Mortgages and finance right for the job
Whatever the mortgage need: owner-occupancy, second-home, buy-to-let or development, we are able to give the most up-to-date and accurate advice.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Mortgages for owner-occupiers
Constant innovation and new deals in the mortgage market can be bewildering. We are here to help you find your way to the most appropriate plan for you. The main choices facing clients are:
- Interest rates: These may be fixed for a period of time; vary as market rates move or have a combination of features.
- Repayment mortgage or interest-only product. Most people prefer to pay off some mortgage debt each month so that none remains when the mortgage ends. In some cases, paying just interest is preferred, with a separate plan to help ensure the capital can be repaid in full at the end.
We will complete a full fact find with you to assess which options are most appropriate for your financial position and goals.
An active and competitive mortgage market means borrowers need not feel locked in with their existing lender. A remortgage can often help borrowers cut monthly outgoings. RWM can advise on whether a remortgage with a different lender or a new deal with your present one could benefit you.
Mortgages for buy-to-let owners
Recent years have seen confidence return to the buy-to-let market. One advantage landlords enjoy is tax relief on buy-to-let mortgage interest, though the Chancellor has unveiled plans to cap the rate of relief.
Mortgages intended for owner-occupiers are unsuitable for buy-to-let, so lenders have created specialist products. Whether you have one buy-to-let property or many, RWM can advise on the right products and lenders. We can also assist if you wish to let your current home and obtain a mortgage on another, using rental income for repayments.
Buy to let mortgages are not regulated by the Financial conduct Authority.
Mortgages for other categories
More RWM clients than ever have mortgage needs linked to a mobile and often international lifestyle. Some want a second UK home for weekend or family holiday use rather than letting out; we know the most appropriate lenders in this area.
Returning to the UK after a period working abroad needs careful planning. Buying a family home long in advance, in effect on a buy-to-let basis, can keep you in the market. RWM can usually assist in such cases, or where return to the UK is more imminent and no letting is involved.
We also help arrange mortgages for foreign nationals, as it can be difficult for non-UK nationals to find a specialist mortgage to enable them to invest in their chosen property here.