Mortgages

Residential Mortgages

Your mortgage is likely to be your biggest financial commitment. It is therefore important that you know what your choices are and what is available to you.

First Time Buyer

Looking to get your foot on the Property ladder.

Buying a house is one of the most important and likely to be one of the largest purchases you will make. Buying a home for the first time will require an understanding of the process that is involved from the initial viewing stage to the completion of the transaction.

Home Mover

Selling your current home and simultaneously purchasing a new property and porting your existing mortgage across to the new property. This can be done subject to the lenders criteria, a fresh application and a satisfactory survey.

Should you require additional funds to complete the purchase these could be raised on a different rate or the lenders Standard Variable Rate or you could look to another lender offering a more competitive package for the full amount.

Remortgage

If your existing mortgage product is coming to an end or has ended, the rate will revert to the lenders Standard Variable Rate which could be higher.

Remortgaging to another lender could save you significant amounts over a specified period. In some cases lenders offer free valuation and free legal fees as part of the package.

Rates offered will be based on the loan to value, along with the level of arrangement fees and all this needs to be considered.

Buy to Let Mortgages

Purchasing a property as a long term investment or coming to the end of an existing deal, or even adding additional properties to your portfolio. It is therefore important that you know what your choices are and what is available to you.

Purchase

Buying a house to rent out requires a larger deposit typically 25% and can also based on rental income rather than earned income. Rental calculations differ from lender to lender, although 125% of the monthly mortgage payments is typical. There are restrictions on types of properties, investors and tenants.

Remortgage

If your existing Buy To Let mortgage product is coming to an end or has ended, the rate will revert to the lenders Standard Variable Rate which could be significantly higher.

Remortgaging to another lender could save you significant amounts over a specified period. Rates offered will be based on the loan to value, along with the level of arrangement fees and all this needs to be considered.

Mortgages
life insurance
home insurance
equity release

We offer whole of market advice for all types of customers, whether you are a first time buyer, home mover or looking to purchase a buy to let property. Being independent we are able to offer impartial advice from the whole of the market to ensure you get the product that suits your financial needs.

Whether you are looking to protect your mortgage payments or your family, we provide independent advice for life insurance, critical illness cover and income protection from a wide range of providers.

Buildings Insurance is a requirement when you complete on a mortgage the cover is to provide security to the lender, the insurance covers the main structure of your home. It will cover you for subsidence, storm, flood, fire or smoke damage and cover the costs of rebuilding or repair.

Equity release is a way of releasing cash from your property, either through selling a percentage to the reversion company or taking a mortgage on it, while allowing you, the homeowner to continue living there as long as you wish.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers in the UK Your initial consultation is free. There is normally a fee for advising on and/or arranging a mortgage, which is typically £295. The Financial Services Authority does not regulate some forms of Mortgages

Park Gate is a trading style of Park Gate (Mortgage & Protection) Limited is authorised and regulated by the Financial Services Authority. Financial Services Authority registration number 302919 Registered in England No 05087041. Registered Office is at 54 The Causeway Downend Fareham Hampshire PO16 8RW

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