First time buyer
Buying a house is one of the most important purchases you will ever make and buying a home for the first time will not only be exciting but no doubt daunting. Our step-by-step guide and glossary of terms give you an insight into what to expect and explains some of the most often used terminology, but why not contact the specialists to discuss what you are looking for.

Choicemortgages UK will be on hand to help and guide you through the process so you can relax and enjoy the process of buying your first home.

Moving home
We know moving house is one of the most stressful times that anyone can go through but we aim to reduce this stress as much as possible.

Other than packing, organising removals and maybe new schools you also have the worry and pressure of arranging a mortgage.

Choicemortgages UK has a team of independent specialists who can find a mortgage that is appropriate for your needs and circumstances.

Buy to let
What is 'buy to let'? Buy to let deals are specialist mortgages designed for people who want to purchase a property in order to rent it out to tenants. It's becoming an increasingly popular way to invest.

Properties generally provide income for the investor from the tenant's rental payments and growth from any increase in the property's value.When buying a second property to let, you will need to decide on whether your primary objective is ‘income' or ‘capital growth'.

If it is income then you are looking to make a profit each month or if it is capital growth, you are looking to make a profit should the property increase in value over time.
Becoming a landlord should not be seen as an easy way of making money. It can be risky and complicated. It can also be very time consuming and there is no guarantee it will continue to let, nor that the rental income will be sufficient to meet the cost of the mortgage payments.

That said, having a second property to let could also reap financial rewards.
Choicemortgages UK has access to a wide range of specialized ‘buy to let' mortgages and not only will we ensure you are aware of the implications in buying a second property, but we will recommend the most suitable mortgage for your requirements.

Re-mortgage

A re-mortgage typically means you switch your mortgage to another company.

You may have to pay an early repayment charge to your existing lender if you remortgage but there are various reasons why people may consider switching their mortgage. Here are just a few:

Save money – Are you paying too much? If you think so, then you are not alone. About 80% people are paying too much. Switching your mortgage could result in the savings being substantial.

Debt consolidation – You may want to consolidate your existing debts into one and spread them over a longer term, which may reduce your current payments. However think carefully before securing other debts against your home or property and consider whether you will be paying more interest over the longer term. Choicemortgages UK Ltd can discuss the options available to you and make a recommendation appropriate to your circumstances.

Home Improvements – Many people are deciding to remain in their current property and carry out improvements to their home due to the costs involved with moving. You may probably find that your home has increased in value since you bought it and therefore you may be experiencing positive equity (the value of your home is higher than the current mortgage value).

Releasing some of this equity for home improvements could be the cheapest form of borrowing. Choicemortgages UK Ltd has access to a wide range of mortgages and will be more than happy to discuss your circumstances and recommend the most suitable one for you.

Problem getting a mortgage
You may be unable to get a mortgage from a high street lender due to bad credit. Choicemortgages UK Ltd can help borrowers with unusual or difficult circumstances. If you have previous or current mortgage arrears or just find it hard to prove your income, our team of specialists have access to a wide range of companies and will be more than happy to discuss your circumstances.