Mortgages
A property is probably the most expensive item you will ever purchase.
It is vital to receive qualified, professional advice to ensure you are getting the most suitable and cost-effective mortgage deal available.
Products
We have access to mortgage products from banks, building societies, specialist lenders and exclusive network deals from across the country.
Explained
We understand the mortgage market and will explain, at your own pace, what your options are and the most suitable solution for your needs.
Sourcing
We source our mortgages from across the market, using sophisticated software that displays thousands of mortgage deals instantly.
Your home may be repossessed if you do not keep up repayments on your mortgage
Mortgage application process
We want to make your purchase or remortgage with us stress free.
For every mortgage we handle for our clients, we personally take care of the whole process, maintaining continual communication with you, your lender, estate agent and conveyancer* to monitor the progress of your purchase or remortgage.
* if conveyancing is instructed through us.
Pre-application
Following our initial discussion, we will work with you to gather all the necessary information and documentation (see summary below).
We will then apply for your agreement in principle. This is an important document to show the estate agent, developer or Housing Association that you have the funds in place to make a formal offer.
Once we have your agreement in principle approved, we can apply for your mortgage.
Just prior to submitting your application we will ask you to confirm your conveyancer’s details.
Application
When the application has been submitted, we will liaise with the mortgage lender and their underwriter to ensure they issue your full mortgage offer promptly.
Your conveyancer will request disbursements (search fees) to start their process.
To ensure that the process progresses smoothly we will keep in regular contact with you. This also allows us to identify any issues that may arise.
We will discuss your protection needs to ensure your plans are set up and ready to go live when the contracts are exchanged.
Completion
We will be on hand to support you right through to completion.
Your protection plan will be placed on risk and the start date will coincide with exchange of contracts.
Your mortgage lender will write to you within 14 days of completion confirming your initial monthly mortgage amount and payment date.
We will contact you 3 months before your fixed rate comes to an end to discuss your remortgage requirements with you.
Types of Mortgage
If you are looking to purchase or remortgage your home, then there are many factors that will affect the number of mortgage lenders and products available. It is important that we discuss your requirements with you.
Mortgage types – these include Fixed, Capped, Discount, Variable, Tracker,
Loan to Value (LTV) – sometimes a small change to your deposit or equity can make a considerable difference to your mortgage rate.
The length of the mortgage term can also affect the amount of lenders available.
With so many factors that can influence the available products, it is vital you get advice.
It is important that we discuss your requirements with you.
Mortgage lenders offer specific Help to Buy (HTB) products.
These mortgage products all have different lending criteria. Where one lender might lend, another might not.
An affordability assessment will need to be completed to ensure HTB is a viable option to you.
Mortgage types – these include Fixed, Capped, Discount, Variable, Tracker
Loan to Value (LTV) – sometimes a small change to your deposit can make a large difference to your mortgage rate.
The length of the mortgage term can also affect the amount of lenders available.
With so many factors that can influence the available products, it is vital you get advice.
It is important that we discuss the property, deposit and options available to you.
Mortgage lenders offer specific Shared Ownership products.
The criteria relating to shared ownership mortgages varies considerably between lenders
An affordability assessment will need to be completed to ensure Shared Ownership is a viable option to you.
Mortgage types – these include Fixed, Capped, Discount, Variable, Tracker,
Loan to Value (LTV) – sometimes a small change to your deposit can make a large difference to your mortgage rate.
The length of the mortgage term can also affect the amount of lenders available.
With so many factors that can influence the available products, it is vital you get advice.
If you would like to invest in a property to rent or are remortgaging your current buy-to-let property, we can advise you whether you will need a consumer or business buy-to-let product.
We also offer Limited Company buy-to-let products.
If you have or are considering a holiday let, we can also handle this for you.
Please note that some forms of buy-to-let mortgages are not regulated by the FCA.
If you are thinking of letting your current residential property and buying a new home, then you may need a let-to-buy mortgage.
Please note that some forms of let-to-buy mortgages are not regulated by the FCA.
Contact us for more information.
We are able to refer you to our Master Broker panel for bridging finance.
For more information please contact us.
We are able to refer you to our Master Broker panel for commercial lending.
For more information please contact us.
Documentation
- Proof of ID – passport
- Proof of address – driving licence or utility bill
- Latest 3 months payslips
- Latest 3 months bank statements for all accounts owned
- Proof of deposit
- Proof of ID – passport
- Proof of address – driving licence or utility bill
- Latest 3 months bank statements for all accounts owned
- Proof of deposit
- HMRC tax year overviews
- HMRC tax calculations
- Proof of ID – passport
- Proof of address – driving licence or utility bill
- Latest 3 months payslips
- Latest 3 months bank statements for all accounts owned
- Proof of deposit
- Proof of rental income
- HMRC tax year overviews
- HMRC tax calculations
Parkers Financial Solutions Ltd is an appointed representative of Mortgage Intelligence Ltd which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only. Registered address 10 Speen Place, Newbury, Berkshire, RG14 1RX. Registered in England & Wales under number 9290167.