Mortgages & Secured Loans

Be it the first step on the property ladder, Remortgaging or Buy to Let. Raising money for Home Improvements, that special purchase or even debt consolidation, we can help you achieve your goals.

What is it?

A Mortgage is a loan for the purpose of buying property or land. Once agreed the loan is secured against the property by way of a charge until it is repaid. Most mortgages are repaid monthly and if you fail to keep up your repayments, the lender has the right to repossess your property and sell it in order to get their money back.

Sometimes circumstances can make it seemingly impossible to get a mortgage with a mainstream lender, resulting in them being classed as Specialist – such as adverse or subprime mortgages. Our expert advisers have the knowledge, skills and lender relationships to be able to deal with issues such as adverse credit, self employed income, high loan to value and much more. With access to the whole of the market we can help source a mortgage to suit a range of different circumstances. From buying your first home to non-standard construction property mortgages and everything in between, we have the solution.

Why choose it?

  • Residential – You are buying a property to live in as your main residence.
  • Re-Mortgage – You want to stay in your property but re-mortgage your current deal to get a better interest rate and/or borrow more money.
  • Buy To Let – You are buying a property to rent out to someone else as an investment and/or earn an income or re-mortgaging the finance already on it to improve your income.
  • Guarantor – A parent or close family member guarantees the mortgage so if the buyer misses any repayments the guarantor will cover them.
  • HMO – Buy to Let mortgages where lenders will accept houses in multiple occupation as acceptable lending security.
  • Non-standard construction & property mortgages for properties of non traditional wall and/or roof construction such as cob, glass, metal and thatched roofs.
  • Self-build Mortgages – You want to raise funds to build your own house

 

Mortgages are available with Fixed and Variable Rates, Discounted, Tracker, Capped rate and even Offset. We are independent and offer whole of market advice.

What is it?

A second charge mortgage (also known as a second mortgage or a secured loan) is a loan secured on your home (or investment property). They are called second charges because they have secondary priority behind your first mortgage (first charge) when it comes to repaying the loan. Often used as an alternative to remortgaging, they are a great way to raise funds for a wide range of purposes.

Why choose it?

  • Change in credit rating – A drop in credit rating could mean you would have to pay more interest on your whole mortgage (as opposed to just the additional borrowing) if you were to remortgage. By taking out a second mortgage for the extra borrowing and leaving your first mortgage untouched, you could save a great deal
  • Early repayment charge – If your current mortgage is subject to a high ERC, you could save money by taking out a second charge instead of remortgaging
  • Self Employed – Second charges can be a great option for clients who are self employed and therefore struggling to obtain mainstream unsecured borrowing i.e. a personal bank loan
  • Time – Second charges can often take a lot less time to complete than a standard remortgage and there are usually no upfront fees to pay

 

We are independent and offer whole of market advice.

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

EveryStep Financial

EveryStep Financial