your guide to purchasing a
home with
A MORTGAGE
tell me about the
MORTGAGE PROCESS
The mortgage process for purchasing a house begins by determining your budget and securing a mortgage agreement in principle, which shows how much a lender is willing to lend based on your financial circumstances.
Generally, the maximum loan-to-value (LTV) ratio for a standard mortgage purchase is 95%, allowing you to borrow up to 95% of the property’s value with a 5% deposit. However, this maximum LTV can change depending on specific factors related to the borrower or the property. For example, if you have a lower credit score or an unstable income, lenders may reduce the maximum LTV, which could require a larger deposit. Additionally, certain property types, such as new builds or leasehold properties, might have different LTV limits. Factors like the lender’s policies and your financial profile significantly influence the LTV available to you, so it’s essential to ensure you’re getting the best possible deal.
As you explore our site, you’ll find a variety of mortgage options available. We encourage you to get in touch with us to learn more.
MAKE AN ENQUIRY
“Being first time buyers we thought we’d be fine doing everything ourselves. This proved to be wrong as we hadn’t anticipated all there was to do, this also resulted in us receiving a very low mortgage offer. We were put in contact with Roxy via our estate agent and from the get go we knew we should have sought her out straight away.
Not only did Roxy find the best mortgage offer, it meant that we were able to secure our dream house, which I’m glad to say we are now in. Roxy kept us informed throughout the whole process and also arranged everything else including life insurance, house and contents insurance.”
PAUL
York
