgage application process. We know what’s happening in the market, so we can help you make your mortgage application to the most appropriate lender when the time is right. We can also provide you with a Decision In Principle, which will mean you can provide more certainly to agents on your ability to afford a property – which gives you a better chance of being selected by the seller.
Upsizing
Sometimes your first property can begin to feel a little tight for space, especially if you have a small family, which means many people get to the stage of wanted to upsize their property. You may have built up equity in your current property, and may be earning more than you did when you first got your mortgage – therefore getting an updated assessment of your borrowing potential can help inform that next housing decision.
Equity release
In later life your home can be your largest asset. If required, you can raise finance against your home to provide a lump sum of capital to assist with spending, home improvements or other costs. You can then pay the interest on this mortgage over time, with the capital being repaid in full when you sell the property or pass away. There are lots of considerations when applying for a mortgage; which lender to use, whether to opt for a Fixed Rate or a Variable rate, the term and any associated Early Payment Penalties. We pride ourselves on being able to fully capture your objectives, and provide advice to ensure your mortgage reflects these plans in the most cost effective way.
But-to-let and Investment properties
Strong property price growth and buoyant rental markets mean residential property can be a good investment. Owning multiple properties enables you to structure your investments in more tax-efficient vehicles, for example within a company. Also, you can begin to bring the properties together to enable you to borrow money to expand in the most cost-effective way. However, Buy to Let mortgages are more complex and require more information to be provided to the lenders, therefore advise on the matter can be valuable.
