“We will find you the right mortgage available to suit you and your needs”
Buying a property can be the biggest decision made in our lives. It is for this very reason that professional advice is critical.
Whether you are a first-time buyer, home mover, looking to remortgage or purchase a second home, then Purely Mortgages can help.
Our advice is designed to be clear and tailored to suit your needs.
We use the most up to date industry approved sourcing system and have access to the whole of market for mortgages to ensure we find the right mortgage for you.
Different types of mortgages
Fixed rate
Variable rate
Discount rate
Flexible rate
Tracker rate
e.g. If the Bank of England base rate is 1% and the tracker mortgage is base + 2% then you will pay a rate of 3%. If the base rate goes down to say 0.5% and the tracker mortgage rate is base + 2% then you will pay a rate of 2.5%.
Different methods of repayment
Interest Only
without reducing the overall mortgage debt.
(subject to individual circumstances)
Capital & Interest (Repayment)
over the mortgage term.
Contact us today to find out how we can help
Call 07837 453401 or email info@purelymortgages.uk.com
The Mortgage Process
First Step
During our initial, no obligation consultation, we will explain the service that we provide and assess your mortgage requirements.
We will gather as much information from you as possible in order to make an informed recommendation on your circumstances. Once we have all the information we need, we will research the market using experience, knowledge, connections and systems to source the most suitable product for you.
We will then present you with the options available to allow you to make a fully informed decision on what your next step should be.
Making Your Application
If you are happy with our recommendation, the next step will be to either obtain a 'Decision in Principle' or make a full mortgage application.
Throughout the process we will keep you up to date with the progress of your application, liaising with the lender to ensure your offer arrives as soon as possible.
When purchasing a property many Estate Agents will expect you to have a 'Decision in Principle' or 'Mortgage Certificate'. This will demonstrate you have passed an initial assessment with a lender and a willingness to proceed with an application.
Please ask for further details.
Life Cover
For your peace of mind, we need to establish that you are adequately covered should there be a loss of life or your circumstances change.
This will be an assessment of any existing cover and a suitable recommendation to cover any shortfall. We take pride in looking after our client’s needs and it is vital that you are appropriately protected against the unexpected.
Home Insurance
It may be a condition of your mortgage that you have Buildings Insurance in place for exchange of contracts.
To save you time, we will provide a 5 star 'Defaqto' rated Buildings & Contents quote for you as standard. This will provide you with peace of mind that you have everything in place ready to complete on your mortgage.
Receiving your Mortgage Offer
Once we have secured your mortgage offer, we will let you know the good news.
You, your solicitor and our advisor will automatically receive the appropriate documentation from the lender.
We will then contact you to discuss what needs to happen next.
Staying In Touch
Things change. We will always be happy to hear from you should you need to discuss any of your financial arrangements.
Our system has been built to be on hand to review your circumstances at the appropriate time, to ensure that your mortgage and insurance is always competitive.