Looking for a mortgage in St Helens?
You’ve come to the right place. Mortgage Advice People have been providing mortgages in St Helens for over 10 years.
From first time buyers to holiday home purchases, there are a number of different stages which you may find yourself at on the property spectrum. I like to take into account all of your circumstances and consider your preferences and priorities to make sure that our mortgage recommendations are bespoke to your exact needs.
With years of experience providing mortgages and advice throughout the North West, let me take care of your mortgage and find you the perfect product to ensure you are getting maximum value for money by searching through thousands of product from our whole of market offering.
I get asked many questions about mortgages, here are the most common. If you have a question about mortgages that isn’t here then please feel free to contact me. I’m more than happy to answer any questions that you may have.
I’m based in St Helens so I can arrange home visits at a time to suit you if you live within the North West, or alternatively if you live further away or just prefer the convenience of speaking via telephone, just give me a call or leave your details and I’ll call you back as soon as possible.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Zero hour contracts can be acceptable to some lenders but in these situations they will often want to see a good track record of income over a significant amount of time before they will be willing to lend as a responsible lender will want to make sure that the repayments are actually affordable to the client before they offer any advance.
As with many things this can dIffer from lender to lender and also on the type of employment that you have. Some lenders will lend from day 1 of employment or even from the confirmation of employment that hasn’t yet begun! Some lenders will want to see 3 months or 6 months of employment history and some even more than this.
If applicants are self employed then this becomes longer as most lenders like to see at least 2 years tax returns before they will lend and some like to see 3 years, but again there are other lenders that will lend with just 1 years tax returns but as with everything, the more history you have to show a proven track record, the better position you are likely to be in.
Yes, many people go down the route of a “project” property, often where they feel they may be able to make significant savings by doing a lot of refurbishment work themselves.
Most lenders will only lend on the current value of the property prior to the work being done and most lenders will still insist on there being at least a basic kitchen and mains connections but will still be happy to lend.
This is a common question and unfortunately not a straight forward one. Lenders now will only lend based on affordability, which basically takes into account what income is coming into a household against what outgoings the applicant has to leave a figure that they have to deem affordable for that particular mortgage product, and this differs from lender to lender depending on their appetite to risk.
If you speak to a broker then they should be able to give you a rough idea once they know your circumstances but this would be clarified before any recommendations are made.
Most lenders will want you to repay the mortgage before you retire, from a common-sense point of view this makes perfect sense as often in retirement salaries can drop significantly and therefore the mortgage payment could become a struggle.
Some lenders, in certain situations will still consider lending into retirement if an applicant has a pension or investment income that can still sustain the repayments and be deemed affordable for them, but in most situations the lenders will want the mortgage repaid prior to retirement.
The simple answer is Yes, most lenders have no problem with this and as long as you both fit the criteria with that particular lender then there should be no reason why this cannot be done.
Fees can differ from lender to lender and also your own personal circumstances, there will also be some other fees such as legal fee’s, broker fee’s and possibly stamp duty fees but these will all be made completely clear to you before you decide to proceed with anything once your circumstances have been fully assessed.
Quite simply, speak to a broker such as myself who has access to the whole of the market so that they can compare all of the best rates that will be available to you and show you the pros and cons of each. On your part you can also make sure your credit file is all in order and that you have a good history of repaying any financial agreements you may have had in the past to put yourself in the best possible position.