First Time Buyer
First Time Buyers are the lifeblood of the owner occupation and mortgage market. From a single First Time Buyer purchase, numerous onward transactions will result – it is vital that they get suitable advice. Lenders also understand the need for a healthy flow of First Time Buyers in the market – this is reflected by many lenders making available highly competitive deals to cater purely for the would be first time homeowners.
It is vital that Homemovers enjoy a smooth transition between properties. Lenders are keen to offer existing borrowers competitive deals to retain their business. In addition to this many borrowers need to port their existing deals from one property to another – this is an area in which we specialise in and in many cases are unaware that they can move their current deal to a new property.
Borrowers, for many reasons, may have the need to change lender. Here are a few examples:
– Capital raising for Home Improvements
– Switching lender to obtain a more competitive rate
– Release capital to buy a Buy To Let/2nd home
– Transfer of Equity
Think carefully before securing other debts against your property. Your property may be repossessed if you do not keep up repayments on your mortgage.
Buy to Let
This is a challenging part of the mortgage market – lenders however, rely on brokers to introduce this type of business and this is a segment of the market we have great experience.
Tenant demand has increased significantly over the last 5 years, therefore it is vital that new and existing Landlords are able to secure some of the competitive rates in the market.
It is important to seek advice regarding tax efficiency when investing in Buy To Let properties. Some Buy to Let mortgages are not regulated by the Financial Conduct Authority.
There are other mortgage options available which may be more suitable for your needs, we will make you aware of this following on from the initial consultation.