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Remortgage
or Home Buyer |
Commercial
Mortgage |
Advisor
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Looking
for Business Finance or a Mortgage Deal? -
UK Broker Advice Here
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Arranging
finance may be complex with many choices but
getting it right is crucial and may save money.
Therefore it is prudent to get experienced and
professional advice. We arrange commercial lending
for business premises, shops, industrial units,
agricultural and lettings. We also offer regulated
residential guidance, advising customers including
first time buyers, home movers and customers
refinancing existing lending.
The
products are sourced from the UK lending market
as a whole including special deals which are
exclusively available to mortgage advisers.
Our aim is to find the best product that suits
the customer's individual circumstances. Our
services covers products like a shared ownership
mortgage, right to buy, buy to let, let to buy,
secured loans and further advances.
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THINK
CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST
YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP
UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT
SECURED ON IT.
There may be a fee for broker advice, the precise
amount of the fee will depend upon your circumstances.
If a fee is charged it will be 2% of the loan
amount payable on completion of the mortgage,
subject to minimum £595. For example a £100,000
advance X 2% = £2000.
The Financial
Services Authority
does not regulate some aspects of commercial finance,
personal finances, buy to let and overseas property
lending.
Re mortgaging may incur an early repayment charge
and other fees. |
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The
UK mortgage market has changed dramatically recently.
Some banks have pulled prime deals and replaced them
with products that have higher interest rates and
higher fees. There seems a reluctance to lend in the
current economic climate. For lenders are no longer
lending to each other so they are having to use and
risk their own reserves. This would encourage lenders
to be very cautious and not take any high risk loans,
hence they are some asking buyers for much higher
deposits. This reduces the exposure of high loan to
values.
Mortgage brokers and estate agents have been very
badly hit by the credit crunch. Thousands have lost
their jobs in recent months with many more to fellow.
It is now more of a buyers market. Valuers are very
nervous to give generous valuations as they are mindful
of that fact that prices in the future could drop.
In the past the property price cycle has been slow
for example this depends on how bad the credit crisis
is but from late 1989 to late 1994 house prices generally
in the UK either dropped or stagnated. Many people
when into mortgage arrears, defaulted payments or
got caught in the negative equity trap as prices fell.
Unfortunately the current credit crisis could be potentially
a long cycle.
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FreePhone
0800 781 0414 Debt
consolidation Loans
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Commercial
Finance *
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The
FSA want to raise consumer awareness of mortgage
and insurance products for further information we
recommend you refer to this Link.
MortgageBestRate.co.uk is a trading style of Amicable
Mortgage Services Ltd, 32 Twyford Avenue, Southampton,
Hampshire, UK, SO15 5NP, which is authorised and
regulated by the Financial Services Authority.
Registered office 5 New Broadway, Hampton Hill,
Hampton, Middlesex, TW12 1JG, registered in England
No4470987
Amicable Mortgage Services Ltd is entered on the
FSA Register No 300824 at www.fsa.gov.uk/register
©2008
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