Mortgage advice
Applying for a mortgage can be very time consuming and is often one of the biggest lifetime purchases. With the help of a mortgage specialist you'll have less to worry about as we stay in communication with the lender and you. Scroll down to see how we can help you, or fill in our inquiry form if you have any questions. We can help with the following:
Residential Mortgages
Purchasing your home may be one of the biggest financial decisions of your life, so you want to be sure you’ve purchased the right mortgage for you. There are many options available as to the type of mortgage you can apply for, depending on your circumstances. We will narrow down the selection and recommend the mortgage that meets your needs.
Buy-to-Let
Buying a property to let is a long-term investment which aims to generate the owner an income from rents or capital gain when selling the property. When buying a property to let, it is important to be sure of your primary objective, while aware of the added tax implications you may face. We will inform you of any potential charges before proceeding.
Re-Mortgaging
There are many different reasons people decide to re-mortgage a property; from home improvements to investment purchases. Re-mortgaging can be useful in unexpected circumstances where a lump sum of cash is required, but you may also want to find a better rate than that provided by your current lender when the initial interest rate ceases.
As independent agents we are able to search the whole of the market, beyond the restrictions of high street lenders. We only work for our clients, so you can be sure our recommendations are in your best interests. Below are just some of the companies we have previously worked with. We regularly look for opportunities with new providers and can even approach specialist lenders in tricky cases.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Researching the whole of the market
If you’re thinking about re-mortgaging a residential or buy-to-let property, we can help you explore the market for the most suitable deal.
We are not tied to one particular lender and have access to a whole of market panel when it comes to arranging mortgages and other home and property finance. You can be confident we’ve done all is possible to find you the best deal.
First Time Buyers
There are currently many home purchase schemes available for first-time buyers, to help you get onto the housing ladder. We'll make the process as hassle-free as possible, while providing you with all your available options. The rate charged will depend upon your circumstances and lender, but we can provide you with a personalised illustration to give you a better idea of the rates to expect.
Finding Better Rates
When your initial interest rate comes to an end, it could be worth looking at alternative lenders offering cheaper rates. After assessing your circumstances we can show you projections of what you could potentially save by changing lender. If you think you could be paying a better rate of interest on your mortgage, leave us a note and we'll get back to you as soon as possible.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
The Application Process
While our office is based in Chester we can help with properties throughout the UK. We are not tied to any particular lender, which means that we have the ability to act on your behalf in order to establish the most appropriate mortgage solution for you. There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but we estimate that it will be £350.
Step 1
Introductions - Meet with your mortgage specialist to discuss your goals and circumstances.
Step 2
Research - Your adviser will research the whole of the market, before discussing your options with you.
Step 3
Application - If you're happy, we'll proceed by completing and submitting your application.
Step 4
Completion - We will then guide your application through to offer, communicating to all parties.
Frequently Asked Mortgage Questions
1How much can I borrow?
The amount a lender is willing to offer all depends on your affordability. This is usually where your income and outgoings are taken into consideration, but every lender sets they're own criteria. Buy-to-let properties are slightly different, with lenders wanting to know how much rental income the property will make. We recommend using the Money Advice Service affordability calculator that can be accessed by clicking here.
2Will my mortgage be regulated by the FCA?
While most residential mortgages are regulated, if you are looking to get a Buy to Let mortgage the changes are the mortgage will not be regulated the the Financial Conduct Authority, unless classed as a Consumer Buy to Let. If you have any questions or concerns about your requirements, send us an email: office@hlfinancial.co.uk or call us on 01244 478007.
3Can I get a Buy to Let property?
When you are thinking about taking out a Buy to Let mortgage you will need to add up the costs of buying and running your property. You should also think carefully about taxation, marketing, maintenance and general property management. It is also important that you comply with all the legal requirements of being a landlord.
4What can I use my loan (mortgage) for?
There are a myriad of reasons individuals decide to take out a mortgage, some of them include, but are not limited to:
- To purchase a property you intend to live in or let.
- To raise funds on a property you already own.
- For home improvements or essential repairs.
- Remortgaging your home so you can then let it to tenants.
5How long does it take?
The amount of time it takes for a mortgage to get approved and financed will vary from lender to lender. When shopping around for mortgages, it’s extremely important to have an idea on average how long a mortgage lender is taking to get their loans closed. A top mortgage lender should be able to get a mortgage financed within 30-45 days from application.
