True Cost Mortgages offer lending solutions from the whole of the market including high street and specialist lenders, and are able to satisfy the vast majority of mortgage and other lending enquiries. Call our helpline for a free initial consolation to see if you will qualify for a mortgage. One of our advisors will assess your circumstances and advise if you would qualify for the mortgage your require.
We will then explain the whole process and take the stress out of the process. All lenders have a lending criteria that looks at many things such as your income, age and credit history. Please get in touch where we will be able to give your specific guidance. That depends on the type of mortgage you are looking for. As an absolute minimum - first time buyers need 5% of the purchase price or valuation whichever is the lower.
We will then explain the whole process and take the stress out of the process. All lenders have a lending criteria that looks at many things such as your income, age and credit history. Please get in touch where we will be able to give your specific guidance. That depends on the type of mortgage you are looking for. As an absolute minimum - first time buyers need 5% of the purchase price or valuation whichever is the lower.
Services
True Cost Mortgages is dedicated to creating a meaningful, long-term relationship with you that is based on understanding, knowledge and commitment to progress.
We are a company of action: proactive, professional and committed to creating long-term success and financial progression for you, our client.
We understand that everyone's different, and that's why our financial planning approach is as individual as you.
We know the financial side of life can be complex and that's why we work hard to get to know you and your aspirations through careful life planning and consultation.
We are a company of action: proactive, professional and committed to creating long-term success and financial progression for you, our client.
We understand that everyone's different, and that's why our financial planning approach is as individual as you.
We know the financial side of life can be complex and that's why we work hard to get to know you and your aspirations through careful life planning and consultation.
Our team is waiting to assist you get the most appropriate mortgage for your circumstances.
We treat all our clients as individuals as your circumstances will be different to our next client.
Application to Mortgage Offer times vary dependent on how busy the lender is and the complexity of the deal, but as a rough guide at least 2 to 3 weeks should be allowed.
Dependent on the work required by the solicitor after this point a whole transaction from beginning to end averages around 4 to 6 weeks.
We treat all our clients as individuals as your circumstances will be different to our next client.
Application to Mortgage Offer times vary dependent on how busy the lender is and the complexity of the deal, but as a rough guide at least 2 to 3 weeks should be allowed.
Dependent on the work required by the solicitor after this point a whole transaction from beginning to end averages around 4 to 6 weeks.
Buying a house is one of the most important purchases you will make, and buying a home for the first time will be an even more daunting prospect.
Add to this the vast array of mortgage products available from a wide range of sources and you could be left with a high-stress, confusing decision.
To help you with making the right decision we have put together 10 top tips below for you.
Always consider how your transport arrangements will change in your new house.
If you have a car, your insurance premium may increase dramatically if you move from a town with relatively low crime into a city centre with higher crime rates or if you move from your parents' house with a locked garage to a smaller terraced house with on-street parking.
Add to this the vast array of mortgage products available from a wide range of sources and you could be left with a high-stress, confusing decision.
To help you with making the right decision we have put together 10 top tips below for you.
Always consider how your transport arrangements will change in your new house.
If you have a car, your insurance premium may increase dramatically if you move from a town with relatively low crime into a city centre with higher crime rates or if you move from your parents' house with a locked garage to a smaller terraced house with on-street parking.
When you remortgage, you are switching your mortgage to another deal, and frequently, another lender.
Remortgages can be used for various reasons.
However, most people simply switch mortgages because it will work out cheaper for them.
For example, the introductory discounted interest rate may have finished with your current lender; therefore you could potentially get a new discount rate, or a lower APR, with another lender.
Another example is when you may need to re-mortgage to consolidate debts or home improvements.
Remortgages can be used for various reasons.
However, most people simply switch mortgages because it will work out cheaper for them.
For example, the introductory discounted interest rate may have finished with your current lender; therefore you could potentially get a new discount rate, or a lower APR, with another lender.
Another example is when you may need to re-mortgage to consolidate debts or home improvements.
Becoming a private landlord should not be seen as an easy way of making money.
It can be riskier and more complicated.
It can also be very time consuming, more than most forms of investment, and there is no guarantee that house prices will rise.
That said, having a second property to let to tenants could reap considerable financial rewards over time.
Rent Potential - the decision as to whether or not a mortgage will be offered is usually based on the rent you will earn as well as your income.
In some cases your income is not ever considered.
It can be riskier and more complicated.
It can also be very time consuming, more than most forms of investment, and there is no guarantee that house prices will rise.
That said, having a second property to let to tenants could reap considerable financial rewards over time.
Rent Potential - the decision as to whether or not a mortgage will be offered is usually based on the rent you will earn as well as your income.
In some cases your income is not ever considered.
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