Medifinance Mortgages

Buy To Let

Buy To Let Purchase

Investing in a Buy to Let property can be a sensible way to supplement your existing income and build future capital if the property value increases.

Getting a Buy to Let mortgage may seem like a minefield with all the industry changes over the past few years, however, at Medifinance Mortgages our team of experts have a deep understanding of this market and will be able to guide you through the process.

Read more

Special Schemes

Help to Buy Mortgage

The governments Help to Buy scheme enables you to purchase a new build property and receive a 5-year interest free loan of up to 40% in London (maximum loan £240,000) and 20% outside London (maximum loan £120,000). The scheme is designed to help people get on, or move up, the property ladder with a small deposit. It is also helping the government in its target to build more new homes.

Read more

Specific Needs

Locum Workers

Doing additional hours and shifts through locum work can be a great way to top up your income. Providing you can prove to the lender that the income is regular and sustainable it will be considered for a mortgage application. The lender is likely to take an average over the last few months or potentially even the last year, typically evidenced through a P60 or payslips.

Read more

Residential Services

Remortgage

It is important when you are nearing the end of a promotional deal that you look into options that will avoid you going on to a lenders Standard Variable Rate (SVR). A lenders SVR can be considerably higher than a market leading deal and can cost you a lot of money. There are occasions when it makes sense to stay on a SVR, for example if you are considering selling the property or if you have a very low variable rate but for most people it makes sense to consider other options.

Read more