Help to find the mortgage that’s right for you. And help to make your application run more smoothly.
It’s enough to make your head spin. Fixed, variable, capped, cashback – even choosing a mortgage can be confusing, and that’s before you start applying.
Getting a mortgage remains one of the trickiest aspects of buying a property, but having a mortgage agreed in principle can help your search move a lot quicker – and even help you negotiate a better price.
Locate’s specialist mortgage advisors can help. Whether you’re a first time buyer, remortgaging or buying to let, they can help you find a mortgage that’s affordable, and give you lots of advice to help make a successful application more likely.
How much can I borrow?
Talk to our mortgage experts for a clear understanding of how much banks are likely to lend you. Contact us here.
Current mortgage deal coming to an end? Want a better rate? Does a change of circumstances mean you need to remortgage? Locate’s independent mortgage partners can help you find the right product at the right price.
And because we can search the whole mortgage market (unlike many advisors and online sites) we can pick the best deal from the broadest possible choice.
Buy to let
Property investment needs financing, and one way of doing that is with a buy to let mortgage. Lenders are typically warier of buy to let mortgages – especially if you already have a mortgage on your own home – so rates tend to be higher and lenders require greater assurance that you will be able to pay your mortgage, even if the property sits empty for a while. For this reason, lenders will expect:
A 25% deposit
Rental income to be at least 125% of the property’s mortgage value
If you’re new to property investment, don’t make a decision until you’ve sought expert advice.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE