Mortgages are one of the largest single purchases in most people’s lives, with banks, building societies, and smaller niche lenders competing for your business. At Compass we’re here to take the stress out of finding a mortgage and we’ll help you every step of the way.
Residential mortgages are loans secured on the home where you or your family live. It is important to review your residential mortgage regularly to ensure that your current deal still meets your needs. Whether you’re buying your first home, upsizing, downsizing, or simply looking for a better deal, we offer impartial advice to help you to secure the right mortgage for your circumstances.
If you’re looking to purchase an investment property with the intention of letting it out, a buy-to-let mortgage could help you finance your purchase. With many different product features available and varying eligibility criteria, seeking independent advice can ensure you get the right product at the right price to maximise your return.
Financing a commercial purchase is very different to taking a residential or buy-to-let mortgage. This is because most providers have very little published lending policy and view each application on its business merits. At Compass we can help you to present your application in the best possible light, and discuss your proposition with providers across the market to find the best lender for your individual business needs.
How can Compass help me choose the right mortgage?
You can ask us to explain any of the above mortgages in more detail, or ask for an illustration. We will work with you to find the most suitable mortgage for you and your circumstances. Speak to Alice, our mortgage specialist, who will be happy to get the ball rolling.
How much will the advice cost?
Our fee is up to 1% of the loan amount, subject to a minimum of £750. This includes a non-refundable administration fee of £375 payable upon submitting your mortgage application. The balance is due on production of a mortgage offer and is for the advice and recommendation. Any procuration fees we receive from any lenders we recommend will be offset against our fee, keeping us completely impartial. The advice fee is non-refundable should you decide not to proceed with your application once the mortgage offer has been issued.
The Financial Conduct Authority does not regulate some forms of mortgages.
Your home may be repossessed if you do not keep up repayments on your mortgage.