Purchasing a new property is an exciting time, but it can also be a minefield full of unexpected twists and turns. So get regulated and unbiased advice from a qualified advisor so you can stop worrying and start planning.
Buying a new property is one of the biggest financial commitments you can make, and with an industry full of jargon and legions of lenders fighting for your custom it can be a confusing as well as expensive journey if you go it alone.
At Lance Mortgages we take great pride in offering a bespoke service to every one of our customers. Everyone’s circumstances are different, and you need a mortgage that reflects your own needs and budget. By working with us you will get a dedicated advisor who will ensure you get the best possible deal.
Helping find you the best purchase mortgage deal whilst offering personalised, expert advice is what we do best and allows you to concentrate on moving in to your new home.
Getting a mortgage is often a stressful and complicated process, and that’s why having a qualified, expert mortgage broker on your side to guide you through the process from start to finish can be invaluable.
We break down the legal jargon, complicated interest rates and long-winded terms of the mortgage industry to help you choose the best and most suitable deal for you.
We search the land to work with the biggest names and specialist lenders to provide our customers with the widest choice of options. Our qualified, expert advisors will match your needs with the right provider, giving you peace of mind that you’ve secured the best deal possible.
A mortgage is a type of loan secured on a property you’re looking to purchase. For most people this allows them to purchase a home they would not be able to afford otherwise, whilst securing the loan gives the lender security so they can lend you the required amount at a low rate of interest. If the loan repayments are not maintained the lender may repossess the property and sell it on to recover their money. Once the mortgage term is completed the homeowner’s ongoing payments end.
Generally speaking yes, but an independent valuation needs to be carried out on the property before a lender will agree to provide the mortgage. Some properties, such as specialist construction properties, are not accepted by all lenders however your mortgage advisor will be able to assist if this applies to you.
There are two main types of mortgage and they differ depending on how the loan is repaid:
There are then two different ways in which the interest rate on your mortgage can be set:
To see what type of mortgage is suitable for you and your needs, speak to us today.
Different lenders will assess your income in different ways, depending on your circumstances such as whether you are employed or self-employed. By working with us you can ensure your income will be matched to a lender that will more likely accept your application, reducing the risk of failed applications and additional credit checks which could damage your credit score. Get in touch with us to find out more.
‘Loan to Value’, which you may see written as ‘LTV’, is basically how much of the property price you need to borrow. For example, if you were looking to purchase a £200,000 property with a £20,000 deposit you would have a 10% deposit, and your LTV would therefore be 90%. When looking at mortgages and remortgages the less you need to borrow the less of a risk you are to a lender, and your interest rates will be more competitive as a result.
Put simply, we’ll search a wide range of providers to find the best mortgage deal for you. Getting a mortgage can be an intimidating prospect, but our friendly and professional advisors will guide you through your options and manage the whole process from start to finish.
We are authorised to give professional advice as to the best way forward for your needs and situation, as opposed to just providing ‘information’ which sets us aside from many other ‘experts’ in the field, and can give you more balanced advice than if you went directly to a provider like your bank or building society.
