Following recent events, it's great to see the return of 95% mortgages on the market. This means that at a minimum you will need 5% of the property value available as a deposit, this amount does not include stamp duty or any other application related fees.
Fees will vary case by case so the only fee we can guarantee is our own mortgage broker fee which is fixed at £495. Other fees that you may have to pay include;
Yes, a credit search is an important part of the mortgage process. It's a good idea to look into your Credit Report prior to your house search just in case it's not quite as good as you expected. We've put together a few tips on how to improve your score here.
Criteria varies between the lenders but as a general rule you should be able to borrow at least 4.5x your annual income.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Need Financial Planning Limited is an appointed representative of Invicta Financial Solutions which is authorised and regulated by Financial Conduct Authority.
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