For even the most experienced of home buyers, we know how time consuming it can be to make sure you are getting the best mortgage deal possible.
With many mortgage lenders, hundreds of mortgage products, and thousands of rates on offer, let Principal FS help you take the stress out of the equation. We will research the market thoroughly, make tailored recommendations, and then present your application directly to your lender of choice for the quickest decision.
First Time Buyers
Buying a home for the first time can be both exciting and daunting. It’s important you know your borrowing capacity before you start viewing properties to avoid disappointment. It puts you in a stronger position with estate agents if you have your mortgage agreed in principle (MIP).
Principle FS will help you assess your financial commitments to give you a clear idea of affordability. This will allow you to gage how much you might be able to borrow, at the best rate possible.
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Moving Home
When you are already on the property ladder it is important to know what you can and can’t do with your current mortgage product. Options can vary between providers and include porting or transferring your existing mortgage to a new property, or even a new lender.
Be it your first move, upsizing or downsizing, we will help you to assess the suitability of your current product and find you the most appropriate solution to support in securing your next home. We will make sure that you have all the facts including how much you can spend, when you are able to complete the transaction, and perhaps most importantly, how much it will cost.
Remortgaging
Are you coming to the end of your current mortgage deal? Perhaps you are looking to consolidate your borrowing or release some equity for that extension you always wanted? Whatever your reason for remortgaging, we are on hand to help.
There are likely to be options with both your current lender and other lenders on the market. If you are keen to remain with your current provider, options can include securing a new rate (Product transfer) and/or taking additional monies (Further advance). Alternatively you can remortgage with an entirely new lender, and with access to products representing the entire market, Principle FS can help you compare a wide range of available products to find the most cost effective solution for you.
Think carefully before securing other debts against your home. Consolidating debt may reduce your outgoings now, but you may end up paying more overall. Your home may be repossessed if you do not keep up repayments on your mortgage.
Buying for Investment
If you are buying to let, develop, build or resell a home, your mortgage needs will differ slightly from residential buyers. Unlike a traditional mortgage, a ‘Buy to Let’ mortgage can often require larger deposits in proportion to the cost of the property, and may also hinge on the projected return on investment of any subsequent sale.
At Principle FS we are experienced in helping people secure Buy to Let mortgages, helping you navigate the particular requirements that come with this type of borrowing. We will help you identify products that offer the best term flexibility, lowest total cost, and/or highest borrowing capacity. We offer support to a range of clients including first time landlords, experienced Portfolio Landlords and Limited Company Buy to Lets.
Most Buy to Let Mortgages are not regulated by the Financial Conduct Authority.
Self Employed
We can cater for those are self employed including sole traders, Ltd company directors and those in partnerships.
Foreign Nationals
We can support applicants that have settled or pre-settled status and those that are on Visas.
Shared Ownership
We have experience in advising and supporting those looking to purchase a shared ownership property or looking to raising further shares via staircasing.
New Build
We have experience advising on new build properties that often require a quick 28 day exchange deadline.