Professional Mortgage advice

Mortgages

More than ever there currently exists a greater range of mortgage options and mortgage providers. This presents any consumer with a daunting selection challenge. McParland & Partners offers a full research and recommendation service to help lighten that load and smooth the path through to completion of your mortgage.

Our expert mortgage advisers will find the best deal for you ? one that provides value for money and meets your personal circumstances. read more

Borrowing

The amount an individual can borrow will depend entirely on your current financial situation. It would depend on whether a substantial deposit can be put down, how clean your credit history is, your total gross income and whether you have any other unsecured debts elsewhere.

Proving your income

In many cases lenders may make an offer of mortgage with little or no confirmation of your income. This will depend on a number of circumstances such as the amount of deposit, credit history and occupation. This form of mortgage is called self certification and will in most cases require a minimum level of deposit.

Can I have more than one mortgage?

You can have as many mortgages as you desire. There is no legal limit. The only constraint on the amount of mortgages you can have is your own affordability on the repayments. In some cases proof will not always be necessary. However, despite the fact that you can have many mortgages you can only have one main residence.

Buy-to-let Mortgages

The theory behind buy-to-let is typically designed to stimulate the growth of the private rented sector by encouraging private investors to take the opportunities given by low, highly competitive, interest rates and the reasonable certainty of sustained capital growth over the coming years. Investing in buy-to-let properties has become more and more popular over the last few years. Many people believe that it can be used as an answer to retirement income but this has drawbacks as well as benefits. We offer a free initial enquiry to all prospective clients. Many mortgages are handled on a no-fee basis although we may charge a fee, in some circumstances.

Lifetime Mortgages

A solution to this could be taking the equity release route, otherwise known as a lifetime mortgage. Equity Release is the generic term given to all forms of financial plan which generate cash lump sums or income from a property's equity. There are two main types of Lifetime Mortgages and Home Reversion Plans and both are now regulated by the Financial Services Authority. We will involve the members of your family in any independent legal advice. If you are interested in Equity Release we consider it essential that you contact us and speak to an independent financial adviser.

For more information on mortgages please complete the following client enquiry form and one of our advisers will call you back to arrange an appointment. Alternatively you may telephone us on 08454 50 50 60 or email us at info@mcp-financial.co.uk