FAQS

No, our initial consultation is free of charge and will help you to get a better idea of the deposit required, your maximum borrowing and payment options.

Most PMI policies cover:

• Consultations and specialist appointments
• Diagnostic tests (e.g. blood tests, MRI, CT scans)
• Hospital treatment and surgery
• Cancer care (often with access to advanced drugs not always available on the NHS)

Cover varies by provider and policy, so it’s important to tailor it to your needs.

We may charge a fee depending on the complexity of your circumstances. This would be agreed with you after the initial consultation and prior to any work being carried out.

We help to guide you through the mortgage process, saving you time and effort by finding the best deals available from a wide range of lenders and assisting with the paperwork. We offer expert advice to ensure you get the most suitable mortgage based on your circumstances.

For your initial consultation you don’t need anything. Our Advisors will discuss your specific circumstances, explain the process and talk to you about your options.

If we progress to a full mortgage application we will let you know exactly what is required, but here is a list of the most common requirements:

• Copy of photographic ID, such as Passport or Driving Licence
• Current address verification, such as recent utility bill or bank statement
• Latest 6 months bank statements
• Most recent 3 months payslips for employed applicants
• Latest 2 years tax calculations for self employed applicants
• Proof of deposit funds (if applicable)
• A recent credit report

The deposit requirements can vary dependent on the type of mortgage and your financial circumstances but can be as low as 5% of the property value. Putting down a larger deposit can potentially reduce the interest rates available to you, so it is worth discussing this with our advisors.

The amount you can borrow depends on factors such as your income, expenses, credit history, and the lender's criteria. Typically, lenders may offer between 4 to 5 times your annual income, but this varies.

An agreement in principle (AIP) is a statement from a lender that indicates how much they are willing to lend you, based on your financial situation. It is not a formal offer but gives you an idea of what you can afford. Knowing what you can afford will help you to narrow your search. 

It is very useful to have one in place before you even start looking for a property, to give you the edge over any competition. Estate agents will typically want to see a copy of this before considering any offers.

Our Advisors can provide you with an agreement in principle free of charge.

With a repayment mortgage, you pay both the interest and part of the principal borrowing amount, meaning the loan balance decreases over time. With an interest-only mortgage, you only pay the interest, and the principal balance remains unchanged, which means the full loan amount will still be outstanding at the end of the mortgage term.

While life insurance isn't legally required to get a mortgage, it is highly recommended. It ensures your loved ones can repay the mortgage if you pass away, helping protect their home and financial stability.