We are residential mortgage brokers who find mortgages to suit ALL your needs.
A residential mortgage is more than just a financial transaction; it’s the key to unlocking the door to your dream home.
By securing a mortgage, you enter into a partnership with your lender, who believes in your vision of homeownership and is ready to support you on this journey.
As you make monthly repayments, you aren’t merely settling a debt; you’re building equity, investing in your future, and creating a space where memories are made.
With options to adjust the term of your mortgage and the possibility of personalised advice from expert brokers, you have the flexibility to tailor this investment to your unique circumstances and aspirations, making homeownership not just a goal, but a reality you can thrive in.
Residential Mortgages Questions and Answers
What is a mortgage broker?
A mortgage broker acts as an intermediary between borrowers and lenders, providing expertise and guidance throughout the mortgage process. They help you navigate various options, ensuring they find the best deals suited to your financial situation. Whether you are self-employed, facing life changes, or require customised mortgage solutions due to irregular income or credit challenges, a mortgage broker is invaluable. They leverage their industry knowledge to secure favourable terms, making the home-buying process smoother and more accessible.
What does a decision in principle mean?
A ‘thumbs-up’ from your lender, or a nod of agreement, giving you an idea of what you might borrow. It’s a nifty little tool to help you figure out what’s within your reach while you’re on the hunt for your dream home.
How much can I borrow?
Your borrowing power isn’t just about your income or existing credit commitments – it’s about the bigger picture. Each lender has their own unique way of evaluating this, so a decline from one doesn’t mean you’re out of options. That’s where we come in.
How long should I take my mortgage out for?
Picking the perfect mortgage term isn’t just about numbers, it’s about you. It’s about aligning your financial aspirations with your life’s blueprint. A lender’s insights into your monetary power is also instrumental in this choice.
What is the difference between a repayment and interest only mortgage?
Repayment Mortgage – Imagine this like a monthly subscription where you’re chipping away both at the loan and the interest. Progress every month!
Interest-Only Mortgage – Think of this like a movie cliffhanger! You’re only handling the interest monthly, but the full loan amount awaits you at the end of the term. A grand finale!
How do I quickly pay off my mortgage?
Shaving years off your mortgage could be as simple as boosting your payments by just £50 a month. Of course, you’ll want to give your lender’s terms a once-over – many have a 10% annual cap on overpayments with penalties for going over.
I have been declined for a mortgage; can you help?
Don’t worry—this happens for a variety of reasons, and there’s almost always a solution. At Mortgage Matters Limited, we specialize in uncovering the reasons behind declined applications and working closely with you to find the right path forward. Whether it’s a new approach, alternative options, or understanding what went wrong, our team has the experience and know-how to help you move toward your goals.
What can I do to improve my chances?
When you’re ready to explore getting a mortgage, it’s a good idea to check your credit report to ensure accuracy beforehand. At Mortgage Matters, we’ll use your report and the details you provide to suggest ways to improve your chances of approval.
Mortgage Health Matters Core Services
