Mortgage FAQs

Do I need Life Assurance?
What is the lowest rate APR I can get on my secured loan? No. But a small monthly payment to provide life assurance will pay out a lump sum if you die during the term. This is a relatively cheap way to protect your family. Ensure that you have sufficient cover for all your debts, not just your mortgage.
What are early repayment penalties?
What is the difference between secured and unsecured loans? When a loan is redeemed (paid off) early, either in full or in part, many lenders will charge a fee.
This particularly applies to Fixed, Discounted or Capped rate loans or mortgages. We will always make you aware of these costs and how best to minimise them.
What does LTV mean?
What is the difference between secured and unsecured loans? Loan to value. This is the size of the loan or a mortgage as a percentage of the value of the property or price being paid for the property. For example, a property valued at £100,000 with a mortgage of £90,000 would have an LTV of 90%.
What does RTB mean?
What is the difference between secured and unsecured loans? This means "Right to Buy" for example when council house tenants have the right to buy their homes. We can lend to clients who purchased their house under this scheme, even within the first 3 years of ownership.
What does Self-Certified mean?
What is the difference between secured and unsecured loans? Lenders that operate this type of scheme allow the applicant to confirm how much they earn by "Self-certifying" their income. The idea is to help the self-employed without full accounts, or employed applicants who receive bonuses or other additional payments. Talk to us if you have difficulty in proving you earn enough to afford the loan you need.
What is a CCJ?
What is the difference between secured and unsecured loans? County Court Judgement. This is an order by a court against a debtor to pay money owed. We can help applicants with these or other credit problems.
What is an APR?
What is the difference between secured and unsecured loans? Annual Percentage Rate. The true rate of interest charged on a loan taking into account the total cost of interest and other charges like brokers fees or legal fees. The calculation is set out in statutory regulations. By using a panel of lenders, we ensure you have access to competitive interest rates.
Whose mortgages do we offer?
What is the difference between secured and unsecured loans? We only offer mortgages from a limited number of lenders. We have selected lenders who provide mortgage solutions for people who traditionally experience problems in obtaining finance through high street lenders.
What is an Adverse Credit Mortgage?
What is the difference between secured and unsecured loans? An adverse credit mortgage (sometimes known as a sub-prime mortgage) is a loan given to those with poor credit. Usually the borrower would have credit issues such as CCJs (County Court Judgements due to non-payments of outstanding debt), an IVA (individual voluntary arrangement that allows an individual to avoid bankruptcy and make maximum possible restitution to creditors), arrears (payments that have not been made by the due date), defaults (failure to meet the terms of a loan by not paying the interest or capital due), bankruptcy or repossession problems.