Services

Purchase

Whether purchasing as a 1st time buyer or not, we fully understand Help to Buy, Right to Buy and various deposit sizes. We also specialise in clients with credit file issues and low scores. 

BTL

 ​Need to know all the current rules & recent regulation regarding Buy to Let purchases or re-mortgage. ​

*Some forms of Buy to let mortgages are not regulated by the financial conduct authority.

Re-mortgage

Whether just looking for a new rate or raising extra funds for home improvements or clearing debt's, we can help. 

Why go to one bank when we can compare the market to suit your requirements?

Specialists in clients with missed payments, CCJ's or Defaults on their credit files!

1st time buyer specialists..

​Freephone: 0800 689 3793 

https://www.trustpilot.com/review/midlandsmortgages.co.uk

​Benefits of using our services!

• Whole of market mortgages
• Personal service either over the telephone or face to face 
• We go above and beyond for our clients when any issues occur with their mortgage
• If we cannot do it then nobody usually can!
• Many clients come to us after they have been turned down by their bank 
• Same adviser from initial meeting all the way through to completion
• If purchasing a property our in house surveyor can look at your report and advise for FREE
• One of few www.Unbiased.co.uk professional advisers
• Awarded top 3 broker in our area (through Vouched for)
• We asses each case individually and any fees are charged on a case by case bases, as no two cases are ever the same! Most of our clients come back to us year after year due to our service, fee scale and helpfulness
• Out of hours’ updates (we don’t believe in 9 to 5)
• Non-loaded solicitor’s conveyancing. The price we quote is the price you pay.
• 14 years whole of market (not tied) mortgage broking experience. 
• Access to exclusive mortgage products & rates not available on the high street
• Complex cases all looked at and considered
• 14 years whole of market insurance advice (non-loaded premiums, so you receive the same price as going direct to an insurer)
• Purchase from anywhere and still be able to use our services
• 5 star Defaqto rated Buildings & Contents policies at low premiums
• We will fight and appeal your case if any issues occur with the lender
• Little to no fee on your mortgage review when your fixed product ends
• Excellent reviews from our current list of clients!

 
The mortgage/buying process has now become very complex and stressful, so it is extremely important to have the right experienced adviser on your side when you need them most.

*A small broker fee may be charged if your case is complex or LTD company BTL

Why use a Mortgage Broker???

​
Why use a Mortgage Broker??

You're protected!!

An important thing to understand is that when you receive mortgage advice, your mortgage broker has a duty of care to you. They have to recommend a suitable mortgage and be able to justify why the particular mortgage they have chosen is right for you. If their advice is not up to scratch, you can complain and be compensated.
In contrast, if you go directly to a high street mortgage lender, don't take advice, and end up with a mortgage that later becomes un-affordable, you may not have so much legal recourse. (However, under the rules of the Mortgage Market Review, it's the lender's responsibility to ensure affordability – so even if you buy direct, you could have some recourse. Nonetheless, a broker can still offer a valuable layer of protection.)

A mortgage broker is qualified
There's an awful lot to think about when choosing the right mortgage. It's not as simple as just opting for the cheapest fixed or tracker rate mortgage you can find!

Mortgage brokers have to be qualified to give you mortgage advice, whereas you may not get that kind of guarantee if you ring up a lender's call centre. That said, new regulations mean that all call centre staff need to be advisers or must refer you to someone who is, and if you went in-branch, you'd be able to arrange an appointment with one of their mortgage advisers.

A broker is on your side
An independent mortgage broker will look for the most suitable mortgage for you. They aren't on the lender's side, they're on yours, and they'll give you access to far more products than if you went direct. You'd get unbiased advice and could choose from a range of lenders and subsequent products, rather than being restricted to the single range of the lender you go to.

They know the industry
Mortgage criteria has tightened massively over the past few years, with the Mortgage Market Review being the latest, and arguably widest-ranging, development. It's been designed to ensure borrowers can prove affordability, even in the event of a rate rise, and those extra checks have understandably increased application times.
That's why it's so important to stay in the loop – and to have a mortgage broker on your side who understands it all. A broker deals with lenders on a day-to-day basis, so they'll know what the application process is like for each one and can tell you which lender can process your application with minimal delays.

They also know the background criteria that a lender has and can bring this experience to bear when advising you and processing your application.

A mortgage broker won't just advise you about your mortgage. They will also look at any related life insurance, payment protection and even buildings and contents insurance you have.
They will recommend insurance based on your new mortgage arrangements to make sure you are fully protected in the event of:

• Death
• Critical illness (such as cancer, heart attack or stroke)
• Redundancy
• Accident or illness

Don't be put off by a fee
Mortgage advice tailored to your situation is a service. In order for the mortgage broker to be able to offer this service they need to make money.

They do this by one or both of the following:

• Charging a fee. This could be a one-off fee for advice, or a fee that pays for advice throughout the term of your mortgage (if you need to re-mortgage, move home, etc.).
• Commission. Lenders and insurers may decide to pay the mortgage broker commission for putting your business their way.

Where can I find out how much my mortgage broker makes?
Mortgage brokers are required to provide you with a Key Facts document about their services that details any fees or commission they charge or earn.
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You will also be provided with a Key Facts Illustration (KFI) about the specific mortgage being recommended.
Details of your broker's fees can be found in section 8 of the KFI.
Details of any commission earned by your broker for introducing your business to the mortgage lender can be found in section 13 of the KFI.
 
The value of advice
Mortgages are a lot more difficult than they first appear. Knowing what rate, what term, what lender, what features and what insurance to get are all time-consuming and complex matters.

*a fee may still be charged for complex cases

Quoted from Moneyfacts.co.uk 

Call us today for a free initial consultation on: 0800 689 3793

FCA Number: 480 767​

In association with:
www.malawyers.co.uk
M A Lawyers, First House,  1 Sutton Street, Birmingham, B1 1PE

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