Skip to main content
57 Castle Street, Canterbury, CT1 2PY

Mortgages

01227 812866

michael@simply-finance.co.uk

Later Life Lending

01304 626968

rachael@simply-finance.co.uk

Investing in Rental Property Image

Mortgages

Choosing the right mortgage can sometimes be confusing, whether that be buying a property for the first time, moving home, remortgaging or buying an investment property.

With such a wide variety of different options available on the market you may find it difficult to find a mortgage deal that exactly matches your circumstances and budget.

Whatever your reason for a mortgage we can recommend the right product to meet your needs by taking the time to understand your individual circumstances and situation.

As independent mortgage advisors we can search the whole market and have over 20 years experience to assist in finding the right mortgage for you.

We will work together with you to deliver the right mortgage result and assist with advice on other important aspects of the mortgage process. Such as, life assurance, home insurance, conveyancing, and survey requirements.

Our aim is always to deliver a mortgage sourcing and application process that is straightforward, transparent and delivers the right results.

FTB3

First Time Buyer

When choosing your first mortgage, there are various elements that you need to consider:

How much can you borrow?

The amount that you can borrow will be determined by your income and outgoings and the deposit you have to put down.

How much deposit can I afford?

Typically a 5% deposit at least will be required, however if you are able to save more than this, it will allow you access to a wider range of mortgage options with competitive rates.

Be aware of the other costs

As well as saving for a deposit, you will need to save to cover other costs, such as legal fees and moving costs.

Become a mortgage expert

It is important to understand the different types of mortgages and how they work to ensure you pick the best deal for you and your needs.

For example if budgeting is important to you, a fixed rate mortgage could be the best option, however if you are not adverse to some monthly payment fluctuations and favour flexibility, you might prefer a variable rate deal.

 

moving 1MA

Moving Home

Moving home is a really exciting time and a life changing decision, so it is important to get the right mortgage.

You may have had the experience of buying your first home but now the added stress of selling your existing home can make the process considerably more complicated.

Our aim is to help guide you through the process and make it as easy as possible.

extension

Remortgages

Remortgaging is the process of changing your mortgage on your existing property to a new one, this may involve switching from one lender to another.

Many homeowners choose to remortgage when coming to the end of their existing rate, looking for better rates or planning to borrow more money against a property.

When Is Remortgaging Suitable?

Remortgaging may be suitable for you if:

  • Your current mortgage deal is due to end soon and you would like to avoid being transferred onto your lenders standard variable rate.
  • You would like to consolidate other debts
  • You need money to fund home improvements
  • You require funds to cover an expected considerable expense, a wedding, school fees or help your children with a house deposit for example.
  • Your property has increased in value and you want to benefit from a lower rate by going onto a lower LTV product.
  • Your existing lender’s product transfer rate is high and remortgaging would be more cost-effective

Remortgaging may be unsuitable for you if:

  • You need a small mortgage below £20,000
  • You took out your current mortgage within the last 6 months
  • Your mortgage has high early repayment charges.
extension (1)

Buy To Let

Buy-to-let mortgages are designed for people who want to buy a property as an investment to rent out rather than live in it themselves.

Therefore finding the right buy-to-let deal is vital if you want to maximise the return on your investment.

 

Mortgages


Your home may be repossessed if you do not keep up repayments on your mortgage.

Some buy-to-let mortgages are not regulated by the FCA.

There is a fee for mortgage advice. The fee is £250, payable on completion.

Later Life Lending


Equity release may involve a home reversion plan or lifetime mortgage which is secured against your property.

Check that your chosen plan will meet your needs if you want to move or sell your home or if you want your family to inherit it.

Always seek qualified financial advice. To understand the features and risks ask for a personalised illustration.

Equity release will affect potential inheritance and your entitlement to means-tested benefits both now and in the future.

We provide initial advice for free and without obligation. Only if you choose to proceed and your case completes would a typical fee of £495 be payable.


Simply Finance Limited is an appointed representative of In Partnership the trading name of The On-Line Partnership Limited which is authorised and regulated by the Financial Conduct Authority.
Registered in England and Wales. Number 5154149