Being a first time buyer brings all sorts of emotions to the table. It’s exciting, scary, frustrating and intriguing all at the same time. It’s a good job we’re a reputable company that has helped hundreds of people in your exact position. We’re first time buyer specialists and will hold your hand until you have the keys in them.

We have a tried and tested process when it comes to first time buyer mortgages. We understand that not all situations are the same which is why we take the time to sit down and get to understand yours personally. It’s important we listen and understand your situation because the requirements could dictate the complexity of the process.

We can help you understand how much you could borrow and discuss the other costs involved in buying a house. There are certain costs that aren’t so obvious or spoken about very much so we want to lay it all out for you.

We’ll support you with obtaining an ‘Agreement in Principle’ and guide you through each step once your offer has been accepted.

Mortgage rates are constantly changing so it’s arguably more important than ever to seek professional and quality advice regarding your mortgage or remortgages. We pride ourselves in providing the right advice for you, not the easiest solution for us.

We have a proven track record, array of reviews and wealth of knowledge, all of which
speak for themselves. We want to give you the best advice possible, tailored towards your remortgaging situation in Maidstone.

When people remortgage, they tend to go for the same lender out of convenience. This may not however be the best option at all. We take the time to find the best rates possible which could be a completely different lender.

Sometimes it pays to shop around and look a bit harder rather than take what might seem the easiest at the time. Popular reasons for remortgaging is to simply secure a new deal, or to release money for home improvements or to create that extra space. Whatever your case may be, we’d love to hear from you here at Thameside Mortgages Maidstone.

Contact today for a no obligation chat about your remortgaging requirements.

A home mover mortgage is needed when you’re looking to relocate to a house that is higher in value than your current one. We’ve worked with clients in this way to move both in and out of Maidstone – it’s a specialist area for us.

We have a thorough and efficient process in place in order to help you get your home move mortgage sorted. Our process starts with a valuation of your current property from an estate agent. Because you are likely to have a mortgage, we will take a look into your circumstances and find the right solution, whether it’s moving your mortgage to the new property, or choosing an entirely new one.

Everyone has a different background in regards to their mortgage so we need to understand yours personally. You may have a fixed rate mortgage for example or other things that may complicate the process but don’t worry because we will work it all out for you.

We can look after all the paperwork, deal with solicitors, liaise with estate agents and everything else on your behalf too. For more information on all this relating to home mover mortgages, simply get in touch with our Maidstone team today.

A mortgage for a property you would like to let out to tenants on a medium-long term basis are often known as buy to let mortgages. They can be quite complicated but a great way to generate passive income. You’d get a buy to let (BTL) mortgage if you were looking to become a landlord to tenants living in the property you own, or are looking to purchase.

You cannot get a buy to let mortgage if you intend on living in the property itself. If you are looking a buy to let mortgage, our helpful team in Maidstone will be more than happy to assist you.

When obtaining a mortgage, there are several fees and costs associated with the process. Here are some of the most common fees you may encounter:

• Application fee: Some lenders may charge a fee when you apply for a mortgage. This fee may cover the lender’s administrative costs, such as checking your credit report or verifying your employment.
• Valuation fee: Lenders typically require a valuation of the property you’re buying to ensure it’s worth the amount you’re borrowing. You may be charged a valuation fee to cover the cost of the valuation.
• Mortgage arrangement fee: Some lenders charge a mortgage arrangement fee, which covers the cost of setting up your mortgage.
• Legal fees: You’ll need to hire a solicitor or conveyancer to handle the legal aspects of your property purchase. They’ll charge a fee for their services, which may include things like conducting local searches, checking contracts, and registering the property with the Land Registry.
• Survey fees: You may choose to have a more detailed survey of the property conducted to identify any potential issues, such as structural defects or problems with the roof or plumbing. There may be a fee for this service.
• Stamp Duty Land Tax (SDLT): In the UK, you’ll need to pay SDLT when you purchase a property above a certain value. The amount of SDLT you’ll pay depends on the purchase price of the property.

It’s important to factor these fees and costs into your budget when considering how much you can afford to borrow. Your lender or mortgage broker should provide you with a breakdown of the fees associated with your mortgage, so be sure to ask for this information upfront.

