Else Mortgages

Here at Else, we offer a fully fee free service.

Buying a house is a huge commitment, and we don't think fees should be a barrier to finding a product that you've fully weighed up against other deals available to you, so you're sure it best suits your needs.

At Else, we join you on your journey, searching for the best deals available for you and your circumstances, very often saving chundreds of pounds in the process. We firmly believe that everyone should have access to good quality mortgage advice.

Property is our passion, and with fee free support, you can spend more time making it yours; searching for your dream home whilst we take care of the mortgage application process ☺️

DM to start your journey with us, or 📞 call on 0115 901 7842

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Beautiful!

When the sun shines like this we all feel better, but did you know that mortgage anxiety is far from uncommon?

Overwhelmed about your first appointment and what your documents might reveal?

We're only interested in the things a lender will be, not to judge. So if you've had two takeaways a week since Christmas from the same high street restaurant, that's fine by us as long as they didn't take you over you're overdraft, and even then we'll explain why rather than point the finger!

A brokers role is to help you find a deal that works for you, around your complexities. We want to take the worry away, not add to it!

Don't put off an appointment because you're concerned we'll judge - let us take a look!

DM or call us on 0115 901 7842

If you're looking for the lowest interest rate deals, you'll be more attractive to a lender if you can put down a bigger deposit!

Loan to value can make a difference, and a bigger deposit typically opens up a wider pool of lenders as you are seen as a lesser risk.

Let's look at it through this example - if you have £100k to put down on a £400k property, not only will you have substantial equity as security, you'll need to borrow less overall compared with a borrower seeking a 95% mortgage on the same property.

The key part here is that this reassures lenders, and assuming the rest of your profile is positive, this greater sureity will be reflected in the rates available to you 🙌🏽

If you want to chat about which deals you qualify for, and how loan to value tiers might impact rates and repayments for you, DM or call to arrange a no fee, no obligation appointment on 0115 9017842

YOU'RE HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

"This is the second time I have used Else Mortgages, and once again, Wayne made the entire process of securing a mortgage completely stress-free.

He was always available at the end of the phone, which was perfect for my busy work schedule.

Wayne took the time to explain anything I was unsure about and ensured everything was handled efficiently and professionally.

I would highly recommend Wayne to anyone looking for a smooth and hassle-free experience when arranging a mortgage. Thank you, Wayne, for your outstanding support!"

🙌🏽

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Everyone wants their first appointment to go smoothly, and knowing what we might be looking at can help reduce the pressure!

It's helpful to know that a lender is interested in your affordability, and this starts with your income and extends to your spending, so it's likely we'll need to first consider and then evidence these kinds of documents:

✅️ ID and proof of address (recently dated utility bill)

✅️ 3/6 months worth of payslips for all borrowers. Your latest P60. 2/3 years of tax returns if self employed

✅️ 3/6 months worth of bank statements. You'll be asked to explain transactions. Regular reliance on an overdraft is less than ideal

✅️ Details of any outstanding debt, including amounts and repayments. We'll also need to know about any adverse credit (CCJs, defaults or missed payments. But don't panic, bad debt usually reduces options rather than be a full stop). Debt generally reduces your affordability and the amount a lender will offer

✅️ Evidence of your deposit and where this came from

✅️ Details of your current mortgage if you have one. Your latest mortgage statement is helpful here

Gathering and keeping on top of this evidence will smooth the mortgage journey for you! In reality its probably less than 30/40 mins work, and once tied up it will give us a clearer indication of your chances of mortgage approval!

DM for your appointment or call on 0115 9017842