Mortgage Advice Services

At Stan Sherlock Associates, our expert team of mortgage advisers, based in Carlisle, can access a range of mortgages from over 50 of the UK’s best-known lenders, including Santander, Halifax, Nationwide and Virgin Money. Our mortgage brokerage service can access some exclusive deals that you won’t find on the high street.

Stan Sherlock Associates

Residential Mortgage

Our mortgage advice service will help you achieve your home buying dreams, whether you are buying your first home, remortgaging, moving to a new house or buying an investment property.

Our knowledgeable advisers and brokers, together with our dedicated support team, will work with you to understand your personal goals and home buying needs. We will discuss your current finances and repayment options to assess the best mortgage solutions for you.

We can advise you about the different types of mortgages and help you decide what best suits your circumstances. This might be a fixed rate mortgage, variable rate mortgage, a tracker mortgage or offset mortgage or perhaps another mortgage advice solution entirely.

Our mortgage advisers are always keeping up to date with changes across the market and will use this knowledge when researching our panel of lenders to discuss your options, and recommend the most appropriate deal for you based on interest rates, loan periods, repayment methods and interest payments.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

FAQ

Our mortgage advice services are ideal for:

First Time Buyers

If you’re buying your first home, mortgage advice can seem complicated and overwhelming.

Our expert advisers will help you understand the process and support you to achieve your dream of owning your first property.

We can access deals and incentives, which may include cashback on your mortgage, reduced mortgage interest rates or lower levels of deposit against your property value.

Remortgaging

Small Business Owners

Protecting your home and family

Can We Help With your Residential Mortgage?

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Why Work With Us?

At Stan Sherlock Associates, arranging a mortgage is not a one-off transaction. We aim to build long term relationships with our clients and provide you with an advice service over the lifetime of your mortgage which ensures you always have the right deal for your situation.

Although based in Carlisle, our clients come from much further afield. We regularly work with clients from across Cumbria (including Kendal, Keswick, Penrith, Whitehaven and everywhere in between), the Scottish Borders, and North East England. Many of our mortgage advice services can be provided by phone and email but our mortgage advisers are always happy to meet you face to face.

Frequently Asked Questions

How much mortgage can I get?

The UK has one of the most developed financial sectors in the world, with the mortgage sector particularly liquid. Most lenders will offer a mortgage of up to 4.5 times the salary of an individual or a combined joint application, subject to status. In certain circumstances, some mortgage lenders will offer more than 4.5 times their income, which may involve an additional degree of security. In light of the 2008 financial crisis, the UK government introduced an affordability test for all mortgage applications. This was recently lifted, giving mortgage lenders greater flexibility.

How do I apply for a mortgage?

The mortgage application process is relatively straightforward in principle but a little more complicated in practice. The basic stages are:-

Gather income and employment details together with details of outgoings
Approach a mortgage provider for a decision in principle
If you receive a favourable principle decision, apply for a mortgage
Purchase your property

It is now commonplace for those looking to acquire a property to appoint a financial advisor with experience and expertise in the mortgage sector. As mortgage brokers, we have access to an extensive panel of lenders from across market to find the right deal for your situation. In addition, experienced mortgage brokers will have an array of contacts in the market, allowing them to potentially negotiate favourable terms and conditions not readily available to the general public.

How long does it take to get a mortgage?

Traditionally, it takes between two and six weeks to arrange a mortgage, but with remortgages, it is usually completed a little quicker. If the mortgage provider has additional questions or requires proof of income, this timescale can be extended. Rather than visiting potential future homes and then arranging mortgages, many people start the mortgage application process before looking for a property. This ensures potential buyers know the reach of their finances. As much of the groundwork has already been done, the mortgage confirmation process can be shortened.

As soon as you decide to look for a property, this is the time that you need to research the latest mortgage deals and your eligibility. This allows you to go through all options before committing to a house purchase.

How much deposit do I need for a mortgage?

There is no minimum deposit requirement set in stone. However, to access some of the more competitive mortgage rates, the average deposit is around 20%. A more significant deposit creates broader headroom between the outstanding mortgage debt and property value. This reduces the lenders’ risk, opening the door to more competitive mortgage rates.

Historically, the UK government has offered various degrees of financial assistance to first-time buyers. This has included numerous help-to-buy schemes where the minimum deposit can be as low as 5%. These schemes allow homeowners to acquire 75%+ of a property through mortgage finance, 5% via a deposit, with government funding of up to 20%. After the initial purchase, homeowners can buy equity from the government, increasing their share of the property. The cost is based on the market value at the time.

Mortgage Advice Services

Stan Sherlock Associates

Residential Mortgage

FAQ

Our mortgage advice services are ideal for:

Can We Help With your Residential Mortgage?

Find Out Now

Why Work With Us?

Frequently Asked Questions

Ready To work With Us?

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