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Residential Mortgages for Home Movers

If you're planning to move home, our mortgage advisers can guide you through the whole process

We can compare from a wide range of lenders to ensure we choose the best mortgage for your needs

We'll be with you every step of the way to save you any unnecessary stress & hassle

Diane is concise, patient & pleasant to deal with and I would not hesitate to mention her name to one of my peers

 

 

What is a residential mortgage?

 

A residential mortgage is a type of loan designed to help the borrower purchase a house, using the property as security against the loan.

The mortgage is a loan secured against the property which you then pay back in monthly installments over an agreed term with interest added. These details can be personalised to suit your needs & budget.

How much of a deposit do I need?

 

When you take out a mortgage, you’ll need to pay a percentage of the property value up front as a deposit, and then borrow the rest.  Most Lenders require a minimum deposit of 5% of the property value or purchase price, whichever is lower.

Types of residential mortgage

 

Interest is charged on mortgages in three different ways, depending on the type of mortgage product you choose.

Fixed Rate Mortgages

With a fixed rate product, the rate of interest you pay is fixed for a set term (most commonly two, three or five years). This means you can budget properly, knowing that your monthly payments will remain the same amount for your chosen term.

Variable Rate Mortgages

With a variable rate mortgage, you’ll pay what is referred to as the lender’s standard variable rate (SVR), which changes monthly at the discretion of the lender, tracking general economic changes in the country and in the lending market.

Tracker Mortgages

The interest rate you pay when you take out a tracker mortgage will vary monthly as well but will directly track changes in the Bank of England base rate, staying a set percentage above it during the tracker rate period.

Why do I need a mortgage adviser?

 

Our Mortgage Advisers work with you every step of the way to make the mortgage process straightforward, saving you time and effort on one of life’s biggest decisions.

Going directly to your bank limits your options and opportunity of getting the best deal for you. With so many different types of mortgages available, applying for one can be a confusing & stressful process.  Diane Wright Financial Services has access to hundreds of products and can quickly find you the ideal mortgage for your needs.

By expertly dealing with each lender on your behalf, this ensures an efficient application to obtain your mortgage offer as quickly as possible.

Our aim is to save you time, hassle and money.

Whether its a First Time Buyer mortgage, a remortgage or a complex mortgage you require such as Self Employed Mortgage, Contractor Mortgage or Buy to Let Mortgage, our experienced Mortgage Brokers can source the best product which meets your needs

Your dedicated specialist adviser will take you through the whole mortgage process from offer and application to completion, organising the mortgage and sourcing the best conveyencer, solicitor and surveyor for your requirements

Book a free, initial appointment today to discuss your situation, your plans & to get the process started.

Your property may be repossessed if you do not keep up repayments on your mortgage. Diane Wright Financial Services charge a non-refundable mortgage arrangement fee of between £99 and £399 when an application is submitted to a mortgage lender for you. Your adviser will agree the arrangement fee with you before commencing any chargeable work. The actual amount payable will take account of your financial circumstances, the complexity of borrowing requirements and the amount of work required to fulfil your needs.
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