Mortgages
It's our job to check and be 100% sure you, your staff and family are all still on the best deal.
As Towers & Gornall treat our clients as friends, we've invested over 50 years in building deep, local trust in our accountancy, business advice and payroll services. It was vital therefore to choose the very best partner and fit for our mortgage services partnership.
T+G’s independent mortgage advisory service to individuals and their businesses is provided by our carefully selected partner, Key Mortgage Advice.
Our initial consultation is free, and during that meeting, we’ll discuss your circumstances and mortgage requirements. From there, we’ll analyse the market and carry out detailed research, focusing on your individual needs and preferences.
Whether you’re a first-time buyer looking to buy their dream home or a business owner hoping to purchase commercial premises, the entire process will be tailored to you.
We’ll then provide you with details of the mortgage products we recommend, which will take into account:
- Whether you meet the lender’s qualifying criteria
- The interest rate charged and other features of the mortgage product
- Any additional fees charged by the lender
- The lender’s ability to process your application within acceptable timescales
- The lender’s customer service ethos & financial strength
Once you’re happy with the mortgage product we’ve recommended and feel ready to proceed, our focus is to support you through the entire mortgage application process. We’re never more than a phone call away, we will provide you with regular updates, and we’ll liaise with the estate agent, valuer, lender and solicitor – We’re with you right up until the day of completion.
It doesn’t end there. We also provide all our clients with a Lifelong Mortgage Service and offer reviews and ongoing support throughout the entire duration of the mortgage.
We have two mortgage services available, standard or Mortgage Plus.
Our standard service, which is free of charge, will see us handling your mortgage application. However, if you’d like us to be more involved, our Mortgage Plus service includes:
- Fast-track mortgage application
- Negotiating purchase price with vendor’s advisors
- Liaising with estate agents, lenders and solicitors
Many of our clients prefer the Mortgage Plus service as they deal with one person throughout the transaction. In addition, because of our relationships with other professional advisers, the process is much faster. On many occasions, we’ve also been successful in negotiating a lower purchase price for our clients. Our Mortgage Plus service is available for mortgages, re-mortgages and commercial mortgages, with prices starting from £299.
Mortgages
Whether you’re a first-time buyer or looking to add to your property portfolio, we can help you get the perfect mortgage at the best price. Every lender has a unique set of lending policies and criteria, which must exactly match the circumstances of the borrower – therefore, arranging a mortgage has never been more complex. Our wealth of experience and knowledge of the underwriting criteria for each individual lender allows us to successfully direct applications and complete on over 95% of all mortgage cases. We have access to the whole market of mortgage products meaning we are truly independent and will help guide you to the most competitive and suitable mortgage product suitable for your needs.
Remortgages
Many lenders now offer discounted interest rate deals for an introductory period – normally for two, three or five years – after that, they’ll usually revert to a higher rate. However, you don’t have to stay with that lender after the introductory period has come to an end. Like most things nowadays, it’s important to shop around to see if you can save some money. If you want to know more about how we can help you swap to a better interest rate and save on your monthly repayments, then give us a call. Note: You may have to pay an early repayment charge to your existing lender if you remortgage.
Lifetime Mortgages
If you’re a homeowner, you’ve probably seen the value in your home increase over time. Lifetime Mortgages allows you to tap into some of this value and release a cash sum. A lifetime mortgage is designed for people over the age of 55 and allows clients to either buy a new home or release money from their current property without the need to make any monthly repayments during the lifetime of the loan. This is because the loan and interest are rolled up and repaid by the sale of your property when the plan ends. This is normally when you die, or move into long term care.
In many cases we can visit you in your own home, or if you prefer we can provide a telephone consultation, during which, it is vital that we completely understand your circumstances and priorities so we can provide clear and concise advice, which is individual to your personal circumstances.
If you wish to proceed with a recommendation, we offer full support with the mortgage application, legal forms and completion matters to ensure the process is as straightforward as possible. In addition, we will offer you our full support going forward should you require any subsequent further advances. Please note : We do not provide advice on home reversion plans. You may have to pay an early repayment charge to your existing lender if you remortgage.
Buy-to-Let Mortgages
Buy-to-let mortgages are specifically designed for people who want to buy a property to rent out. Buy-to-let mortgages are usually more expensive than normal mortgages, but they could help you become a property investor. If you don’t own your own home outright, or with a mortgage, finding a buy-to-let mortgage will be hard. Buy-to-let mortgages are generally arranged to either provide the borrower with an immediate income, or to act as a longer term investment.
Accordingly landlords may prefer to keep monthly payments as low as possible by arranging an interest only mortgage. Or they may prefer to maximise equity for the future by arranging a repayment mortgage and reducing the debt over the years. Recent changes to the ability to offset mortgage interest has meant some borrowers may prefer to arrange their portfolio into a limited company.
When landlords have 4 or more properties in their portfolio, they will be classed as a professional landlord and subject to more stringent checks when applying for a buy to let. This can sometimes mean arranging a mortgage is more difficult with certain lenders.
Obtaining a commercial mortgage relies heavily on the attractiveness of the proposition to a lender; therefore involvement of an experienced and well-connected advisor is hugely important. As independent specialists, we negotiate business mortgages with a range of lenders including major banks, commercial building societies, regional and local building societies and specialist commercial asset lenders. The appropriate commercial lender is purposefully selected to meet your needs.
Terms for business mortgages are not set in stone and our role in the transaction is to negotiate the best mortgage rate and terms. Our wealth of experience and market knowledge means we understand what is likely to be achieved given a specific set of circumstances. We are able to assist with transactions for purchasing premises to trade from or for investment opportunities for commercial landlords.
Commercial Mortgages
Obtaining a commercial mortgage relies heavily on the attractiveness of the proposition to a lender; therefore involvement of an experienced and well-connected advisor is hugely important. As independent specialists, we negotiate business mortgages with a range of lenders including major banks, commercial building societies, regional and local building societies and specialist commercial asset lenders.
The appropriate commercial lender is purposefully selected to meet your needs. Terms for business mortgages are not set in stone and our role in the transaction is to negotiate the best mortgage rate and terms. Our wealth of experience and market knowledge means we understand what is likely to be achieved given a specific set of circumstances.
We are able to assist with transactions for purchasing premises to trade from or for investment opportunities for commercial landlords.
