Like with most mortgages, the higher the deposit you have available the better. A higher deposit typically means a lower loan to value (LTV) and a better rate. Some lenders will also have LTV restrictions for interest only mortgages which means they’ll only lend to a certain level of the value of the property, or require you to have a certain amount of equity left.
Attache Limited trading as Simple Fast Mortgage is an Appointed Representative of Connect IFA Limited 441505 which is Authorised and Regulated by the Financial Conduct Authority and is entered on the Financial Services Register (https://register.fca.org.uk/s/) under reference 412161. Attache Limited Registered Address: 28-32 Greenwood Street, Altrincham, WA14 1RZ. Registered in England and Wales No: 03942107. The FCA does not regulate some forms of Business But to Let Mortgages and Commercial Mortgages to Limited Companies. The information contained within this website is subject on the UK regulatory regime and is therefore targeted at consumers based in the UK. Depending upon your circumstances there may be a fee for mortgage advice. We will confirm the precise amount before you choose to proceed. Where a fee is due we estimate it to be £199. Your property may be repossessed if you do not keep up repayments on your mortgage.
We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.
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