Financial Services

In all property deals the finances have got to be right and being able to rely on a company who can help navigate a safe passage through this potential minefield is imperative.

Here at Arrange A Viewing we realised a long time ago that having a reliable Independent Financial Adviser is essential. We are glad to recommend Massey Dival Financial Services with whom we have a long standing, relationship.

All advice on mortgages and financial services is provided by Massey Dival Financial Services who are an independent ‘Whole of Market’ mortgage specialist. Massey Dival Financial Services have access to a wide range of exclusive mortgage deals, some that you will not find with other brokers. From your initial mortgage enquiry, Massey Dival Financial Services will assign you your own Personal Relationship Manager who will then guide you through the entire mortgage and house-buying process. Your relationship manager’s job is to ensure that you understand all aspects of the transaction and that things run as smoothly and efficiently as possible for you.

If you have a mortgage enquiry or would like to speak to Massey Dival Financial Services please Freephone 0800 122 3636 or email us mortgages@arrangeaviewing.com

General Information on Mortgages

Fixed Rates

With a Fixed Rate mortgage you pay a fixed interest rate for a fixed period of time and the rate and duration are arranged at the outset with the lender. This can be between 1 and 25 years, though the standard term would be 2 years.

Tracker Rates

With a Tracker Rate mortgage the rate of interest you pay is tied to the base rate set by the Bank of England. Typically a tracker rate mortgage will be set at a certain percentage above the BoE base rate. Although the Tracker rate is usually lower than the lender’s Standard Variable Rate, this can vary from lender to lender.

A Discounted Rate

Mortgage is linked to an individual lender’s Standard Variable Rate. The lender may offer a discount to their variable rate for a specified period of time, but beware that there is no certainty as to what your future payments will be.

Buy-to-Let

Buy-to-let mortgages are for investment properties that are not occupied by the owner. Some lenders will only consider a property’s rental income as the basis for determining whether or not to lend while other lenders will consider your normal earnings, especially if you only have one or two rental properties.

The expected rental income must exceed your mortgage repayments by a certain percentage. For example, your mortgage lender may require a rental income of 125%-130% of your monthly mortgage payments.

Generally, Buy-to-Let mortgages are available for between 5 and 45 years and for a maximum of 80% of the property value. When considering a Buy-to-Let mortgage, certain additional costs must be considered, including lettings agent fees, insurance, legal cover and the cost of maintaining the property in a suitable condition for letting.

Your home may be repossessed if you do not keep up repayments on your mortgage. The Financial Services Authority does not regulate tax advice and some aspects of buy-to-let mortgages or commercial mortgages.

Help to Buy

Arrange A Viewing along with our Independent Mortgage Brokers Massey Dival Financial Services are able to offer the full range of government backed Help to Buy Mortgages, please use the contact details below if you have any questions or want further information.

If you have a mortgage enquiry or would like to speak to our broker please Freephone 0800 122 3636 or email mortgages@arrangeaviewing.com