Choosing the Right Mortgage

We work with Silverton House Investments and number of other independent mortgage consultants to provide you with impartial mortgage advice. We understand that it can be daunting trying to the find the right mortgage deal with so many different options available. At Marble Properties we provide advice from the whole market to find the best deal for you whether you are remortgaging, moving home, first time purchase or buy-to-let. Whether you have bad credit history, CCJs or cannot prove income our advisors will be in hand to find you the right solution.

We promise to provide:

• The right advice based on your needs and wants
• The right product based on your needs and wants
• Plain and simple advice at your own pace
• Speedy and hassle-free transaction

In general there are two types of mortgages, residential and buy-to-let (BTL). Residential mortgages are based on the mortgaged property being occupied by you and your family. Secondly, at least 40% of the property must be used to for residential purposes and must not be given for rental with out changing the status to buy-to-let. The amount that you can borrow is based on your gross and it is usually 3.75 times your annual income for a sole application and 3.25 for a joint application.

Properties purchased for rental purpose are usually mortgaged through a buy-to-let mortgage. BTL mortgages are based on rental valuation usually at 115% or 125%. This means the monthly rental must at least equate to 115% of 125% of the monthly mortgage payment.

Within the two mainstream mortgage types there are various types of mortgage products available. This includes variable rate, fixed rate, tracker, capped rate and discounted rate. The product most suitable for your needs will depend on your circumstances.

For more information, complete the online form and one of our consultants will be happy to discuss your requirements.

Your home may be repossessed if you do not maintain repayments on your mortgage.