Simply put, a mortgage is a loan taken out to purchase land or property. At Peterkins, our whole of market mortgage advisors advise on a comprehensive range of mortgages from across the market, but not deals that you can only obtain by going direct to a lender. Our advice will be based on the most suitable mortgage product included within the range available to intermediary firms. We listen to personal needs, provide honest and impartial advice, and guide you through the mortgage application process from start to finish, keeping you updated on the progress.

In the present mortgage market, you will require a minimum deposit of 5% of the property’s value to get a mortgage. However, if you save for a higher deposit, the amount you need to borrow from a lender will be less.

Alternatively, you may be looking to remortgage your home. Remortgaging is where you take out a new mortgage on a property you already own, either to replace your current mortgage, or to borrow money against your home. Our experienced advisors are there to provide the best solution for you by assessing whole of market products and taking into consideration all your circumstances. It should be noted that every lender will require a basic valuation on the property.

If you are aged over 55, you may wish to do an equity release, where you can access the equity (cash) tied up in your home. This scenario requires serious thought and analysis, please ask for our guidance if this is an option you are considering. Your home may be repossessed if you do not keep up repayments on your mortgage.