Mortgages

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

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Residential Mortgages

Whether you’re a first-time buyer, moving home or want to re-mortgage, the choice of residential mortgages available to you is huge.

We stay up to date with residential mortgage deals on the market as well as lenders’ criteria and submission rules. And thanks to our long-standing relationships with lenders, we have access to deals not readily available on the high street. That means we’re excellently equipped to advise you about residential mortgages.

First-Time Buyer Mortgages

If you’re a first-time buyer, we can help you onto the property ladder by explaining what the process involves and finding you a mortgage to suit your budget.

If like most first-time buyers you don’t have the funds to purchase a property outright, you’ll need a mortgage to secure one. Getting a mortgage might seem like a daunting prospect, but it’s simply a loan secured against your property that enables you to borrow the money you need to buy it.

You’ll repay your mortgage over an agreed time period with rates of payment that are agreed according to your needs and circumstances.

Lenders focus on affordability and tightly control what they allow customers to borrow. Before a lender decides if they are willing to lend to you, they will look very closely at your rate of provable income and any debt you owe.

Even if you earn enough, outstanding debts and regular committed expenditure such as subscription contracts can impact your application and how much you can borrow.

We’ll assess your monthly budget then recommend the most appropriate lenders for you. This will allow you to borrow the amount you need and secure the most competitive rates.

Lifetime Mortgages

You can use money (equity) released from your home however you like, including to pay off an existing mortgage.

If you are over 55, you can use a Later-life mortgage to access the equity tied up in your home. You can receive the money released as a lump sum, in a series of smaller payments, or in a combination of both.

Releasing the money involves taking out a mortgage secured against a property you already own. Most, but not all lenders require that property to be your main residence. You’ll have the option to ring-fence some of its value as inheritance for your family.

The main difference between later life mortgages and other types of mortgage is that affordability assessments aren’t required to access them and those who take one out aren’t required to make monthly repayments. The loan, plus interest, will be repaid either upon the death of the recipient or their admission to long-term care – whichever happens first.

Taking out a later life mortgage can be useful for homeowners who have reached the end of an interest-only mortgage and are unable to repay the capital balance (you may have heard people who find themselves in that situation referred to as mortgage prisoners).

We are members of the Equity Release Council (ERC); the national body promoting the highest standards of advice and conduct in the Equity Release sector, so you can be sure you’re getting up-to-date information you can trust.

You can read more about the ERC and how it’s helping people unlock the potential of their homes here.

Equity Release includes both Home Reversions and Lifetime Mortgages. We can advise and arrange Lifetime Mortgages and will refer to an approved specialist for Home Reversion Plans. Lifetime mortgages are only applicable to those 55 and over, and it could affect eligibility to state means-tested benefits and the inheritance you may leave. Amount released is subject to individual circumstances. Loan and compounded interest are repaid when the last borrower dies or moves into long-term care. You may have cheaper ways to borrow money. To understand the features and risks, ask for a personalised illustration.

Please be aware that by clicking on to the link above you are leaving Mortgage Style Ltd website. Please note that Mortgage Style Ltd nor HL Partnership Limited are responsible for the accuracy of the information contained within the site(s) linked to from this page.

Non-Standard Mortgages

If you’re a first-time buyer, self-employed, have an irregular income or adverse credit, getting a mortgage can be challenging.

Mortgages for those on low incomes or with adverse credit

Lenders will assess how much you can afford before deciding whether to offer you a mortgage. That will involve looking at your budget, how much you want to borrow and whether you can comfortably cover repayments alongside everyday bills and general cost of living expenses.

If you’re struggling to secure a mortgage because you don’t have sufficient income or enough savings to put towards a deposit, there are government schemes that can help you. These include Right to Buy, and Shared Ownership.

Self-employed?

We can help you. We deal with many self-employment specialist lenders and know all about making use of lesser-known criteria when approaching the main high street lenders on behalf of self-employed clients.

