Mortgage Source has many years experience within the Mortgage & Financial Sector and built a reputation for providing professional advice with a personal approach. Our clients return to us time and time again secure in the knowledge that we work for them, sourcing the best solutions to meet their individual needs.
We pride ourselves in offering a superior and personal service to clients both old and new, from first time buyers who require advice on the entire home buying process, to professional landlords with large portfolios of properties for rent.
Mortgage Source is a trding name of Mortgage Source (Southsea) Ltd which is an Appointed Representative of Mortgage Intelligence Ltd which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.We always aim to provide a high quality service to our customers.However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman.
We pride ourselves in offering a superior and personal service to clients both old and new, from first time buyers who require advice on the entire home buying process, to professional landlords with large portfolios of properties for rent.
Mortgage Source is a trding name of Mortgage Source (Southsea) Ltd which is an Appointed Representative of Mortgage Intelligence Ltd which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.We always aim to provide a high quality service to our customers.However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman.
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You may find buying your first home a little bit daunting.
With the challenge of finding your first property, choosing the right mortgage, selecting the best solicitor and making sure the whole process runs smoothly, you may find the information below useful to help you achieve the first rung of the property ladder.
The first step is to contact us and we will advise you on the mortgage options available to you.
It doesn't matter if you haven't found a property just yet, we can provide you with some facts and figures that will help you select the property within your price range.
With the challenge of finding your first property, choosing the right mortgage, selecting the best solicitor and making sure the whole process runs smoothly, you may find the information below useful to help you achieve the first rung of the property ladder.
The first step is to contact us and we will advise you on the mortgage options available to you.
It doesn't matter if you haven't found a property just yet, we can provide you with some facts and figures that will help you select the property within your price range.
When you're thinking of selling your existing property and moving to a new home, it's important that you try and budget accurately.
The more accurately you can estimate this figure, the better.
To enable you to work out this, you first need to know what your total available funds are and then subtract the cost of moving home.
What selling your property will cost (estate agents typically charge between 1%-1.5% of the property value).
What buying your new house will cost (mortgage fees charged by the lender, solicitors costs, removal lorries, etc).
The more accurately you can estimate this figure, the better.
To enable you to work out this, you first need to know what your total available funds are and then subtract the cost of moving home.
What selling your property will cost (estate agents typically charge between 1%-1.5% of the property value).
What buying your new house will cost (mortgage fees charged by the lender, solicitors costs, removal lorries, etc).
Many of us are looking for a better mortgage deal, or would like to release some of the equity in our home but the process is often not as easy as it first appears.
We will work with you to check the terms and conditions of your existing mortgage.
These will tell if you are tied-in to your mortgage deal or if there are any early repayment charges.
You can then decide if it is worth switching to a different rate or stay put until the penalties have expired.
An early repayment statement will be needed from your existing lender telling you how much you owe.
We will work with you to check the terms and conditions of your existing mortgage.
These will tell if you are tied-in to your mortgage deal or if there are any early repayment charges.
You can then decide if it is worth switching to a different rate or stay put until the penalties have expired.
An early repayment statement will be needed from your existing lender telling you how much you owe.
This can be a popular mortgage option for those wishing to invest in residential rental property.
Although the perception is that buy to let mortgages are expensive, this isn't necessarily correct.
There are many lenders who offer competitive rates, which in many cases are generally similar to the rates offered on a standard mortgage.
Landlords also have a choice between interest only and repayment mortgages.
Buy to Let mortgages do differ in several ways from standard mortgages.
When lenders are considering approving a buy to let loan, they generally base their decision on the likely rental income from the property and not necessarily the applicants' income.
Although the perception is that buy to let mortgages are expensive, this isn't necessarily correct.
There are many lenders who offer competitive rates, which in many cases are generally similar to the rates offered on a standard mortgage.
Landlords also have a choice between interest only and repayment mortgages.
Buy to Let mortgages do differ in several ways from standard mortgages.
When lenders are considering approving a buy to let loan, they generally base their decision on the likely rental income from the property and not necessarily the applicants' income.
Shared-ownership is a great way into home ownership and is the main affordable housing scheme.
If you can't afford to buy outright, you can part buy/part rent your home.
You might buy a 25%, 50% or 75% share in your home.
You pay a rent for the share that you don't buy normally set at an 'affordable' rate of, say, 2.75%.
The other share in a shared ownership property is usually owned by a'housing association'.
Alternatively, some shared ownership homes are provided by house builders directly on schemes called 'shared equity'.
If you can't afford to buy outright, you can part buy/part rent your home.
You might buy a 25%, 50% or 75% share in your home.
You pay a rent for the share that you don't buy normally set at an 'affordable' rate of, say, 2.75%.
The other share in a shared ownership property is usually owned by a'housing association'.
Alternatively, some shared ownership homes are provided by house builders directly on schemes called 'shared equity'.
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