FIRST TIME BUYER
Pre-approval aka decision in principle is a key first step for anyone trying to purchase a home. We are mortgage experts who will confirm if you are mortgage ready and what house price range you fit. We work through all of the UK & N.I. lender’s criteria, to find the best mortgage solution for your needs. If you are happy with our advice, we will proceed to provide you with a decision in principle. Allowing you to go and find the house you love, and make an offer. As is the case with all of our clients we manage the full mortgage application process through to receipt of formal mortgage offer, until you secure the keys to your new home. As a first-time buyer we would encourage you to read our guide First time Buyer Mortgage & Protection Process.
REMORTGAGE
£ for £ remortgage is renewing your current loan balance either with your existing lender on a Product transfer rate or to another lender on one of their rates.
Additional lending remortgage is securing additional funds against your property via a further advance from your existing lender or a remortgage to another lender.
We would encourage you to read our Guide Suitable Versus Unsuitable reasons to Remortgage
SELF BUILD
We are so proud to have been able to make the dream of building their own unique home a reality for many of our clients across Northern Ireland. The biggest difference between a self-build mortgage and standard residential mortgage is that the funds are given to you in stages rather than as a single lump sum. This is to reduce the lender's risk and ensure that the money is spent as planned so you don't run out when you are only half way through the self-build project. You will need full Planning Permission/Building Control in order to get approval for a self-build mortgage. Let us advice you on a self-build mortgage, allow your dream to become a reality, and make it easier for you to construct your own unique home from concept to completion. We would encourage you to read our guide to Self-Build Mortgages
MOVING HOME
You have decided to relocate, upsize or downsize and you need a mortgage loan to purchase the new home. There are a few ways this can be achieved, and each option requires individual consideration to ensure you are clear on the benefits and any associated risks.
It is beneficial to chat to us as we will determine which is the best and most cost-effective option for you and any linked costs you must consider i.e. Early repayment charge (ERC).
CO OWNERSHIP
Co – ownership is a government funded scheme an is a mortgage option for this with a low or NO deposit, or when affordability criteria for a full mortgage is not within their reach. It is for many an affordable way to get on the property ladder.
You pay the mortgage payment to your lender and also pay co-ownership housing the rent payment on their loan part. Please visit About About Co-Own | Shared Ownership Northern Ireland | Co-Ownership
Following hyperlink you will be departing from the regulatory site of KW Mortgages. Neither KW Mortgages or PRIMIS Mortgage Network is responsible for the accuracy of the information contained within the linked site.
RIGHT TO BUY
The Right to Buy scheme is a policy which gives the secure tenants of councils (NIHE) and some housing associations the legal right to buy the council house they are living in at a discount, as long as the tenants and the property are eligible for the scheme. Once you've been a tenant for 5 years you may be able to buy your home. Right to buy | Housing Advice NI
Housing association tenants must apply to buy their home by 28 August 2022. This legislation does not affect Northern Ireland Housing Executive tenants.
Following hyperlink you will be departing from the regulatory site of KW Mortgages. Neither KW Mortgages or PRIMIS Mortgage Network is responsible for the accuracy of the information contained within the linked site.
BUY TO LET / LET TO BUY
A buy-to-let (BTL) mortgage is purchasing a property which is then rented out to tenants. BTL mortgages generally require a 25% deposit and interest rates tend to be higher than residential mortgages. Property owners can choose if they wish to have the loan on an interest only or repayment basis. Let to Buy (LTB) is a mortgage giving homeowners the freedom to move from their existing house, removing any pressure to sell.
LEARN MOREFOREIGN CURRENCY
As you can appreciate while all UK lenders will consider income paid in GBP, those lenders accepting foreign income (Euro, USD etc) is limited. Thankfully we have access to a number of mortgage lenders who will consider Euro Income and a range of other foreign incomes. We have been successful in securing mortgage loans for our clients not paid in GBP. Lenders foreign income criteria is very specific, so we can determine quickly if you fit that criteria or not.
- 01FIRST TIME BUYER
- 02REMORTGAGE
- 03SELF BUILD
- 04MOVING HOME
- 05CO OWNERSHIP
- 06RIGHT TO BUY
- 07BUY TO LET / LET TO BUY
- 08FOREIGN CURRENCY
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
The Financial Conduct Authority does not regulate most Buy to Let Mortgages.
