Mortgage Services

We will provide you with a 'Terms of Business' Letter and 'Key Facts about our Services' Document. In accordance with the above your Adviser will receive payment on the basis indicated below.

Fee Option 1: A fee of 1.00% of the mortgage advance payable on confirmation of a mortgage advance subject to a typical fee according to the type of work required. (for example if you take out a loan of £100,000 you will need to pay £1000) and we will refund to you any commission that we receive from the provider.

Fee Option 2: A fee of 0.50% of the mortgage advance payable on confirmation of a mortgage advance subject to a typical fee according to the type of work required. (for example if you take out a loan of £100,000 you will need to pay £500.00) and we will receive commission from the provider.

Fee Option 3: A fee as in option 1 and 2 above, but with a pre agreed discount with your adviser.

Your home may be re-possessed if you do not keep up repayments on your mortgage.

The Financial Services Authority does not regulate some forms of buy to let mortgages.

We are able to offer assistance with all types of mortgage, including...

 

First Time Buyers

Are you looking for your first mortgage...

At Hart we are here to make the intimidating task of buying your first home as easy for you as possible. Using plain and simple English, walking you through the procedures is something that we insist should be done so that you are sure you know everything there is to know about you and your mortgage.

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Remortgages

Remortgaging your property can take many forms.

For example:

  • To move off the lenders standard variable rate
  • To raise capital for personal reasons
  • To make overpayments and reduce your overall mortgage term
  • To move to a more flexible mortgage, eg; with no early repayment charges, offset facility, reverse facility, cue payments, borrow back, etc
  • To raise capital to purchase a second/holiday home
  • To raise capital for debt consolidation*
  • Home improvements
  • To reduce monthly mortgage payments

Either way Hart can help you achieve your goal. We deal with each case on its individual merits and treat all of our clients as individuals, thus ensuring you receive the quality of service you deserve.

Our aim as Independent Mortgage Consultants is to scour the marketplace to find you the most competitive rate using a multitude of comparisons ensuring that it puts you in more financially viable position. We also have access to intermediary exclusive rates which are not available to the general public and can be lower than those that you will have found yourself.

*Debt consolditation - Think carefully before securing other debts against your home.  Your home may be repossessed if you do not keep up repayments on your mortgage.

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Next Time Buyers

As well as providing support and guidance for First Time Buyers and people who are looking to Remortgage, we also offer the same service to those who are looking to sell their existing property and purchase another, Next Time Buyers.

We can provide you with the following assistance:

  • Expertise, professionalism and contacts within the industry
  • Solicitors at a competitive price
  • Communication on your behalf between lenders, solicitors and estate agents
  • Arranging surveyors and valuation requirements
  • A fast, friendly and efficient service

It's probably been a while since you bought your home and you may not remember where to begin sorting out your mortgage, or you just want to know more about the new options available to you. If so, then contact Hart on 01722 412985 or click here.

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Buy To Let / Let To Buy

With many traditional investment vehicles such as endowments, pensions and stocks & shares now being so low, many people are turning to property management to provide them with extra income with a view to topping up or even providing them with a pension in the future.

Hart has access to lenders who will advance up to 85% of purchase price who offer very competitive rates.

  • The monthly rental income should cover the mortgage payment thus leaving you with a profit
  • At the end of the mortgage you own the property outright and can use the proceeds of sale for anything you wish such as holidays, new car or pension.
  • You do not need to stop with just one property either, we have lenders who will let you build up a portfolio of properties up to a value of at least £2 million.

As well as the 'Buy to Let' scenario, there is also the format of 'Let to Buy'. This basically means rather than buying another home to rent out, you purchase another home with the intention of moving into the new one and letting your existing property out.

Some people prefer this as it means that they can keep their existing property for either future use or as further security for their new property. Hart has helped many of our clients in the past to achieve this goal and could help you too.

www.cameronresidential.com - For Buy To Let Management

The Financial Services Authority does not regulate some forms of buy to let mortgages

The overall cost for comparison is 7.90% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration

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Right To Buy

In 1981, a new act came to power enabling tenants of the local authority to buy the property that they live in. This covers tenants renting from the council, a non-charitable housing association or an 'action trust'. Most of the time a right to buy mortgage will cost less than on the open market because as a tenant you can obtain a discount:

  • 32% after two years
  • Rises by 1% per year to a max of 60%
  • Flats can rise to 70%

Qualification for the discounts relies on you fitting certain criteria as follows, You must:

  • Be the named tenant on the home you wish to purchase
  • Have been living at the property as a named tenant for the same council or another council/landlord for at least two years.

For many of you this will be the first opportunity you have to get onto the housing ladder so you will effectively also be a First Time Buyer. There are a few more restrictions and rules that need to be adhered to when purchasing your home from the local authorities. Hart is one of the leading advisers in this area and are ready to help you now.

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Shared Ownership

If you live in a housing association property, you may be in the fortunate position of being able to buy from them. You can do this in many ways, one of them is to purchase a percentage of the property (e.g. you purchase 50% of a £100,000 property, you own half and the other half still belongs to the housing association) and then buy another portion/the rest in the future.

This obviously allows you to get onto the housing ladder without over-stretching your budget. Hart Financial has assisted many people in the past to achieve this and helped our clients to finally own their own home.

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Self Certification

With a self-certification mortgage you declare what your income is but you do not need to provide any proof. Self-certification mortgages are suitable for applicants whose income is not easily verifiable whether you are employed or self-employed.

These job types can include:

  • Unsalaried company directors
  • Contractors Commission based workers
  • People with seasonal or temporary earnings
  • People with more than one income
  • Borrowers on a low wage who have an inheritance fund or other family income
  • Freelance workers

If you fall into one of the above categories you're probably one of many who know you can afford a mortgage, but have difficulty proving your income. Fortunately there are a number of competitive self-certification mortgage products available.

As a specialist independent self-certification mortgage consultant, we have access to a number of intermediary, exclusive deals from both mainstream and specialist mortgage lenders. Some of the better deals are not available in the high street and are only available through intermediaries such as ourselves.

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