Mortgage Services
At SJR Mortgages, we provide a bespoke service that fits around your schedule, ensuring you can continue to focus on what matters most.
So just relax.
Gain exclusive access to the whole mortgage market so you never miss a deal. We find the perfect mortgage solutions that suits your individual needs and circumstances.
Mortage Rates
Helping you find and understand the best mortgage rates from the range of products that mortgage lenders have to offer.
Knowledge
Ensure you understand the process, current interest rates and your repayment plan – ready to answer any questions you have throughout the process.
Affordability
Finding the most affordable offer for you and enabling you to manage your monthly outgoings and savings.
First Time Buyers
Moving into your first home is exciting and SJR ensures to answer all of your queries whilst discussing all options available to you, including schemes that could make the purchase of your first home possible.
Home Movers
Considering a move? SJR provides you with a clear understanding of the costs associated with moving and arrange the right mortgage to ensure you are fully prepared for the move. This may include porting your existing mortgage.
Re-Mortgages
Once it’s time to re-mortgage, SJR will assess your situation and recommend the best option for you, searching the whole market to find the best deal.
Mortgages for Professionals
SJR has the knowledge and experience in handling bespoke lending solutions for clients in specific professions that may have more complex financial situations. Some lenders may offer preferential treatment due to the ‘lower risk’ of the professional industry.
Buy to Let
Whether investing in your personal name or through a limited company, SJR ensures the buy to let mortgage is secured with a solution that meets your needs.
Frequently Asked Mortgage Questions (FAQs)
What is a mortgage?
A mortgage is a loan that you take out which is secured against the property.
What is a buy to let mortgage?
A buy to let mortgage is where you buy a property specifically as an investment with the intention of letting it out.
How much can I borrow?
Every lender calculates this differently. The amount you are eligible to borrow is determined by your income, outgoings, deposit and credit history.
What is a remortgage?
This is swapping from one lender to another. A remortgage is commonly applied for up to 6 months before your current deal expires.
What is conveyancing?
Also referred to as solicitors, conveyancers complete the legal work associated with the property transaction.
How do I prove my income?
Employed individuals would need to provide 4 latest months payslips and corresponding bank statements.
Self-employed individuals would need to provide accounts as SA302s and Tax Year Overviews or Full company accounts for Ltd companies.
How long do I take my mortgage out for?
Mortgage terms will have a cap based on what you can afford and the maximum term that the lender provides. Some lenders provide mortgages up to 40 years. The longer the term, the more interest you pay.
What fees are involved with taking out a mortgage?
- Valuation fee – charged by the lender to value the property.
- Solicitors fees – charged by the solicitor for completing the legal paperwork.
- Stamp duty land tax – a tax levied by the government which will vary based on your buyer status and the property value.
- Lender product fee – Charged by the lender for arranging the loan. Typically, they offer an enhanced rate with a product fee.
What if I want to rent out my property?
You will need to seek permission from the mortgage lender and they may change the terms of your mortgage.
What is a mortgage in principle?
Also termed as an agreement in principle or a decision in principle, they indicate whether your credit score and declared income is good enough to borrow the requested amount. You do not need to proceed with this lender when applying for the full mortgage.
What is a credit score?
This is a score that represents how you have conducted your finances over the preceding six years and is used by mortgage lenders to assess your credit worthiness.
What is the difference between fixed and variable?
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Disclaimers:
Your home may be repossessed if you do not keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.
