Mortgages

Find The Right Mortgage with a Whole of Market Mortgage Broker.

As a whole of market adviser, ParnabyEvans Financial Advisers can help you find the right mortgage to meet your individual needs. We can help you finance a new home, purchase your first home, buy a property to let out or remortgage your existing property. We search the whole of the UK mortgage market to find the right deal for you from the 1,000’s available.

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

The value of your investment can go down as well as up and you may not get back the full amount you have invested.

Mortgage Types

First Time Buyer

At ParnabyEvans Financial Advisers we appreciate that buying your first home is likely to be the biggest financial decision you have ever made. Our expert advisers can offer you a guiding hand through what may seem a daunting process and help to ensure that you find the most appropriate mortgage for your current individual needs and circumstances from the 1,000’s out there.

To be considered for a mortgage in the current economic climate, you will probably need at least a 5% deposit to meet the lenders criteria. However, if you do not have this amount, please still contact us as there may be specialist schemes available that could allow you to proceed with a lower deposit amount.

ParnabyEvans Financial Advisers aim to ensure you understand the different types of mortgages available in the market place, we will assist you with budget planning to help to ensure your mortgage starts and remains affordable and we can also potentially look at a mortgage with parental help if you are in the early stages of your career development.

As whole of market advisers, ParnabyEvans Financial Advisers can shop around the many deals and lenders out there on your behalf to save you the time and effort. We aim to find the most appropriate mortgage for your individual needs and circumstances so you receive the best possible product. We will also ensure you meet the lenders criteria, deal with all processing on your behalf and will liaise with the lender, solicitor and estate agent.

Moving Home

Thinking of moving home?

One of the first stages is to find out how much you can borrow, and then find the most appropriate mortgage deal and rate to suit your individual circumstances.

We offer independent advice specific to your circumstances, and appreciate that mortgage availability and rates changes daily, as does the criteria the lenders use to determine how much they will lend to and whom. Our expert mortgage advisers are keeping on top of these constant changes, aiming to ensure that you benefit from the competition between lenders by securing the most appropriate deal for you.

Remortgaging

There are many reasons to remortage...

Not only could remortgaging reduce your monthly outgoings, it could alternatively help you pay off your mortgage more quickly in one of two ways. You could either reduce your monthly payment by remortgaging to a lower rate, freeing up cash to make overpayments, or alternatively increase your monthly payment and take your mortgage over a shorter term.

Because your circumstances are unlikely to stay the same throughout the term of your mortgage, the mortgage you originally took out may no longer be the most suitable one for you. Remortgaging could bring your mortgage deal in line with your current needs and circumstances.

Please note that you may need to pay an early repayment charge to your existing mortgage provider if you do choose to remortgage.

Buy To Let

Apart from the purpose of the mortgage, a buy to let mortgage, which can also be called an investment mortgage, differs from a standard residential mortgage because a lender will take into consideration the rent you will earn from the property as the primary source of income for affordability purposes.

When considering a buy to let mortgage application, a lender will typically look for a prospective rental income of 145% of the monthly interest payment of the loan, but may also require the landlord to have a minimum personal income e.g. £20,000 per annum, although not all lenders require this.

Because demand in the rental sector is high, an investment property could be an ideal venture for the right person. However, finding the right buy to let mortgage has recently become more complex.

The Financial Conduct Authority (FCA) does not regulate some aspects of buy to let mortgages.

Help to Buy

This new government backed scheme allows buyers to either take their first steps on the property ladder, or move up the ladder, with only a 5% deposit.

This is a great opportunity for buyers with a smaller deposit to make their dream move happen. Help to buy equity loan scheme: For buyers looking to purchase a new home, you may be eligible for the

Help to buy equity loan scheme.

This scheme requires a 5% personal deposit, a mortgage for 75% of the purchase price and a loan from the government for the remaining 20%. In London, it may be possible to proceed with a 5% deposit, 60% mortgage and a 40% equity loan  from the Government. Please contact us to discuss this option in more detail.

help-to-buy

Your property may be repossessed if you do not keep up repayments on your mortgage.  For mortgages we usually charge a fee of £229 plus we receive a commission from the lender.