Home Movers / Remortgages

When moving home it is important that you find the right mortgage for you and that the process is done as swiftly and professionally as possible.

Staying with you current lender may seem the simplest option but if might not be the most cost effective.

It may be that you are an experienced buyer or that you haven't moved for some time, either way we will take the hassle of moving across for you supporting you through the entire process ensuring that you get the most suitable mortgage for you. We advise on all of the following:

• Calculating how much you can borrow from the various lenders in the market
• Establishing which lenders will actually lend, based on lending criteria and credit score
• Source the most suitable option from the market, on a “true cost” basis
• Calculate how much the monthly payments will be, based on a number of scenarios to help you arrive at an informed decision
• Establishing whether it makes sense to port your current mortgage, particularly if it has any penalties
• Getting the timings right – the options should be worked out and an agreement-in-principle arranged before you commit to selling and incurring any sale fee

You may have to pay an early repayment charge to your existing lender if you remortgage

First Time Buyer

Taking the first step on the property ladder is exciting. 

Buying your first home should be hugely exciting. However, it can also be a very daunting experience, which is why it is important to get the right advice at the start of your journey.

There are many different mortgage products to choose from so it is important to understand what it is you are looking for and ensure that you get the solution that best meets your requirements.

We support you every step of the way to ensure that you fully understand the home buying process. We advise on all of the following:

• The order and timings from even before you make an offer all the way through to completion;
• We provide a Decision In Principle that you can present when making an offer, complete the entire application proves, liaise with estate agents, lenders and solicitors to ensure the process is efficient, on-time and as streamlined as possible;
• How much you can borrow ensuring that the mortgage you take out is affordable and right for you;
• Advise on the many various lenders, highlighting which lender is best suited to your needs taking into account lending criteria whilst ensuring complete impartiality;
• What deposit you will need and what options are available depending on the deposit;
• Consideration of legal fees and any other mortgage-related fees;
• What documentation you will need, for example proof of income, identification and address are documentation that you will always be required to provide;
• What type and length of mortgage and the positive and negative aspects of all.

Buy to Let

Buying an investment property needs professional advice. We can navigate through the best option for you.

Whether you’re becoming a landlord for the first time or you’re looking to expand an existing portfolio you will need to take out a buy to let mortgage rather than a standard residential mortgage. A buy to let mortgage is specifically for people who are buying a property to rent out to tenants.

Buy to let mortgages differ from residential mortgages in several ways:

• Interest rates are usually higher on buy to let mortgages compared to residential
• Whereas for residential mortgages your deposit could be as little as 5% of the property value you will have to pay at least 15% for a buy to let mortgage.
• Unlike a standard mortgage, where the amount you can borrow is linked to your income, with a buy to let mortgage, the lender will instead look at how much rent you could make from the property on which the mortgage is secured. 

Different lenders have a different criteria on what they look for in a borrower, at Henlie we can source a bespoke buy to let solution that’s tailored just for you.

(There is no guarantee of continuous letting of the purchased property or that rental income will be sufficient to meet the cost of the mortgage.

NB: Not all Buy to Let Mortgages are regulated by the Financial Conduct Authority).