Why choose LIFT-Mortgages?
Arranging a mortgage isn’t just about ticking boxes. Many of the clients we help have second homes, buy-to-let properties, above average loan values and bonus income which can all make an application more complex. We deal with situations like these daily, so we can find and arrange a deal that suits you. We help you through the process from pre-application right through to having the keys in your hand.
Our team and service are designed to make the whole process as painless as possible
We know that sourcing the best mortgage deal can be stressful, so we’ve built a team and designed a service to make the whole process as painless as possible. Our aim is to give you an unrivalled service and our client feedback tells us we’re doing that. We have a stream of happy clients – all impressed with the expertise, service and support they’ve received.
1We’re ‘whole of market’ with access to many lenders.
2Our team will support you throughout the process.
3We do the hard work by sourcing the right mortgage to match your budget.
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FAQs
A mortgage broker is a financial professional who acts as an intermediary between borrowers (individuals or businesses seeking a mortgage loan) and mortgage lenders (banks, credit unions, or other financial institutions). Their primary role is to help borrowers find suitable mortgage loans that meet their specific needs and financial circumstances. They will let you know your mortgage loan options, help you with the loan application and process, be able to negotiate on your behalf and they are on hand along the way with any questions and concerns you may have.
At LIFT-Mortgages our brokers are independent, which means they can source the best product for you from the whole of the mortgage market. They have access to the main mortgage lenders, receive special rates from lenders and recommend the best lender for your needs. Using a broker provides you with the knowledge you need, saves you time and can save you money. LIFT-Mortgages is award-winning, which shows our team go above and beyond and our industry leaders.
LIFT-Mortgages is an appointed representative of LIFT-Financial. LIFT-Financial is authorised and regulated by the Financial Conduct Authority (FCA). Our permitted business is advising on and arranging pensions, savings and investment products, non-investment insurance contracts and mortgages. Our team are highly qualified and have completed all of the qualifications to be appointed as Mortgage Brokers. They also have further qualifications to be able to help with more specialist lending and complicated applications.
The way we are paid for our services depends on the type of mortgage advice given. Our charges consist of an upfront fee and a completion fee. Any fees will be agreed upon with you before we submit your mortgage application. We will also let you know if any fees are subject to VAT. There are no ‘upfront fees’ for residential mortgages (standard), buy-to-let mortgages (standard), second-charge mortgages. We levy a £295 fee for buy-to-let mortgages (non-standard); this includes Portfolio landlords, Ltd Co applications and Ex-pat applications. We also levy a £295 fee for residential (non-standard); this includes Expat / foreign currency and Complex credit. We levy a £495 fee for Bridging and Development Finance. Our minimum completion fee is £750; although we will offset any commission, we receive against this. Typically, if you are borrowing over £230,000, there will be no completion fee payable as the commission from the mortgage lender we receive will be more than our minimum fee. If you borrow under £230,000, there may be a fee payable depending on how much commission we receive from the mortgage lender. For example, if we receive a £600 commission from the lender, you will have to pay us the difference of £150 direct, i.e., £750 minimum fee less £600 commission = £150.
Initial meetings allow you to have a chat with one of our Mortgage Brokers to discuss any questions you may have regarding your mortgage options. These meetings are held at our expense and can help you decide whether you wish to use our services. You can book a free consultation here: www.lift-financial.com/contact-us/
This depends on both your income and your outgoings. Lenders look at the costs of your commitments; such as but not limited to, credit cards, loans, school fees and child care costs. Once a lender has deducted your annualised outgoings from your income, you are left with a “true income” figure. Typically it’s about five times your true annual income figure.
Different lenders require different amounts. The minimum in the market currently for a first-time buyer mortgage is 0% of the purchase price, however, this type of mortgage comes with a lot of terms and conditions. Each additional 5% you can put down against the property will help reduce the interest rate to borrow the money.
You will need money set aside to cover legal work, the survey and stamp duty*. You should also keep back an amount of cash readily available to cover everyday emergencies when you move in. *First-time buyers only pay stamp duty on properties over £300,000.
Our dedicated administration team will provide you with all the paperwork that needs to be completed in order to get you moved into your new property as quickly as possible. Lenders require a lot of different information so a top tip is to have bank statements ready. Proof of address will also be needed and joining the electoral roll at your current address has an impact on your credit score. After having an offer accepted on a property and applying for a mortgage, it can typically take from two to six weeks to get a mortgage approved. Most mortgage offers are then valid for six months. Everyone’s process differs, but our team will be there to make the process as stress-free and as time efficient as possible.
Our clients are very important to us, and we value their feedback as it helps us continue to grow and offer the best service we can as a team. We often ask our clients to leave us a review on Google, check out our page to read them all.
We may terminate this agreement by giving you at least 30 business days’ written notice. You may terminate this agreement at any time, without penalty. Notice of termination must be given in writing and will take effect from the date of receipt. Any transactions initiated will be completed according to this agreement unless otherwise agreed in writing. You will be liable to pay for any services we have provided before cancellation and any outstanding fees, if applicable.
If you are unhappy with our advice or any aspect of our services, we encourage you to contact us as soon as possible. We’ll do our best to resolve your concerns. You can contact us by telephone: 0161 929 2626, email: compliance@lift-financial.com or in writing: Compliance Department, LIFT-Mortgages, Century House, Altrincham, Cheshire, WA14 1RR. We have a complaints procedure, and we can provide further details on request. If you do have a complaint, and you are not happy with our response, the Financial Ombudsman Service (FOS) may be able to help. The FOS settles disputes between financial services business and their clients. Full details are available at www.financial-ombudsman.org.uk
You can contact StepChange who are the UK’s leading charity to get expert debt advice and fee-free debt management to help you tackle your debts: https://www.stepchange.org/