Making the mortgage and insurance game less complicated
A mortgage is the largest financial commitment most people enter into during their lifetimes. It is crucial that you are provided with the correct guidance and advice to ensure you are on the right track. Whether you are a first time buyer, a home mover, looking for an investment property or looking to remortgage, our experienced advisers are here to offer their expertise and friendly service.
sometimes in life, there are unforeseen and unexpected situations that arise, which can affect your income. In the case of something like this happening, it could impact your ability to pay your mortgage and maintain your lifestyle. At TR Financial, we are here to provide you with solutionsIt is best to review your current insurance provisions with an expert to ensure they are fit for purpose. Our friendly and expert advisers will make sure we find a solution carefully tailored to your needs.
Your house is only one piece of your broader financial puzzle. What better time to continue the conversation about your finance than when you have just taken out a mortgage. Without a clear structure and plan in place it can be difficult to understand where the journey begins and what the end goal looks like.
Each part of your asset base will work in isolation and it will be difficult to put all the pieces together. Our team will work with you to understanding your individual circumstance to put goals and objectives into place as well as the mechanics to achieve this. Our team recognise that each client’s circumstance is individual and therefore believe in building a bespoke financial solution for each client.
Our team work closely with you and your business to understand exactly what you need, not just now, but into the future. We have a wide range of lending products available to us and can work alongside your existing lenders to find a solution that works for you and will help your business to thrive and grow.
We can work quickly to get the funding in place. Wherever you are in the country we have an expert close by who will work hard on your behalf to get the funding you need as quickly as possible, and will always be on hand to answer questions, resolve issues and support your business.
But the differences don’t end there. For us, it’s about building long-term relationships and bringing in expertise from across our organisation to help your business to meet its goals. Our success with existing businesses shows that we know what we are doing. We are growing and we are ready to introduce you to our lending partners. If you are looking for funding to take the next step for your business, please get in touch with us today – we would love to talk to you.
A mortgage is the largest financial commitment most people enter into during their lifetimes. It is crucial that you are provided with the correct guidance and advice to ensure you are on the right track. Whether you are a first time buyer, a home mover, looking for an investment property or looking to remortgage, our experienced advisers are here to offer their expertise and friendly service.
When looking at what you’d like to borrow, there are numerous factors that our lender partners will consider. These include things like your deposit, the property purchase price you’re looking at, any financial commitments you may have and the length of how long you’d like to take the mortgage over. Generally the average calculation without considering all of the above is around 4.75 multiplied by your annual gross salary. This is for a residential property. If you’re looking at a Buy to Let property, then they base what you can borrow on the rental income you can achieve. We have numerous lenders who can stretch income multiples even further based on your situation so talk to us and we will run some of the numbers for you.
Typically for a residential property, the minimum deposit you will need to purchase start from 5%. Some government schemes will help with your deposit but you will still need to put in a minimum of 5%. For a BTL property, the minimum deposit is 20%, however the majority of lenders will require a 25% deposit.
These again will vary depending on what you’re looking to do. The general documents that most lenders will want to see will be...
1. Either 3 months of salary credits if you’re employed or 2 years of tax. assessments if you’re self employed.
2. 3 months personal bank statements evidencing your salary credits and day to day living expenditure.
3. Proof of your deposit by a way of a savings account or evidence of money being gifted.
All other documents will depend on if you’re using other income to support your mortgage application. Finally, you will need to provide identification and proof of address but with our fantastic technology, we should be able to electronically verify you which would mean we may not need to see your originals.
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Anim pariatur cliche reprehenderit, enim eiusmod high life accusamus terry richardson ad squid. 3 wolf moon officia aute, non cupidatat skateboard dolor brunch. Food truck quinoa nesciunt laborum eiusmod. Brunch 3 wolf moon tempor, sunt aliqua put a bird on it squid single-origin coffee nulla assumenda shoreditch et.
The repayments calculator helps you to work out how much your monthly payments could be.
The repayments calculator helps you to work out how much your monthly payments could be.
Download our Booster guide to get into the nitty gritty of how your family member could help you buy your dream home.
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