FAQs
What is a mortgage and how does it work?
1
A mortgage is a loan secured against a property, allowing you to buy a home without paying the full price upfront. You repay it over time with interest. Your rate depends on your deposit, income, credit, and mortgage type.
How much deposit do I need?
2
Most mortgages require a deposit, usually starting around 10% of the property price. A larger deposit can give you access to better rates and more mortgage options.
What does Loan-to-Value (LTV) mean?
3
LTV is the percentage of the property’s value you’re borrowing compared to your deposit. Lower LTVs often mean lower interest rates because the lender sees less risk.
What is remortgaging and why would I do it?
4
Remortgaging means switching your mortgage to a new deal, either with your current lender or a new one. People do it to get better rates, reduce payments, release equity, or adjust borrowing to suit their needs.
Can I get a mortgage if I’m a first-time buyer?
5
Yes. First-time buyers may qualify for special deals and schemes, often requiring smaller deposits. We guide you through affordability checks, choosing the right mortgage, and the application process.
What is mortgage protection and do I need it?
6
Protection covers you or your family if something unexpected happens, such as illness, injury, or loss of income. It helps keep your mortgage and bills manageable and provides peace of mind.
How long does the mortgage application process take?
7
The process usually takes 4–8 weeks from application to completion, depending on factors like lender checks, surveys, and document verification. We manage this to make it as smooth as possible.
How do I know which mortgage is right for me?
8
We assess your goals, financial situation, and preferences, then search the whole market to recommend options tailored to you. Our advice is independent and designed to suit your needs.
Are there fees for using a mortgage adviser?
9
Some services may involve fees, but many advisers are paid by the lender. We always clarify any costs upfront so there are no surprises.
How quickly will someone get back to me?
10
Once you contact us, a member of our team will respond within 24 hours to discuss your enquiry and next steps.