Common Questions

What services do you offer?

We provide mortgage advice, help with applications, and guide you through the home buying process.

How much can I borrow?

The amount you can borrow will depend on your income, credit score, and financial situation. Contact us for a detailed assessment.

Can you help those with bad credit?

Yes, we can help people with bad credit find mortgage options that suit their situation and needs.

How do I start my mortgage application?

Contact us to schedule a consultation. We will guide you through the steps required to complete your mortgage application.

What does a decision in principle mean?

A decision in principle means a lender agrees to offer you a mortgage based on your financial details, but it's not a final offer.

What's the difference between an interest-only mortgage and a repayment mortgage?

An interest-only mortgage requires payments of interest only, while a repayment mortgage requires payments on both interest and loan capital.

What's the difference between a fixed-rate mortgage and a variable rate mortgage?

A fixed-rate mortgage has a constant interest rate, while a variable rate mortgage's interest rate can change based on market conditions.

How long should I fix my mortgage for?

It depends on your financial situation and future plans. Consult with our mortgage brokers to find the best term for you.

What does loan to value mean (LTV)?

Loan to value (LTV) is the percentage ratio of the loan amount to the appraised value of the property.

How long does a mortgage last for?

A mortgage typically lasts between 15 and 40 years, though shorter and longer terms are available based on individual needs.

How can I pay off my mortgage more quickly?

Make extra payments, remortgage for a lower rate, or choose a shorter loan term to pay off your mortgage faster.

What are mortgage costs?

Mortgage costs include the interest rate, loan fees, insurance, and sometimes property taxes. These vary depending on the lender and terms.

What is a mortgage broker

A mortgage broker helps people find and secure mortgage loans, guiding them through the process and comparing options to get the best rates.

What questions should I ask my mortgage broker?

What loan options are available to me? What is the interest rate? How do I improve my chances of approval?

How will the lender treat my loans when assessing my affordability?

The lender will review your existing loan payments to determine your affordability, ensuring you can manage both present and future obligations.

I'm self employed. Can I use my latest years income figures to support the mortgage, as my previous years income was very low?

Yes, as a mortgage broker, we can help you use your latest year's income figures for your mortgage application.

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