New Mortgage

A mortgage can be one of the biggest financial commitments you make in your lifetime. To make things easier we have listed the top 3 questions buyers ask:

How much can I borrow?

Using our mortgage calculator gives you an idea of the amount you can borrow, the deposit you’ll need, and the monthly payments you’ll be making. The mortgage product you choose will change these numbers dramatically, so exploring your options and making the right decision is crucial.

How do I choose a property?

There are many criteria to take into account when choosing your property. The location, type of building, and price range can all affect your decision for a suitable property. Then there are factors such as additional costs such as maintenance fees, council tax, renovation works and other potential bills which will need to be considered.

The best advice we can give is to pick your location, be clear on exactly what you’re looking for and contact as many estate agents as possible with ideas. Make sure you’re thinking long-term and prepare to be flexible; you may not be able to get exactly what you want, in a location you desire.

A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME OR PROPERTY. YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

What is the process for getting a mortgage?

Choosing a property

Your criteria might include having a good school nearby, local transport links and convenient shops or restaurants.

Choosing a mortgage

Our team will manage your entire application, taking you through the whole process from start to finish.

Deposits

You will need to provide a deposit and more attractive mortgage deals can be obtained with larger deposits. Although the deposit does not need to be paid until exchange of contracts, you will probably need to prove that you have these funds at the outset, to show the lender you are not borrowing the money from elsewhere and therefore increasing your monthly outgoings. When considering the level of deposit you should bear in mind the other costs associated with buying a property, such as valuation costs, solicitor’s fees and potentially stamp duty.

Making an offer

Armed with the knowledge of how much you can borrow, it is easier to select a property when you have a price range to work within. Once you have found somewhere, you need to make a formal offer to the vendor confirming the price you are willing to pay (this is usually carried out via an estate agent). If the vendor accepts your offer, you can move on to the next stage.

Average time: 2-4 weeks for an offer from lender, provided you have submitted all required information

How can Simple Home Loans help?

We save you the hassle

Our highly trained, professional advisers work with you every step of the way to make the mortgage process simple, saving you time and effort on one of life’s biggest decisions.

We’re independent

Going to a bank or estate agent limits your options and leaves you at risk of getting a bad deal. We have access to hundreds of products across the whole mortgage market and can find you the ideal product for your needs.

We can save you money

By hand-picking the best mortgage and negotiating the best rates on your behalf, we can save you up to tens of thousands throughout the term of your mortgage.