MORTGAGES
We have been assisting clients with their mortgage applications for many years now and understand how vital it is to take as much stress out of the process as possible. As Whole of Market advisers for 1st charge mortgages*, we aim to find you a suitable provider based on your personal and financial circumstances and guide you through the process.
THE BUYING PROCESS
STEP 1
Contact us so that we can discuss your requirements, check your affordability and arrange an agreement in principle with the most appropriate lender.
STEP 2
Register with one or more estate agents.
STEP 3
Find a property and make a formal offer ‘subject to contract’.
STEP 4
Let us know as soon as you have made your offer so that we can complete an application with the chosen lender. We will help you through the entire application process, including making sure all the required documents are completed, sent off promptly and regularly chased.
STEP 5
Instruct a solicitor. We can organise this for you.
STEP 6
If any problems are identified during the process, we will assist in any way we can to rectify these. An example would be that additional reports are needed following the survey of the new property whereby we would help you instruct specialists to write reports for you
STEP 7
Once you receive your mortgage offer, we will contact your solicitor to make sure that all of the searches are being carried out and that a contract is being drawn up for you to sign.
STEP 8
We will research appropriate insurances to cover you, your family and new home.
STEP 9
The solicitors will ask you to pay your deposit to them in readiness of exchange of contracts.
STEP 10
Exchange contracts – you are now committed to buying. At this stage we will ensure that your life insurance and buildings cover is in place.
STEP 11
Ask your solicitor for a completion date, i.e., the date on which you move into your new home.
STEP 12
On the day of completion, the estate agent will ring you to arrange collection of your keys and move in! Your contents insurance should now be in place.
FIRST-TIME BUYERS
Buying your first home can be quite daunting. Our aim is to help you understand how much you can borrow, how much deposit you will need, work out your budget and your monthly affordability, recommend the best deal for your requirements and ensure that you understand and feel part of the whole process. We can also help you find a firm of solicitors for your legal work and we will liaise with your estate agents if necessary.
MOVING HOME
It can be a stressful time when you move house, therefore we aim to make the process as easy as possible for you. We will advise you on how much you can borrow, the costs involved with moving and complete the application process for you. We will chase the estate agents if necessary and liaise with your solicitors to give you one point of contact and regular updates with regards to the chain so that you can be in your new home with the least hassle possible.
REMORTGAGE APPLICATIONS
With access to the whole market, we offer a fast and hassle free remortgage service. Whether you are currently on your lender’s standard variable rate or coming to the end of your fixed/tracker rate, we will ensure you move onto the best deal for your circumstances. We can also help you raise funds for home improvements, debt consolidation or to simply reduce your monthly payments. Whatever your situation, we can take care of the whole application process for you.
BUY-TO-LET
As with all other mortgage types, we have years of experience when it comes to Buy to Let mortgages whether you own one let property or are a portfolio landlord. Not only will we help you find the right mortgage lender and product to meet your needs, but we will also consider any taxation implications for you and point you in the direction of an accountant if you do not already have one.
LET-TO-BUY
Let to Buy mortgages can be useful if you want to move home and either want to keep your existing property to rent out as an investment if you are struggling to sell the property or you simply do not want to get stuck in a chain! Banks and building societies view Let to Buy mortgages in different ways so we will guide you through the process to make sure that you have the correct product in place to allow you to move on.
The Financial Conduct Authority does not regulate some forms of buy-to-let mortgages.
As a mortgage is secured against your home or property, it could be repossessed if you do not keep up the mortgage repayments.
*Porters Financial Ltd is not authorised to advise on 2nd charge mortgages.”
Innovation Centre Highfield Dr, St Leonards, Hastings TN38 9UH
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