This is required when you wish or need to borrow additional money, for example to build an extension to your home, modernise your kitchen or bathroom, or to consolidate your existing debt etc.
In order to raise additional money, you must have equity in your current home together with your income being adequate to make it affordable to borrow the additional money.
Three main ways to raise additional money.
There are 3 main ways of raising additional capital – with your existing lender directly, a secured loan with a different lender, or a remortgage, the first two options being possible without redeeming your existing mortgage. There are other ways of raising additional money, so this isn't an exhaustive list, just examples of the 3 main ways.
*Note - Depending on which type of further borrowing you decide on, there may be a charge for this service.
Should you have a need for a secured loan you will be referred to a third party provider. Neither Trust Financial Solutions nor First Complete Ltd accept responsibility for any advice supplied by the third party.
Disclaimer - Note
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. Secured loans are not regulated by the Financial Conduct Authority.
We will charge a broker fee of between £299 and £499, payable on application. The amount we will charge is dependent on the amount of research and administration that is required.
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Should you need help or understanding about these different mortgages, please call Trust Financial Solutions for expert advice and help and reassurance on which one is right for you. We simply aim to give you the ability to buy your home with peace of mind and to live the lifestyle of your choice.
Trust Financial Solutions can assist you in finding the right mortgage for you. We offer a confidential one-on-one service that can take the guesswork out of mortgages and help to guide you through the process from start to finish. This is what we do best and we look after you every step of the way.
- We match your personal situation and objectives with the most appropriate mortgage deals available from our panel of mortgage lenders.
- We will request from you all the necessary paperwork at the start.
- We work closely & meticulously with mortgage companies to ensure the application is processed promptly, guiding you through every step of the way from first contact to completion.
- We take pride in working to meet your timescales.
At Trust Financial Solutions we strive to be professional, courteous, prompt, trustworthy, honest, caring, but most importantly, we'll always have the best interests of you, the client, at heart.