Mortgages

FAQ:

Got Questions? Check out our FAQ section.

The Best Mortgage Company provides individual advice to clients seeking mortgages for residential, buy to let, or commercial purposes.

The mortgage market changes rapidly as it is influenced by conditions in the larger financial world of banking and credit. Only a year ago there were over 10,000 available products, but the credit crunch and turmoil in financial markets has seen this fall to less than a thousand. To ensure the choice of the most suitable product, you really need the honest and unbiased advice of an independent broker such as The Best Mortgage Company. As part of Mortgage Intelligence Ltd network we are able to source exclusive products that are not available elsewhere in the market. We discuss your circumstances with you to agree the ideal type of product for your situation, and then research the market to obtain the best deals available. Our recommendations will take account of your available income, existing commitments, past credit history, and future prospects.

If you agree with our recommendation we progress to an application. We always prefer to discuss the case in general with the lender in advance to ensure that there are no issues that could cause a problem, then, when we are confident we undertake a decision in principle to obtain a indication of likely mortgage approval. The application can then be submitted on your behalf. Depending on the case, and the lender, we will need proof of identity, proof of residence, and proof of income.

At the application stage there may be certain fees to pay to the lender for valuation of the property, or a booking fee. Most other fees can usually be added to the mortgage amount if required.

There are many types of mortgage, and although many clients will perhaps understand what a fixed rate means, or even a tracker rate, how many truly understand offset schemes, capped or collared mortgages? This is where good advice counts for a lot.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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