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Mortgages

Our highly experienced mortgage advisors will take great personal care to guide you to the exact mortgage that meets the needs of you and your property. As an exceptional mortgage broker, Prime can offer the best choice of mortgages from across the market including exclusive deals not available to the general public.

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Mortgage Broker UK

Save time and hassle searching through all the mortgage deals available from banks and building societies and let the best mortgage broker find the perfect product for you! We offer friendly, easy to understand personal advice.

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We help you to find and apply for the best mortgages in the UK

There is a broad selection of mortgages on the market, and it can be complicated and very time consuming to find out which one is right for you. Here at Prime Financial Solutions and Mortgages Ltd we will look to ensure that you find and apply for the best mortgages in the UK to suit your needs.

It’s worth noting that few mortgages are identical, and the features, conditions and benefits differ from lender to lender. But before you dive straight in, you will need to weigh up a few significant factors before going ahead.

An adult can apply for a mortgage. In the United Kingdom, people from outside the UK may take out mortgages either in residential or non-resident terms. Every bank or building society will have its own set of requirements, but in general some of the main factors are:

  • Age: Since mortgages are essentially home loans paid out over a long period of time, it is more difficult for certain older age groups to take out mortgages in the UK. Most banks and building societies will not flat-out refuse older applicants, but they will probably ask for a larger initial deposit and limit the time allowed to pay back the mortgage.
  • Income and job security: Lenders will need to be confident that mortgage payments will be met and so they will calculate any potential extra risks when offering mortgages. This may disadvantage self-employed workers and freelancers and there will be a need to show extensive proof of earnings. The amount you can borrow will depend on how much the mortgage lender thinks you will be able to pay back comfortably.
  • Credit score: As with loans and credit in the UK, credit history is reviewed to decide whether you qualify for a mortgage. If you have a poor credit rating or a low credit score (you can check your credit score with Equifax and Experian), lenders can be hesitant to approve a mortgage. The best thing to do in these situations is to spend some time trying to boost your score (e.g. paying off any outstanding debts, making sure you ‘re on the electoral register).
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Types of mortgages in the UK

To those unfamiliar with mortgages, the range of mortgage products available in the UK can be really confusing. Fixed rate and flexible mortgages are the main two types of mortgages in the UK. Some specialist types also exist for different circumstances.

At Prime we focus on finding mortgage solutions for:

  • First time buyers
  • House purchases
  • Remortgages
  • Self Employed
  • Self-build
  • Buy-to-let

Here’s a brief overview of the key mortgage types offered across the UK:

  • Fixed-rate mortgages
  • Variable rate mortgages
  • Discount mortgages
  • Tracker mortgages
  • Offset mortgages

Home ownership in the United Kingdom is a big deal and it is regarded as a top priority for many including those that don’t want to rent. Whether you are a new buyer or if you’re looking to upsize or downsize, ask yourself if you are willing to make the required mortgage repayments in addition to paying existing bills and living costs.

Contact us to discover all your options

A mortgage loan may contain interest, but how it is measured will impact what you are paying annually and there will be an impact on the mortgage itself throughout the life of the mortgage. Most established lenders will offer a range of mortgages with various interest options – contact us to discover all your options.

Successful mortgage applications – tick all the required boxes

Approvals for mortgages will not just happen by chance. Successful mortgage applications are generally those that tick all the required boxes. Proving that you can afford mortgage repayments is necessary before a lender feels confident enough to loan you the money. Although the final decision will always rest with your lender, there are a couple of things you can do to boost approval chances.

Mortgage Broker for Wigan and the UK

The best mortgage will always be the one which is more affordable so you can meet your home purchase goals. Ultimately, you have to determine whether you should make a mortgage request or not. Your mortgage broker, bank or building society will always be best equipped to advise you further.

Mortgage applications can take up a lot of your time and expense. Prime Financial Solutions and Mortgages Ltd is an established mortgage broker and life insurance broker, based in the centre of Wigan, Greater Manchester. We are respected and recognised by the FCA and we can help you to find the best possible solutions in the shortest amount of time. Contact Prime today to book a free consultation.

To find out more you can contact us by email enquiries@primefs.co.uk and by phone 01942 665436 or you can use our quick contact form. You can visit us at Rodney House, King Street, Wigan WN1 1BT. If you would like to complete a quick online application for Life Insurance you can go straight here to get your free quote.

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