Mortgages

Mortgages

Your property may be repossessed if you do not keep up repayments on your mortgage. 
We charge a broker fee for mortgage applications of £495 of which £150 is payable on receipt of the mortgage offer and the remaining £345 on completion of the mortgage. For complex cases the fee is a maximum of 2% of the loan.

Comprehensive Lender Panels

Purchase

Purchasing a property can be exciting and it may be that you have spent many weeks searching and therefore you want things to go smoothly when an offer has been accepted.

At PJH Mortgage Solutions Ltd we guide you through the process and help co-ordinate the lender, solicitor and estate agent on your behalf.

We are able to research a comprehensive panel of lenders and find the right mortgage to suit your needs.

First Time Buyer

Buying your first property can seem daunting at first. We can guide you through the various costs that you may need to pay for your purchase such as stamp duty and solicitors fees.

Our aim is to guide you through the process step by step and ensure that you are always kept up to date about the progress of your mortgage application.

We also provide an ongoing service by informing you when your mortgage product is due to end and review the best options for you.

Remortgage

You may be coming to the end of your current deal and about to go onto your lender’s standard variable rate, this could mean an increase to your monthly payments. We can help by researching the options for you with your current lender or remortgaging to a different one.

As a member of one of the UK’s largest networks called PRIMIS, we often have access to exclusive products, many of which have free legal fees and a free valuation which helps reduce the cost of moving your mortgage. 

Buy to Let

Buying an investment property is different to buying a residential home as there are a number of other factors to consider such as ensuring the property is in an area with a rental demand and the amount of rent that can be achieved for the type of property that you wish to buy. 

Most lenders will assess the borrowing amount not on your earned income but on the rental income that can be achieved based on a typical calculation of 125% to 145% of your monthly mortgage interest based on a typical stress rate much higher than your initial rate.

The Financial Conduct Authority does not regulate all Buy to Let mortgages.

Let to Buy

For many buyers, when they have found their new home it may be that they have been unable to sell their current one, and as a result, a growing number of people are keeping their existing property and becoming landlords themselves. As the demand for rental property is rising year by year and rental incomes increasing as a result, it has led to Let-to-Buy mortgages becoming more commonplace. This allows you to take a mortgage on your new home, whilst renting your existing home out to tenants.

If you have a certain amount of equity in your existing home, you could take out a let-to-buy loan by remortgaging your existing home, releasing funds to use as a deposit on your new property.

Second Charges

There are times when a customer does not fit the criteria for a remortgage or a further advance, or these options may not be in their best interests. Typical reasons for this include someone who has a low base rate tracker mortgage and wants to continue with this or has a high early repayment charge to move the loan.

We are able to refer you to our approved panel of master brokers who can assess your particular needs and guide you through the process.

Conveyancing

Whether you are buying or selling a property or indeed both, then you will need to instruct a conveyancer to provide the legal requirements and ensure that this moves forward to completion.

We can instruct a conveyancer on your behalf from our preferred panel of companies which includes one of the largest providers of conveyancing services in the country.
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