Mortgages
A Big Financial Commitment
A mortgage is likely to be the biggest financial commitment you have. We will ensure you get the very best advice. Applying for a mortgage can be quite complex. Having a specialist working for you can help you to navigate the process and advise you on the best solutions to any pitfalls should they arise.
Regulated Mortgage
The residential mortgage companies we work with are regulated by the Financial Conduct Authority (FCA) which is the same regulator as the banks. We only work with companies that are representative of whole of market. The adviser is responsible for the advice they give, so you have peace of mind as you are covered by the FCA regulations.
Right To Buy
We work with companies that understand the criteria of different lenders and the required Right To Buy paperwork. The Mortgage Adviser will advise you on what the lenders require when buying your home from a Local Authority. Not all lenders or conveyancers work with this specialist area. Our team at Financial Advice Hub will partner you with a mortgage adviser and conveyancer that will make the process as smooth as possible for you.
Unregulated Mortgages
We work with companies that arrange Bridging Loans and Buy to Let, Second Charge and Commercial Mortgages. These mortgages are not regulated by the FCA. Our advisers are representative of whole of market.
Do I need a Mortgage Adviser?
Many will think it will save them money if they go directly to a bank themselves for a mortgage. The disadvantage with this is individual banks can only sell you the products that they have. This does not mean the mortgage products, rates or terms they have are necessarily best for you or your circumstances. The mortgage adviser we will recommend will listen to your needs and circumstances, have an understanding of your financial background and recommend the best product in conjunction with your individual life, needs, family, financial and future aspirations. In our experienced opinion, you absolutely DO need a mortgage adviser.
Bad Credit
We don’t all have the perfect credit score or history. Don’t worry, we are here to help, there are mortgage providers that have varying adverse credit criteria. We work with mortgage advisers that specialise in this field and will work hard for you, to help you find a mortgage provider that accepts your particular adverse credit history. Many high street advisers or lenders will not help you as yes, it is more work. Don’t struggle in silence. Our consultants here at Financial Advice Hub will discuss your needs and place you with a recommended Mortgage Adviser.
What will a Mortgage Adviser Provide?
Save you Time
A Mortgage Adviser recommended by Financial Advice Hub will have access to a variety of lenders, they are representative of whole of market. This means you will only need to give your personal details to one trusted adviser, who will be able to check the market on your behalf. It would not be possible for you to check the best product on the market that best suites you, unless you have a lot of time to spare and are happy about giving your personal details to all the different lenders!
Save you Money
Spend a little now to save a lot later, many deals a mortgage adviser has access to are not available directly to the public. The adviser will search for the most appropriate deals that best suit your circumstances.
Lending Criteria
The advisers we recommend have a good understanding about lender criteria. The adviser will know which lender will better suit your circumstances and will have a better understanding on what information they need to improve your chances of your application being accepted.
Explaining the Process
All the advisers we recommend will explain the process in bite size chunks ahead of each step, so you feel confident, comfortable and in control of the process.
By your Side
The Mortgage Adviser will be with you on your entire journey through the property purchase/sale. They will liaise with the bank, the conveyancer and the estate agent.
Product Type
The Mortgage Adviser will listen to you and will advise you on the best type of mortgage according to your lifestyle and needs. The mortgage adviser will go through the different types of mortgages and terms that are available to you and why a certain term works best for you.
The mortgage types could include: Buy to let– Capped rate – Discount rate – Fixed rate – Flexible – Guarantor – Help To Buy – Interest Only – Joint – Offset – Standard variable rate – Tracker – 95% Mortgages.
A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
THINK CAREFULLY BEFORE SECURING ANY DEBT TO YOUR HOME
There will be a fee for mortgage advice. The actual amount will depend upon your circumstances. You will be advised of the fee prior to any applications being submitted.
Financial Advice Hub may receive payment/training/reciprocal business from the recommended providers for introduced business. Financial Advice Hub is not responsible for the products, services or advice provided by these companies.
We can confirm that:
Regulated Mortgages are covered by the Financial Conduct Authority Regulations.
Conveyancers are regulated and authorised by the Council for Licensed Conveyancers and/or the Solicitors Regulation Authority.
Building Surveys are Royal Institution of Chartered Surveyors (RICS) Accredited.