Mortgage Services

Mortgage broker services

ACC Associates cater for all types of mortgage enquiry. The most frequent enquiry we receive is the residential mortgage new house purchase or remortgage. Although obtaining a mortgage or remortgage can be a simple and straightforward process, every purchaser or homeowner in the country could benefit from the advice of a professional mortgage broker and advisor.

At ACC Associates we cater for all types of mortgage enquiry including the following:

  • Moving home mortgages
  • Remortgages
  • Buy to let and property investment mortgages
  • Self-employed mortgages
  • Credit problem mortgages
  • Right to buy mortgages
  • Offset mortgages
  • Flexible mortgages

 

For further information on the different types of mortgages listed above, scroll down to the relevant area. Feel free to call us on (01249) 599019 to discuss your individual mortgage needs or email your details to us and we’ll call you back.

Mortgage Services in Bath

Moving home mortgages

Whether you need a mortgage or not, buying a new home can be daunting for anyone whether it’s for the first or sixth time. Maybe you require home loan finance from a mortgage lender as you are moving up the housing ladder and need new and appropriate mortgage funding. You could find your existing mortgage lender is reluctant to provide the loan you require, or you want to ensure you are getting the right mortgage deal and advice. It could even be that you are moving home and you want to move the mortgage (known as porting the mortgage) from one mortgaged house to another with additional funds to complete on the new deal. Whatever your mortgage situation, the key to making it as successful and easy as possible is to plan well and get help along the way. When you are looking for your new home or investment property there are many different combinations of features and benefits to consider – ACC Associates mortgage broker and advisor service will take care of reviewing your options and can find a suitable option to fit your own needs leaving you to find the home of your dreams. Call us on (01249) 599019 or enquire online for your home moving mortgage.

Remortgage

Your current mortgage deal (special rate) maybe coming to an end with your existing mortgage lender and they are looking to increase your interest rate to a much higher payment. If your mortgage payments are going to increase or even if the deal your mortgage lender is offering you seems attractive – why not get a free, initial no obligation mortgage review from our mortgage broker and advisor service. The mortgage broker will ensure that you are getting the right mortgage and show you what mortgage options are available to you – based on your mortgage needs. Whilst the saving on your mortgage per month may not seem very big, it adds up over a two or three year period – which is just one more reason why our clients come to us time and time again. ACC Associates mortgage broker and advisor service will take care of reviewing what your options are and can find the right mortgage deals to fit your needs leaving you to relax. Call us on (01249) 599019 or enquire online for you remortgage.

Buy-to-let

With the growth of the rental market over the last 20 to 25 years, this type of investment is an attractive option for some – compared to more conventional types of investment. Investors are frequently adding property ownership into their investment portfolio either to diversify their investments or to supplement their pension income. At ACC Associates, we not only have access to the high street banks and building societies but also a vast array of UK specialist buy-to-let mortgage lenders. With thousands of competing products to choose from and each lender having different rental and lending criteria, choosing the right mortgage has become a complex task. This is why the role of the mortgage broker and advisor is an essential step in finding the right deals available to meet your individual needs and plans. ACC Associates mortgage broker and advisor service will take care of reviewing what your options are and can find a suitable mortgage deal to fit your needs leaving you to relax. Call us on (01249) 599019 or enquire online for your buy to let mortgage or buy to let remortgage.

Self-employed mortgages

There are a growing number of people who do not fit the traditional model of income earners, due to the more entrepreneurial society we live in. This growing market of self-employed (freelancers, contractors and consultants) means mortgage lenders and providers have had to find a lending solution which gives you access to all that earning power. The traditional attitude of always checking with an employer for how much a mortgage applicant earned is no longer fit for purpose.

ACC Associates have access to specialist lenders and have the experience of arranging mortgages for the self-employed – where you are used to taking responsibility for your own finances. By taking advantage of the services offered by ACC Associates advisers, you can be confident in continuing to work on your own business – knowing you have someone separate to banks and estate agents, who you can trust looking after your mortgage needs.

ACC Associates mortgage broker and advisor service will take care of reviewing what your options are and can find right mortgage deals to fit your needs, leaving you to work on your business. Call us on (01249) 599019 for your mortgage or remortgage.

