“Our priority is you and we are here to help you achieve your dream”
Getting the right mortgage shouldn’t be stressful.
At Brookbank Mortgage & Financial Solutions, we pride ourselves on making mortgage applications as stress free for our clients as possible, with our friendly, hassle-free approach …
Sit back, relax and let us do the work for you.
Type of Mortgages we can help you with …
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First Time Buyers
Buying your first home is one of the most important financial decisions you will make. If you are a first-time buyer and need mortgage advice, then we can advise you on what to do when it comes to buying your first property and guide you through the process. More importantly we can access competitive first-time buyer mortgage deals.
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Home Mover
Moving home, whilst being exciting or sometimes necessary, is said to be one of the top 3 most stressful things we do. Obviously, we can’t take all the stress away but why not let us relieve some of the pressures using our knowledge and experience to get the right mortgage for you and help navigate your way to your new home.
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Remortgages
Re-mortgaging is moving from your current lender to another for several reasons including: Your current mortgage product is due to finish, and you want to secure a better deal, you are on a Standard variable rate mortgage (SVRs) which can be expensive, or you want to borrow more money for a variety of different reasons.
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Buy To Let
Buy-To-Let mortgages are the most popular way of buying property to rent out and is completely different to buying a home for yourself.
Buy-To-Let mortgage loan rates are generally higher than standard home buyer mortgages and the loan to value is higher, meaning bigger deposits are required.
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Retirement Interest Only
You only pay the interest on this mortgage each month. The retirement interest only mortgage can be useful, because unlike a standard interest-only mortgage, the capital is usually only paid off when the last borrower moves into long-term care or dies. Any money left over is passed on to the people you name in your will.
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Equity Release
As a homeowner, your property is probably your biggest asset, but have you ever considered releasing some of the tax-free cash tied up in it?
We can refer you to our associated company the Right Mortgage who will guide you through the process.
Your Home may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it. Wills, Trust and Some forms of Buy to Let Mortgages are not regulated by the Financial Conduct Authority.
Brookbank Mortgage and Financial Solutions - Our mortgage services and how it all works …
If you're applying for a mortgage, finding the right deal is only the first step. It can take a while for your mortgage to reach completion. That's where Brookbank’s own dedicated Advisers come in.
Our Advisers will liaise with your lender, solicitor and surveyor and manage the process right through to getting a satisfactory offer. They will chase up references, instruct your survey and be the central point of contact for your mortgage application, keeping you updated every step of the way.
Our Advisers will help explain everything to you (including all the costs involved), help you make the right decision regarding mortgage type and find the most suitable mortgage for you.
Our advisers will tell you and help you find what information we require.
After assessing your eligibility, deposit/equity, credit rating, income and expenditure, using mortgage lenders affordability calculators, they can provide an indication of how much you may be able to borrow and how much it will cost you including future costs.
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Frequently Asked Questions
Below you'll find answers to some typical questions that show the high standard of service you can expect from Brookbank Mortgage & Financial Solutions
- How do Mortgages Work?
Deposit (or Equity for Re-mortgages)- The interest rate being offered for your mortgage is determined by the deposit (or Equity for re- mortgages) you are using towards the purchase of your first home and the bigger the deposit, the better mortgage deal you will get offered and lower monthly repayment costs. This is often referred to as the Loan to Value (LTV).
Some mortgage types include:
• Fixed rate mortgages • Tracker rate mortgages
• Discount mortgages • Capped rate mortgages
Repayment options include:
• Capital repayment
• Interest-only with or without a repayment vehicle other than the sale of the property.
- How will we work with you?
At Brookbank Mortgage & Financial Solutions we offer you the option of face to face (if geography prevents this technology can help), remote or a hybrid of the two (our most popular choice) to fit in with your busy lifestyle.
- How long does a mortgage take to reach completion?
Your mortgage process should go through the following stages: Fact finding; Recommendation; Application to Mortgage Offer; From Mortgage Offer to Exchange of Contract; Exchange of Contract to Completion.
The length of time each stage takes depends on several factors: How quickly we can arrange to speak to you, how quickly you are able to organise your paperwork, the speed of solicitors, lenders and valuers involved and the number of buyers in the chain (if any.
We will take time to understand the timescales you would like to meet and will tell you if they are realistic. We will then liaise with and indeed chase all the parties involved to try to help you meet your deadlines – and keep you informed throughout.
- How often will our team contact you?
We will do all we can to keep you fully informed by committing to the following:
• Contacting you in the way you find most convenient - by phone, email, text messaging
• Contacting you regularly to update you on progress.
- What if anything goes wrong?
Of course, with so many people involved, problems can occur from time to time during a mortgage application. Having helped people arrange mortgages for many years, we know what to expect - and how to prevent many problems occurring.
If something does crop up, rest assured we'll address it as quickly as possible. And of course, we'll always keep you fully informed.
