Mortgages and remortgages |
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Mortgages and remortgages are available up to 90% of the purchase price or valuation of the property, whichever is the lower. Affordability of the repayments is critical to the amount that a lender will lend but as a guide up to five times provable income can be arranged although this is subject to ongoing commitments and the number of dependants. Naturally a good credit history is required.
Remortgages can be arranged for any of the following reasons:-
- To find a more competitive mortgage product.
- Debt consolidation
- Home improvements
- Capital raising for other property purchases such as ‘Buy to Let’ or a second home.
- Divorce settlement.
Key Facts Illustrations are always provided in writing before application.
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Mortgages and remortgages