Guest (new) 01 Country house narrow

Guest Independent Mortgage Advice Ltd is an Appointed Representative of TenetLime Limited, which is Authorised and Regulated by the Financial Conduct Authority. TenetLime Limited is entered on the Financial Services Register (www.fca.org.uk/register) under reference 311266.

 

Guest Independent Mortgage Advice Ltd is registered in England & Wales under registration number 05012618. Registered address: Old Anglo House, Mitton Street, Stourport on Severn DY13 9AQ.

 

The information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

01527 306 425      hello@guestindependent.com

LinkedIn grey Tw 02 YT 02 FB grey Submit an enquiry

FREQUENTLY ASKED QUESTIONS

Our sourcing software allows us to compare the majority of the mortgage market. There may be some ‘direct only’ deals that are not included.

“DO YOU SEARCH ALL LENDERS?”

“WHY SHOULD I GO THROUGH YOU, RATHER THAN DIRECT TO THE LENDER?”

“WHAT ARE YOUR FEES?”

“HOW MUCH CAN I BORROW?”

“WHAT CAN I BORROW ON A BUY TO LET?”

“DO YOU DO HOME VISITS / EVENING & WEEKEND APPOINTMENTS?”

“CAN I GET A MORTGAGE WITH A POOR CREDIT RATING?”

“WHAT INFORMATION / DOCUMENTS WILL YOU NEED?”

There are many comparison sites and best buy tables available online. If you are happy to source your own mortgage rate, check lender criteria to ensure you meet all requirements, liaise with the lender directly from start to finish (often waiting days or weeks for an appointment), chase the lender, estate agents, solicitors etc yourself, source your own protection and insurances and determine whether they are suitable (etc, etc), then our service is probably not for you.

The initial appointment is free and without obligation. Our typical broker fee is £300 paid only on completion (when the mortgage starts). This completion fee can be higher (up to £500) for very complex cases, or lower e.g. for a Rate Switch / Product Transfer. The amount of our broker fee will always be agreed with you in writing before proceeding with an application. We may also receive commission from the mortgage lender.  You will receive a personalised illustration when considering a particular mortgage. This will highlight the key facts about the mortgage product including any fees relating to it.

Lenders look at affordability in a lot more detail than they used to so the old ‘x times your income’ guide has become redundant. There is no charge for an initial consultation and in most cases we can give you a good idea of your borrowing capacity from this.

A buy to let mortgage is usually assessed using the anticipated rent the property can achieve. Most lenders will also seek evidence of a minimum personal income. The maximum loan is typically 75% although a higher percentage may be possible.

Currently we only do home visits in Bromsgrove and nearby, and can do early evening and Saturday appointments subject to availability.

Possibly. We would suggest an appointment and ask you to bring a full credit report (as well as other documents as advised) for anyone to be named on the mortgage. Mortgage deals may not be available and lending is subject to individual circumstancews. You can get a free credit report at www.noddle.co.uk

For all applicants we would need three full months personal bank statements (itemised), ID and proof of address. Proof of income is typically 3 months payslips and latest P60 (employed) or latest 2 to 3 years accounts or tax returns (self employed / directors). Proof of deposit is also required (unless equity from property sale). If a deposit is gifted by family we still need proof of deposit, plus ID and proof of address for that family member. This is not an exhaustive list and you will be advised of exact requirements at the approriate time.

THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE COMMERCIAL MORTGAGES AND MOST FORMS OF BUY TO LET MORTGAGE.

A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME OR PROPERTY. YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.