We understand the complex nature of healthcare incomes and how they can cause difficulties in getting the mortgage you want. We have trusted relationships with specialist healthcare lenders and access to exclusive deals.
No impact on your credit score
As a specalist in helping medical professionals obtain a mortgage, we don't waste time, we understand the problems you face and get straight into solving them.
We have 50+ years experiance in helping clients obtain mortgages. We leverage this experiance to provide you with a stress free journey.
We have built relationships with highstreet lenders who are able to offer us favourable terms and rates.
We are a 'whole of market broker' meaning we have access to every lender of the market and compare them all to find you the best mortgage deal.
We understand that you work non standard working hours, that's why, we are avaiable from 8am to 10pm to assist you.
All of our mortgage advisors are qualified to the highest of standards. We are authorised and regulated by the financial conduct authority.
To help us understand your mortgage requirements and the kinds of products avaiable, your first task is to complete our mortgage fact find.
After that, we will schedule a meeting for you with a Barry based mortgage advisor so they can gather a few additional details from you.
Then, to improve your chances of the seller accepting your offer, we can set up an Agreement in Principle for you in less than 24 hours.
We may begin the mortgage application process once you’ve chosen your ideal house and are satisfied with our mortgage advice. More than three weeks may pass before a formal mortgage offer is made, during which time we will keep you updated on the status of your application.
We advise our applicants to get an Agreement in Principle (AIP) as soon as possible as a Barry mortgage broker. When viewing properties, having an AIP can improve your chances of being approved by the seller. Additionally, it can present a chance for a price negotiation.
During the mortgage application, you’ll be asked to provide the following documents,
– Latest 3 Payslips (Employed), Last 2 years’ Accounts (Self-Employed) – Latest 3 Months’ Bank Statements – Latest P60 – Photographic ID
Your free mortgage consultation should last between 30 and 60 minutes, to start. Within 24 hours of this being finished, your Barry mortgage advisor will secure an AIP on your behalf. We can submit your mortgage application after that, if you’re happy to move forward with the arrangement that your advisor has suggested. The average turnaround time for a formal mortgage offer is 3 weeks.
If you self-employed while submitting your mortgage application in the UK, you must provide at least one year’s worth of financial records. As a Barry based mortgage broker, we’ve discovered that the majority of lenders determine the maximum mortgage amount you can borrow using your salary plus dividends. However, some lenders might base their decision on your net earnings.
The good news is Yes, you can obain a bad credit buy to let mortgage in Barry, although it is important to note, the interest rates charged by the lender will be higher.
EM Wales is a trading style of Estates Mitchell Limited is Authorised and Regulated by the Financial Conduct Authority under Registration Number 948488 at www.fca.org.uk/Register
The Financial Conduct Authority does not regulate all aspects of Commercial and Buy to Let Mortgages.