We provide tailored mortgage advice across a variety of scenarios, including main residential mortgages, buy-to-let (including HMOs), limited company buy-to-let, second homes, further advances/second charges, self-build stage payments, bridging loans, and commercial properties.
We also specialise in equity release, offering guidance on lifetime mortgages to help you remain in your home while accessing the funds you need. Always request a personal illustration to ensure you fully understand your options and seek independent legal advice to stay informed.
Our advice may carry a fee, typically 0.3% of the amount borrowed but up to 1%, depending on circumstances. Generally, higher risk to the lender translates into increased interest rates and set-up fees.
Higher perceived risk can lead to more restrictive loan terms, additional requirements, or borrowing limits that could impact your options.
We also offer assistance for the self-employed and shareholders of limited companies. Many lenders will consider net profits plus salary to determine affordability if the business has been established for a reasonable time.
Your financial history, including missed payments, will also impact available rates. However, some lenders are open to considering past issues like bankruptcies or repossessions, with interest rates reflecting the risk level.
Bridging loans are short-term financing solutions designed to “bridge the gap” between the purchase of a new property and the sale of an existing one or to cover immediate funding needs when other long-term financing isn’t feasible or quick enough. They’re well-suited to scenarios such as purchasing property at auction, where swift funding is often necessary, or providing capital for renovating or refurbishing a property before it can be refinanced or sold.
These loans can support homeowners who need to buy a new property before selling their current one, as well as investors securing commercial or buy-to-let properties that may require work to make them mortgageable. Bridging loans are also beneficial for self-build projects, providing funding for various stages of construction until long-term finance is available, and they can help prevent delays in property chains by ensuring smooth progress when a sale or purchase is at risk.
Interest on bridging loans is typically rolled up, with associated fees for valuations, solicitor services, and arrangement costs. For property owners, it may be possible to consider a further advance with the existing lender or a second charge through an alternative lender, allowing retention of a low-interest first-charge mortgage or avoidance of early repayment fees.
As every project is unique, it’s essential to discuss individual requirements and options with a financial adviser to determine the most suitable approach. Given their short-term nature and higher cost, bridging loans are typically used with a clear exit strategy, such as selling a property, securing long-term finance, or releasing other assets.
For equity release, we recommend asking for a detailed illustration to fully understand how these products work. Lifetime mortgages can offer a way to access funds while remaining in your home, but it is crucial to be aware of the features and risks involved to ensure you are well-prepared for any potential outcomes.
Most residential lenders offer attractive initial incentives, including free valuations, low set-up fees, and discounted or fixed interest rates for a fixed term (usually two, three, or five years). Typically, the larger the deposit you can provide, the lower the interest rate and the more manageable the monthly payments.
Get in touch today for a personalised approach to your mortgage needs.
Your home is at risk if you do not keep up with repayments on a loan secured against it. Always ensure you understand your options and secure pre-approval before incurring fees to save time, money, and hassle.
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