Expert Purchase Mortgage Advice & Deals For You

A purchase mortgage, as its name suggests, is a mortgage used to buy a property. These are typically mortgages for first time buyers or for people looking to move home, but can also apply to people looking to bu y a second home or even purchase property from a local authority or housing association.

House buyers have traditionally gone to high street banks and building societies for mortgages to finance their purchases, but there are many other competitive specialist lenders who can help you with a mortgage, even if you have been refused elsewhere. Some lenders can tend to be overly cautious when it comes to lending to people who have a less than perfect credit history, and that can make it very difficult when you need a mortgage.

The type of mortgage you are offered will depend on your personal circumstances, and there are special schemes depending on whether you are a first time buyer or other type of buyer seeking a mortgage.

Your ability to secure a mortgage will be dependant on many factors including your income, expenditure and any existing commitments, plus the amount of deposit you are able to put down. The amount of deposit in relation to the value of the property affects the loan to value (LTV) which will have a bearing on mortgage rates you can secure.

If you have a bad credit history, then you do not need to despair. There are reputable lenders out there who can assist those looking secure a mortgage, even though your credit rating is poor. Finding a decent mortgage deal is not impossible, but can depend on the severity of your credit problems, the length of time since your financial difficulties, and how affordable any mortgage offered to you would be.

Even if you have been refused a mortgage elsewhere, there are some specialist lenders who may still be able to provide you with a mortgage. We can search the market for you and find mortgage deals that you may be able to successfully apply for.

When looking to purchase property, securing a mortgage isn’t always straightforward, but sometime you need the right mortgage and quickly! Our expert advisers can help you get the best deal that’s right for you and do it as speedily as possible. It is vitally important that you seek out this sort of impartial advice.

We will help you discover how much you could reasonable afford to borrow and the fees you will pay. We will source the best options from the market and let you know how much your monthly mortgage payments are likely to be. You may be tempted to go back to your existing lender however it is important to remember they will only be able to tell you about their mortgage products when there could be a better option for you with another lender which could save you money.

The type of mortgage you are offered will very much depend on your personal circumstances. The better your credit history, the affordability of the loan, and the greater the deposit you have, are all factors that will be taken into consideration by a lender.

If you have a poor credit history, then specialist lenders we can match you with, are usually more flexible compared to high street lenders, but they still want to ensure that the risk is not overly large. While the terms of any mortgage you are offered might be less favourable than a standard mortgage (for example, higher interest rates the higher the perceived risk), some lenders will include options such as interest rate cuts if borrowers have proven they can consistently meet the repayments.