How to Get Personal Mortgage in UK

Whether you’re stepping up, moving on or staying put, when it comes to finding competitive rates and a mortgage deal that’s right for you, TSB is here to help.

At Acumen Mortgages, we’re not interested in getting you any old mortgage, we’re focused on getting you the right mortgage. We know that there is no ‘one size fits all’, and everyone has different needs. This is why we’re not happy until we’ve found the perfect deal for you, and we’re committed to helping you with getting a mortgage every step of the way.

  • Your mortgage, your way. We work around your life to make it convenient for you
  • We search the whole market, to find you the right deal
  • As your life changes, our advice changes. We look at the whole picture

Any builder, anywhere in the country

We’re the new build experts, so we already have a head start on other mortgage advisers, making the whole process of getting a mortgage stress-free and simple.

We’re old hats when it comes to new build homes

New build mortgages are notorious for being complex. We have over 25 years of experience dealing with the big names in property development. We are trusted by them to get their customers’ mortgages sorted. Our expert method means that you can acquire your new build mortgage as quickly as possible. We work with you, alongside builders and solicitors, to smooth out the house buying process making it easy and enjoyable.

Building serious relationships with developers

We’ve spent time getting to know how builders work, and they know how we work. Our strong relationship helps you bypass all the pleasantries and get straight to the point. This means no delays in buying your new build, as everyone is speaking the same language. The bonus? A quicker, smoother process for you. It’s a win, win!

  • Access to Exclusive New Build Rates
  • Long standing relationships with the UK’s top Builders
  • Quick AIP qualification 7 days a week

We make mortgages personal

We build relationships that last. Acumen guarantees the best mortgage advice, services, and experience from builders, lenders, and solicitors. We’re an independent company too, so you know you will always be offered the best deal for your unique house buying circumstances.

Is Help to Buy right for me?

The government’s Help to Buy scheme helps first-time buyers purchasing a new home get on the property ladder. We can chat about whether this is the right option for you, and if you decide it is, we’ll sort all the paperwork for you. We also help you pay off the Help to Buy loan after 5 years as we are experienced in HTB consolidation mortgages. If you are a first-time buyer you can click the link to find out more information.

Mortgages without the jargon

Buying a home should be exciting not testing! We support you the whole way. Only contacting you when you need to be contacted and using your preferred method (WhatsApp, Facetime, email…). Meaning you have all the information to make the right decision for you without being concerned about the stuff you don’t need to worry about.

We’ll get your investment growing

Buy to let? Let us help. It doesn’t matter if you’ve got a property portfolio or doing it for the first time. We can help you find the best deals for you from the whole market.

We’ll help you see into the future

Once you’re happily living life it can be easy to forget when your deal is due for renewal. We will diary to contact you, with your permission of course! We’re here for you when you need to find the best deal on the market. Or we could help you take some money out of your home if you need that too!

Make your older years golden

Releasing equity from your house can be a big decision, but we’re here for you all the way, ensuring that everyone is on the same page. We’ll make the process seamless whilst delivering easy to understand information for everyone involved.

Access To The Largest Panel Of Mortgage Lenders For Expats Buying UK Property

Few other introducers have been through the “learning curve” regarding the introduction of mortgages for expatriates. Furthermore you will receive a tailored, personal service based on over 70 years combined experience in the mortgage market.

The adviser appointed to you will be fully regulated and accredited to provide the advice that is correct. They will utilise the latest technology to research all available products before making a final recommendation.

This ensures that you not only have the right kind of mortgage for your circumstances but also a mortgage at the best rates from the best lender for your situation.

Mortgages For Expats Worldwide Buying UK Property.

expat mortgages map

Expat-Mortgages are specialist introducers for mortgages that are aimed specifically at the Expatriate market, working overseas or with income from abroad. Whether you are purchasing a UK property for your own future residential use, buy to let or maybe to be used as the family home whilst you work away.  Expat Mortgages make it possible to source a mortgage product to meet your needs for UK property.

Alternatively, if you are building a portfolio of properties in the UK for investment purposes we can introduce you to mortgages from an Expat Buy to Let range on a personal basis, or you may wish to consider borrowing within a limited company structure incorporated in the UK.

We have access to lenders that consider finance applications from British and non-British passport holders based overseas on either a personal or corporate basis.

What things do I need to consider to be in the best position to get onto the property ladder?

Here are the 5 key things that we would consider being key to obtaining your first mortgage:

  1. Save as hard as you can to build as big a deposit as you can, and discuss if your family will be helping you with the deposit
  2. Get your finances in order – if you have any debt like credit cards, loans or overdrafts aim to pay these down as much as possible, consider what you are purchasing and how this can be viewed by an underwriter reviewing your bank statements e.g. online gambling
  3. If you are still living at home, consider how you spend or save your money. Too often we come across people looking to purchase their first home and everything looks great only to then find out that they have a car on finance and are paying £400/month for this. Not an issue when you are living at home, but a big impact on the amount you can borrow when trying to buy a house.
  4. Review your credit file – make sure that there is nothing there that shouldn’t be, ensure that your addresses are all correct etc.
  5. Speak to a good local mortgage broker before looking at properties as they will help you understand what you can afford, help manage your expectations, and obtain a Decision In Principle for you to start actively pursuing properties.

Why should a mortgage broker be your first point of call prior to looking at properties?

A good mortgage broker will be able to first assess your current financial position and confirm how well placed you are to obtain a mortgage and also what you can afford.

They will also be able to confirm what lenders there are in the market who are able to help, and they will also be able to confidently talk you through the entire buying process from viewing properties all the way through to completion.

They will also be able to advise on other potential costs and who else you should be engaging with to purchase your first property, and they will be able to cover off all the other important areas of consideration like suitable and relevant insurances.

How to apply for a mortgage

If you’re thinking about buying a home, applying for the mortgage can seem like a daunting task. You will need to provide lots of information and fill in loads of forms, but being prepared will help the process move as smoothly as possible. 

How do lenders check I can afford a mortgage?

Lenders will work out your household income – including your basic salary and any other income you receive from a second job, freelancing, benefits, commission or bonuses.

Checking affordability is a much more detailed process. Lenders take all your regular household bills and spending into account, along with any debts such as loans and credit cards, to make sure you have enough left to cover the monthly mortgage repayments

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Mortgage Affordability Calculator
Use the Mortgage Affordability Calculator to get an idea of what payments you can afford.

Mortgage affordability calculator

When it comes to mortgages, you want to find that balancing act of borrowing enough for your home, but not too much that the repayments become a problem. And that’s where our mortgage affordability calculator comes in. 

How much can you afford to borrow for a mortgage?

Just tell us how much you earn and what your monthly outgoings are, and we’ll help you estimate how much you can afford to borrow for a mortgage.

 

When you get your results you can change the repayment period or interest rate to make it more closely match any mortgages you’re thinking of getting. And we’ll tell you how much money you’ll have left over each month. 

They also have to ‘stress test’ whether you could still afford the mortgage repayments if interest rates were to rise, or if you were to retire, go on maternity leave or have a child.

In addition, they’ll make a credit check with a credit reference agency once you make a formal application to take a look at your financial history and assess how much of a risk lending to you might be.

How to prepare for your application

Before applying for a mortgage, contact the three main credit reference agencies and look at your credit reports. Make sure there is no incorrect information about you. You can do this online either through a paid subscription service or one of the free online services currently available.

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