Mortgages
Chase Mortgages can source suitable products for you, whether it is a "Buy-to-Let" purchase, a re-mortgage or a "Let-to-Buy" process, and regardless of whether you are a first time or professional property investor.
We have access to every lenders products, both those commonly available as well as numerous "special" deals not available directly from the lender.
Buying your first Home
If this is the first time you have bought a property,then the vast choice of mortgages can often seem bewildering and raises all manner of questions such as:
- can I get a mortgage
- how much can I borrow
- how much will it cost - deposit, monthly payments, fees and other charges
- which lender is the most suitable for me
- can my mortgage be agreed in principle before I find a property
- how do I find a suitable solicitor
- what insurance(s) do I need
We at Chase Mortgages understand all these concerns and can guide you, in an easily understandable way with unbiased, informed and personal advice, from your initial enquiry through to completion of your first home.
Indeed many of our clients started as first time buyers and now have moved house several times and often also have built up successful property portfolios.
Moving to a new home
There can be many reasons for wanting to move home, but whatever the reason, it is an ideal time to re-consider your options.
For example:
- You may wish to keep your existing main residence, let it out (let to buy) and purchase a new main residence - an ideal way to start a buy-to-let property portfolio
- Do your changing circumstances require a change in the type of mortgage product you require - perhaps with a bigger mortgage your would prefer to fix your monthly payments, or perhaps introduce additional flexibility to pay off part of the loan from time to time, or offset savings against the loan.
- If you are selling your current property, can you take your existing mortgage with you and avoid, often costly, early repayment charges - what happens if you want to borrow more, or less than the existing mortgage
- Are you thinking of building your new home
Moving home, for any reason, can be very stressful and there may be options open to you that you have not considered.
Whatever the situation, we can advise in a professional, independent and understanding manner.
Buy-to-Let
As professional landlords ourselves, we have a vast amount of knowledge on buy to lets that we are happy to freely share with you. A key issue, where many potential landlords can experience difficulties, is in understanding lenders rent requirements. There can also be issues surrounding the type of property, deposit requirements, and other criteria which vary from lender to lender. So whether you are entering into the buy to let market for the first time or you have one or a portfolio of properties you want to make more profitable, we are here to help
Re-mortgaging
Are you looking to re-mortgage your home or investment property?
What is your aim:
- secure a better interest rate
- a new type of scheme to meet your changing circumstances - from a variable tracker to a fixed rate, or perhaps to a flexible offset
- coming to the end of a preferential rate deal
- raise finance for home improvements
- raise finance to clear your debts
- provide a deposit for a buy-to-let property purchase
Whatever your requirements, we can advise you on suitable options and schemes available to meet those needs.
Unusual Circumstances
- Builders or family gifted deposits
- More than two applicants
- Homeowner loans secured on the property (second mortgage)
- Unusual property type, non standard construction or properties above commercial premises
- Limited refurbishment or self build loans
- Commercial mortgages
Think carefully before securing other debts against your home. Your property may be repossessed if you do not keep up repayments on your mortgage.
For mortgages we may charge a fee (see below) in addition to commission received from the lender.
A fee based on the size of the loan (see below):
- £295 for mortgages over £150,000
- £345 for mortgages £100,000 to £150,000
- £395 for mortgages under £100,000
The fee is only payable when the mortgage completes.
As a alternative we can work on a pure fee of 1% of the loan. For example a fee of 1% of a loan of £100,000 would result in a fee of £1,000. Please ask for a personalised illustration.
The FSA do not regulate personal loans or some forms of mortgage. Commercial mortgages are not regulated by the FSA or arranged via Sesame.