First Time Buyers
We help our clients navigate through the process of buying their first home by explaining & forecasting the costs to buy (not just deposit); clarifying maximum affordability; advising on the mortgage rates specifically available to this client; we outline the pros & cons of different initial benefit periods available; explain the features & benefits of different types of repayment payment schemes and lastly discuss the advantages & disadvantages based on your circumstances of longer & shorter mortgage terms.
We also explore 'Overpayment Options' and how these might affect your overall mortgage interest and future re-mortgage plans.
We can support you with making offers and guiding you through the purchase process. Where appropriate, we may recommend a solicitor based on your needs and the nature of your transaction. We work with a panel of solicitors (Solicitors/Conveyancing are referred to a third party. Neither MV1 Mortgages Ltd nor PRIMIS are responsible for the service received), but you are free to choose your own. Our aim is to help make the process as smooth as possible by ensuring you have appropriate professional support throughout your purchase.
Home-Movers
Whether you are up-sizing, down-sizing, moving for school catchments or relocating for your new job; for better value for money or to be closer to family we are the perfect support for you.
Having significant experience in buying and selling himself - 7 purchases in 12 years , Mike can assist with offers, negotiating price, and of course the navigation of the 'snakes & ladders' estate agency world.
For nearly 8 years, Mike was based within an estate agency, working closely alongside the sales team and supporting clients through the home-buying process.
MV1 Mortgages Ltd has an excellent record for obtaining mortgage offers quickly which often help with the purchase process - starting on the right foot with the transaction.
All of the above make MV1 Mortgages Ltd a great ally to have in your corner.
Re-Mortgage
This is changing the terms of your existing mortgage product terms at the end of your fixed rate period.
In most cases a mortgage loan will revert to the existing lender's standard variable rate at the end of your current product
With access to thousands of mortgage deals - we take the hassle out of searching for the right products for your circumstances - Pound for Pound Re-Mortgages are all about saving you money on Mortgage Interest it's what we do and we take pride in making you savings.
We also review the mortgage term to save on overall mortgage interest
Should you be looking at raising funds for upcoming home-improvements, already completed home improvements, lease extensions, purchase of freehold or to fund a property investment we are perfectly placed to assist in the raising of funds.
Self-Employed
There is a myth that self-employed mortgages are difficult - in 99% of cases this is untrue.
You are treated as self -employed by the majority of lenders if you hold 20% or more interest in a company, if you trade as a sole trader, Partnership or if you are a director of a Limited Company.
What you need to know: you are assessed by most lenders on your taxable income - if you manoeuvre your accounts to pay less tax - it is likely you will be able to borrow less than you hoped.
There is no one size fits all and so a handful of lenders will look at company profit plus salary which can improve affordability for those that don't draw all profit annually.
Product Transfer
Not all client are able to leave their existing lender so a product transfer at the end of a current product is a hassle-free option often without a survey and without any conveyancing.
At MV1 Mortgages Ltd the first place we look is your existing lender whilst also reviewing the right products for your circumstances and providing you with a clear cost comparison to allow you to make an informed decision on how to proceed.
Right to Buy
If you are a council tenant, you may eligible to buy the property you live from the local authority at a discount.
We can help with this process, having experience in securing finance for many clients for Right to Buy applications.
