Frequently asked questions
Good questions, straight answers.
If your question is not covered here, it is probably worth a conversation. There is no such thing as a silly question when it comes to your home.
Getting started
Why use a mortgage broker rather than going to my bank?
A bank can only offer its own products. A broker can compare options from a range of lenders, explain the differences and manage the application for you, which can save time and help you find a mortgage suited to your circumstances.
How much could I borrow?
Many lenders lend around four to four-and-a-half times household income, with some going higher for certain applicants. The figure also depends on your outgoings, credit history and deposit. Our calculator gives an illustration; a conversation gives a proper answer.
When should I speak to you?
As early as possible. Talking before you start viewing helps you understand your budget, and for remortgages, around six months before your current deal ends gives time to compare options.
What documents will I need?
Usually photo ID, proof of address, recent payslips or accounts, bank statements and evidence of your deposit. We will give you a clear checklist based on your circumstances.
Credit & protection
Will speaking to you affect my credit score?
An initial conversation does not involve a credit check. Some lenders carry out a soft search for an agreement in principle, which does not affect your score; a full application will involve a hard search.
Can you help if I have had credit problems?
Often, yes. Some lenders consider applicants with past missed payments, defaults or CCJs, depending on how recent and how serious they were. Being open from the start helps us approach the right lenders.
Do I need life insurance with a mortgage?
It is not usually a condition of the mortgage, but it is worth considering how the mortgage would be repaid if something happened to you. We can review your existing cover and talk through options.
Can we meet in person?
Appointments can be arranged to suit you, whether in person, by phone or by video call.
First-time buyers
How much deposit do I need?
Some lenders accept deposits from 5% of the purchase price, though more choice and better rates tend to become available as your deposit grows. We will show you how different deposit levels change your options.
What is an agreement in principle?
It is an indication from a lender of how much they may be willing to lend, based on initial checks. It is not a guaranteed offer, but estate agents often ask for one before accepting an offer.
Moving home
Can I take my current mortgage with me?
Many mortgages are portable, subject to the lender’s approval at the time. It is not always the best option, so we compare it against the wider market before you decide.
Remortgaging
When should I start looking at my remortgage?
Around six months before your current deal ends is a sensible time to start the conversation, as many lenders allow a new rate to be secured in advance.
Can I raise money for home improvements?
Often, yes, subject to affordability and the lender’s criteria. We will talk through the long-term cost of borrowing more against your home.
Buy-to-let
Do I need to be an experienced landlord?
No. Some lenders welcome first-time landlords, although criteria can be stricter. We will point you towards lenders that suit your experience.
Fees
Do you charge a fee?
Our fee policy will always be explained before you commit to anything. Fee details to be confirmed
Which lenders do you work with?
Lender panel / whole of market to be confirmed
Let’s talk it through.
Every mortgage starts with a conversation. Tell Leon where you are and where you’d like to be, and we’ll take it from there, at your pace.