Mortgages

Your First Home

Buying your first property can be a daunting prospect. At The Mortgage Ladder we’re here to provide advice, help and support which will enable you to buy your dream home with the best mortgage deal available.

Mortgage lending criteria, products available are changing constantly.  Our Advisers use our vast experience in the mortgage market to assess your options and find the best mortgage deal to suit your circumstances.

There are also a number of government schemes available, most notably the Help to Buy scheme. See the Help to Buy section for more details.

The first step is to make an appointment with us so just go to the Contact Us page and start the ball rolling.

A New Home

So you’re thinking of moving,but have no idea how much you can borrow and what the best mortgage deal may be to suit your individual circumstances.

The Mortgage Ladder offer many years experience in the mortgage market.  With lender’s criteria and mortgage deals constantly changing, we use our knowledge and experience to ensure you get the best possible mortgage deal.  However it’s not just the deals available, that we’ll discuss.  Your circumstances and plans for the future are extremely important.  For example many people want the security of a fixed rate but others want more flexibility because they might move house in the near future.

Re-Mortgaging

There are many reasons why you might be thinking of re-mortgaging. You might just want to see if there are better deals available with other lenders.

If you are coming to the end of your fixed rate deal, it’s likely that your rate will soon be reverting to your lenders standard variable rate which will normally be higher. Talk to us to find out what deals are available with other lenders.

You might want to borrow additional funds for home improvements or to consolidate existing debts. Whatever the reason, contact us today to discuss your options.

Buy to Let

A Buy to Let Mortgage works differently to a residential mortgage.

Any lender will take into consideration the rent you expect to receive from the property but most will also require applicants to have a minimum personal income. Most lenders also limit the number of buy-to-let properties an applicant can have which is an important consideration to professional landlords.

Finding the right buy to let mortgage can be complex. When considering a buy to let mortgage application, a lender will typically look for a prospective rental income of 125% of the monthly interest payment of the loan, but may also require the landlord to have a minimum personal income e.g.£25,000 per annum.

We will guide you through the whole process and ensure we get you the best Buy to Let Mortgage to safeguard your investment. Talk to us today to find out more.

Help to Buy

The Government’s new Help to Buy scheme now makes it possible to buy a new or existing home with just a 5% deposit.

The Government has created the Help to Buy scheme to help hard-working people like you take steps to buy your own home. Whether you want to get onto the housing ladder or move up it, Help to Buy makes it possible to buy a new-build or existing home priced up to £600,000 with as little as a 5% deposit.

The two main schemes available are the Help to Buy Mortgage Guarantee and the Help to Buy Equity Loan.

A mortgage supported by the Help to Buy mortgage guarantee scheme works inexactly the same way as any other mortgage except that under the scheme the Government offers lenders the option to purchase a guarantee on mortgage loans.

Because of this support, lenders taking part are able to offer home buyers more high-loan-to-value mortgages (80-95%).

You will still be fully responsible for your mortgage repayments. So if you have a 5% deposit, you will need to take out and pay back a 95% mortgage.

With a Help to Buy equity loan the Government lends you up to 20% of the cost of your new-build home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest. You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

Find out more today.

High Net Worth Mortgage

Most clients seeking a High Net Worth Mortgage are looking for a special level of service and will be seeking to borrow a little more than the high street banks are prepared to lend, especially with mortgage amounts over £1million.

Many lenders limit the maximum loan amount on their standard mortgage range to£1,000,000. Therefore if your request is in excess of this amount your application will be subject to specialist underwriting and processing.
Contact us for further information and to discuss your options.

For more information contact us today.

Think carefully before securing other debts against your home.  Your property may be repossessed if you do not keep up repayments on your mortgage.

 

The FCA does not regulate some forms of buy to let mortgages.

  • Neil Selby, The Mortgage Ladder
    We do not usually charge a fee for our mortgage services as we are remunerated by commission from the lender.
    Neil Selby
  • Miss Webb

    Thank you so much for arranging the mortgage for my first home. You have been fantastic and I can’t thank you enough.

    Miss Webb
  • Mr & Mrs Rance

    Neil was excellent through the entire process. At the outset he advised on best course of action and was proactive in chasing things up until completion. I give him 10/10 and wouldn’t hesitate using his services again in the future

    Mr & Mrs Rance
  • Mr & Mrs Francis
    Mr & Mrs Francis