What is a Mortgage?
A mortgage is a loan which is secured against your property, and is a legally binding contract in which you agree to repay the amount you borrow plus interest over a set period of time. Mortgage terms can be anything up to 40 years.
There are different types of mortgages available including repayment, interest only, self build and buy to let.
How do I get a mortgage?
Before you start looking for a new home you need to know how much you can borrow and what your total budget is. You will need to have saved a deposit – starting from 5%, the more the better, of the amount you are buying, plus have enough left over to cover legal fees, stamp duty, surveyor costs and mortgage arrangement fees.
When we have determined how much you need to borrow and your future plans and requirements, it's time to research the different mortgages available to you and the interest rates on offer. Once you have found a home and had an offer accepted, contact a mortgage adviser from Trust Financial Solutions to help you get a suitable and competitively priced deal.
Here at Trust Financial Solutions we offer a confidential and personalised service that will guide you through the process of finding and securing the best mortgage for your needs. When you complete your application you will need to provide evidence of your identity, income and address. Your lender may also require a reference from a previous lender, employer or landlord.