When looking to purchase a new property, you have to consider what mortgages are available to you which can be very puzzling!
At £ibra Financial Services Ltd, we can help you fit the pieces of the puzzle together and support you from start to finish of buying your new home.
We have found that our clients always ask themselves the following questions when purchasing a property but seldom know the answer!
- How much money can we borrow?
- How much deposit do we need?
- How do we get started?
At £ibra Financial Services Ltd we do know the answers which is why our clients contact us for the guidance and help.
Each individual case will depend on your needs and requirements such as salary and level of debt and to be sure you are receiving the correct information and advice contact £ibra Financial Services Ltd today.
Some types of mortgages you might encounter are:
First time buyer
Remortgage
Right to Buy
First time buyers
Taking that first initial step onto the property ladder can seem very daunting and impossible with today's prices. We are here to steady the ladder so you can take the first step- and we will be there until you reach the top and have got your dream home.
We have access to a vast amount of lenders who are willing to help first time buyers. With out experience we will find you a deal that will suite your needs and requirements.
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Re mortgage
If you already have a mortgage but feel that the payments are becoming too much for you or you think that there must be a better deal out there for you why not consider re -mortgaging?
The main factors behind why a home owner may consider re-mortgaging are:
- To reduce Monthly outgoings - As the cost of living increases our clients need options on saving money to make life easier. By re-mortgaging to a lower interest rate it is possible that £ibra Financial Services Ltd could substantially reduce monthly outgoings, leaving more disposable cash to enjoy.
- To gain a better interest rate - You could be paying too much interest as you may have a mortgage with a standard variable rate. By re-mortgaging it is possible that £ibra Financial Services Ltd could obtain a mortgage with a better rate that can result in huge savings over the term of the mortgage.
- To repay your mortgage quicker - If a saving can be made by re-mortgaging, the repayment difference can be put back into your mortgage account to reduce the term of the loan and the amount you have to repay.
- To raise some money - You have worked hard all those years to pay for your house- by re-mortgaging your house you could raise money to pay for those special things you have always wanted, maybe home improvements, a holiday or a new car. It is a cost effective way to raise the finances you require.
Right to buy
This is a scheme that has been introduced to benefit any tenant in a council house or registered social land lord- it gives them the opportunity to purchase the house that they live in.
Any tenant who has 2 years tenancy possibly has the rights to buy their home at a discount of the open market value
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Right to Buy - The overall cost for comparison is 8.5% APR. The actual rate will depend on your circumstances. Ask for a personalised illustration.