We also always make sure to send lenders all the documents that help persuade them that self-employed mortgage applicants can afford mortgage repayments.

Complex case? There’s nothing we can’t handle. Even if you’re self-employed and have

  • only 1 year of accounts
  • declining profits
  • or use share of net profit rather than dividends

No need to worry. We’re still happy to help you.

Remortgages

We’ll help you find the most suitable remortgage deal.

There are several benefits to changing your mortgage product without moving property. It’ll give you the opportunity to:

  • Reduce your monthly mortgage repayments
  • Release equity from your property
  • Get a more flexible deal, for example one that can allow to you to make over-payments

 

With such a huge range of available deals to choose from, re-mortgaging can seem daunting. But it’s often simpler, quicker, and cheaper than applying for a mortgage to purchase a property.

When considering a re-mortgage product, it’s important to think through the details. You might find one that offers a lower headline interest rate and less expensive monthly repayments than your current mortgage, but it might also come with drawbacks such as higher upfront fees, longer tie-in periods and lack of loan contract flexibility.

It’s a good idea to remember this too – if you’re thinking about choosing a re-mortgage product that would increase the amount you borrow or extend your mortgage term, you’ll need to review your protection arrangements to ensure that you’re fully covered.

We offer a professional service with a personal touch. If you want us to help you find the most suitable re-mortgage product for you, we’ll search through our comprehensive panel of high street and specialist lenders to find you options that not only meet your immediate needs, but also take into account longer-term implications so you can make the best informed decision possible.

Commercial Mortgages

Our sister firm Brunel Bridging can provide your business with comprehensive support and advice to ensure lenders see it in its best possible light.

Thanks to the vague and ever-changing criteria set by the lenders, the business mortgage market is often even more confusing than its residential counterpart. When looking to finance a business property, it’s therefore vital to seek sound, impartial advice from a specialist commercial mortgage broker.

In addition to high street banks, we have access to several private banks and specialist lenders who have broader lending criteria.

If your business wants a business mortgage, it’ll first have to prove it can make the necessary repayments. That’s why lenders will nearly always want to assess your business before quoting you with commercial mortgage rates. They’ll use past performance, current position and long term business plans to determine the approval of your commercial mortgage application.

If you’re looking to finance your business premises or commercial investment property in Bristol, the South West or across the UK, we can offer a wide range of choices, from trading business to complicated commercial purchases or restructuring.

Our sister firm Brunel Bridging can offer bespoke solutions at the most competitive Bristol Mortgage Broker rates available in the following situations:

  • You’ve bought a property with the intention of changing to buy-to-let
  • You need short term bridging finance – available for most purposes
  • You need property development finance for your business or a building project

We’re here to help you thrive. 

Further Advance

Get a lump sum to fund a home improvement project or generate a deposit for a buy-to-let investment.

A further advance means borrowing more money against the value of your home in a separate loan arrangement with a lender. One can be beneficial if you want to release cash (equity) from your home to invest in a big DIY dream or even to use as a down payment on additional property.

Using a further advance means you can keep your existing mortgage arrangement as it stands with the lender (for example, if the terms are more favourable) and borrow the additional on a new deal.

We can research rates from our comprehensive panel of high street and specialist lenders and provide impartial advice when you’re looking to release more money from your property. 

Buy to Let

Whether you’re a landlord already or want to invest in your first rental property, we can help find the right deal.

Navigating the mortgage market can be time-consuming and frustrating. Property loan choices are varied and product terms aren’t always straightforward, especially for landlords, so it’s important to seek specialist advice before you make a commitment.

Many of the team here at Mortgage Style are landlords themselves so they understand the challenges and rewards renting can bring and offer personal experience along with professional advice.

Read more about our support for landlords here

The Financial Conduct Authority does not regulate some forms of Buy to Lets. Your property may be repossessed if you do not keep up repayments on your mortgage.