Mortgage Services
First time purchase, relocation, investment or remortgage – all of these should only bring you positive emotions. Nevertheless, property financing can be confusing and difficult at times. With so many options and ever-changing criteria, it’s best to leave it in the hands of a specialist. We can help customers who may think they have tried everything possible to obtain a mortgage, which includes people with bad credit and limited company owners. Get in touch with us even if you are just thinking about going on the property ladder, we are here to help.
first time buyers
Calculate how much cash you have for a deposit before determining how much you can…
Remortgaging
Home movers usually have more options than selling in order to buy. We will analyse…
Buy to let
We understand that as investors, clients are looking to benefit from their property…
Commercial
An owner-occupier mortgage is for a business location, and a commercial investment…
adverse credit
If you have adverse credit (or a low credit score), it is still possible to get a mortgage!…
First Time Buyers
Calculate how much cash you have for a deposit before determining how much you can borrow when looking for the best first-time buyer mortgage.
A evaluation of your ability to pay for a mortgage application will normally include a credit check. Your annual salary and other sources of income will be considered by the mortgage provider, as well as your outgoings, which include household expenses and debt from loans and credit cards. In addition, they’ll review your credit history to see if you’re a trustworthy borrower or if you’ve ever missed a payment.
The lender will also “stress test” your capacity to repay your mortgage in the future if you choose a variable rate mortgage or fixed-rate mortgage of fewer than five years. In other words, would you be able to make your payments if something changed, such an increase in interest rates? To determine how much you can borrow, they’ll consider all the financial data they’ve gathered.
You’ll know what kind of first home you can afford once you know how much you can borrow.
Remortgaging
Home movers usually have more options than selling in order to buy. We will analyse your requirements and future plans and provide solutions that you may not be aware you can benefit from. This may even include you being able to keep your property as an investment and still be able to move to your new home. We can look into every case closely to establish your best options going forward.
Images for illustration purposes only.
Buy To Let
We understand that as investors, clients are looking to benefit from their property not only on a monthly basis, but also in the long run. When making a decision whether to buy alone, with your partner or as a limited company, it’s important to know the current climate and how it will affect your income from the property you’re about to purchase. At Mew Mortgages we can look after your portfolio of properties as well as single purchases and discuss with you your best ways to have a positive outcome from your investment.
Commercial
An owner-occupier mortgage is for a business location, and a commercial investment mortgage is for someone wishing to invest in commercial real estate.
An owner-occupier commercial mortgage is appropriate for people or companies that buy real estate with the goal of operating a business out of it while also securing an asset.
Mortgages for commercial investments are especially created for people or companies wishing to buy real estate as a company asset. This could be done to benefit from rising rents and property values.
What If I Have Low Credit?
If you have adverse credit (or a low credit score), it is still possible to get a mortgage! This generally involves using a specialist lender, and you can expect to pay a higher interest rate. Having a large deposit or a healthy income will help you secure a better deal.
While the typical high street lender is very strict when it comes to bad credit, a specialist lender is willing to assess the seriousness of your bad credit issues on their individual merits. By speaking to one of our mortgage advisers at Mew Mortgages, you may find it possible to get a mortgage, even if you’ve been refused one before.
We are experts in finding the right lender and mortgage for your circumstances. Give us a call and we can help!