Mortgages

Times are not easy for those struggling to put together a deposit and gain a mortgage on their first house.

But all is not lost! At Attfield James, we can guide you through the process of finding a mortgage, and get you a great deal from the mortgage lenders we work with.

If you’re moving home, perhaps you’re upsizing to a larger property. If so, there’s an important question you have to ask: is it better to increase our current mortgage, or to seek a brand new deal?

We could help you increase your current loan, or get you a new mortgage loan, and we can also advise you on the hidden costs of moving. When you add up stamp duty, solicitor’s fees, estate agent’s fees and removal costs, it doesn’t take long to add 10% or more to the total cost!

Could you be paying more than you need to on your existing mortgage? This is a question many people simply forget to ask. We can check and compare deals for you, with no obligation to take things any further.

We’re experienced at dealing with mortgage companies and we know how to negotiate a better rate on your behalf. Whether we guide you towards a better deal with your existing lender, or sort you out with a new deal with someone else, a chat with us could be the most profitable hour you spend this year!

Buy-to-let mortgages are what you need if you are – or would like to become – a landlord who lets their property out.

However, there are some crucial differences to the ‘standard’ home mortgage, which we can explain to you. It’s also important to remember that if you’re depending on selling the property in the future, there are a few important issues to consider.

Please note that some types of buy-to-let mortgages and commercial mortgages are not regulated by the Financial Conduct Authority.

Self-build mortgages

A self-build mortgage is a loan you take to finance land purchase and the cost of building your own house. It’s different to conventional home mortgages in that you don’t get the funds all at once. Instead they are released to you in tranches as your building project progresses.

Lenders do it in this gradual fashion to ensure you don’t overspend at the beginning of the project, and then find you’re out of cash halfway through.

Commercial mortgages

The commercial mortgage is specifically designed for buying land or an existing property that is to be developed for business purposes. However, this is a specialised arrangement and there are no ready-made options available ‘off the shelf’. We can advise you and undertake the complex job of comparing rates for the various commercial mortgages available.

Funding for development

Have you ambitions to become a property developer? If you’re keen to locate and buy a property, and then increase its value by renovating, refurbishing or redeveloping, we can advise you on the various mortgage options and bridging loans that are available.

Self-employed mortgages

If you are self-employed, your annual earnings might feel hard to pin down. They might also fluctuate from year to year. The good news is that, providing you can show that you normally have enough annual income to make repayments, getting a mortgage is usually not a problem.

Lenders have a much better understanding, and a more welcoming attitude to self-employed applicants than they once did. And of course, with Attfield James negotiating on your behalf, you’re one step ahead!