Abundance Finance are here to help you to secure the very best mortgage deal out there to suit your individual circumstances.
As a first time buyer, you may have your cash deposit in place and you’ve found your first home, so need to secure a mortgage to pay for the remaining property value.
Alternatively, your mortgage deal may be coming to the end of a fixed rate, so you need some assistance to help scour the market for you to see what other deal you can secure. We may even be able to help you to reduce your payments or your mortgage term.
You may simply want to talk to an expert about the different mortgage options available to you, whether that’s equity release or buy to let.
A mortgage is a secured loan from a lender and forms a contractual agreement whereby you agree to repay the loan to the lender, plus interest in monthly instalments over a specified term.
A residential mortgage can only be used for a property where you will
reside and can take the form of either, repayment or interest only
A repayment mortgage means that you will pay off a portion of the actual value of the mortgage, plus interest each month for a specified term.
An interest only mortgage means that your monthly payment will only pay off the interest each month. At the end of the mortgage term the value of your mortgage will still be owed to the lender and will need to be paid back.
The terms agreed with the lender will depend on the following considerations:
Loan to value (LTV) – this is the amount you need to borrow in relation to the value of the property.
Your income – You will typically be able to borrow a multiple of your income.
Your outgoings – The lender will look at your outgoings to establish how much you can afford to pay back on your mortgage each month.
Your credit score – They will also review your personal history to assess your ability to manage your finances.
P Ashraf
6 Oct 2022
Best deal with the lowest rate found that other brokers could not find (not even big names)
Helped to find the mortgage deal with the lowest possible interest rate that no other brokers (even big names) could find for us. I am very pleased with the service received. Highly recommend!
Fiona
30 Sept 2022
Excellent Service
We needed to remortgage and our credit score had taken a few bad hits, we were in a lot of debt, and couldn’t see the light at the end of the tunnel. We genuinely didn’t think it was possible. Rob has been absolutely amazing! He listened to our situation, had a solution that cleared our debt and found us a lender for the mortgage. Rob was very prompt, real and honest. He helped way beyond his job title with very frustrating slow solicitors. Rob has literally turned our lives around! We are now debt free and re-mortgaged.
Nagehan Mimaroğlu
1 Aug 2022
Elif Yildiz is perfect!
We worked with Elif Yildiz in your keys and protection. She is amazing and very helpful in everything. Glad we met and worked with her. Definitely the right person for this job. Thank you very much for everything.
