Best Financial Advisors in Leeds

Not particularly. With both employed and self-employed people the requirement is that you can prove your income. This usually means wageslips it you're employed or certified accounts if you're self-employed. If you do self assessment all you need are your SA302 forms from the Inland revenue to prove your income. You can request these direct from HMRC.

The minimum deposit you should be aiming for is 10%. It may be possible to get 95% for first time buyers accessing the government's "Help To Buy" equity loan scheme, and there are now a good choice of standard mortgage products available with just a 5% deposit. Also 95% may be possible through a guarantor mortgage where your parents or close family guarantee the loan.

Many people have a mortgage with the same lender for a number of years. It is likely that the interest rate they are paying is high. A remortgage to a new lender could reduce that interest rate and therefore the monthly payments. Another reason could be that a borrower needs to raise some cash for home improvements, a holiday, a new car or any other purpose. It can often be the case that a remortgage to a lower interest rate as well as raising funds can still result in lower monthly repayments. Another reason is to consolidate debt as set out in Q6.

A second charge or secured loan (as it more commonly known) is like having a second mortgage on your property. The original mortgage is still in place and that lender has preference over the second charge lender.

Because we are qualified mortgage experts with years of experience in a complicated and ever changing market. Your mortgage is likely to be the largest transaction you are to make and mistakes are easily made, possibly costing thousands in the long run. We are independent and have access to over a broad scope of lenders offering a wide range of products.