FAQS

This would mean that the property is habitable and in good condition and any necessary maintenance is being carried out.

The best way to do this is to walk around your home from room to room and add up the value of each item in the house. Once completed this should give you a total amount which is the minimum amount of cover you should be looking for when purchasing contents insurance.

You should ensure that the Building Sum Insured is enough to cover the rebuild cost of your home. On our partner Uinsure's policy, buildings cover of £1million is provided as standard. Contents Sum Insured should be enough to cover the replacement cost of your belongings as new. The standard limit with our partner Uinsure is £75,000 which can be increased up to £100,000.

The rebuild value is different from the market value of the property. Most insurers can estimate a rebuild value or alternatively you can use the Building Cost Information Service website to calculate this yourself.

Identifying the best mortgage for your personal circumstances, from thousands of mortgage deals, many not available on the high street and submitting a successful application is no mean feat.

As well as the complexities involved, its time consuming and can be costly if mistakes are made. That’s where the expertise of a mortgage broker can play a huge role.

Our fees are detailed in our Terms of Business, however, each individuals’ circumstances are different therefore we are unable to confirm an exact fee before the initial consultation, which is free of charge.A typical fee for a standard residential or BTL purchase is £495. When we have learnt of your financial goals, we will advise you of our fee at which point you can decide if you wish to proceed. A point to note is we do not charge any fee until you have received a mortgage offer.

The old system of 3.5 or 4 x your income is gone and now we need to know all your income sources together with all your debt details. We then use a multi lender affordability system to calculate your borrowing ability from over 50 lenders in a single go. It is important not to take on new debt before you are considering a mortgage as any and all monthly payments to debts reduce the level of income to be used in calculating affordability. As a ‘guide’ if you multiply by 12 ALL your monthly payments to loans, HP agreements and credit card payments (using 5% of the balance as a minimum payment) and deduct from your total income and then multiply by 4 you will not be far away, but this needs finalising by your adviser.

If you are employed, you should supply your last P60 and three months’ pay slips and bank statements into which your salary is paid.  The statements should have your name and address on.

If you are self-employed and a sole trader, your last two years’ tax calculations and overviews will be needed.  If you are a director of your own limited company, you will potentially need to provide your last three years’ full trading accounts as well as tax calculations and overviews.  A lender will also need your last three months’ business bank statements and may go back further.

If you are remortgaging, your most recent mortgage statement and account number.

If you are buying, proof of deposit and/or details of any sum being gifted to you.

Yes is the short answer, however we capture and assess all clients' sources of income so that we can make sure we have all the facts before talking to lenders. This could result in a high st well known lender offering to help but more often than not this ends up being a specialist lender who can cater to a wider range of situations

We have many lenders who can assist in this situation, it is important to know if you are a sole trader, a lender is going to work off your ‘Net profit’ declared to HMRC as a basis for affordability. If you are a director of a Ltd Co, then we can use either salary and dividends or your share of company net profit and salary, whichever option gives you the affordability you require.