Thameside Mortgages, as a mortgage broker in Maidstone, offers a range of compelling reasons why clients may choose to engage our services:

1. Wide Lender Access: Our extensive network includes over 90 lenders, including those not commonly found on the high street. This allows us to assist clients in finding a mortgage product tailored to their individual needs and financial circumstances.
2. Expert Guidance: With nearly two decades of experience in the mortgage industry, our brokers possess a comprehensive understanding of the market. We provide clients with expert advice and informed guidance throughout the mortgage process.
3. Streamlined Technology Integration: At Thameside Mortgages in Maidstone, we leverage technology to simplify the mundane aspects of obtaining a mortgage. Through our online portal, we facilitate efficient application management and provide real-time updates on application progress.
4. Personalized and Friendly Service: As a small, family-run company, we pride ourselves on delivering a personalized and friendly service. Clients work with the same broker from start to finish, fostering trust and ensuring a comfortable experience.
5. Time-Saving Convenience: Engaging our services as a mortgage broker saves clients valuable time and effort. We handle the mortgage application process on their behalf, including paperwork completion, lender communication, and ongoing guidance and support.

In summary, Thameside Mortgages in Maidstone offers clients access to a wide range of lenders, expert guidance, streamlined technology, personalised service, and time-saving convenience. We are committed to providing tailored solutions to meet our clients’ individual needs and help them navigate the mortgage process with ease.

You may consider contacting a mortgage broker at any stage of the home buying or refinancing process, but it can be particularly beneficial to do so early on. Here are some instances when you might want to contact a mortgage broker:

Before you start house hunting – A mortgage broker can help you determine your budget and obtain pre-approval for a mortgage, which can make the home buying process smoother and more efficient.

When you’re comparing mortgage options – A mortgage broker can provide you with access to a wide range of mortgage products and lenders, allowing you to compare rates, terms, and features to find the most suitable option for your needs.

When you have a complicated financial situation – If you’re self-employed, have a non-traditional income, or have a less-than-perfect credit history, a mortgage broker can help you navigate the mortgage process and find lenders who may be willing to work with you.

A tracker rate mortgage is a type of mortgage where the interest rate is linked to an external benchmark, typically the Bank of England’s base rate. The interest rate on a tracker mortgage will fluctuate in line with changes in the benchmark rate. If the base rate increases or decreases, the interest rate on the mortgage will also rise or fall accordingly.

For instance, a tracker mortgage may be advertised as “base rate + 1.00%,” indicating that the interest rate on the mortgage will be set at 1.00% above the Bank of England’s base rate. If the base rate stands at 4.00%, the interest rate on the mortgage will be 5.00%. Should the base rate subsequently rise to 5.00%, the interest rate on the mortgage will increase to 6.00%.

Tracker mortgages offer flexibility and the potential for lower interest rates compared to fixed-rate mortgages, as borrowers can take advantage of any reductions in the base rate. However, they also carry the risk of higher payments if the base rate increases. It is crucial to carefully assess your financial situation and weigh the potential risks and benefits before deciding on a tracker rate mortgage.

A fixed-rate mortgage is a mortgage type where the interest rate remains unchanged for a predetermined duration, typically ranging from two to ten years. Throughout this fixed-rate period, the borrower’s monthly mortgage payments remain consistent, unaffected by fluctuations in the Bank of England’s base interest rate or other economic factors.

Once the fixed-rate period concludes, the mortgage often transitions to the lender’s standard variable rate (SVR), potentially leading to a notable increase in the borrower’s monthly payments. To avoid this potential rise, borrowers may opt to remortgage or switch to a different mortgage type before the fixed-rate period ends.

Fixed-rate mortgages offer borrowers stability and predictability, enabling easier budgeting and future planning. However, the initial interest rate for a fixed-rate mortgage may be higher compared to a variable-rate mortgage, and borrowers may miss out on potential savings if interest rates decrease during the fixed-rate period.

Several factors can determine the interest rate you’ll be offered when you apply for a mortgage. Here are some of the most important ones:

• Credit score: Your credit score is a measure of your creditworthiness, and lenders use it to assess the level of risk you pose as a borrower. Generally, the higher your credit score, the lower the interest rate you’ll be offered.
• Loan-to-value ratio: This is the amount of the loan you’re applying for compared to the value of the property you’re buying. Lenders typically offer lower interest rates to borrowers who are borrowing a smaller percentage of the property’s value, as this represents a lower risk to the lender.
• Loan term: The length of your mortgage term can also affect your interest rate. Generally, shorter mortgage terms will have lower interest rates than longer ones.
• Type of mortgage: Different types of mortgages come with different interest rates. For example, fixed-rate mortgages generally have higher interest rates than variable-rate mortgages.
• Economic conditions: Interest rates are also influenced by wider economic conditions, such as inflation, the Bank of England’s base rate, and market competition among lenders.

It’s important to note that different lenders may have different criteria for determining interest rates, so it’s always a good idea to shop around and compare offers from multiple lenders before making a decision.