What kind of mortgage best suits me?
With all the different types of mortgages that are out there and with such a fast-changing market it can often be daunting to try and find the best solution. It is important to carefully consider your own position and personal circumstances before looking for a mortgage. At Mortgage Advisory Service we are here to help you navigate through all the complication, to find the right mortgage solution for you. Take a look at our information pages, get a quick quote or call one of our specialist advisors to find out the best route to take.
First time buyers
Buying a house is, for most people, the single biggest financial commitment you will ever make. In simple terms, the mortgage size that you can borrow from a lender is directly related to the property’s value, your income - or yours and your partners income combined - and what you can comfortably afford to spend on a monthly basis. This can vary between lenders, based on their own offers and your personal circumstances.
As well as your monthly repayments and deposit, you will also initially have to budget for other related costs. These include home survey, valuation, solicitors fees, arrangement fee and stamp duty in some areas.
Despite the apparent confusion of it all, there are thousands of mortgages available and one to suit most circumstances. Here at Mortgage Advisory Service we can lead you through the many options and available rates from the leading providers and help you get the right deal.
Check out our mortgage calculators for an indication of the loan amount you are likely to be eligible for.
Give Mortgage Advisory Service a call today for a no obligation quote
featuring the best first time buyer mortgages available from the leading
providers, or click here for a quick online quote.
Buy to let
Buying a property for rental purposes can be a shrewd investment and a long-term income generator, as long as certain factors are in your favour.
Research of your prospective clients is absolutely essential to make a success of buying-to-let. Different types of tenant have different demands – young professionals will want a different property to a family for instance. The location of the property is a key factor in deciding who your most likely tenants will be – a house central to a University campus will of course have great rental potential for students, but not perhaps a young family.
Whatever type of tenant ends up living in your buy-to-let property your responsibilities will remain largely the same, namely, keeping the house in an overall good state of repair, which will involve its own set of costs.
Mortgage Advisory Service can offer the very best deals on buy-to-let mortgages, from the leading providers. Call us today on 0800 195 4848 for more information.
Adverse credit?
Several factors can traditionally contribute to problems in securing a mortgage. These can be - poor credit history or low credit ‘score’, a history of payment arrears, defaults, CCJs, previous mortgage arrears and even bankruptcy.
If you have experienced any of the above, or even if you have been turned down previously for a mortgage, Mortgage Advisory Service can still assist you in finding the best available deal. All of the full range of mortgages available to others are still available to you.
Call Mortgage Advisory Service now on 0800 195 4848 for more information.
