Click on the list below to move directly to the section you are interested in.
If what you want isn't on the list, call 01635 46100 and we will be happy to advise you.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER DEBT SECURED AGAINST IT.
Securing short term debts against your home could increase the term over which they are paid and therefore increase the overall amount payable
Buying Your First Home
Probably the largest purchase you will make in your life - it's exciting and in the same breath, overwhelming.
We wholeheartedly understand and promise to help you get it right, first time.
No incomprehensible jargon!
You will need to know the difference between interest only and repayment, fixed rate versus tracker, what length of mortgage deal to opt for, where to obtain buildings and contents insurance and, budget planning - we will guide you through the entire process and explain everything with a refreshingly uncomplicated approach.
Our aim is to make sure your first time buying experience is as stress-free and pleasant as possible.
SHFS can also provide in-depth advice and support to help you successfully secure a home through the various Government Housing Schemes, including Shared Ownership and Shared Equity.
SHFS have an excellent reputation for taking special care
of first time buyers, read what our customers say...
Move Vs Improve
Do you have home improvements on your agenda?
A new kitchen, an extension, a garage or loft conversion?
Perhaps your family is growing but you don't want the expense or inconvenience of moving home.
Consider how much you would have to spend on removal costs, solicitors and estate agents fees, money that can go towards your home improvements. It makes sense to release some of the capital in your home rather than take out an expensive loan. It's faster, cheaper and much less stressful!
Borrowing against your home is usually a swift and uncomplicated process. It all starts with a quick phone call and a few questions; we should be able to get you 'improving' within two weeks!
Call and talk to us today - 01635 46100
Moving your Mortgage
There are two excellent reasons to move your mortgage:
The satisfaction of saving money month-on-month
More money in YOUR pocket rather than the banks
Simple, satisfying reasons - you've worked hard for your money,
so let us help you keep as much of it as possible!
Tap into our knowledge bank - it's crammed with mortgage products you never even knew existed!
We'll call you the day before your appointment to remind you, after all, saving what could be £1000s is an appointment not to be missed! And we can help with all the tedious paperwork, we help you complete it and explain the process in plain English.
Whilst you are with us, we recommend you try our 'insurance health check' and discover how much more money you could save by switching to our cost effective insurance products - as ever - no obligation, just honest, free advice!
Also make an appointment right now to book in at least 4 weeks before your current mortgage deal comes to its natural end.
Increasing your Mortgage
Do you want to
- - purchase a holiday home
- - Start a business
- - make home improvements
- - pay for school or university fees
- - settle a divorce
- - consolidate debt ...?
We have helped many people increase their mortgage when 'needs must', and for far more pleasant reasons.
It's a fairly straightforward process; we calculate how much you can borrow taking into consideration your income and your expenditures.
We rarely advise changing lenders when there are redemption penalties involved, however if you are increasing your mortgage significantly, it may be beneficial to change and certainly worth investigating as lenders tend not to offer their most competitive rates to existing borrowers, especially when increasing their mortgage.
All you need to do is phone and make an appointment to talk over your options, and we'll set the ball rolling so you can get on with utilising the extra cash you need as soon as possible.
A note on 'secured loans'
Bear in mind that if you are considering a loan secured against your property, the lender will get second call on your property if your property is repossessed because you can't meet the payments. If your income is not sufficient to secure the amount you need, you could consider this option, but bear in mind that the rates are generally more expensive than those of a mortgage.
Thinking of investing in your first 'second property'?
SHFS have a wealth of experience and know-how to help you through this exciting though perhaps daunting venture! From choosing the right type of investment property to the do's and don'ts of being a landlord and everything in between - we'll help you do it all properly, safely, legally.
...of course if you've done it all before, we'll just get busy finding you a great mortgage deal!
Read what our customers say...
A few 'buy-to-let' notes for novices...
Generally lenders will expect you to have a personal income of between £20,000 and £25,000 so that you can cover mortgage payments ever when your rental property is not generating income.
Buy-to-let lenders typically require a minimum deposit of 25%, and more if the rental generated is not high enough.
The lender will instruct a surveyor, who will determine what rent the property is likely to generate and to ensure the income generated through rental covers the interest payments by 120%-130% (depending on the lender).
Some lenders restrict the number, or value, of buy-to-let mortgages you can have. They may also restrict the number of properties in close proximity to each other...
...just a small glimmer into the world of buy-to-let investments - phone or visit and we'll arm you with everything you need to know to successfully build your buy-to-let investment portfolio.
** In general Buy to Let mortgages are not regulated by the Financial Conduct Authority (FCA).
Another option for those considering a personal property portfolio...
Just as it sounds - the reverse of buy-to-let. With a let-to-buy property, instead of selling your house when you move, you remortgage it and let your tenants pay the mortgage, while you move into your new 'second' home.
The rules of let-to-buy lending tend to be more flexible and require less equity than buy-to-let, for instance you may or may not need a deposit as some lenders will allow the deposit to be released from your existing property via a remortgage or secured loan.
This is a very useful option if, for example, you are relocating due to a change of job or personal circumstances and need to purchase a new property while you are away.
Would you like to find out more?
Let us investigate your options, and then you can decide for yourself...
Equity Release Mortgages
Also known as 'Lifetime Mortgages'
This type of mortgage tends to be the best option for those who are retired and want to release equity from their home without making any ongoing interest payments to the lender. The amount borrowed is linked to your age and the value of your property.
Most schemes allow you to borrow approximately a quarter of the property value. The interest accrues and is taken from the value of your home when you die, along with the original amount borrowed.
Before taking on a lifetime mortgage we recommend you talk to your beneficiaries and also bear in mind that releasing equity can affect any means-tested benefits you are receiving, which could be withdrawn.
For a complete, jargon-free explanation, call or drop in and we'll happily talk you through the pros and cons of Equity Release Mortgages and the ability to refer you to a specialist supplier in this area...
Is your home life about to be split in two due to marital breakdown?
A major worry will be your home and your mortgage - you need to find out exactly what your options are. SHFS has helped many people through difficult times over the years, with valuable, straightforward advice.
Don't hesitate - just phone or call in. In addition to a clearer understanding of your situation, you will gain precious peace of mind.
In a nutshell, if you have an offset mortgage, the balances for your current account, savings and mortgage are kept in separate accounts with the same provider, and all balances are 'offset' against each other so that the total credit balances help reduce the interest on your mortgage, because interest is calculated on the net amount owing.
If you are curious and want to find out if this option would suit your lifestyle, we'll talk you through the pro's and cons and provide honest advice - no pressure, no fee and no obligation.
Buying a commercial property
Commercial mortgages cover a broad spectrum of lending:
- Offices and retail premises
- Pubs, hotels and restaurants
- Warehouses and factories
- Nursing and care homes
- Investment property (commercial and residential)
- Property development
Even though your own bank will already have details of your income, assets, expenditures and credit worthiness, and therefore be in a position to provide you with appropriate mortgage advice, a commercial mortgage broker will have a larger choice of potential lenders and should be able to improve on any 'offer' your bank makes.
At no cost to you, it's worth investigating your commercial mortgage options through SHFS as we are able to refer you to a preferred specialist supplier.
Commercial Mortgages are not regulated by the Financial Conduct Authority (FCA).