Credit problem mortgages

We understand the problems experienced by some people with financial difficulties when it comes to getting a competitive mortgage deal. If you have experienced County Court Judgements, defaults, mortgage payment problems or personal debt, your mortgage options can be severely limited – particularly if you are looking for help from traditional high street mortgage lenders or some brokers and advisors. In the worst case scenario, you maybe declined altogether for your mortgage. The good news is there is no need to panic about your credit history because there is help to be found. Many other people across the country are in the same situation because they do not fit “normal” mortgage lending criteria. We help many of our mortgage customers out of this seemingly helpless situation, by arranging a “niche mortgage” product until the mortgage borrower is back on track. Non standard mortgage borrowers fit a wide range of categories: you may have been blacklisted or have a bad credit history and have been refused a mortgage or credit elsewhere, you may have mortgage arrears, County Court Judgement’s or do not have a bank account or maybe you have moved home often. Whatever the reason, because you do not fit the normal mortgage criteria, mortgage lenders will consider you a higher risk than a standard mortgage borrower. This risk to mortgage lenders means some of the interest rates they will charge for a niche mortgage could be higher than normal rates.

Will I always need a non-standard mortgage?

It doesn’t sound much help does it – a higher rate mortgage when perhaps you are already in a tight spot financially with your mortgage or other credit? But it’s worth noting that the higher mortgage rates attached to non-standard mortgages need not always necessarily be the case for you.

Bear in mind that once you have a niche mortgage for a period of time and have managed to meet mortgage payments on it each month, you will have placed yourself in a more credit worthy position and improved your credit history. ACC Associates will be with you every step of the way and look to place you with a more mainstream mortgage lender as soon as you have rebuilt your credit record.

At ACC Associates we will focus on helping you to obtain a mortgage from a more mainstream lender to get a mortgage for your new home or to remortgage your existing home and release equity to pay off outstanding debts if this is what you choose.

We work for you, not the mortgage lender – so you can rest assured that we will find the right mortgage for you. ACC Associates mortgage broker and advisor service will take care of reviewing what your options are and can find suitable mortgage deals to fit your own needs leaving you to relax. Call us on (01249) 599019 or enquire online for your mortgage or remortgage advice.

Local authority right-to-buy mortgages

The “right to buy” scheme is considered by many to be one of the greatest opportunities open to you to get your foot on the property ladder – particularly with the schemes offered by some mortgage lenders. After a period of renting your local authority home from the council, you can qualify to buy your home. This is usually at a reduced cost as you will receive a discount for being a tenant and for paying rent. Under the right to buy scheme you are entitled to a discount off the value of your home once you have lived in it for a set period. Buying your home could work out cheaper than paying your rent! You could also borrow mortgage funds to modernise and improve your home. If you are thinking of buying your local authority owned home, why not give ACC Associates a call and see how we can help you?

ACC Associates mortgage broker and advisor service will take care of reviewing what your options are and can find the suitable mortgage deals to fit your own needs leaving you to relax. Call us on (01249) 599019 or enquire online for your mortgage.

Offset/Flexible mortgages

An offset mortgage is a fully flexible mortgage which will allow you to keep balances (such as mortgage debt, savings and a current account) in separate accounts, but for the purposes of interest calculation all balances are combined.

Money in savings or current accounts is set against your mortgage balance and mortgage interest is only charged on the outstanding amount – meaning mortgage interest payments are lowered or the term of your mortgage reduced (depending on the mortgage lender).

The principle of an offset mortgage is simpler than you may have been led to believe. If you have even a small amount of savings, they can be used to cancel out some of the interest you are paying on your mortgage. By using your savings to offset your mortgage payments you avoid paying tax on interest that savings deposits would normally attract. Additionally, because offset mortgage lenders calculate interest daily, every pound in your deposit account works hard to reduce the cost of borrowing.

Flexible mortgages come in many guises, but in many cases allow you to make extra lump sum or monthly payments, borrow back money, take payment holidays and make underpayments on your mortgage.

Offset and flexible mortgages suit certain types of mortgage client but they can often come attached with slightly higher interest rates or fees – so it is essential to compare the mortgage scheme against a mainstream mortgage product to ensure the benefits and savings really do work for you.

With more and more mortgage lenders operating in the offset and flexible mortgage market, all offering different “quirks” on their products in competition with each other, it is crucial that a comprehensive comparison is made. With access to a comprehensive range of lenders, ACC Associates mortgage brokers and advisors can compare mortgage lender products at the touch of a button, thereby ensuring that you are getting a mortgage deal to suit your individual circumstances.

ACC Associates mortgage broker and advisor service will take care of reviewing what your options are and can find the right mortgage deals to fit your needs leaving you to relax. Call us on (01249) 599019 or enquire online for your mortgage or remortgage.

 

Some Buy to Let mortgages are not regulated by the Financial Conduct Authority.