MOVING HOUSE
FIRST TIME BUYERS
RE-MORTGAGE
BUY TO LET
HELP TO BUY
SHARED OWNERSHIP
SELF BUILD
EX-PAT
SECURED LOANS
BRIDGING FINANCE
EQUITY RELEASE
CALCULATORS
MOVING HOUSE
Whether you are moving to a bigger property, downsizing or relocating, you have enough to worry about without trying to find your way through the maze of hundreds of mortgage lenders and thousands of deals. Which is where we can help. It is also a good idea before you commit to have a clear understand of your costs.
FIRST TIME BUYERS
If you’re buying your first home money can be tight, it can also be a confusing and stressful time. We can explain the process simply and help you fully understand how much you can borrow and how much it is going to cost you. We will make sure you have the right mortgage product that meets your circumstances, saving you time and helping to make this exciting time in your life enjoyable.
RE-MORTGAGE
This is when you switch your mortgage from one lender to another either to get a better rate of interest or if you are looking to raise money for a new car, home improvements, buying a 2nd property or debt consolidation. You should review your mortgage regularly to make sure it’s still the best deal for you and by doing this it can save you a lot of money over your mortgage term.
BUY TO LET
Buy to lets can be a great form of long term investment, especially with interest rates still at record lows. So if you are planning your first or have an existing portfolio, we can help to maximise your returns by ensuring you are on the most cost efficient mortgage deal. Please note, there is no guarantee that it will be possible to arrange continuous letting of the property, and that rental income will be sufficient to meet the cost of the mortgage.
* Some forms of Buy to Let are not regulated by The Financial Conduct Authority
HELP TO BUY
Help to Buy Equity Loan: Available to first time buyers only on new build properties. The government provides up to 20% of your deposit as an equity loan to add to your min. 5% deposit and you take a mortgage for the remaining. The equity loan is a loan you will have to repay to the government in the future, but its interest free for the first 5 years.
Help to Buy London: As above but with the options to take a large equity loan of up to 40%.
Terms & Conditions apply. These may change and the schemes may stop at any time
SHARED OWNERSHIP
These type of mortgages are used to buy properties under Homebuy (shared ownership or part buy, part rent) or the new Help to Buy scheme. Generally to take a mortgage to buy a percentage of the property and pay rent on the remainder. These schemes are great to help get people on the property ladder or maybe looking to move, however finding a mortgage can be more difficult as these mortgages are not offered by all lenders, so seeking expert advice is essential.
Terms & Conditions apply. These may change and the schemes may stop at any time.
SELF BUILD
A self-build mortgage is a home loan taken out to finance the building of your own home. When you take out a self-build mortgage the money is paid out to you by the lender in instalments once you reach certain stages of the build process, with an initial loan to buy the land. As house prices have increased over the years this has become a more popular option for those interested in building their own “Grand Design”.
EX-PAT
Currently there are a number of lenders and schemes available that allow UK Nationals currently living and working abroad to take out a mortgage to buy a property back in the UK, either as an Investment to rent out or as a UK base or 2nd home. As this is a specialist area finding a mortgage can be more difficult as these mortgages are not offered by all lenders, so seeking expert advice is essential.
SECURED LOANS
A secured loan is a 2nd, or subsequent charge, designed for homeowners which allows the equity in their property to be used as security. Funds can be used for most purposes and there are often no ‘up-front’ fees to find. A secured loan can offer an additional solution when considering the most appropriate route for your borrowing needs.
We do not deal with these directly but instead act as a 3rd party with a specialised Master Broker.
BRIDGING FINANCE
This is a short term funding solution that can provide fast access to funding and which can be used for a number of different circumstances. A bridging finance loan will be secured against your property either as a first or second charge against new or existing property, or a combination of both. As long as you have a property which can be used as security you are eligible to apply.
We do not deal with these directly but instead act as a 3rd party with a specialised Master Broker.
EQUITY RELEASE
This is when you choose to release some of the funds (or equity) that have built up in your home since you bought it. It’s becoming an important part of future retirement planning and can be used to make your retirement more comfortable. With a lot of these schemes you don’t need to make any payments and the interested rolls up with the original loan to be repaid at death or if the property is sold.
We do not deal with these directly but instead act as a 3rd party with a specialised Master Broker.
YOUR HOME MAY BE REPOSSESSED IF YOU DO TO KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBT SECURED ON IT.
The Horsham Mortgage Centre Ltd is an appointed representative of The On-Line Partnership Limited which is authorised and regulated by the Financial Conduct Authority.
