Our Mortgage Services

Your mortgage is probably the largest financial transaction and commitment you are likely to undertake. Surely then you should seek mortgage advice which is individually tailored to your needs and requirements?
We are not tied to any particular lender, which means that we have the ability to act on your behalf in order to establish the most appropriate mortgage solution for you.

 

A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME OR PROPERTY. YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. MOST FORMS OF BUY TO LET MORTGAGE ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

Residential

A residential mortgage is simply a large loan meant to help you, the borrower, to purchase a home. The property you intend to buy is put up as the security for this mortgage. A residential mortgage ensures that the buyer can raise the value of the property from an up-front deposit and a top-up from the lender. The borrower is expected to pay back the money loaned plus an interest rate monthly for a designated period.

You can only take up a residential mortgage on a house you intend to use as your residence. If you plan on using the property as a commercial property, you cannot finance the plan with a residential mortgage.

Buy To Let

A buy to let mortgage is a type of mortgage specifically sold to individuals or companies looking to buy property as a form of investment, as opposed to a place to live. If you are interested in buying a property that will be used to rent out, most lenders prefer that you do not finance it with a standard residential mortgage. They will instead recommend a buy to let mortgage.

Typically, buy to let mortgages are more expensive than standard mortgages. For the most favorable rates, the lender may also require deposits of between 25% and 40%, although we do have access to some lenders who will consider deposits as little as 15%.
 

Commercial Finance

Commercial property finance or commercial mortgages can also be referred to as a business mortgage. Commercial property finance is a type of mortgage secured to buy a property that is not your place of residence. Commercial loans usually involve larger amounts, and thus lenders require security as a form of risk management. Whether its land, retail units, franchise or a portfolio of buy to lets, commercial mortgages can be an excellent way of expanding the business use of property.

Bridging Finance

Bridging finance is the short-term financial solution you need to complete a residential property purchase or commercial investment. This is a short-term loan that typically lasts between 1 and 18 months. It is meant to cover the time difference between two property-related transactions, or in order to finance a property that is currently unsuitable for a typical mortgage (refurbishment required). As the name implies, it is meant to bridge the gap. Bridging finance is usually always repaid when a property in the transaction is refinanced or sold.

Second charge

A separate and additional mortgage to the homeowner’s main (or first) mortgage. Second charge mortgages (sometimes known as ‘Homeowner Loans’) are loans which are secured against the borrower’s residential property, and as such, are available only to homeowners. In common with remortgages, second charge mortgages are sometimes used by homeowners to raise money.

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Jubilee Finance, 12 Bury Street, Stowmarket, Suffolk, IP14 1HA

Registered Address: Dovedale, Thwaite Road, Thorndon, Eye, Suffolk IP23 7JJ.  Registered in England & Wales 07401124.

Jubilee Finance is a trading name of Belham Ltd, which is authorised and regulated by the Financial Conduct Authority.

Belham Ltd is entered on the Financial Services Register (https://register.fca.org.uk/s/) under reference 913172.