Elsby Associates Useful Articles

How do you find the right mortgage?

When it comes to what is in most cases our biggest monthly outlay of money, many of us simply shrug our shoulders and pay. Interest rates rise and so do our mortgage payments, we complain about it, it appears on the news, but can we really do anything about it?

The answer is yes but many of us choose not to. Mortgages seem complicated, with so many products, different percentages quoted, and don't even talk about the charges. It's a bit like trying to choose the right wine for that special meal, lots of bottles but which one will suit your taste?

That's where Elsby Associates can help. Unlike your bank or building society, To ensure the widest choice possible to suit your needs we have access to not only one lender's products but across the whole of market, some of which are not available from your local high street bank. We can use our experience to work out exactly how you might be able to save money on your monthly outgoings, in other words someone to choose the right wine to accompany your meal.

In the course of about an hour, by asking a few simple questions about your circumstances and importantly your household income and expenditure, we can work out exactly how much you can afford to borrow and how much a lender is willing to lend. In this current low interest rate market, its not necessarily a question of how much you earn which dictates how much you can borrow, some lenders will actually base their decision on what you can afford to pay.

Once we have compared this to your current arrangements, we will make a recommendation with no strings attached, you can either say yes if you feel the offer is right for you, or no if its not, at the end of the day its your choice. If we can save money on your mortgage, and you say yes you want to proceed, then it will have been one of the best spent hours of your week.

The next job is to complete the application, which we can then send off to the lender on your behalf, which completes the process. Once sent, we will help see that the mortgage is handled correctly and ensure that it completes on time and with the right repayments. It is as simple as that.

So if you think you are paying too much on your mortgage, don't know where to find the best rates or simply want help on finding the right mortgage for your own circumstances, then why not give us a ring on 0800 043 2631.

There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be £295-.However depending on your circumstances we may charge between 0% and 2% of the advance on completion.