First Time Buyers • Home movers • Remortgages
Consumer Buy to Let & Business Buy to Let
Adverse Credit • Defaults • CCJ’s
A mortgage is a loan secured against a property or land in the UK. There are thousands of different mortgages available in the UK, using specialist searching software we are able to provide you with the best options available to suit your needs. In a challenging market looking for a mortgage can be a perilous task. Using a mortgage broker will help you.
Central Mortgages has access to the whole of the market which includes all high street banks, building societies and specialist independent lenders. Whether you are thinking of buying your first home or looking to remortgage, let us find you the best possible solution, whatever your circumstances.
Purchasing a property
Whether you are buying your first property to live in or purchasing a new investment property for your own portfolio, Central Mortages can help guide you through the mortgage minefield. There are various different options available to you and these can be a bit daunting. First of all, the decision whether or not to go for a fixed rate or a tracker or something in between is very important and is completely up to you. It all depends on your attitude to risk and what your short to medium term plans are. Talk to one of the team today to discuss the options available to you.
Remortgaging or raising capital
We can help you save £££’s when remortgaging a property you already own. Lots of customers are still paying more than they need to. We are able to source the whole of the mortgage market and provide you with the best products to suit your circumstances. The more equity you have in your property the lower the rates will be and you can save even more money by taking incentives like FREE LEGALS and FREE VALUATIONS*.
Adverse Credit mortgages
Mortgages and remortgages are still available to customers with adverse credit histories, we can check your credit report with you and tailor the products and providers to suit your needs. The rates available will be higher than customers with clean credit histories or higher amounts of equity available. Talk to one of our Adverse Credit specialists for help and advice in this area
Under the new European Consumer Credit Directive Buy to Let mortgages has been divided into two categories. These are:
Consumer Buy to Let mortgages
Regulated by the Financial Conduct Authority.
A Consumer Buy to Let mortgage is to provide consumer protection to “Accidental landlords”, e.g. Someone who inherits a property or decides to let their existing home rather than sell it for example (this was previously known as a Let to Buy mortgage). It is also for first time landlords to offer protection which before now was not available. A Consumer BTL mortgage borrower will need to meet similar criteria to a normal residential mortgage with regards to affordability etc.
Business Buy to Let mortgages
Not regulated by the Financial Conduct Authority
A Business Buy to Let mortgage remains unregulated by the Financial Conduct Authority and is for professional landlords who continue to purchase investment residential properties for business e.g. A large portfolio landlord. A Business BTL mortgage borrower will have more relaxed criteria to meet but this will differ from lender to lender on a case by case basis.