Chestnut Financial Services Limited

10 Newark Road, Bassingham, LN5 9HA

Call Us: 01522 788887

Email Us: ian@chestnutfs.co.uk

Chestnut Financial Services Limited

10 Newark Road, Bassingham, LN5 9HA

Call Us: 01522 788887

Email Us: ian@chestnutfs.co.uk

Chestnut

Financial Services Limited

10 Newark Road,

Bassingham,

LN5 9HA

Call Us: 01522 788887

Email Us: ian@chestnutfs.co.uk

Our Mortgage Advice Service

A Warm Welcome

Mortgages come in many shapes and sizes, so it can be complicated and difficult to find the right one to suit your needs, and at the lowest cost.

As an independent mortgage adviser, my range of clients has included; first time buyers, purchasers, remortgagers, buy-to-let landlords, second chargers, bridging loaners, self-builders, and property converters, renovators and refurbishers. Quite a list!

We want to make sure you get the right deal for you - and that takes great quality independent mortgage advice. We search the whole of the market, match lenders individual lending criteria to your situation, check affordability, help with decisions in principle, and full applications - onwards towards completion!

Whether you have been frustrated by the banks, or just want the reassurance somebody is on your side working hard to get a solution for your unique situation, why not give us a call and see if we can give the right mortgage advice for you!

Ian is qualified through and a member of, the Society of Mortgage Professionals (SMP), to make sure all his advice is the best available for his clients.

What Our Mortgage Advice Can Do For You

Whatever your questions, speaking with an independent mortgage adviser is likely to be a great experience. Our mortgage advice service aims to explain everything for you, at your pace, usually in your home.

We can give you the confidence when thinking about mortgages because you will be dealing with an independent mortgage adviser who can give impartial advice and research from the widest range of solutions available, using the latest technology.

Whatever your situation, finding the most appropriate type of mortgage and the most competitive deal, from the potentially hundreds to choose from, can be tricky. But a professional independent mortgage adviser such as ourselves might just be the perfect answer. We can search the whole of the lending market for you, giving you the confidence that you have the right deal at the right price. We examine headline rates, underlying details and lender's fees, and give you the confidence to know what the best deals are - that's what independent mortgage advisers do best!

We save you spending hours talking about your situation with each individual lender. We look into each lenders affordability criteria, income calculations, and all the other issues that they take into account in deciding if you are the right fit for them. Imagine having a friendly mortgage adviser that takes all that time and frustration away from you. Even if sadly some lenders might turn you down, we work hard across the market to try to find solutions!

As independent mortgage advisers, we'll work hard to make sure we know your budget for your new mortgage package and that you understand your options.

Our service never stops there - we always stay in touch to make sure everything is proceeding ok, and as mortgage advisers, we can review your situation as regularly as you would like.

Our First Time Buyer Service

If you think its all rather daunting to find a mortgage then rest assured, we answer all of your questions for you and provide independent mortgage advice in a clear and understandable way.

There are a few questions many first-timers have and need answers to; 'what can I afford', 'what value of property can I look for', 'what deposit do I need', 'what costs and legal processes are involved'? Our role, as independent mortgage advisers, is to answer these questions - and many more - for you, at your pace, and your convenience.

We want you to feel really comfortable you can afford your new home, that you understand the numbers, and feel comfortable you have indeed received great independent mortgage advice. We enjoy doing all of the hard work for you, working hard to find you the ideal mortgage package that fits your budget and background, and supporting it with great mortgage advice.

We have built a strong reputation for helping first-time buyers, with all kinds of personal situations, even if you have struggled with credit problems, need a high level of borrowing, or have an unusual property in mind. If you would like to talk to us then don't hesitate to get in touch.

Our Remortgage and House Purchase Service

Many of us stay with the same mortgage lender even when the initial borrowing rate has ended. We may be able to save money by remortgaging - switching to a new mortgage provider or finding a better deal with the existing lender.

We have built a solid reputation as independent mortgage advisers for those clients looking at remortgaging or just looking to buy a new home, helping to arrange great deals that save money and take the hassle out of mortgaging.

We act on your behalf, taking into account all your personal circumstances and finding the right solution. We shop around the different lenders to find the best rate for you and support it with independent mortgage advice. We can prepare all the paperwork to give you the best service and the least inconvenience.

Please give us a call to see if our mortgage advice service is right for you!

