"Friendly, helpful, put us at our ease, really easy to talk to"
Mr & Mrs C., Tipton, West Midlands
There are all sorts of definitions as to what the status of a tenant is, but for our purposes, we will use the term for a person who rents a property or lives with parents, friends or family - in other words, someone who is not a homeowner or a mortgage payer.
Below we take a look at our help and options available for those Tenants looking to get on the property ladder and how we can help!
Table of Contents:
In the context of this article, a Tenant is a person who is not a homeowner or a mortgage payer. Someone who rents their home or lives with their parents, family or friends could be classed as a tenant.
'I've heard the terms Joint Tenancy and Tenants in Common before, could you explain what these mean?'.
The terms Joint tenancy, and Tenants in Common refer to the way in which homeownership has been created. For further information on the implications of these statuses you may find the Mortgage Glossary articles for Joint Tenants, Tenants in Common, and Joint Tenancy vs Tenants in Common particularly useful!
Yes, no problem!
There has long since been a series of arguments for tenants renting property to consider buying their home, and the principal reasons for this are as follows:
There are special circumstances when buying can be an even better proposition:
Of course, not all tenants will be in a position to purchase, possibly because of employment status or income status, or because of a poor financial track record.
Nevertheless, as specialist mortgage brokers, we do have a range of schemes to help, even in the trickiest of circumstances! So, do give us a call if you think you may have difficulties, as we can often arrange mortgage funding where others fail!
Shire Direct is authorised and regulated by the Financial Services Authority. We'll provide you with both advice and a recommendation on a mortgage product drawn from our extensive portfolio of lenders and schemes contained within our lender panels. The mortgage products we have available cover a wide variety of circumstances and possibilities so you can relax safe in the knowledge that the plan we advise and recommend upon will be geared to suit your requirements, needs, and aspirations - whatever your circumstances!
We're confident that you'll find our approach to be slick and pragmatic. We'll provide you with a rapid-in principle decision, and we work closely with the lender, solicitor and property valuer to ensure we achieve a suitable offer of mortgage as quickly as possible.
There's a tremendous range of mortgage products available in today's marketplace, and our lender panels provide our customers with a wealth of choices such as:
Our lender panels provide us with an extensive range of plans to accommodate most circumstances, including the following:
The quality of service and advice we offer here at Shire Direct is important to us because we know that your Mortgage is important to you! Afterall, your mortgage is usually the largest financial transaction you're ever likely to be involved with, so its absolutely crucial that we arrange the right mortgage to suit you right from the outset.
As such, the first thing we'll do is get to understand you, your circumstances, as well as your needs, requirements and aspirations in a bid to ensure the advice and mortgage product we recommend is tailor made to suit YOU!
Just contact Shire Direct for a rapid in-principle decision!
We are confident you will find us to be friendly, professional and helpful, and you can be sure of a warm welcome. We have the approach, the 'know-how' and the products to help even in the most difficult of circumstances, without being judgemental!
So why not either call us today on Freephone 08000 282 281 (lines open 8am until 10pm everyday, including weekends), or alternatively enquire online at any time! In either case, we'll provide you with a rapid no obligation in-principle decision. We'd love to hear from you and we'll be delighted to help in any way possible!
So, that's our look at Tenants and our mortgage help available for Tenants looking to get on the property ladder. We hope you found it useful. Don't forget we're only ever a free telephone call or couple of mouse clicks away!
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.
Are you worried and becoming stressed because you are having problems getting a mortgage or remortgage? Worry and stress no more! Here at Shire Direct we provide tailor made mortgage solutions to suit you, and can usually help with all kinds of circumstances including...
Remember, we're here to help, and would love to hear from you!
Over £2,000 worth of Argos Vouchers to be won in the Shire Direct Grand Prize Draw 2008! Terms and conditions apply - please read article for full details.
Claim £100 worth of Argos Vouchers upon completion of your transaction throughout 2008. Terms and conditions apply - see our Vouchers Special Offer page for full details.
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.