1. First time buyer
Pre-approval aka decision in principle is a key first step for anyone trying to purchase a home. We are mortgage experts who will confirm if you are mortgage ready and what house price range you fit. We work through all of the UK & N.I. lender’s criteria, to find the best mortgage solution for your needs.
If you are happy with our advice, we will proceed to provide you with a decision in principle. Allowing you to go and find the house you love, and make an offer. As is the case with all of our clients we manage the full mortgage application process through to receipt of formal mortgage offer, until you secure the keys to your new home. As a first-time buyer we would encourage you to read our guide First time Buyer Mortgage & Protection Process.
2. Remortgage
£ for £ remortgage is renewing your current loan balance either with your existing lender on a Product transfer rate or to another lender on one of their rates.
Additional lending remortgage is securing additional funds against your property via a further advance from your existing lender or a remortgage to another lender.
We would encourage you to read our Guide Suitable Versus Unsuitable reasons to Remortgage
3. Self build
We are so proud to have been able to make the dream of building their own unique home a reality for many of our clients across Northern Ireland. The biggest difference between a self-build mortgage and standard residential mortgage is that the funds are given to you in stages rather than as a single lump sum. This is to reduce the lender's risk and ensure that the money is spent as planned so you don't run out when you are only half way through the self-build project.
You will need full Planning Permission/Building Control in order to get approval for a self-build mortgage. Let us advice you on a self-build mortgage, allow your dream to become a reality, and make it easier for you to construct your own unique home from concept to completion. We would encourage you to read our guide to Self-Build Mortgages.
4. Moving home
You have decided to relocate, upsize or downsize and you need a mortgage loan to purchase the new home. There are a few ways this can be achieved, and each option requires individual consideration to ensure you are clear on the benefits and any associated risks.
It is beneficial to chat to us as we will determine which is the best and most cost-effective option for you and any linked costs you must consider i.e. Early repayment charge (ERC).
5. Co-Ownership
Co – ownership is a government funded scheme an is a mortgage option for this with a low or NO deposit, or when affordability criteria for a full mortgage is not within their reach. It is for many an affordable way to get on the property ladder.
You pay the mortgage payment to your lender and also pay co-ownership housing the rent payment on their loan part. Please visit About About Co-Own | Shared Ownership Northern Ireland | Co-Ownership
Following hyperlink you will be departing from the regulatory site of KW Mortgages. Neither KW Mortgages or PRIMIS Mortgage Network is responsible for the accuracy of the information contained within the linked site.
6. Right to buy
The Right to Buy scheme is a policy which gives the secure tenants of councils (NIHE) and some housing associations the legal right to buy the council house they are living in at a discount, as long as the tenants and the property are eligible for the scheme. Once you've been a tenant for 5 years you may be able to buy your home. Right to buy | Housing Advice NI
Housing association tenants must apply to buy their home by 28 August 2022. This legislation does not affect Northern Ireland Housing Executive tenants.
Following hyperlink you will be departing from the regulatory site of KW Mortgages. Neither KW Mortgages or PRIMIS Mortgage Network is responsible for the accuracy of the information contained within the linked site.
7. Buy to Let / Let to Buy
A buy-to-let (BTL) mortgage is purchasing a property which is then rented out to tenants. BTL mortgages generally require a 25% deposit and interest rates tend to be higher than residential mortgages. Property owners can choose if they wish to have the loan on an interest only or repayment basis.
Let to Buy (LTB) is a mortgage giving homeowners the freedom to move from their existing house, removing any pressure to sell.
Let to Buy (LTB) is a mortgage giving homeowners the freedom to move from their existing house, removing any pressure to sell.
8. Foreign currency mortgages
As you can appreciate while all UK lenders will consider income paid in GBP, those lenders accepting foreign income (Euro, USD etc) is limited. Thankfully we have access to a number of mortgage lenders who will consider Euro Income and a range of other foreign incomes. We have been successful in securing mortgage loans for our clients not paid in GBP. Lenders foreign income criteria is very specific, so we can determine quickly if you fit that criteria or not.