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Thinking of Buying a Home?

We specialise in all aspects of Residential & Commercial Lending; we are your guiding partner throughout the borrowing process.

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Moving Home

So, you’ve found your new dream home? Great! We think it would be best sticking with our current mortgage provider, however with the complexities in the mortgage market with new deals always been launched and withdrawn. Your current lender may not always be able to offer the best deal.

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Whole of market brokers

    With 1000+ exclusive mortgage products, you can be sure that we will find the perfect deal for you.

Mortgage that suits you

    No matter your circumstances, we are here to get the right mortgage for you.

On time customer support

Our customers are our priority
and they get quick responses.

How much can you borrow?

Determining how much you can borrow is mainly based on your income that you receive from your employment. The amount being borrowed from the lender can be increased if there are two applicants, if you have a second job or if you have any other form of annual income such as tax credits or rental income. The more income the applicants have the more the lender will borrow to them. However, the amount being borrowed does vary from lender to lender and you will have to take into account your credit commitments as this will affect the amount a lender will borrow to you. It is important to consider your monthly outgoings before you get a mortgage as well in order to make your monthly mortgage payments affordable and you should also take into account any changes in your income or expenditure both now and in the future. As you will have to be able to afford your mortgages as missed monthly mortgage payments could lead to the repossession of your home. Our Mortgage calculator lets you work out how much you can borrow in an easy and simple manner.

How much will your mortgage cost you?

Your Mortgage will likely be your biggest monthly expenditure so it is imperative that you know how much your mortgage will cost you monthly. You will want to make sure that your mortgage is affordable and that you can keep up with your monthly payments as failure to do so can have some dire consequences such as bad credit and even repossession of your home. Our Mortgage Calculator is a quick and easy way to work out how much your monthly payments may be in order for you to work out if it is affordable to you and whether it meets your circumstances. The Mortgage calculator quantify your monthly mortgage payments based on the details that you provide so make sure they are entered correctly or you may receive wrong information. If you do have any questions do not hesitate to contact RFB for fee-free advice.

Deposits

Before buying a property you will need to have a deposit in place (a sum of money paid into a bank or building society account).

How much money will you need to have for your deposit?

There are some lenders that allow 100% mortgages although in this day and age it is almost impossible to get one. You will generally need to have a minimum of a 5% of the property value for your deposit for example if you are looking to buy a property for £100000 you will need to have a deposit of £5000. However the larger the deposit that you the better the interest rate deal you will be applicable for.

We will advise you on the best rates available on the mortgage market depending on the amount of deposit that you have. Home Buyers who have bigger deposits like 15% and 20% are now applicable for some great deals that are now available especially with interest rate being at a record low. However for First Time Buyers having that big of a deposit can be quite difficult which is why the government has introduced chemes to help Firt time buyers. These are called Help to Buy schemes, the government will aide you in buying your first home. Our Brokers will guide you to the best deals available to your personal circumstances.

Check out our handy calculators

Our quick mortgage calculators are designed to give you an indication of how much you can borrow and allow you to consider the different mortgage options available to you.

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We are proud members of the:

Refer, Relax and get £50

If you refer a friend for a mortgage or any type of finance you’ll both receive £25 each when their new application successfully completes.

FCA disclaimer

*Based on our research, the content contained in this article is accurate as of most recent time of writing. Lender criteria and policies change regularly so speak to one of the advisors we work with to confirm the most accurate up to date information. The information on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. All advisors working with us are fully qualified to provide mortgage advice and work only for firms who are authorised and regulated by the Financial Conduct Authority. They will offer any advice specific to you and your needs. Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. Equity released from your home will also be secured against it.

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