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Mortgage Broker UK
24, Northumberland Street, Westminster, London, WC2N 5DB
Mortgage brokers specialising in mortgages and loans for purchasing domestic real estate.
Our mortgages are one of the most competitive in the UK and we can also organise loans for property overseas too. We are based in the UK we know our market better than our competitors, we have a large client base with the majority being first time buyers.
Who has the ‘right to buy’ in the UK ?
Since the 1980's, the Government has given council tenants the right to buy their council property.
The scheme applies if you have been a council tenant for two or more years and have been a secure tenant of:
A district council
A London Borough Council
A Housing Action Trust, or
A non-charitable housing association or other registered social landlord
Mortgages for expatriates who wish to buy back in the UK
If you wish to buy a house in the UK and use it as your primary residence, some lenders will consider advancing up to 95% of the purchase price. Lending criteria and mortgage terms vary tremendously and different lenders will use their own policy to determine a maximum loan figure.
Both UK and offshore banking institutions will consider applications from British expatriates looking to purchase property in the UK. Lenders use income multiples, affordability and employment status before offering mortgage terms - some lenders have strict lending policies whereas others are more flexible when considering each mortgage application.
What are the differences between mortgages being offered ?
Endowments, repayment mortgages and other types involve different risks and different monthly payments.
Is the mortgage 'fixed rate' (staying the same for a number of months) or 'variable' (changing monthly with interest rates)? If it's fixed, what happens after the fixed rate period finishes ?
Is the mortgage 'capped' so it can't rise above a certain interest rate? How much will monthly payments rise if there is an increase in interest rates ?
How much of a deposit will I require ?
Are there financial incentives like cash-back or free valuation as part of the package ?
What is the lender's arrangement fee ?
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