Mortgages

Residentials

We pride ourselves on working with every lender who lends against UK property – these range from the High Street Lenders, Specialist Banks and Private Banks. At MFS we are committed to keeping our clients informed – but we want that information to be as helpful and accurate as possible. We don’t publish the ‘Best rates’ tables you find on most brokers’ websites. They are misleading, circumstantial and only showcase a limited panel of lenders. Our expert Southall based advisers are all paid a salary – and not commission – which means you can have confidence that the only interests they’re working for are yours. Our independent mortgage advisers will undertake a comprehensive search of the market and pick out a deal that’s right for your circumstances. We are fully accredited and regulated by the FCA. On some mortgage applications we receive a commission fee from the lender on completion. This is separate from our administration fee and is an additional fee we receive.

Could you save money by re-mortgaging?

Re-mortgaging need not be a hassle. In fact, it’s something we should all think of regularly to make sure we’re still on the best mortgage deal. If your current mortgage deal is about to come to an end, it’s important to start shopping around for a new offer before you get transferred onto your lender’s standard variable rate (SVR) – this could be higher than your current rate.

New home, new mortgage

Good news for stressed-out movers: mortgages designed for people moving house are now looking more attractive than ever. At Which? Mortgage Advisers we believe that moving home is the perfect opportunity to look for a better mortgage deal. If you’re trading up to a larger property, you may need to increase the size of your loan. But you’ll need to ensure it’s affordable once you get there, so it’s crucial that you get the right advice upfront. Even if you don’t need to borrow more, our expert advisers will work to find you a mortgage that suits your new circumstances. Moving home can be a stressful time, so why not let Which? Mortgage Advisers do some of the hard work for you, and make sure you’ve got the very best mortgage for you.

Buy to Let

How to get the most from your investment The key to making a buy-to-let venture work for you is finding the best possible mortgage deal. That’s why it’s so important to take impartial advice – especially in today’s market. While buy-to-let mortgages are similar to residential home loans, there are some very important differences that our expert advisers can help you get to grips with. For example, buy-to-let mortgages require a larger deposit than regular loans (typically 25%), and you’ll need to show the lender that the rent will cover your interest payments on the mortgage by at least 125% – in case the property stands empty for a while or needs maintenance. You should also set money aside for arrangement fees, which can be as much as £2,000.

Sizing up the benefits of buy-to-let

On the bright side, buying a property to let out offers the appealing prospect of a potential rental income, plus the possibility of equity to unlock later if property values increase. In fact, the right investment can give you a gross return each year of between 5 and 10%. That’s well ahead of what any savings account will currently give you, albeit with more risk attached. And while average property prices across the UK have been flat in recent years, rents have been on the increase. Acting quickly, with confidence, is the key for buy-to-let deals.

Specialist Mortgages

There are a variety of specialist mortgages that work differently from standard house purchase mortgages. There may be different qualifying criteria, and many other things for you to consider and plan for. We can provide independent advice, and help you navigate the issues involved.

 

 

 

MFS Group is an Appointed Representative of Rosemount Financial Solutions (IFA) Ltd which is authorised and regulated by the Financial Conduct Authority (FCA).  Entered on the FCA Register (https://register.fca.org.uk/) under reference 535515.
Registered as a Limited Company in England & Wales No 05668905.  Registered Address:  Rosemount House, 2-4 Chequers Road, Basingstoke, RG21 7PU.

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Think carefully before securing debt against your home, your home may be repossessed if you do not keep up repayments on your mortgage.
The Financial Conduct Authority do not regulate buy to let mortgages.