We’re all about relationships
Welcome to The Mortgage Consultancy, your trusted partner in navigating the mortgage landscape. With over 40 years of experience, we offer expert guidance and personalised service to: first-time buyers, homeowners, property investors, and businesses. Our Team’s commitment to reliability and friendly support ensures a smooth and successful mortgage journey for every client.
How we can help
Residential Mortgages
From first-time buyers to home movers and remortgages, we’re here to help.
Buy To Let
With a significant amount of experience, we work with property investors and developers to provide solutions.
Insurance & Protection
From buildings and contents insurance to income protection, don’t leave it to chance.
Later Life Lending
Need advice & guidance?
Buy-to-Let Guide
Here, we break down the complexities of buy-to-let financing, identifying how it differs from traditional mortgages and the risks involved.
Insurance Guide
Here, we’ll highlight the importance of mortgage insurance and discuss the different types of protection available to safeguard your property.
Self Employed Guide
Our professional guidance removes the guesswork, offering you a clear and confident path to achieving homeownership.
First-Time Buyer Guide
With our experienced guidance, you can leave behind any doubts and follow a clear, confident path toward owning your home.
Mortgage Readiness Guide
In this detailed guide, we'll guide you through each stage, helping you be fully prepared to find the mortgage that's right for you.
Credit Score Guide
We've created this guide to offer you the insights you need, empowering you to make informed decisions during your mortgage application process.
10 Mortgage Myths Debunked
This comprehensive guide tackles 10 common mortgage myths, helping you separate fact from fiction.
A simple guide to
Later Life Lending
This guide offers an in-depth examination of two common Later Life Lending products: Lifetime Mortgages and Retirement Interest-Only (RIO) Mortgages.
Your Title Goes Here
If you are experiencing financial difficulty and struggling to make repayments, then you can contact your lender who may be able to help taking account of your individual circumstances. You may want to contact one of the free impartial money guidance and debt advice services such as StepChange, Citizens Advice, or Turn2Us.
What our customers say
We’re all about providing solutions
Providing advice and guidance: FAQs
I have a question about…
What is a mortgage?
A mortgage is a loan which is secured against a property. Typically, a mortgage is used to purchase the property against which it is secured, but could also be used to release equity for things such as home improvements.
Will I be accepted for a mortgage?
Mortgage approval depends on various factors like credit score, income, and debt. Lenders assess your financial profile and then decide whether to accept you along with which product would be suitable.
How does the mortgage application process work?
The mortgage application involves several steps: initial discussion with a broker, decision in principle, documentation submission and full application, property valuation and then completion.
How much can I afford to borrow?
The amount you can borrow varies depending on factors such as the value of property you are buying, size of deposit and financial profile including income, credit commitments and credit score.
How much deposit will I need?
The larger deposit you have means the smaller mortgage loan you will require. First-time buyers can, for example, purchase with a 5% deposit however 10%-25% is more typical. You may be able to access lower rates if you have a larger deposit.
What is a buy-to-let mortgage?
A buy-to-let mortgage is specifically for purchasing properties to rent out. It differs from a residential mortgage, considering potential rental income and property investment.
How much can I borrow?
The amount depends on rental income, property value, and your financial status. Lenders typically calculate loan eligibility based on these factors, ensuring sustainable repayments.
Are interest rates higher for buy-to-let?
Yes, interest rates are often higher for buy-to-let loans. Lenders perceive rental properties as higher risk. However, favorable rates might be secured with a substantial deposit and strong financial credentials.
Can I live in a property myself?
Generally, no. Buy-to-let mortgages are designed for investment properties. Living in a property financed by a buy-to-let mortgage could breach the terms of the loan.
What are the tax implications of buy-to-let mortgages?
Tax rules vary, but rental income is usually taxable. Mortgage interest relief has changed, so it’s crucial to understand tax implications and consider seeking advice from a financial professional.
What is bridging finance?
Bridging finance is a short-term loan used to bridge gaps between transactions, commonly in property purchases. It provides quick access to funds while awaiting long-term financing.
How fast can finance be arranged?
Bridging loans can be secured swiftly, often within a few days. The process is expedited, making it ideal for time-sensitive property transactions or urgent financial needs.
What are interest rates like?
Interest rates vary but are typically higher than traditional loans due to the short-term nature and quick availability. Rates depend on the lender and your financial profile.
Can bridging be used for any purpose I choose?
While commonly used in property transactions, bridging finance can be versatile. It can be used for various purposes, such as business needs or renovations, depending on the lender’s policies.
What happens if I can't repay the loan on time?
If you can’t repay on time, options may include refinancing, extending the loan, or selling the property. Communication with the lender is key to exploring suitable solutions.
What does buildings and contents insurance cover?
Home insurance covers property damage (buildings) and personal belongings (contents). It safeguards against risks like fire, theft, and natural disasters, ensuring financial protection for homeowners.
Why should I consider income protection?
Income protection ensures financial security if you’re unable to work due to illness or injury. It provides a regular income, easing financial strain during recovery periods.
How are home insurance premiums calculated?
Premiums are calculated based on factors like property value, contents worth, location, and personal details. Customized quotes consider specific risks and coverage requirements for comprehensive protection.
Can income protection cover self-employed individuals?
Yes, income protection is crucial for self-employed individuals. It provides a safety net, covering lost earnings during periods of incapacity, offering financial stability for those without employee benefits.
Are there exclusions in home insurance policies?
Yes, exclusions may include deliberate damage, wear and tear, and certain high-risk activities. It’s vital to review policy terms carefully and choose coverage aligned with your specific needs.
Get in touch
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