mortgage financial services
Tailored By Expert Advisors, Our Mortgages Are Made To Fit Your Circumstances and Needs.
How Mortgage Finance works
A mortgage is a loan taken out to buy property or land. Most run for long term but the term can be shorter or longer. The loan is ‘secured’ against the value of your home until it’s paid off. If you can’t keep up your repayments the lender can repossess (take back) your home and sell it so they get their money back.
As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments.
Our aim is to help individuals and businesses to achieve their financial goals.
- Our approach is straightforward. You tell us about your current situation and about your financial objectives and when you want to achieve them.
- We develop a practical plan designed to help you meet those objectives. We will discuss the plan with you and agree the course of action you want to take. Whilst the final decisions are of course yours, we are here to help and guide you with jargon-free advice both now and in the future.
In helping you achieve your goals, our adviser will recommend and provide advice on the following types of mortgages:
- First-time buyer mortgages
- Buy-to-let mortgages
- Second Charge Mortgages
- Bridging Loans
- Further Advances
- Equity Release
- more info at www.prosperityfinance.uk
For a fixed price quote, call our Team of expert or Request a callback and we will call you.
What we do for Mortgages
Frequently Asked Questions
You can get a mortgage in the UK even if you’re not a UK citizen. It’s less about where you born, and more about your credit history, and that you’re allowed to be in the UK and earn money there. Credit history is country-specific: there’s no such thing as, for example, “a European credit score”
In terms of securing a mortgage offer, there’s no hard and fast rule over the time it takes, but most of us can expect to wait around a month (between 18-40 days) from application to mortgage offer – provided the process goes smoothly and your application is relatively straight forward.
The average monthly take-home pay was £2,309, whilst the average monthly mortgage payment was £669, which was based on someone with a 30% deposit.
After the lender approves your loan, you will get a commitment letter that stipulates the loan term and terms to the mortgage agreement. The commitment letter will include the annual percentage rate and the monthly costs to repay the loan. It will also include any loan conditions prior to closing.