Leon Cook of MHC Mortgages

25/05/2023

Get Remortgage Ready

It pays to shop around to get the best value – whether it’s saving money when finding a new broadband deal, changing to a cheaper energy provider or reducing the premium on your car insurance.

Mortgages are just the same – if your initial fixed term period is coming to an end, or you’re looking to release a sum of money for a big project, then it’s worth getting prepared upfront for a remortgage. We’ll help you find the right deal for you, and to help kickstart, here’s a few handy tips on how you can get the process going:

• Seek expert assistance – contact us today for bespoke, expert advice. We’ll listen to your needs, guide you through the process and recommend only the most suitable remortgage deals to allow you to save money and fulfil your dreams.

• Plan ahead – allow up to six months for a remortgage to take place, giving time for research and decision making for what you’re looking for alongside the process of applying for a remortgage itself.

• Plan your finances – just as for applying for your first mortgage, it pays to make sure your finances are truly in order. Check your credit score, don’t apply for any new credit, avoid any large purchases, avoid payday loans or overdrafts at all costs to boost your chances of quick acceptance for a remortgage.

• Get your documents in order – just as for your first mortgage, documents will be required to prove your identity, current address and proof of income – save time by gathering your documents together upfront.

• If you’re self-employed – you’ll need to show additional proof of income with three years history. You can aid your application by showing future workload and incoming revenue stream.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

There may be a fee for mortgage advice. The Financial Conduct Authority does not regulate some forms of buy to lets.

22/05/2023

Safeguard your home.

Having the right insurance in place can save you many sleepless nights when it comes to your home and your finances, but with so many different policies out there, finding the right one for you can seem like navigating a minefield – with a danger you might be uninsured, or left-out-of-pocket should the worst happen.

Leave it to the experts – let us find the right insurance for you, talking you through your exact circumstances and search the market for the right one to suit your every need. We cut out the jargon and help to give you the peace of mind you need – so you can get on and sleep easy. Contact us today.

Availability and cost of cover is subject to criteria such as age, lifestyle, current health and medical history.

05/05/2023

It’s always enjoyable scrolling through listings of properties for sale – whether you’re after expansive dream houses and country boltholes through to sharp urban living or seeking a wholesome family slice of suburbia. There’s one thing in common however – the price you see is not the price you pay.

The average cost of moving is almost £9,000 and includes many things you’d not normally expect to budget for. One of the biggest considerations to bear in mind is whether you already have a mortgage – if you can’t move it across to your new property, there can be a heft early-repayment charge.

Factor in costs for estate agent fees, surveyors, Stamp Duty, conveyancing, and removal costs, and it soon stacks up. Fortunately, we’re here to help guide you through the process of moving home with both eyes open. We’ll look at your exact circumstances, and provide our advice, making you aware of the costs and pitfalls, using our tried and tested experience.

As mortgage advisers, we’ll help you finance the home of your dreams, and by being able to access a wide range of lenders from across the market, you’ll be assured you are getting a suitable deal. Contact us today to let us help you on your journey.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

04/05/2023

The Role of Conveyancing
When moving house, you might wonder – what will Conveyancing actually do for me? The world of conveyancing can seem mysterious - we lift the lid on some of the essential activities that they do in order for you to move.
Once you’ve put in an offer on a new place, they’ll take on all of the legalities, this includes drafting the sale contract and performing a wide range of valuable searches to keep you protected. These can range from environmental searches as well as planning issues affecting your property – to safeguard you from buying someone else’s problem, and can uncover whether your dream purchase has ever suffered from any major issues such as flooding, mining subsidence or contaminated land.
After your offer has been accepted, a solicitor will take care of the legalities – from drafting contracts, carrying out searches, to overseeing the contract signatures, through to the exchange and completion.
Your solicitor will report back on all their findings and allow you the chance to walk away, or oversee you signing the contract with the seller. They’ll also take care of the transfer of the payments ready for your completion date, handle any Stamp Duty payments and hand over the keys ready for you to move in to your dream home.
We do not provide advice in this area, please seek independent advice.

04/05/2023