Mortgage Adviser Cambridge

The choice of mortgage products available today can be bewildering and lender’s criteria can making finding the most suitable mortgage increasingly difficult.
MORTGAGE ADVICE

Professional Advice

Because a mortgage loan is secured against your property, it is considered to be lower risk than an unsecured loan. Therefore, lenders can offer more favourable terms, at a lower interest rate and over a longer period.

The main types of mortgages are: residential; second home; buy to let and equity release.

Different rules apply under different circumstances so arranging a mortgages can be a minefield and take a frustrating amount of time and energy. An experienced mortgage adviser will, therefore, save you a lot of time and money by finding you the most suitable mortgage product. 

Applying for a mortgage

Applying for a mortgage is normally a two-stage process.

The first stage involves a basic fact find to work out how much you can afford, and which type of mortgage suits your needs best.

The second stage is where your mortgage adviser will conduct a more detailed affordability assessment, and if they haven’t already requested it, gather evidence of your income, expenditure and understand where your deposit is coming from.

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