Range of mortgages available
At 786 Mortgages, we have access to a wide range of banks, building societies, specialist lenders and insurers across the market and understand that choosing the right mortgage deal from complex mortgage schemes, lenders and changing rates should be hassle free.
So, our supportive team will offer a service dedicated to your needs and circumstances.
First Time Buyers
If you are looking to purchase your first home and never owned a property before, you are classed as “First time buyer”. This could be an exciting decision to purchase first home as well as daunting for many because this can be one of the biggest financial commitments you can make.
As first-time buyer, you must have at least 5% deposit of the property value. You may be able to get better deals if you put down higher deposit. Deposit can also come from parents or other family members. Most lender can lend from 5 years to 40 years, and you can make overpayments (subjected to lender permission) to finish it off early.
At 786 Mortgages, we assist you on every step of the home buying process and make the journey stress free. We have access to the whole of the market and from the range of the products, we aim to find you the most suitable mortgage deal available for your circumstances.
Re-mortgaging
If you are coming to the end of your current mortgage deal, you may be reverted to standard variable rates (SVR) which are often higher rates and leading to higher monthly repayments. Re-mortgage means you may be able to save money and have lower rates if you switch your mortgage to a new deal with the same lender or new one.
Re-mortgage may also allow you to borrow additional money on top of the outstanding mortgage amount subjected to lender’s criteria. The additional borrowing can be used for home improvements or debt consolidation.
It is important to discuss the right options and the risks with the advisor.
Buy to let
A buy to let mortgage allows the buyer to invest in the property to generate regular income from renting the property out to someone else. Whether you are considering first buy to let or adding property to an existing portfolio, we will ensure that you will have the best advice and support from start to end.
For buy to let, you must have at least 25% deposit which can come from your own savings or gift from family members.
“Some forms of Buy to Let mortgages are not regulated by the Financial Conduct Authority”
Home Mover
A type of the mortgage when you decided to move from your existing property to a new one.
Moving home can be stressful but at 786 Mortgages we will make sure that you have the right level of advice on the mortgage suitability.