Contact us today…
Whether you’re looking for a first-time buyers mortgage, changing your current mortgage or even looking for a commercial mortgage – We can help you find the right option for you and your needs
Contact us today…
Whether you’re looking for a first-time buyers mortgage, changing your current mortgage or even looking for a commercial mortgage – We can help you find the right option for you and your needs
Arranging Your Mortgage
Choosing a Reputable Mortgage Company Like Kingsman Mortgages Can Make All the Difference!
Solicitors' Fees
As well as paying a solicitor or licensed conveyancer for the work he or she does, you’ll have to pay land registry charges and local search fees.
Stamp Duty Land Tax
Rate of Stamp Duty Land Tax First time buyers and home movers. Please reference to your solicitor or current government guidance for confirmation.
Valuation and Survey Fees
You may need to pay for a valuation or survey. The amount you will pay will depend on the type of valuation or survey you choose.
Stamp duty on second homes
If you already own a home and are buying another property, either to rent out, use as a holiday home, or for any other purpose, you’ll usually have to pay an additional surcharge on top of the normal stamp duty rates.
Mortgage Advice Fees
Your initial consultation will be met by us. We then charge a fee based on the complexity of your application and how much work is required. This will be a minimum of £200 to the maximum of £300. This will be payable when we source a mortgage to cover the work that will go into getting the right deal for you. This fee is non-refundable even if your mortgage doesn’t go ahead
Lender Fees
You may be required to pay your chosen mortgage lender application and/or product fees. In some circumstances these can be added to your mortgage to lower initial costs. We will discuss these fees with you and inform you of the additional interest that would be payable if doing so.
Find out about our services, call us +44 (0) 1926 706 800 or send us a message
Why use an advisor?
There are many different personal reasons why you would use an advisor to help you find a mortgage that suits your needs.
Many find it a daunting area to approach when they do not understand it and could end up sticking with their existing bank, which may not be the right or best option for them.
Others may find that they are well advanced in knowing what they need and where to apply but the time it takes to arrange the right documents, speak to the lenders and chase up an offer or deal with complications is time consuming and frustrating.
Additionally, things may have changed since the last time you arranged a mortgage in both your own circumstances and in the lender market and you need help navigating what’s best for you.
Whatever it may be, we can help.
Hello!
We’re real people too… If you have any questions or simply want to get the ball rolling. Contact us in which ever way works best for you…
because we care
Some Happy Cusomers
Gemma has great people management skills. Her knowledge and attention to detail with regards to mortgage application procedures, compliance and sales was always reflected in her work ethics.
I have always found Gemma to be approachable, open, honest and transparent, instilling confidence and trust in her as a person. She has a friendly and fun personality appreciated by those to whom she comes into contact.
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Frequently Asked Questions
What is a mortgage term?
How much do you need for a mortgage deposit?
Getting a mortgage Agreement in Principle
Making an offer on a home
What is a mortgage term?
A mortgage term is the period your loan will be paid back over. The length of time can vary. Many last between 20-30 years, although some people take a shorter term and others up to 40 years.
The maximum term you can take a mortgage over will be dependent on your age and in some circumstances, your pension provisions.
The longer your term, the lower your monthly repayments. Be aware that if you choose a longer term, you’ll pay more interest.
How much do you need for a mortgage deposit?
A mortgage deposit is a sum that you pay up front, to help pay for the home you’re buying. You then borrow the rest and make monthly mortgage repayments with added interest.
The bigger your deposit, the less you’ll have to borrow using a mortgage. You usually need a deposit that is between 10 and 20% of the full property value. You may be able to access schemes which allow you to use a smaller deposit or government backed schemes that can help with getting you on the property ladder.
When remortgaging your property for a new rate or raising additional funds, a current value of your property will be considered for the lending and your ‘deposit’ will be the equity held within your home. Equity is the difference between the mortgage and value of the property.
Getting a mortgage Agreement in Principle
A mortgage Agreement in Principle is the first stage of getting a mortgage. We will find the best lender for your circumstances and confirm how much they might lend you.
It’s a written statement that lets you know how much you’ll be able to borrow and over how long. This can help you work out what home you can afford to buy with the deposit you have. Most estate agents will want you to have an Agreement in Principle to accept an offer on a property.
The amount quoted is not guaranteed at this stage as a full credit score and assessment of your circumstances and documents will be required by the lender.
Making an offer on a home
Found a home that tops your list? It’s time to make an offer. First, you need to decide how much you want to buy the property for. Think about the following when you’re making an offer:
• Compare your property to others that are for sale in the area
• Decide on the maximum price you can pay, using your Agreement in Principle
• Look at what improvements the home will need and how much they’ll cost
• Think about how much you’ll be paying in bills and mortgage payments too
Once you’re ready, give the estate agent a call and send an email to make an offer. Let them know where you’re at in the buying process and provide your Agreement in Principle and proof that you have your deposit.
The seller might accept your offer or look to negotiate on the price. Either way, the estate agent will let you know.
If they accept, you can still change your mind. But if you’re happy to go ahead, you can find a conveyancer and apply for your mortgage.
If you’re buying a home in Wales or Scotland this process might change as there are different property laws in place compared to England.
are you ready?
Get Started Now
We know how frustrating Mortgages can be – We can simplify the process for you and let you relax while we take care of everything
Kingsman Mortgages Limited is an Appointed Representative of Stonebridge Mortgage Solutions Ltd which is authorised and regulated by the Financial Conduct Authority” and “Registered Office: Kingsman Mortgages Limited, 10 Farzens Avenue, Warwick, England. CV34 6DU. Registered Company Number: 14476500. Registered in England and Wales – *Your home may be repossessed if you do not keep up repayments on your mortgage. Your initial consultation will be met by us. We then charge a fee based on the complexity of your application and how much work is required, This will be a minimum of £200 to the maximum of £300. This will be payable when we source a mortgage to cover the work that will go into getting the right deal for you. This fee is non-refundable even if your mortgage doesn’t go ahead.
