A broker acts as the middleman between the borrower and the lender to facilitate a transaction. With the expertise of the broker, they are able to discuss, negotiate and source the best deal for the borrower. The Finance Company is simplifying finance.

Residential mortgages - The Finance Company

Q: Why should I use a mortgage broker rather than going to a lender direct?

There is a plethora of information that you need to know before taking a mortgage. There are risks that you need to consider and other elements that might be confusing. A mortgage broker will be able to help you digest this information and explain all the jargon. They also have access to hundreds of lenders and know what to look for when structuring a mortgage package. For a borrower to go direct to a lender you might not understand certain parameters of the loan unless you are in the industry.

Q: What fees are involved when getting a mortgage?

Broker fees Lender fees to cover the cost ofprocessing the loan application Valuation and survey costs forthe security property Stamp Duty Land Tax Legal fees These fees can vary depending on the lender and the specific loan product, and some of them can be negotiated.

Q: How can I get a mortgage?

By using The Finance Company we can be the mortgage broker you need. We have a panel of lenders who are flexible with their lending requirements and we are committed to getting you the best overall deal.

Q: What is the mortgage process?

See an adviser face to face A full fact find to take place including understanding budgets Find a property Submit a mortgage application to the lender Fulfil lender requirements and provide any additional information required Survey and valuation take place Mortgage offer comes through (lender agrees to lend) and solicitors are instructed Solicitor to carry out searches on the property highlighting any caveats Exchange and completion dates set and take place

1

A loan you can use to help buy property
2

Loans from two to 40 years
3

Use a mortgage for your first home
4

Available for property purchases around the UK
5

No mortgage size restrictions
6

Pay nothing for your first consultation

Residential mortgages are a popular option for many individuals in the UK to finance their dream home. While borrowers generally need a minimum deposit of 10%, some lenders may require a larger deposit. A larger deposit can often result in more favourable mortgage terms, including lower interest rates. Thus making it beneficial to save as much as possible towards a deposit before applying for a residential mortgage.

However, no matter what size your deposit it, at The Finance Company, we work with a panel of over 180 reputable lenders to help our clients find the right lender that meets their requirements and offers the best overall package.

Whether you have questions about mortgages or need a mortgage broker, we are here to assist you.

Get in touch

1. What is a mortgage?

A mortgage is a loan from a lender to the borrower secured against a property, land or development. A borrower will pay back the loan over a period of time with interest rates that can be fixed or variable. Short term mortgages, often known as bridging loans, can range from one to 24 months. Longer term mortgages range from 24 months to 40 years. Your representatives will be able to advise you on lenders with the right products that suit your requirements.

2. Why should I use a mortgage broker rather than going to a lender direct?

3. What fees are involved when getting a mortgage?

4. How can I get a mortgage?

5. What is a broker?

6. What is the mortgage process?

Talk to a member of the team now.
Simply get in touch using the details below.

Or, complete our quick online enquiry form to receive a callback.

Phone: 0800 031 8829
Email: [email protected]

First name*

Second name*

Contact number

Email address*

Send

*Required fields

First name

Last name

Send

Buying a home, and need mortgage?

What is a mortgage?