"Explained things in concise clear language. Easy manner - no pressure - created environment to make a decision."
Mr & Mrs M.,
Leeds, West Yorkshire
Thinking about buying a home and need a Mortgage? If so, Shire Direct may well be able to help you with a tailor made mortgage solution, designed specifically to suit you, your circumstances, your requirements and your aspirations!
Below we take a closer look at how we can help if you are looking at buying a home and need a mortgage, even if you have suffered from credit difficulties such as CCJs, Credit Defaults, Arrears, and Bankruptcy. We also offer further help and information on finding the right property when it comes to buying a home as well as detailed information on the mortgage process.
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Here at Shire Direct, we recognise that buying a home can be both an exciting experience, but at the same time can also be quite a daunting and even stressful prospect!
That's why as part of our service we'll help you to understand the process of buying a home, and help guide you through the mortgage process and in doing so will ensure that the process of buying a home goes as smoothly and stress free as possible!
We'll provide you with advice and a recommendation on a suitable mortgage product drawn from our extensive portfolio of lenders and plans and as specialist mortgage brokers, Shire Direct have a range of mortgage schemes and plans available to help with most circumstances and requirements when it comes to mortgage funding for buying a home.
We can usually assist even if you have suffered from credit difficulties such as County Court Judgements or Credit Defaults. Some of the many situations and difficulties we can usually assist with include:
We are of the firm belief that you'll find our service to be friendly yet professional, helpful and accommodating. We're not judgemental, and we look for reasons to accept your business and provide you with an appropriate and suitable mortgage solution.
Arranging the right mortgage is crucial when you are buying a home, afterall a mortgage will probably be the largest financial transaction you are ever likely to be involved in!
In a nutshell Shire Direct have the approach, the skills, the experience and the 'know how' to find just the right mortgage solution for you, so if you're considering buying a home and need a mortgage why not give us a call today!
So, thats a look at how we can help if you are looking at buying a home, but what are the steps involved in buying a home? Well, let's take a brief look at the various different milestones and steps to buying a home, with links to more detailed information...
The first step and milestone when it comes to buying a home is finding out how much you can afford to borrow, and it's vital you don't borrow more than you can afford to repay!
So, why not give one of professionally qualified Mortgage Advisors a call on Freephone 08000 282 281. We'll assess your circumstances and requirements and arrange for an in-principle agreement from a Mortgage Lender as to how much you can afford to borrow, based on the information you provide to us. For further reading take a look at our Mortgage Glossary articles on Mortgage Affordability and Income Multipliers.
This is one of the best bits of buying a home! Searching for a property to call your home can be great fun, although it can take a long time to find the home that's right for you! However, it's usually worth putting the time and effort in to find the right place in the right location, bearing in mind you may be living there for years to come!
There are lots of other factors that need to be taken into consideration other than your requirements for the property itself. For instance, you might need to take into account the proximity of your work place, local schools, public transport facilities, and local amenities such as shops.
So, you've found your dream home and it's time to make the seller an offer. You will need to contact the seller's Estate Agent and let them know how much you are prepared to pay. Your offer does not necessarily have to match the seller's asking price, particularly if the property has essential repairs which need to be carried out!
The seller's Estate Agent will notify the seller of your offer. If your first offer is not accepted by the seller, then it's not necessarily 'game over'! Simply put in an increased offer, assuming you are prepared to and can afford to do so, and repeat if necessary - there is no limit to the number of times you may make an offer!
When your offer is accepted by the seller, talk to us here at Shire Direct about arranging a tailor made mortgage solution designed to suit you, your needs, your requirements, your circumstances and your aspirations.
We'll also discuss arranging your mortgage repayments, as well as appropriate payment protection. We will usually help you to complete all the necessary forms to make application for the purchase of your home.
For your legal protection, as well as for the protection of the Mortgage Lender, you will need a Solicitor to act on your behalf. Shire Direct can choose and appoint a specialist Mortgage Solicitor as part of our service if you so choose.
We'll guide you through the different levels of Property Valuations / Surveys such as the Basic Valuation, the Home Buyers Report, and the Building Survey. We feel it is often a good idea to have an independent survey carried out on your potential new home to ascertain if there are any potential problems to the property's structure and identify any essential repairs that need to be carried out.
Why not take a look at our Property Valuation types article in our Mortgage Glossary for further reading and information.
This is the next major milestone when it comes to buying a home. The Mortgage Lender will usually make an offer of Mortgage once they have completed all their necessary checks and the property has been valued.
For your protection, it is the duty of the Mortgage Solicitor arranged in Step 5 to carry out HM Land Registry Searches and other local land searches, such as a Coal Mining Search.
Almost there! Exchange of Contracts is agreed between your Solicitor, and the Solicitor acting on behalf of the seller. This is a crucial stage as once you have Exchanged Contracts, you are legally committed to go ahead with the purchase!
The finishing line is in sight! At this stage your solicitor will request the mortgage funds from the mortgage lender to complete the purchase.
And finally, after all the hard work of unpacking your boxes, arranging your furniture and getting the television plugged in, you can finally relax, put the kettle on and have a well-deserved cup of tea!
We hope you found the above information to be helpful!
You'll find much more Mortgage related information and details on buying a home throughout our website. For further essential reading we recommend taking a look at Mortgage Glossary and our Essential Guide to Mortgages
So, if you are thinking about buying a home and need a Mortgage, please don't hesitate to contact Shire Direct. You can enquire online at any time, it's quick and easy to submit your enquiry, you are under no obligation - and we'll be happy to provide you with an in-principle decision. You can also call us on Freephone 08000 282 281, 7-days a week from 8am until 10pm. Our professionally qualified mortgage advisors will be delighted to talk to you and help in any way we can!
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!
Problems finding your way around the mortgage maze? It's understandable with jargon such as...
To make life easier we've produced probably the best Mortgage Glossary ever! With over 200 detailed definitions, explanations, and step-by-step guides covering all aspects of mortgages, remortgages, loans and property related terms, as well as solutions as to how we can help!
Why not take a look! We think you'll find it useful!
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.
