Confused about mortgages? Unsure as to what your options are? Or do you just not know where to start?
Marie Holmes Estate Agents are here to help!
We are proud to partner with MJW Mortgage Advice, a mortgage broker based in Preston, providing professional, tailored mortgage advice to suit a wide range of individual circumstances.
With over 20 years’ experience, they pride themselves on giving customers honest, trustworthy, straight-talking mortgage advice, without the outdated sales approach often associated with the industry.
First Time Buyer Mortgages
First Time Buyer mortgages are for those individuals who have never owned a property in the past or in the eyes of some lenders, those that have not owned a property in the previous 3 years.
Is a First Time Buyer mortgage right for you?
First Time Buyer mortgages are for those individuals who have never owned a property in the past or in the eyes of some lenders, those that have not owned a property in the previous 3 years.
Typically, the minimum deposit required by a First Time Buyer is 5% of the property value. This being said, First Time Buyers will improve their chances of obtaining a mortgage and are likely to secure a better deal with a 10% deposit.
The Government and Local Authorities have in place a range of Affordable Housing schemes including the likes of Shared Ownership, First Homes, and the Mortgage Guarantee Scheme that are designed to assist first time buyers to get on the property ladder.
Home Mover Mortgages
If you are wanting to upsize or downsize your property, we can help you every step of the way by making the process as simple and stress free as possible.
Find the right Home Mover mortgage for you
If you want to upsize to a bigger home or even downsize to a smaller property, there may be multiple options available that can make the process easy and stress free. With a Home Mover Mortgage, it may be possible to transfer your existing mortgage to your new property, or alternatively, arranging a new mortgage may be more suitable and could potentially save you money.
Remortgaging your home
People Remortgage for many different reasons, we are here to help you make sure it is the right decision, and get you the right deal.
Is a Remortgage right for you?
Remortgaging in simple terms is when you switch from one mortgage lender to a new mortgage lender. There are many reasons why you might want to consider a Remortgage, for example you may want to borrow additional money to complete those much-needed home improvements or more commonly you could just be looking to secure a better mortgage deal.
An important point to note is that a Remortgage is different from a Product Transfer. A Product Transfer is when you are simply switching to a new deal with your existing lender. Both options can be a good way to find lower interest rates and better mortgage deals.
Buy to Let Mortgages
A Buy to Let mortgage is specifically for people who are wanting to invest money into buying a property to rent out to tenants.
What is a Buy to Let mortgage?
A Buy to Let (BTL) mortgage is specifically for people who are wanting to invest money into buying a property to rent out to tenants.
BTL mortgages are very similar to standard mortgages, but there are some important differences. Some of these differences include, mortgage related fees and interest rates are usually higher and the minimum initial deposit required is more, typically 25% of the property value.
The amount you can borrow on a buy-to-let mortgage is usually based on the rental income the property is expected to generate. Lenders will typically require the anticipated rent to cover a minimum of 125% of the monthly mortgage payment, although this can vary depending on the lender and your individual circumstances.
Legal
Marie Holmes Estate Agents and MJW Mortgage Advice Limited are separate legal entities. MJW Mortgage Advice Limited provides mortgage and insurance advice only.
The information given in this website does not contain all of the details you need to choose a mortgage. Make sure that you read the separate key facts illustration before you make a decision. The FCA does not regulate some forms of buy to let mortgages and bridging finance.
Equity release refers to home reversion plans and lifetime mortgages. To understand the features and risks ask for a personalised illustration.
If you have a complaint or dispute with us, you are entitled to make a complaint. We have a complaints procedure that is available on request. If you wish to register a complaint, please contact us either in writing, by telephone or email. Please be assured we treat complaints seriously. For your protection if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service (FOS).
MJW Mortgage Advice Ltd is an appointed representative of Sesame Ltd which is authorised and regulated by the Financial Conduct Authority.
FCA Register No 712323. Registered in England and Wales. Registration No: 9684180. Registered Office: 619 Blackpool Road, Preston, United Kingdom, PR2 1LH Calls may be recorded for training and monitoring.
Mortgage Calculator
*This mortgage calculator is provided for general information purposes only. It's intended to provide you with an estimate of your potential mortgage payments and does not constitute an offer of finance or advice. The calculations are based on the information you provide and do not take into account your individual needs and circumstances.
The calculator does not include all the costs you will need to pay when taking out a mortgage. Your actual mortgage payments may be higher or lower than the estimates provided by this calculator. The interest rates used in the calculations are subject to change and may not reflect the actual rates available in the market.
Please note that the calculator does not consider changes in interest rates over time, early repayment charges, or any other fees and charges that may apply to your mortgage. You should always seek professional advice before making any financial decisions.
Remember, your home may be repossessed if you do not keep up repayments on your mortgage.