Most people searching for a mortgage only get as far as their own bank’s mortgage services department. But your bank’s mortgage advisors will only advise you about products that they sell, so you may not be offered the best deal for your circumstances. Your income, age, relationship status, job history, savings and debts are just some of the factors that lenders take into account when working out how much you can borrow and under what terms; some lenders offer more favourable terms than others depending on your overall situation. Some lenders may decline to offer you a mortgage whilst others may offer to lend you more than you could comfortably afford.
Buying a home to live in
If you are buying a home, speed is often important – a delay in getting an appointment with a mortgage broker can lead you to miss out on buying the house you have your heart set on. We offer evening and weekend appointments and can also help you online or by telephone for efficiency. We can advise you on the different types of mortgages available (such as repayment and interest-only) and help you to find a deal at an affordable rate.
If you have equity in your house (that is, if your house is worth more than you have outstanding on any existing mortgage), you may want to release some of that equity by remortgaging. Perhaps you want to build an extension, make alterations or use the money for something else altogether. Our mortgage advisors can discuss all of the available products across the market and find a deal that offers you a great rate over a time period that suits you.
Buying a property to let
Becoming a landlord can provide you with a good source of income but it is important that you research the market before committing yourself to a mortgage to buy a property to let out. As mortgage advisors, we can talk through with you all the factors that you need to consider and help you to make sure that your investment will be financially viable and worthwhile. We will also discuss with you the particular features of a buy-to-let mortgage so that you have all the facts before choosing the right product for you.
First time buyers
Getting on the property ladder can be difficult for first time buyers, especially if your savings are limited. Our mortgage brokers can search the market for the best rates and for the lenders who are prepared to lend you more. Our mortgage advisors can visit you at home or see you in one of our local branches, or help you online or by telephone – weekend and evening appointments are available to make sure you get the right advice at the right time, so that there are no delays in putting in an offer on the house you want.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT
Hathways Mortgage Services is an introducer to Asset Mortgage Solutions who are regulated by the Financial Conduct Authority reference number 418144. Not all mortgages are regulated by the Financial Conduct Authority.
For the avoidance of any doubt any mortgage business ultimately transacted will be carried out by Asset Mortgage Solutions Limited. Phillip Hathway is joint Managing Director of Asset Mortgage Solutions.
All mortgages are subject to status and lenders criteria at the time of application – not all incentives mentioned above are available to all customers, all of the time.