Our Buy to Let Mortgage Service

You can get a buy-to-let mortgage under the following circumstances:

  • You want to invest in houses or flats.
  • You can afford to take and understand the risks of investing in property.
  • You already own your own home, whether outright or with an outstanding mortgage.
  • You have a good credit record and aren’t stretched too much on your other borrowings, for example, credit cards.
  • You earn £25,000+ a year. If you earn less than this you might struggle to get a lender to approve your buy-to-let mortgage
  • You’re under a certain age. Lenders have upper age limits, typically between 70 or 75. This is the oldest you can be when the mortgage ends not when it starts. For example, if you’re 45 when you take out a 25-year mortgage it will finish when you’re 70.

Great independent financial advice is really useful to find out what lenders would think you can afford before wasting a lot of time searching for something you can't get a mortgage for.

We regularly speak with a wide range of lenders in the buy to let market, who have great deals available. We are confident our mortgage advice on buy to lets will give property landlords great deals.

MOST FORMS OF BUY TO LET MORTGAGE ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

Our Bridging Loan Service

Bridging loans are a short-term, stop-gap interest-only funding solution for clients needing quick access to funds. This type of loan is mainly used during property transactions, whereby the ‘bridging funds’ are secured against a property as a short term finance option until the sale completes.

The bridging funds are used to 'bridge the gap' until a more suitable, long term financial solution like a mortgage or loan can be secured. By using a bridging loan like this, the borrower is able to secure the property they desire, allowing exchange and completion to occur much faster, saving time and legal costs in the process.

We work on your behalf to deliver access to market-leading rates. A bridging loan will generally carry a higher interest rate when compared with a long term mortgage or bank loan, but when you consider the time and money they can save, this higher interest rate can soon be negated.

For example, when using a bridging loan to purchase a property at auction, the borrower can bid on properties safe in the knowledge that they will be able to get the funds in time to complete within the auctioneer's settlement time frame.

There are many other reasons though to consider a riding loan to solve a problem, such as:

  • Paying tax bills
  • Raising capital quickly
  • Buying an investment property e.g. auctions, refurbishments, land without planning permission
  • Looking to purchase a property but are yet to sell their existing one e.g. downsizing
  • Want to convert an estate into several separate properties
  • Wish to acquire an uninhabitable property or extend a lease
  • Helping Buy To Let landlords expand their property portfolio if a property isn't yet in a rentable condition

Our Second Charge Mortgage Service

Second charge mortgages allow you to use any equity you have in your home as security against another loan. This might help you meet an unexpected bill, or pay something extra off at cheaper borrowing rates than using credit cards or unsecured loans.

Offering an alternative to remortgaging, a second charge provides a cost-effective means of freeing up capital without interfering with the original mortgage – preserving attractive interest rates or avoiding high early-redemption penalties.

It’s called a ‘second charge’ mortgage simply because the primary mortgage on a property is referred to as the ‘first charge’ mortgage.
Second charge mortgages offer speed of completion when compared to remortgaging or a further advance. They allow a flexible approach to customer circumstances and offer more generous income multiples than other forms of finance too.

Today, second charges are well-known for offering competitive rates at a small premium to first charges. With an average loan-to-value (LTV) of 60%, lending is prudent and based on full affordability and income checks. The time from application to completion is often just weeks or even days.

Second charge mortgages are regulated by the Financial Conduct Authority, with clear terms that treat customers fairly.

Popular uses of second charge mortgages are:

  • To fund home improvements without disturbing the main mortgage
  • Consolidate loans and credit cards to save monthly outgoings and give flexibility to repay at any time
  • For buy to let landlords to use existing property equity as a deposit to buy another buy to let property
  • Enable capital to be raised quickly
  • Raise capital for those with a poor credit rating - even where declined on an unsecured basis
  • Avoid paying an early redemption charge on an existing mortgage
  • Raise capital for those on a low-interest rate on an existing mortgage and don’t want to lose it by remortgaging
  • Borrowing for more than the maximum limit of an unsecured loan
  • Fundraising even where cannot get a further advance from their existing mortgage lender
  • Capital raising for something traditional lenders won’t allow for, like debt consolidation, business funding, tax bills, school fees or raising a deposit for an investment property

Your home may be repossessed if you do not keep up payments with your mortgage

Photo of Emma Francis, Office Manager, for Chestnut Financial Services Limited

Please Get In Touch

We always look forward to speaking with our clients.

You can telephone our office on 01522 788887.

Or you can email us - our address is ian@chestnutfs.co.uk

Logos for Chestnut Financial Services

The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.

Chestnut Financial Services Limited. Registered in England no 9918363. Registered office: 10 Newark Road, Bassingham, LN5 9HA. Authorised and regulated by the Financial Conduct Authority No. 840940