MORTGAGES
Remortgages
The remortgage process is far simpler than many people believe. With MFS, we take care of everything for you and can even take care of the solicitors for you. Remortgaging involves changing your mortgage from one lender to another in order to obtain a better deal. While remortgaging, some people may look to change the terms of their mortgage including taking additional money.
Buy to Let mortgages*
Specifically designed to allow applicants to have multiple mortgages on multiple properties allowing a portfolio of investment properties to be constructed. The buy to let mortgage is for use when a property is to be let out. Normal income calculations do not apply and emphasis is placed on the rental income generated by the actual property.
Debt Consolidation
This is the procedure whereby expensive debts such as credit cards debt, personal loans, overdrafts and other borrowing which incur a higher rate of interest are added to the mortgage to take advantage of the lower rates of interest available. Debt can then be paid back over a longer period thus cutting monthly payments and improving monthly cash flow often dramatically. The disadvantage is that over the longer term of a mortgage these debts can cost more overall.
Adverse Credit
If you are entitled to a mortgage we will get you a mortgage! Typical APR is 8.4%
* These products are not regulated by the Financial Services Authority.