We make mortgages simple. A broker compares deals from many lenders, explains your options clearly, and supports you every step of the way — hopefully saving you time and stress.
Brokers have access to a wide range of lenders and some exclusive deals you can’t get by going directly to a bank.
An Agreement in Principle is a mortgage lender’s indication of how much you could borrow based on basic information. It’s useful when you’re house-hunting but not a formal offer from a lender, which is subject to submitting a full mortgage application and underwriting.
This varies massively, typically 8–12 weeks from application to completion, depending on lender, valuation, and legal timescales. For a purchase, you may find yourselves in a length chain which can take longer.
For a remortgage, if you have a fixed rate deal it will depend when this fixed deal period ends.
Most lenders require at least 5–10% of the property value. Larger deposits can sometimes unlock better interest rates and more product options but it depends on each individual circumstances.
The percentage of your property’s value that you’re borrowing. For example, borrowing £180,000 on a £200,000 home = 90% LTV.
You may qualify for government schemes such as Shared Ownership, First Homes, or Lifetime ISA bonuses to boost your deposit.
Some new build developers also offer incentives when buying new build homes (subject to development/ builder).
Fixed rates stay the same for a set deal period, tracker rates move with the Bank of England base rate, and variable rates change at the lender’s discretion.
Commonly: proof of ID, address, income (payslips or accounts), bank statements, and details of existing credit commitments. After an initial mortgage call, based on your circumstances we can give you a better indication of the full documents that will be needed.
Yes. Most lenders require 2–3 years of accounts or tax returns to verify income, though some offer options with one year’s trading history.
Many lenders offer mortgages to foreign nationals, though the requirements vary. You may need proof of residency, income, and a UK bank account.
Most lenders allow overpayments (typically up to 10% per year) without penalty. Check your product’s terms to avoid early repayment charges (ERCs).
Remortgaging means switching your mortgage to a new deal, either with your current lender or a new one. Usually when your fixed term is ending or if you can secure a better interest rate elsewhere.
Designed for landlords, a buy-to-let mortgage is based primarily on expected rental income and usually requires a larger deposit (typically 25%+). This can be applied for in personal name, or through a limited company.
Stamp Duty Land Tax (SDLT) applies to property purchases above certain thresholds in England and Northern Ireland. First-time buyers may qualify for relief on properties up to a certain value.
Conveyancing is the legal process of transferring property ownership. Your solicitor or licensed conveyancer handles this.
Can’t find the answer you’re looking for?
No problem, we are here to help. Get in touch and we’ll be happy to answer your questions or talk through your mortgage options.
There may be a fee for arranging a mortgage and the precise amount will depend on your circumstances. This will typically be £300.
Your home or property may be repossessed if you do not keep up repayments on your mortgage. You may have to pay and Early Repayment Charge to your existing lender if you remortgage.
Not all Buy to Let mortgages are regulated by the Financial Conduct Authority.
As with all insurance policies, conditions and exclusions will apply.
Sarah Creek Mortgages is an Appointed representative of Stonebridge Mortgage Solutions Ltd which is authorised and regulated by the Financial Conduct Authority. Proprietor: Sarah Bradley. Registered office address: Quadrant House, 20 Broad Street Mall, Reading, RG1 7QE. Financial Conduct Authority reference number: 1001213.
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