Most Buy-to-Let Mortgages are not regulated by the Financial Conduct Authority.
Think carefully before securing other debts against your home. Consolidating debt may reduce your outgoings now, but you may end up paying more overall.
Your home may be repossessed if you do not keep up repayments on your mortgage.
We are experienced mortgage brokers providing reliable, professional services across the UK. Take the stress out of finding your mortgage by contacting Logical Mortgage Solutions.
A remortgage is a new mortgage on a property where you are already paying a mortgage. It can be an excellent way to save money on reduced mortgage payments, or give you greater flexibility. A common reason is that a fixed rate deal has ended, and you are on a more expensive standard variable rate. If you plan to do this, start searching for your mortgage deal at least three months before your current deal is about to end.
BUY TO LET
We offer mortgages of all kinds, including buy-to-let mortgages. We are able to track down the best deal for individuals and limited companies. Many people are choosing to invest their savings into property, and by buying a property and renting it out, you can keep the property and make money at the same time. There are some differences between a buy-to-let and a residential mortgage, such as higher deposits and interest rates. Trust us to guide you through the maze.
FIRST TIME BUYER
Every first-time buyer needs to know how much they can borrow, and this will depend on your circumstances, including your income and expenditure. We can help you navigate the whole process, from working out how much you can borrow to making a formal application. How much you will need to pay per month will depend on a variety of factors, such as how much deposit you have and how long you have to pay off your mortgage.
There are a couple of mortgage options when moving house. Many choose to pay off the mortgage on their old home and then take out a new one. However, it may be better value for you to transfer your existing mortgage, known as ‘porting’ your mortgage. You will need to check if your current mortgage allows you to do this, and whether you will be able to get a better rate. Fortunately, we can help you decide.
If you are looking for a specialist mortgage, we have the knowledge and experience to help. Specialist mortgages are for those who don’t meet the usual lenders’ criteria, and this may be for a number of reasons:
At Logical Mortgage Solutions, we have access to lenders who may be able to help, dependent on your circumstances, and lenders’ criteria. Contact us today.