Whether you are looking to buy a new home or remortgage your existing property we can provide advice to ensure you get the most appropriate mortgage. The mortgage market has changed dramatically in recent months and is very fast moving. Products change at short notice and all lenders have revised their criteria in terms of who they will lend to and how much they will lend.
Dedicated Mortgage Solutions has access to up to date mortgage information from across the market and we understand how quickly things can change. We would be delighted to talk to you and give you general advice about the house buying or remortgage process and help you find the correct product tailored to your needs and circumstances.
When buying a new home or remortgaging it is important you understand all the costs and fees involved. There can be many different fees and costs and lenders may call these different things or charge them at different times, so ensure you understand them all and are comparing like with like. There may also be other costs to consider at this time which are part of the house buying or mortgage process. Fees and costs may include; booking fees, product fees, valuation fees, legal fees, higher lending charges, stamp duty etc. We can talk you through these to ensure you understand them fully and get the most appropriate product for you.
There are many different types of mortgages available (fixed rate, tracker rates, discounted rates etc) and we use our expertise and experience to help you understand them.
Offset Mortgages
Offset Mortgages have increased in popularity over the last few years. The basic principle is that you link your mortgage with your savings and/or current account and therefore only get charged interest on the “net balance”. For Example if you have a mortgage of £100,000 and savings of £10,000, you can link them together and only get charged interest on £90,000. You would not receive any interest on your savings of £10,000 but you can make substantial savings on mortgage interest and potentially repay your mortgage quicker. There may also be tax advantages in doing this as you will no longer pay tax on the interest on your savings. There are many different variations of “Offset Mortgages” which vary from lender to lender. Dedicated Mortgage Solutions have years of experience in this market and can guide you through the different types.
Buy to Let Mortgages
The Buy to Let mortgage market has changed dramatically recently. There are now less lenders offering products and those that are have revised their criteria quite significantly.
Products are now mainly based on the rental income generated by the property although lenders will, to a varying degree, look at your own personal circumstances as well.
The Buy to Let market continues to change on a regular basis and Dedicated Mortgage Solutions have access to up to the minute information from across the market. We would be happy to provide advice in this area and use our expertise to help you should you be looking to buy or remortgage an investment property.
For more information on any type of mortgage please give us a call on 0845 6025541 or complete our online enquiry form.