MKL Finance can help with assistance from Mrs Sophia Lefat our Independent Mortgage Advice and Financial Consultant.
He can direct you with mortgage help and guidance.
After you have posted your NO commitment enquiry submitted on-line, your enquiry will be passed over to our associate Anthony Pavli who is devoted to individual home mortgage and will talk about the specifications with you. He will be able to provide you with guidance and probably suggest a home mortgage from a panel of creditors. All home mortgage enquires are under obligation and definitely will be handled with the most stringent of assurance.
Our home mortgage associate, is aware that, everybody will have different needs and specifications, so our associate will take a close look at every home mortgage enquiry on a situation by situation. foundation to discover a home mortgage or re-mortgage to fit your needs.
Repayment mortgage - the most straightforward type of mortgage. monthly payments pay off both interest and capital, which provided by you keeping up the payments, ensures that the whole loan is paid off by the end of the term.
The repayment term in the UK is usually 25 years on a mortgage. This standard period of time means that the repayments are a lot more manageable than, say, a mortgage paid off over 15 years. However, you can choose the length of repayment term.
The other type of mortgage available is an Interest Only Mortgage. You simply pay off the interest each month but do not touch the capital, which means that by the end of your repayment period you still owe exactly the same amount you borrowed from the lender in the first place. However, as you are not paying off the capital each month, the surplus money that you have is invested in a separate repayment vehicle.
Below is a list of services and basic lending criteria.
- Buy to let
- First time buyers
- High loan to value
- Right to buy
- Self build
- Self employed
- Sub prime / adverse credit
- Buildings & contents
- Critical insurance cover (CIC)
- Whole of life insurance
- Mortgage protection insurance
Applicant must have the following documents to apply for a mortgage.
- 3 months payslips
- 3 months bank statement
- Utility bill preferably council tax bill (dated within last 3 months)
- Passport / travel document
- 3 years SA302’s (can accept one year subject to circumstances)
- 3 years tax overviews (can accept one year subject to circumstances)
- Utility bill - preferably council tax bill (dated within last 3 months)
- Passport / travel document (documents must be in date)