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Vass Koni – VK Financial, Director
Taking on a mortgage to buy your new home could be the single biggest financial decision you ever make.
And whilst the internet is congested with data that can arm you with the information you need, we at VK Financial can take that time consuming effort away from you and use our expertise of the market provide you with a clear path to your end goal. It is important to remember that Best Buy Tables, whilst useful, are not always the solution. Lender criteria has to be matched to a borrower’s particular needs and that is where we can help you.
A free no obligation initial discussion will allow a Qualified Mortgage Advisor to give you an overview of what you can achieve and what will be required from you should you embark on this particular journey.
We understand how important it is to feel secure when taking out a mortgage and we strive to make the process as clear and simple as possible.
Our independent mortgage advice services include expert advice and support on many kinds of mortgages including first time buyer mortgages, home mover mortgages, remortgages, buy to let mortgages for individuals and companies, credit impaired mortgages and many more.
Your home may be repossessed if you do not keep up repayments on your mortgage
First Time Buyer Mortgages
Secure your first home with the most appropriate mortgage for you.
A first-time buyer mortgage is specifically designed for individuals who are purchasing their first home.
With this type of mortgage, lenders will sometimes offer incentives to help you get on the property ladder.
If you cannot secure a mortgage in your own right there are lenders that may also be happy to consider familial support in buying a first home. This can be by way of gifted deposit, gifted equity or even adding a family member as a guarantor or joint borrower on a mortgage.
Some first-time buyers may choose the Shared Ownership route offered to them by certain Housing Associations. We can help with this type of mortgage advice too.
Home Mover
Sometimes people just outgrow a property. Or they might just want to downsize, particularly later in life. Either way people need help to assess what is possible and available to them.
People decide to move home for a number of reasons. We can help with that transition in what can be a very stressful time.
A home mover mortgage is for someone who currently owns a property and opts to move to a new property. At times you do not need to change your mortgage lender to move home, but this is an option if it is more advantageous for you to do so. We can help you make that assessment.
When we assess the market mortgage products for you, we will always consider your current lender as a first option.
Remortgage
A mortgage review can be time consuming and confusing. We can be your proactive reminder and help you consider all the options available to you.
Approaching the end of a mortgage deal is the opportune time to reassess your mortgage options and requirements.
Remortgaging involves switching your current mortgage to a new deal, and this can be arranged either with an existing lender or a completely new lender. We will help you make that decision by understanding your current circumstances as well as discussing any potential changes in your requirements.
It may also be a time when people seek to borrow more money for home improvements or other needs. We will take this into account too and review all products on the market for you.
Buy To Let
Acquiring a property for the purposes of renting to tenants means that a Buy to Let mortgage will be required. Similarly, if you are thinking of renting our your existing residential property and acquiring a new residence for yourself may mean that you require Let To Buy mortgage advice.
‘The Financial Conduct Authority does not regulate some aspects of buy-to-let mortgages’
Investing in property requires a specific type of mortgage
These types of mortgages will be assessed differently to a residential mortgage and independent advice is even more relevant here.
In these instances, lenders will still take account of your income and personal circumstances, but they will also look at your personal tax position; the type of property; the anticipated or actual rental income of the property and the size of your deposit or amount of equity in the property. Lenders will normally require a larger deposit from the borrower than they would for a residential mortgage.
Buy to Let mortgages are available to individuals and limited companies. They are also available to portfolio landlords too. In each scenario lender criteria will be specific to the type of landlord making a mortgage application.
If your mortgage requirement is non-standard or slightly out of the ordinary, there is usually still a solution.
Your own particular circumstances may mean that you require a specific solution or you may have a non-standard mortgage requirement. VK Financial can help you find the right solution in these following circumstances amongst others:
- If there are blemishes or more severe issues on your credit file.
- If you are self-employed and only have one year’s trading figures.
- If you are a contractor.
- If you want to build your own home.
- If you want to buy a holiday home.
- If you are tied into your mortgage deal but need to raise more funds.
- If you are up to date with your mortgage payments but unable to switch to a new deal because of a change in circumstances.
- If you need a mortgage in retirement.
Get in contact with us today
Speak to us about any of the services that we offer.
Thomas Anthony Financial Services Limited, registered in England no. 05065805. The company is registered at 573 Chester Road, Sutton Coldfield, W Midlands B73 5HU.
VK Financial is a trading style of Thomas Anthony Financial Services Limited which is authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register under no.993172 at https://register.fca.org.uk
The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain, and are not satisfied with our response to your complaint you may be able to refer it to the Financial Ombudsman Service which can be contacted here https://www.financial-ombudsman.org.uk/contact-us
