Our Mortgage Services

Whether you are a first-time buyer, seeking a second home or looking into a Lifetime Mortgage, Gladstonei365 Mortgage Brokers are here to support you through any big move in order to make your dream home a reality. Our experienced Mortgage Advisers are here to assist you whatever your circumstances may be, to find a mortgage solution suited to your needs. Please see below for more information on our range of service areas.

Moving Home

From the early stages of research through to the successful application of your mortgage, our brokers are here to manage the process and minimise your workload with a tailored solution that works for you.

If you already own a home and are looking to purchase another property to move into, we are here to help. Whether you are buying and selling simultaneously, staggering a sale and purchase, or looking to keep your current home as an investment, we can arrange optimal solutions and manage that entire process for you. Our Mortgage Brokers are here to ease the pressure during what can be a very stressful time.

We will advise on how much you can borrow before you start, and then manage the entire mortgage process from application to completion, liaising with the various parties involved, keeping you updated and ensuring everything runs smoothly, allowing you to concentrate on finding your new home and planning the move.

Ready to move?

Get in touch today and we can first advise on how much you can borrow, and what the costs of moving will be.

Remortgage

Whether you are simply looking for the best terms available as you move out of an initial mortgage deal, or if you are looking to raise capital, we can find the optimal solution for you.

A remortgage typically refers to the act of repaying your existing mortgage with a new one. This is most frequently done when you come to the end of an initial deal and find that your existing lender is no longer offering the best terms. This is where we come in. We can very quickly tell you whether or not it is worth remortgaging, what type of mortgage is right for you, how much you could save, and what the process will involve.

The term ‘remortgage’ is also often applied to those with no mortgage on a property who wish to raise capital. Whether this your main home, a second home or an investment property, Gladstonei365 Mortgage Brokers can assist you in finding the best possible terms for your capital raising needs.

Beyond switching deals to secure a cheaper rate, you may also want to raise additional funds for other purposes, for example: to cover large capital expenditure such as home improvements; additional investments; assisting family members; for business purposes; or simply to make an expensive purchase.

We will talk you through your options and ensure you understand the true cost of any additional borrowing. We will also know which lenders are happy to lend for each purpose, saving you time and money.

Considering remortgaging?

For a free initial consultation to find out how we can help, contact one of our experienced advisers today.

First Time Buyers

We aim to provide a fast and efficient service as you take your first steps onto the property ladder, carefully guiding you through what can be a complex experience in a friendly and helpful manner.

We will explain all of your available options in a jargon-free way to ensure you understand the process you are going through, the choices you have, and why we are recommending any particular solutions.

Our experienced advisers will help to guide you on the journey of purchasing your first home, and ensure you understand what to expect in terms of timescales and costs. If you have any problems or concerns along the way, we are here to support you and liaise with the various parties involved in the process.

Ready to begin?

Please do not hesitate to get in touch today to start the process of purchasing your first home.

Buy to Let

We have access to a range of exclusive lenders who are only available via a Mortgage Broker, from products for first-time landlords to portfolio landlords and Ltd Company landlords.

Buy to let mortgages are secured against property which is to be let out to a tenant. The basic idea is that the rent will cover the mortgage payments by some margin, enabling the property owner to make a profit whilst also benefitting from any potential increase in the property value.

There are also a variety of options when it comes to Buy to Let mortgages, depending on your individual objectives. Our Buy to Let expert advisers can offer the specialist advice you will require, ensuring you get the very best terms available.

How it works

With Buy to Let mortgages, lenders typically require a minimum deposit of 25% which can either come from your own savings or be raised against another property that you own, including your main home. The mortgage provider will lend the remaining funds secured against the property through traditional means.

When the lender sends a surveyor to value the property, they not only look at the value of the property if it were to be sold, but also the value of the rent they would expect that property to generate. Lenders typically want to see that the rent coming in covers the mortgage payments by 125% on an interest only basis. However, this requirement can vary between lenders and sometimes be more stringent.

Unlike traditional residential mortgages, Buy to Let mortgage lenders do not typically base their decision to lend on the affordability of the individual applying for the mortgage. Instead, they expect the rent to cover the mortgage and are therefore less concerned with the applicant’s ability to afford the monthly payment. Some lenders have minimum income requirements, but others are solely concerned with the self-financing ability of the property.

Also, unlike residential mortgages where you are expected to take the mortgage on through a repayment basis, with Buy to Let mortgages you can typically take the mortgage on an interest only basis as it is an investment property which can be sold towards the end of the term as a means of repaying the loan.

Interested in Buy to Let?

Get in touch with one of our experienced Mortgage Brokers today to discuss your options.

Second/Holiday Home

Our expert Mortgage Brokers can assist in working out the additional costs of owning a second home (i.e. Stamp Duty costs) and review lenders who offer the lending capacity for this.

Maybe you dream of a cottage on the coast, or perhaps you need one place in the city for work, but want a country escape for the weekends? Many of our clients already own second homes and say the benefits are two-fold: growth in value for the future, and a bolthole of your own to escape to (without having to pay rent).

Remember, affordability is a key consideration for a second home. Not just in terms of the mortgage payments and additional stamp duty that applies to second homes, but also the running costs associated with having two properties.

Get in touch to discuss your goals for a second home today.

Large Mortgages

At Gladstonei365 Mortgage Brokers we have the experience to navigate the complexities that often come with less conventional mortgage applications, such as large mortgages.

When using the term’ large mortgage’ we are typically referring to mortgages over £1,000,000, but potentially those over £500,000 as well.

It can sometimes be difficult to arrange a large mortgage as high street banks do not necessarily have the appetite for this level of lending. However, other avenues do exist, such as private banks and specialist departments of some high street lenders, who are prepared to consider large mortgages and often have considerably different terms than those on offer for their more typical customers.

Get in touch with one of our experienced advisers today to discuss your options.

Helpful Mortgage Information