How can I help?
First Time Buyers
Buying your very first home is one of very few milestones that can leave you feeling delighted and daunted at the same time and the most important purchase decisions you will ever make, financially and emotionally.
Having helped many first time buyers secure their dreams homes, I know just how important it is to ensure you’re equipped with straightforward advice to make the right decision for your future. Mortgages are complex, and as they say, “you don’t know what you don’t know”. You may well get a mortgage from your bank, but is it the right deal for you? If ever you need whole of market advice, the first time is the right time, and that’s where I can help.
Bad Credit
If you currently have bad credit, I understand how disheartening it can be trying to secure a mortgage with poor or adverse credit; it’s certainly not impossible and we can make the impossible, possible.
We have developed strong relationships with lenders who specialise in bad credit applications and who understand that life today is just not that simple for some. I will take the time to understand your unique situation and arrange a suitable mortgage product that you’re unlikely to find direct.
Some bad credit mortgages do have higher-than-average rates and you may also need a larger deposit. However, in recent years we have witnessed a surge in very good deals for people suffering from adverse credit, as some lenders look beyond your credit score considering a multitude of factors, such as income, outgoings and financial situation.
Remortgage
When you remortgage, you are switching your mortgage to another deal, and frequently, another lender. Remortgages can be used for various reasons; however, most people simply switch mortgages because it works out cheaper for them. For example, the introductory discounted interest rate may have come to an end with your current lender; therefore you could potentially get a new discount rate, or a lower rate with another lender. Another example is when you may need to remortgage to consolidate debts or ease regular bills such as credit card repayments.
Buy To Let
As the Buy To Let (BTL) mortgage market continues to evolve, the rules can be rather tricky to navigate, especially for those entering this buoyant property market for the very first time. When purchasing Buy to Let's you can do this as an individual or as a limited company. The main considerations for a lender in determining whether your application would be successful might be:
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Rent potential - The decision as to whether or not a mortgage will be offered is usually based on the rental income receivable and the length of any tenancy agreement. In some instances, earned income is not taken into account and in others it may be used as an additional income stream when there is a shortfall in rental income being received (top slicing).
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Whether you are identified as a Regulated BTL client.
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Whether you are identified as a Consumer BTL client or a Portfolio Landlord.
The Financial Conduct Authority does not regulate on Buy to Let Mortgages.
Protection Plans
Quite often you hear ‘it’ll never happen to me’ or ‘I’ll get it sorted out later’ but there’s probably not going to be a better time than now.
The old saying “failing to plan is planning to fail” sums it up pretty well. Creating Mortgage Solutions are an advice led firm and subscribe to the view that, having assisted with the mortgage advance being made available to you, I have an obligation to ensure that it is affordable and that you have the means with which to maintain affordability no matter what bumps in the road might come your way.
There are many types of protection policies to choose from, but finding the one that provides adequate cover is not as easy as it may seem, especially if you’re seeking complete peace of mind. Whether you’re simply looking to protect your valuable assets or find a protection policy that pays out regular income in the event of illness, redundancy or anything else that prevents you from being able to earn, I can help you find the policy that best meets your requirements, and advise you honestly and fairly.
New Build Properties
If you're looking for support throughout all the stages of your new build purchase, I can help.
It’s understandable why aspiring homebuyers want to move through the stages quickly and efficiently. It allows individuals, couples and families to start planning their future and taking control of their lifestyle, but many builders and developers are just as dedicated to ensuring a swift and smooth sale process. Builders require confirmed sales to manage their schedule and cash flow, and the new build sector as a whole is now demanding an exchange on purchase within as little as 28 days from the offer being accepted.
Later Life Lending
Later Life Lending, a bit of a generic term that means borrowing money, secured against residential property, past normal retirement age for various reasons.
The two main processes for achieving this are Equity Release Loans and Retirement Interest only Mortgages (RIO). We will refer any Equity Release enquiries to a qualified advisor. Whilst there are many differences between the two, the big ones are these: -
1) Equity Release (ER). The amount you can borrow is based on the value of your property and age at the time of application, not your income. You can, but do not have to, make monthly payments and the debt is usually settled from the value of the property when you either go into care, or die. This is referred to a qualified mortgage advisor.
2) Retirement Interest Only (RIO). Borrowing against the value of your property beyond your normal retirement date. The amount you can borrow is based on both the value of your property and your income in retirement. In general, you must make monthly interest payments to the lender. The market is still changing and after reaching a certain age, interest roll-up may be allowed with some select lenders. The debt must be repaid at end of term. Converting to ER is a consideration at that time.
The bank of mum or dad (or gran and grandad)
Families want to help their children onto the property ladder. It is difficult nowadays to save whilst renting, house prices are high, high percentage mortgage loans are not that easy to come by and building up that necessary purchase deposit, can take a very long time.
Or maybe you just want them out of your house!
Improved, more flexible, and fairer competitive products, mean later life lending is now a growing market and worth considering. Help your children or grandchildren to buy their first home. You will be surprised at what is now achievable. You were probably going to leave them the money anyway, so why not check out what you can do now.
You can still use the products for other reasons, boosting your own retirement income, paying off your mortgage to stop that monthly outgoing, or even to buy a holiday home. Your equity, your choice, we can help with our qualified advisers.
Equity Release will reduce the value of your estate and can affect your eligibility for means tested benefits.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.