MORTGAGE CONSULTANTS IN MARKET DRAYTON, TELFORD AND SHREWSBURY
Mortgages are likely to be the largest single transaction in most people's lives. At Interfinancial, we understand that buying a property can be a stressful and time consuming experience. In the modern day, the financing of a mortgage is a case of finding and selecting the most suitable deal, rather than simply accepting a lender's offer.
FIND OUT MORE ABOUT STANDARD VARIABLE RATE (SVR)
The SVR is the lender's standard variable rate, usually between 2-4% above the Bank of England base rate. With a variable rate mortgage you are able to switch lenders at any time without being penalised. If you start a mortgage with a different type of interest repayment for an agreed term, once the term finishes you will go back to the lenders SVR.
FIXED RATE SAFETY
A fixed rate mortgage allows you to repay interest at a fixed rate, irrespective of any base rate fluctuations. In other words your monthly repayments will remain the same every month for a time period agreed between you and your lender. This is usually up to 25 years. Contact us today in Market Drayton, Shropshire for more help on the different types of mortgages available to you.
MORTGAGES FOR BUYING PROPERTY ABROAD
If you are considering buying a property abroad you should make sure you take specialist mortgage advice. The house buying process varies considerably from country to country, with different legal systems and local customs. For most people the best option is to arrange your overseas mortgage in the currency you earn income in. If however you are planning to receive rental income from your property in the local currency then a mortgage in the local currency may be the better option, depending on the mortgage lender's criteria.
If you already have a residential property in the UK you may be able to raise money for a deposit by remortgaging and releasing equity from this property.
You should always seek specialist advice from independent solicitors, architects and surveyors before committing to purchasing a property overseas. They should know the country's laws and the local house buying process.
You should always arrange an independent valuation of the property. The valuation will highlight any problems with the property itself but also, and very importantly, any boundary disputes.
You should never sign a contract that you do not understand. This includes translated contracts - always get the original contract checked by a specialist.
If you would like to discuss your options then please contact us for a Free inital meeting in Market Drayton, Telford, Shrewsbury and the surrounding areas.
REMORTGAGE ADVICE IN SHREWSBURY, TELFORD AND SHROPSHIRE
MY AREAS OF EXPERTISE
I’ve always work hard towards making sure my clients receive the best mortgage services for all their property financing needs. Working with Interfinancial means having my personal support for a variety of services as well as the knowledge and resources that come with years of experience in the mortgage industry.
ADVICE ON RESIDENTIAL AND BUY TO LET RE-MORTGAGES
If you are looking to remortgage to raise additional funds to carry out home improvements, consolidate debts, buy a second property or even re-mortgage your buy to let investment property, then we can advise you on the best route to take. If you are simply looking to save money on a re-mortgage contact us today in Market Drayton, Telford, Shrewsbury, Nantwich, Crewe and Chester.
TAKING CAREFUL STEPS
Always think carefully before securing or consolidating debts against your home by way of a re-mortgage. Consolidating debts by re-mortgaging may be more affordable each month in the short term but may cost you more overall in the long term as the mortgage loan repayments are spread over a longer period. We can assist you with this decision making process.