Skip to main content | Accessibility | Site Map | Contact Us

Mortgage Glossary Page Masthead Shire Direct - the home of tailor made financial solutions | freephone 08000 282 281

Mortgaging: Information on the basics, plus mortgaging help at hand from Shire Direct!

The act of Mortgaging is to raise finance on land and buildings, whilst re-mortgaging is the act of replacing one mortgage with another.

Here we present further mortgaging information, where we discuss mortgaging basics together with information on the kinds of mortgage we can assist with at Shire Direct, and how we can usually help with a mortgage even if you have a poor credit history!

What is Mortgaging? The basics of mortgaging explained!

So, if you're reading this, you're probably wanting to know a little bit more about the mortgaging process. You might even be asking yourself 'What is Mortgaging exactly?', and that's a good a place as any to start, so let's begin there!

Mortgaging is simply the act of raising finance (i.e. a Mortgage) for home purchase, or for land and buildings of one type or another. It's probably also useful to point out at this stage that 're-mortgaging' is the act of replacing one mortgage with another. We discuss remortgages in greater detail in our Remortgages explained glossary article, as well as our 'Switching Mortgages' page, which we believe is well worth a read if you already have a mortgage!

Shire Direct are an "all status" mortgaging company!

As an "all status" mortgaging company, we have an extensive range of specialist mortgage products and lenders within our lending portfolio. These are designed to provide our customers with a wide range of different mortgaging plans to accommodate most types of situations, from the straight forward "prime" applications, to those instances where people may have experienced difficulties of one form or another in the past.

Our aim is to come up with just the right product for you - whatever your circumstances! You may also be interested to know that Shire Direct Mortgages are directly authorised and regulated by the Financial Services Authority to carry on the business of advising on, and arranging regulated mortgage contracts.

I have a poor credit history, can you assist me when it comes to mortgaging?

You'll be pleased to know that the answer is yes, we usually can!

At Shire Direct we appreciate that not everything in life is black and white! We understand that sometimes many of us will experience a bit of a blip of some sort in life, and many a time often through no fault of our own!

A quick call to one of our professionally qualified mortgage advisors can help reassure you that mortgaging help is usually at hand, even in the trickiest of circumstances, including...

You'll find that as a specialist mortgaging company, we here at Shire Direct can usually assist where others often fail, including High Street Banks, Building Societies and indeed other specialist Mortgage Intermediaries!

What kinds of Mortgaging plans can Shire Direct provide?

As you are probably aware, there is a tremendous range of mortgage schemes and products in today's marketplace, and these different mortgaging schemes include:

There are indeed many others too! We recommend taking a look at our 'Different types of Mortgages explained' page, as a good starting point for further information on the different types of mortgage schemes available, where you will find more detailed information on the various different mortgage schemes available, most of which you'll be happy to know we can usually assist with!

Contact Shire Direct for further Mortgaging help, advice and information!

As you will probably realise, mortgaging is likely to be the largest financial transaction you will ever undertake, so it's important to get it right at the outset!

That's why we feel it makes sense to approach us here at Shire Direct, as we have the skills, the experience, and the approach, together with a wide variety of mortgaging products to assist with a wide variety of different situations and circumstances. The first thing we'll do is make sure we understand your financial situation. Naturally we'll provide honest advice and a recommendation geared to your specific needs.

Advice and service always come first at Shire Direct! So, why not Contact Us, and have a chat with one of our mortgage experts about the possibility of mortgaging, of course without any obligation. We are confident that you'll find our service to be friendly, yet professional, helpful and caring.

Naturally, we'd love to help in any way we can, so for further advice or information, please don't hesitate to call us on Freephone 08000 282 281, our lines are open until 10.00pm (including Saturdays and Sundays) and the call is FREE, or alternatively enquire online at any time, and we'll be happy to provide you with a rapid in-principle decision.

Further Mortgaging information...

For further essential reading on mortgages and the mortgaging process, why not have a browse through our Mortgage Glossary. There are over 200 detailed and useful mortgage and property related articles. You might find the following pages particularly useful...

Well, we hope we've been able to shed a little light on the basics of mortgaging for you and provided information as to how we can help you. Remember our website contains a wealth of mortgaging information, so why not take a few moments out to explore the possibilities, and don't forget we're only ever a couple of mouse clicks or a free telephone call away and would be delighted to hear from you!

Enquire Online now, or call us today 08000 282 281 - our freephone lines are open 8am-10pm everyday! We'd love to hear from you!

The overall cost for comparison is 9.8% APR.
The actual rate available will depend upon your circumstances. Ask for a personalised illustration. APR variable and based on a usual case. Most customers are likely to receive a lower rate or the same rate as our overall cost for comparison rate - learn more about APR.

There are no upfront broker fees.
However, a fee may be charged on successful completion. An indication is that on conforming cases (straightforward applications with no or minimal adverse credit) a fee may be charged of up to 1% of the amount advanced, typically £795 and will depend on your circumstances.
For non-conforming cases (where case research and processing may be more complex due to adverse credit or unusual circumstances), a fee may be charged of up to 3% of the amount advanced, typically £1,995.

THINK CAREFULLY BEFORE
SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED
IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Adding existing debt to your mortgage will increase the repayment term and overall cost.

Shire Direct and Shire Direct Mortgages are trading styles of Shire Processing Centre Limited which is
Authorised and regulated by the Financial Services Authority in respect of regulated mortgage products and general insurances.
Registered No: 302389. Commercial funding and Secured Loans are not regulated by the FSA.
Licensed Credit Brokers. Consumer Credit Licence Number: 349999.

Shire Processing Centre Limited is registered under the provisions of the Data Protection Act by the Information Commissioners Office: Registration No: Z6795249. Registered in England & Wales. Company number: 2732202. Telephone calls may be recorded for training, monitoring and security purposes. All applicants must be aged 18-years or over.