- How much can I borrow?
The amount you can borrow will be based on an assessment your individual circumstances. Most lenders will look at your levels of income, amount of outstanding debt and your payment history when calculating the amount they are willing to lend .
- What fees are involved?
As with any residential mortgage transaction there are a number of fees that you will need to budget for. An up front valuation fee will be required, the cost will vary varying according to the estimated value of the property and it's its location.
Some lenders will require arrangement and rate reservation fees, either to be paid up front or in some circumstances be added to the mortgage advance.
You will also need to consider solicitor's costs, buildings insurance, stamp duty fees and any service charges that will apply if the property is a flat.
- How long does a mortgage take?
This can vary depending on the lender, who you are buying off or it could be a simple remortgage, we have had clients mortgages go through in as little as 7 days up to clients buying new build properties which may not be built for 12 months.
- Can you do insurance?
Yes we can advice on property insurance such as buildings and contents right though to insurance to protect your income, life insurance or even private medical healthcare.
- Do we have to see you at your office?
No, we can organise things over the phone, via email or we can come and see you at work or home at a time to suit you. All the information we need is on laptop so we are totally flexible, we have clients up in Scotland and as far south as Bournemouth.
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