FAQs
Your Questions Answered
I'm on a fixed term mortgage that hasn't ended. Can I still remortgage?
Yes you can, some fixed terms have early repayment penalties whilst others have certain conditions. We can offer free initial advice to find out what your current mortgage conditions are and lay out all your options.
I'm a first time buyer, looking to utilize the help to buy scheme. Can you help me?
Absolutely. We have extensive knowledge of the current government schemes and can ensure you use the most suitable support to make your first purchase.
I have a poor credit history. What are my options?
Here at the Mortgage Tailoring Service, we specialize in complex cases including adverse credit and specialist mortgages. We can tailor our support to your specific case and find an option that suits you.
I'm self-employed, how do I access a mortgage that works for me?
Yes. We provide, expert initial advice - absolutely free of charge. We are happy to help you assess what you might be able to borrow so you have an idea of what types of properties to look at.
What is the difference between income protection and critical illness cover?
What is the best type of life cover for me?
You typically need a minimum of 1-2 years worth of accounts before applying for a mortgage as self employed. We can ensure you are able to access the deals that suit you best depending on your length of self-employment and affordability.
Both types of cover protect you in the face of a sudden illness that stops you from being able to work. Typically, income protection pays out a proportion of your monthly salary for a set number of months whilst critical illness cover is a lump sum that is paid out. We can help you to assess which is right for you based on your circumstances.
This would involve a remortgage of your current property, plus a new mortgage for your new home. We can handle the process seamlessly, ensuring you are able to access the equity in your current property to use as a down payment towards the second home whilst managing the paperwork so you can focus on the important things.
I'm looking to buy a second home using the equity in my current one - how does this work?
Every individual circumstance is different and every individual need is unique. We can ensure we run through your personal situation and offer you the best options that suit you, so you can make an informed decision.
Existing debt will affect how much you are likely to be able to borrow and typical mortgage calculators won't be able to be accurate about this. We can run through some questions and advise on you on how much you are likely to be able to borrow based on your current income and any existing debts.