BEST BUY MORTGAGES
DIFFERENT MORTGAGES FOR DIFFERENT MORTGAGE NEEDS
What you should really know about mortgages
Whether you are a first time buyer or an experienced house buyer it is important that you obtain the right mortgage advice for your particular mortgage needs. By allowing MIDAS FINACIAL SOLUTIONS to identify with quality and often unique mortgage products can make the searching for the mortgage you want a good deal easier.We broadly search the mortgage market place for good mortgage lenders that can provide the mortgage products and services that you really want to see
• Up to 5 times income
• 100% lending and no deposit
• In some cases up to 125% + can be borrowed against valuation, i.e. value 100K borrowing potential £125,000 - additional funding can be used to support offers over valuation.
• Recognised professions can attract up to 5 times income
• Assistance with Legal Fees, Removal costs, Valuations. All mortgage types & options available Fixed, Discount, Tracker, Flexible and Offset and more. Plus a number of Exclusive mortgage products only available to MIDAS FINANCIAL.
• Let us assist you with your first steps towards house purchase and see the difference for yourself. Please contact us by phone on 0844 800 1137, use the Call back form or use the brief Enquiry form, and then simply allow us to assist you with further information without any obligation whatsoever.
Overpayments allowed without penalty - this means that you may overpay on a monthly basis or make lump sum payments to reduce the capital balance of your mortgage, and therefore pay your mortgage off quicker, saving you money in interest payments.
Daily interest calculation - this means that you gain advantage immediately on any reduction in capital, either by making a standard payment on a capital and interest mortgage or by making an overpayment(s). The day after you make a capital reduction, the interest due is calculated against the lower capital balance. You can therefore either reduce your monthly payment periodically but retain the same mortgage term (in years), or retain the same monthly payment but reduce the term over which you pay the mortgage. Both methods will save you money in interest - this may be significant over the full term of the mortgage.
Underpayments or payment holidays allowed - some flexible mortgages will allow you to make underpayments (pay less) or take a payment holiday (not pay your mortgage for a specified period of time). This is sometimes only allowable if you have previously made overpayments on the account, although some lenders will allow this anyway, providing the total capital balance remains below a certain loan to value. The benefit associated with this feature is that it allows a reduction in outgoings for certain 'expensive' months, such as Christmas or holiday months. It can also be a very useful feature for self employed applicants, particularly those that may have a seasonal fluctuation in their income.
Draw down facility
- this is a feature whereby you may draw out money against your mortgage account, from the spare equity available in your property, with immediate effect. This is usually by way of a chequebook facility and up to a predefined Loan to Value limit. Any money borrowed against your property in this way will be charged at the same interest rate as the rest of the mortgage balance. This feature may be useful for business purposes, allowing applicants to draw money out and pay it back in at will (within specified limits).This is just an overview of some of the features associated with Flexible Mortgages. For further information, please either give us a call on 000000000 or just submit the brief ENQUIRY FORM and a mortgage adviser will be able to provide you with further information without any obligation.
For a fuller assessment of the mortgage market please contact MIDAS FINANCIAL who will be able to provide you with suitable mortgage information without any obligation.
Contact us by phone 0844 800 1137 or ENQUIRY FORM or CALL BACK without any obligation and see how we can help.
