Mortgages

For most households your mortgage is the largest financial commitment that you will have. There are many costs associated with mortgages and many different ways in which these costs are presented to you as the consumer. At Anderson Lloyd we can help you identify the real costs of the available deals, and review the hundreds of different mortgage deals available. Having good advice is essential to ensure that you are not paying over the odds, and that you have the right rate and mortgage product to suit your circumstances.

We offer advice on all types of mortgages:

Residential

Most owner occupiers will have residential mortgages. This is the usual method of purchasing a property, and there are a range of mortgages available for first time buyers, through to those moving and those just wanting to change their mortgage supplier.

Different lenders will have varying criteria that you will have fulfil to ensure that they are happy to lend to you. These can include the amount of deposit you have availablde if purchasing a new home, your income and your other financial commitments. We have in depth knowledge of the lenders and criteria to ensure that we can advise you to make the right decision.

We can also help you wade through the jargon, understanding the implications of Early Repayment Charges and understanding Arrangement Fees.

Buy to let

The buy to let mortgage market has consolidated, meaning that there are now fewer lenders specialising in certain types of buy to let mortgages.

If you are looking for a buy to let mortage we can help you to find funding for individual buy to let mortgages, or for portfolios of properties. As with residential mortgages, we know the market well, and can help advise you on the best deals, explaining any hidden charges and letting you know the details of any lending criteria.

Equity release

Even with planning, you cannot plan for every eventuality. There may be a situation where you need to access a large lump sum, and if you have built up equity within your property it may be possible for you to release this equity. This could be in the form of a mortgage (i.e. the lump sum is added to the amount still to pay on your mortgage) or as a loan secured against your property.

Equity release – over 55

With an aging population who are asset rich, there has been the emergence of equity release. If you are over 55 it maybe possible to release equity from your property without incurring any monthly payment. The payments are rolled up and paid from the value of the property after death. It is essential to receive advice if considering one of these schemes.