When do you charge?
Initial discussions are free. Once we have a clear understanding of what you are looking to do we will explain what charges would be applicable for us to source, secure and advise on the most suitable mortgage for you. Our standard fee is £450, which in most cases is due payable once the mortgage offer is issued.
Do you arrange insurance?
Yes, we have many different insurance options to choose from, including life cover, income protection, critical illness cover and home insurance. We also have a dedicated insurance adviser working for us, Dobrin Ivanov.
How much can I borrow?
Your borrowing capacity is unique to your circumstances. Lenders will use a combination of income and your committed expenditure to determine how much you are able to lend. We are experts at understanding your budget, knowing which lenders will lend the most based on your income, outgoings and profession.
What is the difference between a repayment mortgage and an interest only mortgage?
A repayment mortgage is guaranteed to pay off your mortgage by the end of the term as long as all payments have been made.
An interest-only mortgage is where your monthly payments are only covering the cost of the interest and your loan amount will remain the same. At the end of the term, you would either need to sell the property to repay the mortgage or find another source to repay the loan.
Can I move my mortgage to another lender if they are offering a better interest rate?
Yes. You can “remortgage” to another lender to take advantage of their better interest rates. As part of our service we will contact you as you approach the final few months of your existing mortgage deal to provide you with details of the options available to you.
What is a credit score?
This is a score that we all have and is based on how we have conducted our finances over the preceding six years and is used by Financial Services companies to assess our credit worthiness.
How can I improve my credit score?
You can improve your score by proving that you can repay debt and cope with any credit commitment you have, such as loans and credit cards and by paying things like mobile phone bills and utility bills on time. Also, it helps to be on the electoral role.