Taking on a mortgage can be one of life's biggest financial decisions. We offer independent mortgage advice to help you find the right option for your specific needs.
Plan your mortgage with sound financial advice
How can an independent mortgage adviser help you?
At Ascot Lloyd, our mortgage advisers operate independently. This means they source products from the whole of the market and often have access to special rates and products that aren’t available directly to you on the open market.
To help you make an informed choice, we’ll assess how much you can afford to borrow based on factors such as your income and long-term financial plan. We find suitable mortgage products for you, compare products on the market and guide you through the entire mortgage application process.
Disclaimer - Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it.
Navigating a complex market
We understand that finding a suitable mortgage can be challenging due to the complexities and competitiveness of the market.
Our expert advisers will analyse your needs and search the market for the best deal.
With our in-house mortgage team's expertise, our advisers can identify trends and navigate market volatility to provide you with the best possible solution.
Our most popular mortgage options include but are not limited to:
If you’re currently a homeowner and looking for a better mortgage deal, then you may consider remortgaging. When remortgaging from one provider to another, you have the opportunity to release money against the equity of your home. Your home is usually your biggest asset, so if you have plans to renovate, remortgaging your home can be a good way to raise extra cash.
Buy-to-let properties remain a desirable investment for many people wanting to create additional income, particularly in retirement. We can help you consider this investment option as part of your wider financial plan.
You can make your property work for you in later life by freeing up equity from your home, without having to move. A lifetime mortgage could also help if you’re over 55. There are a number of ways you can use the equity in your property to fund later life goals.
It's important to remember that equity release isn't suitable for everyone. That's why it's always a good idea to seek advice from an independent mortgage adviser who can help you make an informed decision about whether or not it's right for you.
First-time buyer mortgages
We understand that purchasing your first home can be a stressful undertaking.
With the help of our independent mortgage advisers, you will receive full support from the initial mortgage application to the last signature on your home purchase forms.
We can help you to find the most competitive mortgage for your needs including:
- First-time buyer and guarantor mortgages
- Help-to-buy mortgages including equity loan schemes and shared ownership mortgages
- The right to buy scheme
Frequently asked questions
What do you need to prepare when applying for a mortgage?
Lenders will look at your household income, which includes your salary and any additional income. They also look at any current debt you may have like credit card debt or loans to ensure you can make the monthly mortgage payments. To apply for a mortgage, you will need to collect the following documents and information:
- Utility bills
- Passport or driver's licence
- Bank statements from past three to six months
- Proof of benefits
- P60 form
- Payslips from the last three months
- Tax return form SA302 if you’re self-employed or have multiple revenue streams
How do I repay a mortgage?
Living mortgage-free is every property owner's dream. For advice and planning regarding mortgages, we advise that you get in contact with our team of professionals.
If you’re in a good financial position, you can start by increasing your monthly mortgage payments. You can do an overpayment in the form of a lump sum, or you can shorten your mortgage term which means you’ll pay less interest in total.
How will my mortgage interest rate be set?
Your mortgage interest rate depends on the Bank of England and its fluctuations. Mortgage rates are set with your lender and are often higher than the Bank of England’s base rate. In general, new mortgage rates can be between 4% - 6%, or higher.
How do I get a mortgage for a new home?
You can apply for a mortgage directly from your bank, mortgage broker or independent financial adviser. For first-time home buyers, working alongside an adviser can help alleviate any extra stress as they have experience in the industry and will guide you through every step of the process. They can also advise you on what insurance you should put in place and help you get the best value for money.