M & R financial Management are truly independent mortgage brokers. We are registered introducers of every lender in the uk who offer mortgage products through the intermediary channels. Through our sourcing software Trigold we will endeavour to find you the the most appropriate mortgage product available to you based on your circumstances. Whether you are buying a home or re-mortgaging our mortgage advisors will help you make sense of the many different types of mortgage schemes available in today's market.
We also offer mortgage advice on the following schemes:
Buy to let
If you are buying a home for investment we can help. A buy to let mortgage is very different from a residential mortgage. For starters advisors do not have to be qualified to sell someone a buy to let mortgage. It is once again essential you speak to one of our advisors who are qualified and have your best interests at heart. Buy to let products products are similar to residential mortgage in many ways. The lender actually views these deals in a different light with many looking towards the rental potential of a property rather that the applicants income. In today's market you are required to have at least 25% as a deposit and the rental payment generally has to be 125% of the mortgage payment.
Right to Buy
If you live in a council property and have been offered chance to buy your home we can help. Many councils will offer their tenants huge discounts which will allows them to purchase their homes below market value. Lenders have a flexible attitude to these schemes and offer 100% on the discount and possibly more providing it is for home improvements. Councils require a commitment period of five years before the client is allowed to sell otherwise they will incur a penalty. Like the buy to let and residential the conventional mortgage products i.e. fixed, are available on this of scheme
Let to Buy
If you wish to move and you are either struggling to sell your home or you simply have decided you wish to rent your property out, a let to buy mortgage may be suitable for a client. What this means is that as long as you can prove to us that any potential rent will cover your current mortgage we can disregard that particular mortgage. This will then leave you leaving free to purchase a new residential property. The new lender may require proof off your existing lender that you have permission to let your current property or a letter from a letting agent maybe sufficient.
Adverse Mortgage
If you currently have a poor credit history from current or past problems with debt our mortgage experts will be able to help depending on the circumstances. The majority if not all the high street lenders tend not to lend to people with poor credit profiles so it is our job to find a lender in the UK who will be willing to help. Through our experience and knowledge of the sub prime market we are confident we will be able to come up with a suitable solution for you. We must point out however that due to the nature of this lending the banks will charge clients a higher rate of interest than under normal circumstances.
The overall cost of comparison is 10% APR, the actual rate available will depend on your circumstances. There may be a fee for arranging your mortgages for clients with impaired credit or self certification, the typical fee charged is 1% of the loan amount. Ask for personalised illustration.
