How much can I borrow?
Most lenders work on affordability calculators and the amount you can borrow varies depending on what you earn, what debts you have and even how many children you have. Different lenders will lend hugely varying amounts based on your circumstances and we choose not to have a calculator on our website for this reason. Our advisers will be able to work out your borrowing capacity after a 5 minute conversation.
What deposit will I need?
The majority of lenders will require a minimum 10% deposit but there are some more specialist schemes available that require no deposit at all.
Rates get better with larger deposits and of course we would advise you of all the potential rates available with differing deposit levels.
Why should I use you?
Hale Mortgages provides expert independent mortgage advice for everyone from first time buyers, home movers, remortgages and experienced buy to let landlords. We can provide advice and solutions from the whole intermediary market.
Our ability to see the whole market, to cut through the fine print and explain the pros and cons of each product makes life easy. Our contacts and experience makes it all happen, from initial mortgage advice to money in the bank.
How long does it take to obtain a mortgage?
We can obtain an initial “agreement in principle” within minutes. To obtain a full mortgage offer the lender will want to survey the property and see proof of your income. This process will normally take between 2 and 4 weeks.
My bank has said no, does this mean I cannot get a mortgage?
No. All banks have hugely varying criteria and where one bank says no another will happily lend. The benefit of using Hale Mortgages is that we have extensive knowledge of all banks criteria and will do all of the research for you.
I have a less than perfect credit history; does this mean I cannot get a mortgage?
Not necessarily. Whilst many high street banks will say no, there are lenders available that will consider lending to you dependent on your individual circumstances. Our advisers will discuss your situation and within a short space of time will let you know the possibilities.
I am Self Employed, does this cause a problem?
Most lenders will want 2 years history of your Self Employment to consider lending but there a number that can consider you with just one year’s accounts. Lending criteria varies enormously from lender to lender but we can help by looking at the correct lender for your specific circumstances.
I am paying my lenders standard variable rate, should I look to change lender and remortgage?
In many cases the answer is yes. Some lenders variable rates are as high as 5.99% and there could be a substantial saving by changing lender. We will meet with you free of charge and assess the saving to be made. If there is no saving then we will tell you to continue with your existing lender. Remortgaging is very easy and can be done in 3-4 weeks.