RESIDENTIAL MORTGAGES
The UK residential mortgage market has grown to the point where there are now over 3000 individual product choices. These all vary depending on the size of an applicant’s deposit, the term (borrowing period) of the mortgage and the applicant’s age and financial status.In addition to this wide range of product choices, there are a variety of interest payment vehicles (perhaps fixed, capped, discount, etc) as well as capital and repayment methods. The result for the applicant is a large and confusing set of options.
Trafalgar Square works with a client to understand financial goals, identifying long and short-term needs, with costs and their rate and repayment requirements. With this information a realistic set of options can be discussed, pinpointing an ideal lender and mortgage solution.
Residential Mortgages are regulated by the Financial Services Authority (FSA) and as such Trafalgar Square are obliged to make each client aware of all the FSA’s mandatory information. The company is also required by the FSA to produce full illustrations of each client’s financial status.
BUY-TO-LET MORTGAGES
The middle ground between the residential mortgage market and commercial finance is predominantly occupied by the buy-to-let sector. This niche market is continually growing in complexity as it matures, expands and progressively gains recognition.
As a result the buy-to-let market is steadily evolving and becoming more sophisticated, with lenders implementing changes all the time; this gives landlords increased options on loan to value and refurbishment funding.
Trafalgar Square ensures that a client’s investment strategy fits their needs by matching it to the appropriate products and lenders. By working with a client to understand business goals, the company provides valuable advice and support that enhances portfolio development and long-term plans.
Income or capital growth requirements will, by definition, involve differing application approaches to lenders. Trafalgar Square is familiar with vendor financing, gifted deposits, ghosted deposits and cash-backs.
