Understand
We will ask lots of questions to understand your financial situation, explain what your mortgage options are and help you get a decision in principle.
The mortgage market can be extremely daunting and complex. Each lender has different criteria and approaches.
At Eames Laurie we understand how stressful mortgages can be and we offer an individual one-to-one service to ensure consistency through the process. We can help you to find the right mortgage product so your dream home can become a reality.
We will ask lots of questions to understand your financial situation, explain what your mortgage options are and help you get a decision in principle.
We will submit your mortgage application to the lender along with all the evidence they require to prove you can afford your new home.
We will liaise with the lender and solicitors on your behalf to get your mortgage offer, enabling the purchase and completion of your new home.
We will notify you when your mortgage product term is ending. We'll give you options for a new product term to ensure you take advantage of some of the best mortgage rates available throughout your mortgage.
Your income and outgoings, and your deposit makes a difference to the mortgage products we can offer you. Whether you’re looking to buy your first home, remortgage, or purchase a property to let, Eames Laurie are here to support and guide you through the entire mortgage process.
Eames Laurie must check that you can afford your mortgage repayments now and in the future. To do this we will need information about your income and outgoings. You will have to tell us if you expect your income and outgoings to change in a way that means you’ll have less to spend on your mortgage payments. You will also need to give your mortgage lender evidence of your income.
Whether you’re looking to buy your first home, re-mortgage, or purchase a property to let out, we are here to support and help you make the best decision.
If you’re looking to move up the property ladder, you’ve found your dream home or you want to downsize, our adviser can help make the transition as smooth as possible.
Taking your first steps on the property ladder is exciting, but can also feel intimidating. Eames Laurie can help you find the best mortgage and explain the whole process to you without the jargon.
Help to Buy mortgage guarantee scheme helps you buy a home with a deposit of 5%. It’s open to both first-time buyers and home movers for new-build and older homes in the UK, with a purchase price up to £600,000.The guarantee is provided to your mortgage lender by the government.
Designed for property investors and private landlords, who do not intend to live in the purchased property but instead plan to let it out to tenants.
Offset mortgages use your savings to reduce your mortgage balance and the interest you pay on it. Offset mortgages are generally more expensive than standard deals, but can reduce your monthly payments, whilst still giving you access to savings.
Money that is released in stages as the build progresses. Some lenders will lend you money to purchase land which is typically 75% of the purchase price or value (whichever is lowest).
A bridging loan can be taken out to ‘bridge’ the gap between the purchase of a new property and the sale of an existing one. These loans are generally short-term and secured on the existing property, but repaid as soon as this is sold.
Second charge loans can be secured against residential or Buy to Let properties. They are provided by specialist lenders and are generally short-term loans secured against the property, but where the lender has second call on the property if the borrower defaults. Second charges tend to be more expensive than ‘firsts’, but can still be the best option for people seeking to raise capital – but whose main lender is unwilling to provide further finance, or where expensive early redemption charges would be incurred.
Whether it’s income to support you through retirement, an investment at any point in your life or simply a way to cover the costs of property you’re not ready to sell, there are many good reasons why a buy to let mortgage might be right for you.
When you’re thinking about buying a home, there are a lot of additional costs to understand and plan for in your budgeting. It does all add up. And, as well as talking you through your mortgage options, our advisers can help you to understand the details and introduce you to other services, including valuations and conveyancing.
Once you’ve made an offer on a new home, it’s a good idea to book a survey, the price of which will vary based on the type of survey and the condition of the property. You’ll need to account for conveyancing, estate agency and removal fees, alongside buildings insurance.
Once you’ve purchased your property, it’s important you’ve protected it too. Unexpected challenges can happen in life that can have a dramatic impact on your circumstances. That’s why it's vital that you and your family have the right protection in place. How would you pay your mortgage if you were no longer able to work?
We can help you to protect yourself, your family and your new home should the worse happen.
Equity release allows older homeowners to access some of the value tied up in their homes. You can take the money as a cash lump sum or in several smaller amounts. People often choose this option to supplement their retirement income, make home improvements or help children or grandchildren get onto the property ladder.
This form of lending is most suitable for those over 65, however, it’s possible to do this if you are over 55. It is important to understand that these are lifetime mortgages and to understand their features and risks, you will need to have a personalised illustration.
A lifetime mortgage is not suitable for everyone and may affect your entitlement to means tested benefits, so it is important to seek financial advice before taking any action. If you are considering releasing equity from your home, you should consider all options available before equity release.
The interest that may be accrued over the long term with a Lifetime Mortgage, may mean it is not the cheapest solution. As interest is charged on both the original loan and the interest that has been added, the amount you owe will increase over time, reducing the equity left in your home and the value of any inheritance, potentially to nothing.
Although the final decision is yours, you are encouraged to discuss your plans with your family and beneficiaries, as a Lifetime Mortgage could have an impact on any potential inheritance. We would also encourage you to invite them to join any meetings with your Financial Adviser so they can ask questions and join in the decision, as we believe it is better to discuss your decision with them before you go ahead. This is a referral service.
