A mortgage strategy for life for your property plans in Rickmansworth and beyond
Our friendly team of advisors take the time to get to know your personal circumstances, individual goals and what you plan to do in the future in order to form a mortgage strategy made for you. At Private Wealth Mortgages, it’s less about a list of lenders and more about finding the right fit for your life.
So whether you’re a property investor, a first time buyer, remortgaging or making your next move on the property ladder, we can help you find mortgage options that give you financial security and help you with what’s best for you.
We have combined experience in the team of over 30 years, helping a wide range of people, regardless of their income, profession or credit history. We are skilled at liaising with lenders no matter how complicated the case may be. Most of our business comes from recommendations, which we recognise as a sign that we are providing a significantly valuable service to our clients.
Some more reasons why you might choose Private Wealth Mortgages as your local adviser
– Our friendly qualified mortgage advisors are skilled at navigating the complex and constantly changing mortgage market, ensuring clients receive a property financial strategy for life.
– We know that the mortgage search and application process can be lengthy, so we make sure we keep things simple – taking care of much of the paperwork, and ensuring you are kept up-to-date with information.
– It’s not just about the mortgage – We are the qualified advisors Rickmansworth residents can rely on to guide them through the entire property purchase. This includes recommendations for: surveyors, conveyancing specialists, as well as, protection and insurance policies.
– We are an impartial business and are not affiliated to or associated with any specific financial institution or lender. What this means for you is greater confidence in our ability to give the most appropriate mortgage advice and options. We are authorised and regulated by the Financial Conduct Authority (FCA) and are members of the Equity Release Council (ERC), the industry body for equity release mortgages.
Chris and Alastair, Bracknell
Throughout the whole process your team have been nothing but outstanding. A pleasure to deal with in every regard.
Mortgage and Protection Adviser
Mandy started her career working for Nationwide, and brings 25 years of experience to help her clients achieve their plans and goals.
Q: How much will I be able to borrow on a buy to let mortgage?
A: The amount you can borrow on a buy to let mortgage will depend on several different factors. When it comes to a typical residential mortgage, for a property you are planning to live in, most mortgage lenders or banks will assess whether the property loan is affordable by looking at your income and outgoings.
However, when it comes to a buy to let mortgage, a bank is most likely to review the income you can expect to receive from rent, first. They will also require information on your own personal finances. This includes bank statements and proof of income, as well as regular financial commitments and any debt you may have.
This and other factors can contribute to a successful application for a buy to let mortgage. We recommend discussing your own individual circumstances and goals when it comes to buying a rental property with one of our professional, qualified mortgage advisors. Call: 01403 270006 for a free no-obligation chat.
Q: How does a first-time buyer mortgage work?
A: A mortgage is a loan from a bank, building society or other financial institution that allows you to purchase a property. It is calculated based on your income and ability to repay the loan, often taking your outgoings and expenses or any debt you have into consideration. In addition to the amount you need to borrow to purchase a home, a bank or lender will add interest onto the value, and the total is paid off over the term of the mortgage with regular (often monthly) payments. Contact one of our qualified advisors, where we can access your personal circumstances to work out the best first-time buyer mortgage for you.
Q: What is a Lifetime Mortgage?
A: A lifetime mortgage is a form of equity release. It is essentially a long-term loan secured against a homeowners’ property — a way of unlocking tax-free cash from the value of it, without needing to move.
There are many different types of flexible lifetime mortgage schemes, from a variety of lifetime mortgage providers, that can be tailored to your individual circumstances and needs, such as, an interest only lifetime mortgage, drawdown and roll-up options. We strongly advise chatting through what your plans are with one of our experienced and impartial lifetime mortgage advisors.