Remortgaging is where you switch to a new mortgage on your current home with the aim of securing a better deal. Perhaps the introductory term of your existing mortgage is about to expire (and you don’t want to be placed onto your lender’s less competitive standard variable rate) or it’s been a while since you’ve reviewed your finances. Remortgaging can help you save money, get more flexibility and find a new mortgage that better suits your current situation.
✓ First-Time Buyer Mortgages
If you’re looking to buy your first house and you don’t own (or haven’t previously owned) a residential property, then you’re what’s known as a first-time buyer. As a first-time buyer, you get access to all the same mortgages as everyone else, but with the added bonus of being eligible for Government assistance such as Stamp Duty relief and Help to Buy schemes. Buying your first house can be a daunting process, but we’re here to walk you through the process and give you the expert mortgage advice that you need.
✓ Moving Home
When you’re moving house, you have two options when it comes to your mortgage: you can transfer (or “port”) your existing mortgage to your new house, or you can remortgage for a bigger amount or a better deal. It can be difficult to sit down and do the sums during a busy and potentially stressful house move, but Huxley can help you make the right decision.
✓ Buy-to-Let Mortgages
If you’re purchasing a property with the intent of renting it out to tenants, you’ll need a buy-to-let mortgage. They’re a lot like traditional mortgages, but with a few key differences. Our financial experts will advise you on everything you need to know while helping you secure the best mortgage for your buy-to-let investment.
✓ Commercial Mortgages
A commercial mortgage is specifically for businesses or individuals who are buying a commercial (non-residential) property, such as an office, shop or restaurant. There are a number of important distinctions between commercial mortgages and traditional mortgages, which our experienced financial advisors will guide you through before helping you find the most suitable commercial mortgage deal.
✓ Self-Employed Mortgages
Securing a mortgage as a self-employed individual isn’t as difficult as you might think. Whether you’re a sole trader or a small business owner, you’ll need to provide lenders with more thorough financial information. But so long as you are able to verify your income and have good credit, you can get access to the same competitive mortgages as everybody else.
✓ Contractor Mortgages
As with self-employed applicants, being a contractor doesn’t limit your options when it comes to getting a mortgage. In fact, there are mortgage lenders out there who specialise in lending to contract workers. Our financial advisors will guide you through the process, explain what information you need to provide and the factors you need to consider, and help you find the right mortgage for you.
✓ Adverse Credit Mortgages
Contrary to popular opinion, securing a mortgage with poor credit isn’t impossible. Whether you have CCJs, defaults or have even been declared bankrupt, there are mortgages out there specifically tailored for people with poor credit. Because we’re whole-of-market brokers, we have access to a wider range of mortgages and you may be surprised at the rates you can get.
✓ Mortgage Protection
Mortgage protection is an insurance policy that covers your mortgage payments in the event that something unfortunate happens and you’re unable to keep up with them. Perhaps due to redundancy, illness or, worse, death. Mortgage protection isn’t a legal requirement, but the peace of mind that it provides is definitely worth paying for.