Mortgages

Residential mortgages

The mortgage market is increasingly diverse and often confusing. It can be tricky to keep up to date with the ever-changing regulation and the multitude of options available.

Whether you are buying your first home, moving to another property or remortgaging onto a new deal, you will require a residential mortgage.

Remortgages

When you take out a new mortgage, you normally receive an introductory deal – for example, a lower fixed or discounted rate or a lower tracker rate for the first few years of the mortgage. Introductory deals typically last between two and five years.

buy-to-let mortgages

Buy-to-let mortgages are designed for property investors and private landlords who do not intend to live in the purchased property. Buying additional property for the purpose of letting it to earn rental income can be risky and complicated since there is no guarantee that house prices will rise nor that rental income will be uninterrupted.

New build mortgages

A new build home comes with many perks. You won’t have to decorate, there’s no onward chain, and it will meet all the latest building codes and energy efficiency standards. However, many people thinking about buying a new build property underestimate the effort that is required to obtain a mortgage, particularly if you are buying off-plan.

Help-to-buy mortgages

Saving for a large deposit can be a long and tiresome journey, and sometimes may even seem impossible. However, thanks to the Government’s Help-to-Buy scheme, you can now buy a home with as little as a 5% deposit and have lower mortgage repayments than you would with a standard mortgage arrangement.

Speak to us today

At Peter Richards Financial Ltd, we ask the questions, look into your future, give straightforward advice and find the right solution for you.
Contact us today to begin your journey – we look forward to hearing from you.