All lenders should be lending responsibly. This means that they need to consider whether you can keep up the mortgage repayments now and throughout the term of the mortgage; for example after an initial discount of fixed period ends. They should base this on a number of things like your income, expenditure and other circumstances. It is common practice now for lenders to carry out affordability calculations.

Work out your budget first using this budget calculator this will give you an idea of what money you've got coming in and going out and what you have got to spare.

Use this mortgage calculator to find out what the likely payments are at different rates. Don't be tempted to overstate your income to get a bigger loan - its fraud!




Below you will find use full information relating to mortgages whatever your circumstances.

A mortgage is like any other loan, you borrow money and you pay it back with interest over a period of time (the loan term) that you agree with the lender usually a bank or building society, the only difference is that it is SECURED against a property. Call us if you are interested in finding out more about different types of mortgages. We will compare the market for you and give you advice, or provide you with sufficient information for you to make an informed decision.

This is where you would obtain a mortgage to buy a property to let. This is usually a long term investment, where you would hope to achieve an income from the rent and the capital gain when you sell the property in the future. There is no guarantee that you will make a profit on your investment. Call us if you are interested in finding out more about buying property to let out, or buy to let mortgages.

You would usually be classed as a first time buyer if you have never had a mortgage before, some lenders offer special first time buyer mortgages. The important tip here is, before you start looking for the perfect home, you need to find out how much you can borrow, and what the likely monthly repayments would be. It is advisable to speak to a mortgage broker who can give you this information. Call us if you are interested in finding out more about first time buyer deals available today.
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If you have chosen to sell your property and move, it is important to calculate the equity (if any) that you have in the property, coupled with what you can now borrow for your new mortgage, and what the likely repayments are going to be. It is advisable to speak to a mortgage broker who can help you work through the figures. Call us if you are interested in finding out more about moving home.
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This is where you move your mortgage but not your home. It can often save you money. If you are in a current deal with a lender it may not be advisable to shop around, however if you are on the lender's standard variable rate and there are no penalties, it is certainly worth comparing what other lenders are offering. Call us if you are interested in finding out more about remortgaging.
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This is a term used for council tenants who are offered the opportunity to buy the property they are currently renting from the council, at a discounted price. There are usually special mortgage schemes available for these types of borrowers. Call us if you are interested in finding out more about right to buy.
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These are becoming an increasingly popular option to help individuals who cannot afford to buy a property outright. The scheme allows you to buy a share of a property and pay a rent on the remaining share you do not own. The size of the share you purchase will normally depend upon your income and savings. Most Shared Ownership applicants purchase a 50% share, but it is possible to buy as little as 25% or up to a 75% share. Shared Ownership properties are made available via Housing Associations and most have details of available properties online. Not all lenders will offer Shared Ownership mortgages and as a result we have to work with a reduced panel when advising on the best mortgage deal available for you. Call us if you are interested in finding out more about Shared Ownership.
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If you live in certain areas of the country and are classed as a key worker, you could benefit from the new key worker initiative introduced by the Government in March 2004. Key workers who may get help include the following: nurses and other NHS staff, teachers, police officers and some civilian staff in certain police forces, prison service and probation service staff, social workers, educational psychologists, planners (London) and occupational therapists employed by local authorities. Call us if you are interested in finding out more about the key worker schemes.
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Guarantor mortgages are designed to enable first time buyers or newly qualified professionals, whose incomes will increase significantly in the short term, to borrow more than standard income multiples would allow with help from a guarantor. Lenders will normally require that your guarantor is your parent or legal guardian, and most will only allow a single guarantor. Call us if you are interested in finding out more about guarantor mortgages and first start mortgages (parent and child).
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Credit repair mortgages are called by various names - impaired credit, sub-prime, non-conforming, specialized lending, adverse. All these terms mean the same thing, mortgages that are designed for people who have experienced financial difficulties, either currently or in the past. Recent figures indicate that 1 in 5 people in the UK have a poor credit rating. Typical examples of these difficulties are arrears (on credit cards, loans, rental agreements or mortgages), defaults, County Court Judgments (CCJ's), repossessions, and bankruptcy or IVA arrangements. These difficulties may have been as a result of unemployment or a dispute with a company over payment. Most people don't realise that paying a bill or credit card statement late can have an effect on their overall credit rating. We've helped lots of people to find a mortgage, even though they may have been turned down elsewhere. Give us a call and see if we can help you.
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