Award Winning Mortgage Advisors Basingstoke

How long the mortgage process takes will depend on whether you are remortgaging or buying a property. We always advise if you are remortgaging, to start this process 6 months before your current mortgage deal ends as this will give you the flexibility to obtain a better interest rate if interest rates decrease or if interest rates increase, you can still stick with the lower interest rate. You will have the best of both worlds.

If you are purchasing a property this process can depend on if you are a first-time buyer or moving home. The more properties being sold and purchased in your chain, the longer this can take. On average house purchases currently take anywhere from 8 – 14 weeks.

If your credit file is imperfect, including; County Court Judgements (CCJ’s), Defaults, Missed Payments, Bankruptcy or Debt management Plans all hope may not be lost. Our award-winning mortgage advisers can work with you on a suitable plan to make homeownership a reality. check out our bad credit mortgage page for further information.

How much deposit you need will depend on your circumstances and the options available. Banks and Building Societies all have different lending criteria and factors such as age, credit status and employment status will play a part in determining their mortgage offer and how much they will be willing to lend to you.

Banks and Building Societies will also assess the property you want to buy and consider the property’s age and type when considering the required deposit size.

Usually, the minimum deposit is 5%. However, if you are currently renting and have been for at least 12 months, please read our guide on how a 0% deposit for renters could benefit you or contact us for further information.

Contact one of our mortgage advisors Basingstoke, who can discuss the exact deposit you will need.

We don’t just provide mortgage advice to Basingstoke. We generally provide our award-winning mortgage advice Nationwide.

We suggest seeing a mortgage advisor as early as possible in your mortgage journey. A mortgage advisor will be able to tell you your borrowing capacity and what type of mortgage products are best for you, considering your goals and any issues that could come up further down the line. Not only will this save you time it could also save you money. For further information contact us.

All of our initial mortgage advice is fee free. We may charge a fee for processing the mortgage for you, and the fee will be determined by your circumstances. The fee will never go over 2% of the loan amount or £1,295 which ever is higher.

Yes, you can get a mortgage if you are a sole trader or a limited company director. Just like someone employed, your credit file is looked at in the same way. Generally, if you are a sole trader, then the lender will look at the last 2 years’ tax returns (if you only have a tax return for 1 year, we can still help) and if you are a limited company director then your salary and dividends for the last 2 years are taken into account or we can use your companies net profit if you have limited your dividends (again if you have accounts for just 1 year, we can still help).