We dedicate a portion of our time to building relationships with lenders, doing so means our team always has access to new and exclusive mortgage products. We work closely with these lenders to understand their offerings, and this enables our brokers to match these exclusive products to the needs of our customers.
Borrow up to 6 times your income
We now have access to an exclusive mortgage product that’s available to anyone, not just professionals. The product allows you to borrow up to 6x your income on a fixed term being the length of the mortgage. So whether your mortgage length is 11 or 40 years, the rate you will pay will remain the same.
You also have the ability to make overpayments of up to 10% each year of the original mortgage amount taken, not based on the mortgage balance outstanding at the start of that year.
There are Early Repayment Charges for the duration of the term, however, these are waived if you are selling the property or redeeming it in full (i.e. with inheritance or bonus). The ERCs are only payable if you are remortgaging away from the lender.
These products are also available to people with a less than perfect credit history, as long as there have been no missed payments within the last 24 months.
The only requirements are;
i) If employed, you will need to have been with the same employer for a minimum of 12 months
ii) If self-employed you will need the last 2 years’ tax returns, and they will take either the lowest of the last 2 year’s average or the latest year.
If you would like to discuss options available to you, speak to a member of the team or our senior broker, Danny O’Keeffe on 0208 364 3444 alternatively schedule a call back by clicking on the button below.