18 items found for ""
- Terms & Conditions | RMR Finance Ltd.
- Buy-to-Let Advice | RMR Finance Ltd.
Buy-to-Let Whether you already have a property portfolio, or you are looking to rent your property for the first time, it is worth asking a broker for the most current information. Buy-to-Let advice is not regulated by the Financial Conduct Authority. How much can I borrow? Buy-to-Let mortgages usually require a higher deposit than a standard residential mortgage. Sometimes you may not be able to access shorter term products or higher loan to value products. The criteria for Buy-to-Let mortgages is constantly changing so book a free advice chat to make sure you are up-to-date. Book Advice Appointment CREDIT REPORT - Experian - Equifax We recommend using Checkmyfile.com as it is the most comprehensive credit agency – you will be amazed what the banks can find out about you! Checking here first will help you understand what they will see. PROOF OF DEPOSIT - Bank/savings account statement - Stocks and shares statement - Gift letter plus bank statement - Certificate from executors (for inheritance) What documents do I need? PHOTOGRAPHIC IDENTIFICATION - Passport - Driving license (with the correct details on them!) BANK STATEMENTS 3 to 6 months worth - To prove expenditure and affordability PROOF OF ADDRESS - Bank/credit card statement - Utility or council tax bill - Driving license (if not used for photo) PROOF OF INCOME - Payslips (minimum 3 months) If employed - SA302/tax year overview (1-3 years) if self-employed. Need more help? Phone 07899 755157 Email email@example.com Connect
- Remortgages | RMR Finance Ltd.
Remortgages Whether your current fixed rate is coming to an end, you are looking to swap to a better deal, or you want to release some money to consolidate debts, these are just some of the reasons why you may want to remortgage. People often get overwhelmed with the paperwork required for a remortgage, but we are here to help reduce that workload. Can't find what you are looking for? Click here to get in touch and Ray or Leonie will get back to you as soon as possible. Can't I just stay with my current lender? Yes, you absolutely can! This is called a Product Switch or Product Transfer. Whilst you may wish to stay with your current lender to avoid some of the costs associated with remortgaging (survey and solicitor fees), you may find you can get a better overall deal by transferring to a different lender. A broker can advise what will work out best for your personal circumstances. Book Advice Appointment When should I arrange my remortgage? Generally you should look to start the remortgage process around three to six months before your current fixed deal ends. Some lenders will let you reserve a product for up to 90 days before having to complete a full application, so it may be worth speaking to a broker a little bit before this.If rates come down before your remortgage is due to complete, we can apply for another deal if time allows. There is certain paperwork that needs to be completed if you transfer to another lender and it is important to allow time to get this completed. If you don't complete on your remortgage before your current fixed deal ends, your lender will place you on their Standard Variable Rate (SVR) and your mortgage payments are likely to go up. I'm sure I didn't have to do all this paperwork last time! This may have been because you did a Product Transfer with your existing lender where not as much paperwork is required. It may seem overwhelming at first, but the paperwork is generally quite straightforward. Plus, we are here to help you every step of the way! You will need to complete: A Remortgage Questionnaire, which can be completed on line or posted A Customer Declaration, which must be printed, signed and returned by post A Digital Mortgage Deed with the Land Registry online, or a Paper Mortgage Deed if your case is not eligible for this service. An Occupiers Consent form if anybody lives at the property who is older than 17 years old and is not named on the mortgage. For further guidance on remortgages, please click here. PHOTOGRAPHIC IDENTIFICATION - Passport - Driving license (with the correct details on them!) BANK STATEMENTS 3 to 6 months worth - To prove expenditure and affordability PROOF OF ADDRESS - Bank/credit card statement - Utility or council tax bill - Driving license (if not used for photo) PROOF OF INCOME - Payslips (minimum 3 months) If employed - SA302/tax year overview (1-3 years) if self-employed CREDIT REPORT - Experian - Equifax We recommend using Checkmyfile.com as it is the most comprehensive credit agency – you will be amazed what the banks can find out about you! Checking here first will help you understand what they will see. What documents do I need? Sometimes lenders do not ask for all of these things, particularly if you already hold an account with them. When we arrange your remortgage we can advise on the exact documents needed. Can I remortgage early? You may wish to remortgage early if you want to lock in a cheaper deal, or if your circumstances change. Whilst there is nothing stopping you from doing this, it is worth checking if you have an Early Redemption Charge or an exit fee. Contact us and we can discuss the potential cost implications as well as the savings. Book Advice Appointment Need more help? Phone 07899 755157 Email firstname.lastname@example.org Connect
- Ways to Manage Increased Monthly Payments | RMR Finance Ltd.
Ways to Manage Higher Monthly Mortgage Repayments No doubt you will have seen in the news that mortgage rates are increasing. This is making many people nervous about their future repayments and affordability. We've created a short guide listing some ways to help you manage increased mortgage costs. Like most things, it's better to get in touch to discuss your concerns rather than waiting, and hoping rates will come down. Click here to get in touch and Ray or Leonie will get back to you as soon as possible. Need more help? Phone 07899 755157 Email email@example.com Connect
- Equity Release Advice | RMR Finance Ltd.
Equity Release Equity release refers to a range of products letting you access the equity or cash tied up in your home without you having to sell. You can take the money you release as a lump sum or in instalments, so it is like using your property as a pension. The schemes are aimed at mature people, over the age of at least 55 years old. In the past there were schemes where people ended up owing more than the value of the house but this is no longer the case and the schemes are more regulated than ever. Ray Williamson has been qualified in equity release since 2022. Can't find what you are looking for? Click here to get in touch and Ray or Leonie will get back to you as soon as possible. Am I eligible for equity release? To be eligible for equity release: All applicants must be aged 55 years or older You must own a home worth more than £70,000 You do not need to be mortgage free, but you must pay off your remaining mortgage with the funds released. However, equity release is not suitable for everyone. Talk to us today to see if it is the best option for you and your family. THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION. Book Advice Appointment Will I still own my home? Yes, your home is still yours. A lifetime mortgage is a loan which is secured against your home. You can choose between taking your tax-free cash in one lump sum or have it available to drawdown as and when you need it following an initial, smaller, lump sum release. With a drawdown plan, you only pay interest on the money released. The loan (and any interest) is repaid when the plan ends. That’s usually when the last remaining applicant either passes away or enters long term residential care. Does it mean my family does not get any inheritance? Not necessarily. Depending on the plan you choose, some allow for a certain percentage to be left to family members. When you speak to us, we can advise which plans best suit your goals. In the past people were sold products that meant they ended up owing more money than the property was worth, however this is no longer the case. All of the Equity Release products we have access to have a ‘No Negative Equity Guarantee’ which means your family can now be assured that they will get some inheritance and not a debt. Book Advice Appointment What happens if I want to move home or have to go into care? All plans that meet the Equity Release Council’s standards allow you to transfer your plan to a new home, as long as it provides enough security. A provider may rule out age-restricted or leasehold retirement housing. If you need to go into permanent residential care, you will usually repay the loan by selling the property. Need more help? Phone 07899 755157 Email firstname.lastname@example.org Connect
Services Quick Mortgage Chat 15 minutes Book Now Arrange an AIP 30 minutes Book Now Application 60 minutes Book Now Need more help? Phone 07899 755157 Email email@example.com Connect