Mortgage Advice

At Morgan Peterson, we provide impartial advice on every type of mortgage for every type of client, including first-time buyers, existing home owners looking to remortgage, buy-to-let investors, and customers with adverse credit. With extensive knowledge of the complex mortgage market, and established relationships with all leading UK mortgage lenders, we have access to the whole market and are able to source and secure the most competitive mortgage deals for even the most complicated and delicate of client circumstances.

To ensure everything runs smoothly from start to finish, our team will guide you through all the paperwork, communicate between solicitors, lenders and estate agents to make your mortgage journey as easy as possible.

Getting started

How much can I borrow?

How much will my mortgage cost me?

How much deposit will I need?

How much will it cost me to move

How much stamp duty will I pay?

Do Morgan Peterson charge a fee for advice?

What other fees are involved?

What else is there to know?

What types of mortgages are available?

What are the interest rates?

What surveys are available?

By answering a few questions we will be able to give you a tailored mortgage illustration which give you an indication of how much it will cost.

What else do I need to know?

When you buy a new property, it’s critical that you take measures to protect yourself and your investment as much as possible in the event of illness, unemployment, separation, or any other significant change in circumstances. In addition to our mortgage services, we can provide advice and competitive quotes on the various types of insurance you may require as a home owner or buy-to-let landlord. In addition to essential Buildings and Contents cover, the most common types of insurance policies you may wish to consider are Life Insurance, Critical Illness, Income Protection, Redundancy & Unemployment, and Landlords’ Insurance. If you’re not sure what you need or what these policies cover, we will provide you with all of the required information to help you make an informed decision on what’s best for you and your family. 

WARNING: Your Home may be repossessed if you do not keep up your repayments on your mortgage.

 

What others are asking

How much can I borrow?

There are a number of factors that determine the amount you can borrow. It will depend on your income, whether its a joint application, overtime and bonuses amongst other things. You also have to consider that different lenders use different methods of calculating affordability.

How do we charge?

We may provide free advice as we often receive payment from the provider for introducing the business to them. If for any reason there are complex cases, any fees will be discussed prior to your any work carried out.

How long is the mortgage process?

This will differ from person to person. However, we will generally be able to assess all aspects of your situation and give a rough estimate of how long the process will take. A general rule of thumb is 6-8 weeks.

What deposit should I have?

This will differ from person to person, but a general rule is the larger your deposit, the better. The amount you can put down in the form of a deposit will make a significant difference when it comes to finding the best deal.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP YOUR REPAYMENTS ON YOUR MORTGAGE.

Key risks of buy to let Property

  • You may lose the property if you do not not keep up repayments 
  • Prices may go down – even within three months of purchasing.
  • Buy to let requires continued investment through essential maintenance. 
  • Tenants not paying rent (or letting agents not passing on rent) could cause you to lose your property if you can’t cover the cost of your mortgage and default on payments.