Highest Mortgage Lenders
Our Mortgage Service
Special features of what we offer:
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Whole of market service - we work with leading UK lenders
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Access to leading market mortgage rates
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Access to exclusive loan deals not available on high street
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Fast turnaround - speak to us today if you need to move quickly
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We have lenders who will take into account previous defaults and missed payments
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Looking to raise additional finance on top of your existing mortgage or buy to let mortgage? - we have access to a range of finance solutions
To investigate your mortgage options if you are looking to get a mortgage call our mortgage team on 0117 403 4474 or fill in our call back form.
"The essence of the Fair Mortgages service is professional independent mortgage and protection advice brought to you by a team of specialist advisers and experienced administration support.
As your mortgage is such an important transaction, good advice is imperative.
Highest Mortgage Lenders
If you’re looking for a mortgage, or to remortgage a property, you might be wondering what the ‘highest’ mortgage lenders are. While some lender’s may be willing to loan more than others, the maximum a borrower can usually get a mortgage for tends to be based upon the size of the deposit they can put down and their affordability
About getting a mortgage
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Deposit – The maximum amount a borrower may be able to borrow can be dependent on the size of the deposit they can offer on the loan. For example, a mortgage with a maximum Loan to Value (LTV) of 90% would require the borrower to put down the remaining 10% - therefore in order to purchase a property worth £300,000 with a 90% LTV mortgage the borrower would need to have £30,000 to put down as a deposit on the mortgage. Although exactly what will be available to a borrower will depend on their own specific financial details, residential mortgages may be available with deposits of around 5% whereas many investments and buy to let mortgages require deposits of at least 25%. However, with any kind of mortgage the larger the deposit the lender can afford to put down the better the interest rates offered to them will be.
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Affordability – The amount a borrower can borrow may also be affected by their affordability for the loan. When calculating affordability a lender will consider the applicant’s regular income and any outgoings such as; existing credit commitments, travel costs etc, to assess if the applicant could afford to make their monthly repayments for a loan of that size, they will also ‘stress test’ this to see if a borrower could still afford their repayments if their interest rates were to rise.
Before taking out a mortgage
Before taking out a mortgage it may be wise to shop around different lenders to try and find the best product for your specific needs. You can use the Fair Mortgages calculator on this website to view a selection of mortgages from a range of different lenders, you just need to enter the relevant financial information and select the type of mortgage you are interested in.
Mortgage adviser
Borrowers looking for any kind of mortgage may want to consider using the services of an independent mortgage adviser. An adviser, who offers a whole of market service, can both offer their client’s impartial advice and use their professional knowledge of mortgages to search across different providers to try and find them the best product.
To find out if Fair Mortgages could help you, fill in the online contact form to request a call-back or call directly on: 0117 403 4474