First Time Buyer
So, you’re looking to move out and get a First Time Buyer mortgage?
You’ve decide to fly the nest – or you’re prepared to put up with your partners snoring and their untidiness. Good stuff, whatever way.
Once you’ve decided this, you then need to think about mortgages. How much can you afford to borrow, which mortgage types should you consider, what’s your medium/long term life-plan and what provider is right? These are all questions you need to answer.
Trying to do this yourself can be tedious and you may find yourself banging your head against the wall knowing what option is best for you. Our professional and friendly advisers are on hand to help get you into your dream home. Call, Whatsapp, Zoom or email us and let’s start your journey together.
At Beneco Financial Services we can support you in obtaining an Islamic mortgage that is compliant with Sharia Law. These mortgages are not the same as traditional mortgages because they don’t involve paying interest. We’re one of a limited number of companies who has the permission from The Financial Conduct Authority to arrange Sharia Compliant Mortgages
For Customers with bad credit
It’s often possible to obtain a mortgage with a bad credit history, although the options available to you may be limited or not with the lender of your choosing. At Beneco Financial Services we have the experience of what lenders are looking for and what they will consider.
Self Employed & Sole Traders
Accounts for 2 years is preferred, but, If you have less than 2 years it could still be possible to obtain a mortgage. Most mortgage lenders will average your income but there are some lenders who consider your latest year figures. