There are lots of mortgage products on the market so it could be easy to end up with the wrong mortgage. Mortgage Brokers (Midlands) could change that for you:
Today, banks are more careful about who they lend to and how much they lend. Before this recession, lenders were happy to hand out 100% mortgages for amounts that were at great multiples of a borrowers' income. However, following the Mortgage Market Review (MMR) which came into force April 2014, all borrowing ability will be based on an individual basis. This will not use income multipliers but will look at individual expenditure now and affordability after the impact of potential future interest rate increases.
We will do a full assessment and advise you on the most suitable mortgage for your situation.
The Financial Conduct Authority does not regulate on Buy to Let mortgages.