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FIRST TIME BUYER

Mortgages for First-Time Buyers are no different to any other type of mortgages for house purchase, although a more detailed debate regarding systematic budgets and affordability is usually suitable to ensure that applicants are fully alert of all the ongoing costs related with home possession. Regular costs for household utilities, Council Tax, telephones and insurances need to be included in the monthly budget, together with general living costs such as food, housekeeping and essential travel. As there will always tend to be some ongoing additional things that will need paying for, an allowance for any unexpected costs should ideally be made. By going through all of your income and known regular commitments, our Advisers will then be able to work with you to estimate what is needed for some of the household related costs in order to establish a realistic budget for your mortgage. Applicants who have previously been renting will have some experience of regular household commitments which will form a basis for the budget discussions.


 

RE-MORTGAGE

Popular choice amongst customers, re-mortgaging is, put simply, paying off an existing mortgage on a property by obtaining a new one. Re-mortgaging a property can improve buyer’s situations financially, either raising initial capital in a swift manner allowing one to consolidate shorter term debts, paying off a mortgage earlier than anticipated and thus reaping the rewards or reducing the size of repayments on an existing mortgage.


 

HELP TO BUY

Help to Buy mortgages incorporated four separate schemes when they were announced in the 2013 budget, intended by the government to help first-time buyers and home movers to be able to afford to buy new homes in the current economic climate and housing market. The four initiatives that made up Help to Buy were equity loans, shared ownership, New Buy and the mortgage guarantee.


 

SECOND CHARGE MORTGAGE

A second charge mortgage is a second mortgage on the property you already own. It is a convenient, easy, and fast way of raising funds when you need them the most. Thousands of homeowners and businesses across the UK use second mortgages to address emergency cash requirements. As the name suggests, a second charge mortgage can claim the second charge on the property, while the original mortgage claims the first charge. It’s important to know and understand that second charge mortgages, just like all other property mortgages, are secured against the property.
Hence, if you are taking a second mortgage on your home, the lender can repossess your home if you fail to repay the mortgage on time.


 

DEVELOPMENT FINANCE

Property development, when done right, can yield great profits. An experienced developer has an eye for spotting properties with enormous potential. However, many development projects stay on shelved for the want of funding. Much the reason why, the importance of going an extra mile to secure development finance that works for your project cannot be over-emphasized.


 

CONTRACTOR MORTGAGE

Property development, when done right, can yield great profits. An experienced developer has an eye for spotting properties when enormous potential. However, many development projects stay on shelved for the want of funding. Much the reason why, the importance of going an extra mile to secure development finance that works for your project cannot be overemphasized.


 

BAD CREDIT MORTGAGE

If you’re wondering how to get a mortgage with bad credit, you probably already know that it’s not exactly an easy task. Lenders tend to turn poor credit mortgage applications down as a matter of policy, leaving applicants with no feasible credit options. No credit means that your commercial/investment ventures become hamstrung, making it almost impossible to break out of the rut. This is exactly why adverse credit mortgages are important. They give you a fair shot at setting things right. Poor credit is usually an outcome of a combination of events. The most common among these are CCJs, IVAs, DMPs, bankruptcy proceedings, liquidation proceedings, repossessions and defaults. At Cognis Capital Partners, we have curated a pool of lenders who specialize in assessing the merits of such cases, improving your chance of getting approved for an adverse credit mortgage.