First Sterling Finance offers a range of mortgage products and we pride ourselves on going the extra mile to find the RIGHT package for our clients.
Buying your own home will probably be the single biggest financial transaction you ever make. It should be an exciting experience but unfortunately, at times it can also be worrying. Our aim is to introduce homebuyers to independent advice on mortgages. With such a large number of mortgages available, it is important to obtain independent advice from a qualified adviser who will work for you, not for any one lender.
First Sterling Finance specialise in poor credit/adverse mortgages and can assist regardless of your credit history and even if you have been refused credit else where.
FIRST TIME BUYERS
First Sterling Finance sorts through the thousands of different mortgage deals to find the best value offer and the right mortgage type for you. Our impartial, independent service guarantees to source the best mortgage type
There are many different mortgage types available, each offering slightly different benefits. There are also various ways in which you can repay your mortgage once you have agreed which type you want.
Please call us today to speak to one of our qualified advisors to get impartial advice about what type of mortgage will best suit your needs.
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Buy-To-Let
A buy to let mortgage is when you purchase a second property with the intention of letting it out to tenants. Many people want to increase the size of their property portfolio to take advantage of rising house prices and rental rates. It is important to make sure you invest in the right kind of property and secure the best mortgage available. With thousands of mortgages offered through over a hundred UK lenders, First Sterling Finance can find the right deal for you.
Buy to let mortgages can be a very good way of making money, but it’s important to find the right deal for your needs. First Sterling Finance searches the whole of the UK market to find the best buy to let mortgage.
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Debt Consolidation Mortgages
Consolidate your debts into one manageable monthly sum with a debt consolidation mortgage
With a whole of market choice, First Sterling Finance can find the very best debt consolidation mortgage deals for you from over a hundred UK lenders.
Debt consolidation mortgages allow you to reduce your monthly outgoings by consolidating all your debts (credit cards, loans, store cards etc) into one single payment. Because a secured loan such as a mortgage usually offers lower interest rates than credit cards and unsecured loans, you can often save money by consolidating. Even if you have a bad credit history (including CCJs, arrears, bankruptcy or defaults) First Sterling Finance can help arrange a low APR deal for you.
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Poor Credit/Adverse Mortgages
Even of you have a poor or bad credit history, First Sterling Finance can find a deal to suit you. Whether you have CCJs, bankruptcy, arrears or defaults, bad credit mortgages are available with dozens of lenders throughout the UK. We can help you to get the very best rates possible.
Most lenders take into account evidence of a poor credit history. This means that some will not be prepared to offer you a mortgage if you have a bad credit record. However, many specialist lenders will consider lending to you, even if you have examples of arrears, defaults or even bankruptcy in your past. You may have to pay a slightly higher rate than someone with good credit history, as the lender will see it as a larger risk to lend the money. With First Sterling Finance you can find the best possible deal and minimise the penalty for bad credit history.
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Self Certification
Self certified mortgages are increasingly popular with a broad range of borrowers, particularly the self-employed and those with non-traditional means of income. First Sterling Finance searches the whole of the UK market to find the self certified mortgage deal.
With many more people now self-employed, contracting or drawing an income from several different sources. A self certified mortgage is tailor made for people who are unable or unwilling to prove their income. It’s a popular choice for all kinds of borrowers, including freelancers, unsalaried company directors, part-time employees and even people with bad credit history. All you have to do is sign a declaration agreeing that you can afford the loan repayments.
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125 Percent Mortgages
125 percent mortgages allow you to borrow up to 125 percent of the value of your property. It’s a popular deal with first time buyers, people looking to consolidate debts or anyone purchasing a house in need of repairs or renovation. There are plenty of fixed or variable rate 125 percent mortgage lenders in the UK and First Sterling Finance can search the whole of the market for you.
125% mortgages allow you to borrow 25% on top of the value of your property. It’s a very useful arrangement for first time buyers, who can purchase a house without a deposit and use the extra money to pay associated costs (moving fees, decorating, stamp duty etc). Because the loan money can be used for any reasonable purpose, it’s also an increasingly popular as a way to consolidate debts from other unsecured loans and credit cards.
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100 Percent Mortgages
If you’re unable to afford - or prefer not to pay - a deposit, then a 100% mortgage may be the best choice for you. Particularly popular with first time buyers, 100% mortgages are available with dozens of companies throughout the UK. First Mortgage has a whole of market choice, sourcing the best deal from thousands of 100% mortgage offers.
100% mortgages allow you to arrange a mortgage deal without paying a deposit (usually around 5-15% of the property value). With house prices continuing to rise, this is a very useful arrangement for people looking to get a foot on the property ladder.
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Student mortgages
It’s becoming increasingly popular for students to arrange a mortgage while at university, rather than pay high rental fees. Available with dozens of companies across the UK, finding the right student mortgage can be confusing. However, First Sterling Finance can source the very best deal.
Student mortgages are offered if a guarantor is available - usually parents or legal guardians. With high rental prices and a relatively stable housing market, students and parents alike are starting to see this as a logical way to pay for accommodation, but have property to show for it at the end of the course. It’s possible to find student mortgages up to 90% of the value of the property.
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RE -MORTGAGES
If you are amongst the majority of homeowners who pay the standard variable interest rate to the same mortgage lender year after year, then you are probably spending a lot more than you need - to buy your home. Prudent homeowners will pay regular attention to the rate they are paying in comparison to the rate that they could be paying.
The UK mortgage market has become very competitive in recent times, with many lenders offering low rate deals to attract customers, like you, away from competing lenders. This is great news It is possible to save many thousands of pounds over the term of your mortgage, simply by ensuring that you remain on the most appropriate deal to meet your needs at all times. Homebuyers that do not manage their mortgage, will usually move on to their lenders Standard Variable Rate which is often some 2% (or more) higher than best buy rates that are available at that time.
Please contact First Sterling today to find out how much you could save by moving your mortgage.
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Offshore Mortgages
First Sterling Finance can offer a range of mortgages if you are considering purchasing a property abroad.
Buying abroad can sometimes be confusing and raising the finance to do so can add to this stress. Therefore contacting us will make this experience a stress free way of purchasing that dream home abroad. We offer a range of different packages tailored to your specific needs.
Changes in the exchange rate may increase the Sterling equivalent of your debt.
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Think carefully before securing other debts against your home. Your home maybe repossessed if you do not keep repayments on your mortgage. The overall cost for comparison is 7.9% APR. The actual rate available will depend upon your circumstances. Ask for a personalized illustration. Our charges are usually £295.
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