Upsizing, downsizing, starting a family, changing jobs or dreaming of living in that countryside mansion?
Moving home normally involves arranging a new mortgage to suit your new circumstances. Selecting the right mortgage product is important; your mortgage will likely be your biggest financial commitment and once it has started, it’s often not easy to change. Using a professional helps ensure you get the most suitable mortgage available both now, and when considering your future plans. Let us take care of the process for you so you can focus your time and energy on work, family and day-to-day life. We’ll provide regular updates throughout the whole process and we’re only ever a phone call or email away when you need us.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Current mortgage deal coming to an end and wanting to switch to a new product?
Remortgaging to a different bank or switching product with your existing mortgage provider is standard practice when you reach the end of your product term. This avoids moving onto standard variable rate (SVR) which often results in significantly higher monthly payments. Remortgaging is also the perfect opportunity to adjust your mortgage to suit your current circumstances. You can borrow more, pay off a lump sum, adjust your term to suit your monthly budget and choose a new product that’s right for you. Remember, your mortgage should work around you rather than you living around your mortgage!
First Time Buyer
Wanting to get on the property ladder after saving hard for your deposit?
First time buyers coming across mortgages and entering the world of home ownership can be an overwhelming experience. With so many mortgage products available, each bank having different criteria and each bank lending you a different amount, knowing who to go to is not easy. Your mortgage is a major financial commitment and you want it done properly. Using a qualified advisor is highly recommended for everyone, especially first time buyers. As a broker, we can save you time and money by applying for the most suitable mortgage product, depending on your personal circumstances, and liaising with the bank through to mortgage offer.
As new-build specialist mortgage brokers, we have a comprehensive understanding of the new-build market. We appreciate the demands a house builder makes regarding timescales to exchange contracts and we have the necessary relationships with lenders to ensure we can turnaround mortgage offers in quick time. If you’re buying through a specific scheme, we’re well versed in the First Homes Scheme, Deposit Unlock, Own New, Shared Ownership and Help-to-Buy, so we’ll be able to explain and assist with any new-build queries you have.
The Help to Buy Equity Loan scheme closed to new applications in England at 6pm on 31st October 2022.
Thinking of purchasing your first buy to let property or expanding your existing portfolio?
Buy-to-let (BTL) mortgages are required when purchasing a property you intend to let to tenants. BTL mortgages are offered by major high-street lenders as well as, specialist BTL lenders in order to meet a diverse range of requirements for current and future landlords. Whether you’re a first-time landlord, refinancing your property portfolio or thinking about renting out your current home, you’ll need to obtain a BTL mortgage. Unlike residential mortgage which are assessed based on your income, BTL mortgages are assessed on the expected rental income the property will generate relative to the size of the mortgage.
The Financial Conduct Authority does not regulate most Buy to Let Mortgages.
It needn’t be a nightmare getting a mortgage when you’re self-employed – let a professional help!
Getting a mortgage when you’re self-employed has a reputation for being a stressful process. Each mortgage lender has specific self-employed criteria which can vary significantly. While one bank may be happy to offer you a mortgage, another bank would decline the application. For a broker, self-employed mortgages are no more difficult providing we have the necessary business information and tax documentation. Banks typically need company accounts and/or personal tax calculations and overviews to verify income. We work closely with major high-street mortgage lenders who are happy to deal with contractors, sole traders, partnerships, limited liability partnerships and limited company directors.
Always dreamed of building your own home? Not sure where to get started? Let us point you in the right direction.
Self-build mortgages are available whether you’re starting with an empty plot of land or you’re looking to renovate an existing property. For building from the ground up, the lender will typically release funds to finance the purchase of the plot and then release further funds in stages as the build progresses. For a major renovation project, your existing mortgage will need to be switched to the self-build lender before they are happy to begin releasing further funds. Self-build mortgages often have higher interest rates and lender fees but once your home is in a habitable condition, it can be switched back to a mainstream lender on a standard residential mortgage.
Do the numbers stack up?
Whether you’re wanting to know how much you can borrow or what you can offer on the house you’re viewing, we can run through affordability calculations with you to provide the numbers and confidence you need.
Speak to us
Each bank has different criteria and it’s our job to know them inside out so we can give you the informed service you should expect.
Our experience and inside knowledge of the mortgage market beats any online calculator or comparison site – it’s not all about having the lowest interest rate believe it or not!
Put your feet up
We take care of the whole process for you from submitting the mortgage application, chasing the banks for your mortgage offer and liaising with the solicitors as we see you through to completion.
At Ferro Financial you can be confident you’re in safe hands from start to finish.