From buying a home to purchasing a buy-to-let property, our simplified process is just the same. We can support you on your mortgage journey every step of the way.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Whether you are buying your first or second home or want to purchase a rental property for investment, we can take all the pressure off and do the work for you.
If you’ve come to the end of your initial mortgage rate and it looks like your lender is going to change your interest rate and monthly payment, we will review your situation and look for the best deal we can get at the time. We can help with releasing equity, home improvements, debt consolidation and more.
We know how scary it is being a first-time buyer. There is so much information out there. It can all become overwhelming and it’s hard to know if you’re making the right decisions. If you don’t know what to do, don’t worry!
It’s never too early to get in touch – maybe you’ve already found the house of your dreams or maybe you’re just starting to think about buying your first home and don’t know where to start. We are experts at this and can help you through the whole process. We can arrange solicitors, talk to estate agents and make sure you get your mortgage offer as quickly and easily as possible. We will stick with you right until you have your keys and move into your new house.
You’ve bought a house before (maybe several times), but that doesn’t mean you need to go it alone. Why put yourself under all that pressure?
Maybe you don’t have the time to deal with it all, maybe you found it all really stressful last time round or maybe you’ve forgotten how it all works. Either way, we can help you through the whole process. Even better – sometimes us brokers get exclusive deals too!
We can arrange solicitors, talk to estate agents and make sure you get your mortgage offer as quickly and easily as possible.
If you’re self-employed or own a limited company, it can be tricky to get a mortgage.
Lenders will want to see a minimum of a year’s accounts, but most will want to see two or three years of accounts. That can make life difficult if you haven’t been self-employed for long, but it definitely isn’t impossible!
We are used to dealing with this and have years of experience. We know the lenders that will and won’t give you a mortgage and how to maximise your income as a self-employed person.
Get in touch to find out how we can help you.
Whether you are buying your very first buy-to-let property or you are an experienced landlord with multiple properties, we can look after you and help you through the process.
You might be buying a single flat or house for a family or couple, or a bigger house to rent out as individual rooms (known as a house of multiple occupancy or HMO).
Whatever your situation, our simplified process for securing a mortgage for a buy-to-let property is the same and we are here to support you throughout.
Most Buy-to-let mortgages are not regulated by the Financial Conduct Authority.
Generally speaking, banks will lend up to 4 or 4.5 times your income. However, they will assess your income and expenditure with other factors, including deposit, age and creditworthiness. We can help with a full affordability assessment to ensure the mortgage is affordable for you.
The minimum deposit will vary depending on the property value and based on the property’s loan to value (LTV). Loan to value is your mortgage as a percentage of the property value. You will need a minimum of 5% deposit for a residential property and a minimum of 15% for a buy to let property. Mortgage products change every time a deposit increases by 5% - because the larger the deposit you have available, the less risk to a bank. Therefore, you may find more attractive rates with a larger deposit.
Costs vary depending on the property you are buying. A more expensive property can mean higher fees, but we can help calculate this with you. Costs include estate agents costs if selling, solicitors' fees, survey costs, stamp duty, removal costs, mortgage and broker fees.
Typically there are less fees with a remortgage than a purchase. Some remortgage products avoid fees altogether! You may still need to pay for solicitors and broker fees though.
Yes, most mortgages, including a remortgage, will need a solicitor to transfer money from one bank to another. However, some simple switches (with the same bank) can mean there is no need for the same legal work, therefore in these circumstances a solicitor is not required.
An agreement in principle, also known as a decision in principle, is the first step in approaching a bank for a decision on a possible mortgage. This will give you an idea if the bank would accept a full mortgage application from you, based on your circumstances.
Products change on a regular basis, so we will recommend the best product for you based on your circumstances and on interest rates at the time of application. Our recommendation does not always include the ‘lowest’ rate, as this might not always be the most cost-effective.
When you take a mortgage, interest is charged on the amount you borrow. An interest-only mortgage has monthly payments of only the interest each month, meaning the loan will remain outstanding throughout the term. A repayment mortgage will include the interest and an element of repaying the loan each month and, at the end of the term, the mortgage will be fully repaid.
A mortgage advisor is a specialist when it comes to mortgages! They can help find the best deal based on your circumstances and guide you through the process from start to finish. An advisor can be invaluable, saving you time, stress and worry and allowing you to concentrate on other things during the process.
If this all sounds like what you need, get in touch for an initial chat. We can talk about your situation and the next steps, all with no obligation.
Location
Maxco Financial Ltd
Festival House
Jessop Avenue
Cheltenham
GL50 3SH
Contact
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Maxco Financial Ltd is an appointed representative of PRIMIS Mortgage Network, a trading name of Advance Mortgage Funding Limited. Advance Mortgage Funding Limited is authorised and regulated by the Financial Conduct Authority. The Financial Conduct Authority does not regulate most Buy to Let mortgages.
There may be a fee for arranging your mortgage, dependant on your circumstances, a typical fee would be £500.00 which would be payable on application.
Trading address: Festival House, Jessop Avenue, Cheltenham, Gloucestershire, GL50 3SH. Registered office address: 4 Beaufort West, Bath, BA1 6QB. Registered in England and Wales with registration number: 08597528.
The guidance and/or information contained within the website is subject to UK regulatory regime and is therefore targeted at consumers based in the UK.
Maxco Financial Ltd.