When looking for a mortgage, the first thing you may think about is whether you should use a mortgage broker, or go directly to the lender. A mortgage broker is an expert who acts as an intermediary between you and the mortgage lender. Using a mortgage broker is becoming increasingly popular as the market gets more competitive and there are several advantages of using a broker.
We’ve put together a list of reasons you may want to consider using a mortgage broker.
A shared ownership mortgage is a government-supported scheme, designed to help you get onto the property ladder. Shared ownership gives first-time buyers or those that do not currently own a home the chance to purchase a share in a new build or resale property
With the cost of living increasing, so are the number of people considered to be on a low income. Our money just isn’t stretching as far as it used to, so it can be difficult to look towards getting a mortgage. There is also a misconception that a full-time salary is needed to get a mortgage – we are here to tell you differently. So whether you are on a trainee’s salary, working part-time, or supplementing your income with benefits, there could still be several options for you to consider.
The Money Saving Expert has recently described mortgages to be ‘A ticking time bomb’ – but what does this mean? And how can you protect yourself from what’s to come? With the cost of living on the rise, Martin Lewis held a show, on Tuesday 24th May, focusing on and highlighting the ever-worsening cost of living crisis, which touched on everything from energy bills, to holiday costs, before warning mortgage holders, and those looking to get one in the near future.
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If you're unsure and need some advice just give us a call, our expert team of advisers are available to help you choose the mortgage that is right for you.
TaylorMade Finance Ltd is authorised and regulated by the Financial Conduct Authority.
Where you have a complaint or dispute with us and we are unable to resolve this to your satisfaction then we are obliged to offer you the Financial Ombudsman Service to help resolve this. Please see the following link for further details: http://financial-ombudsman.org.uk
Your mortgage will be secured against your property.
Your home may be repossessed if you do not keep up repayments on your mortgage.
A fee of up to 1.95% of the mortgage amount, subject to a minimum fee of £1,295 and an overall maximum fee of £2,995 payable on completion.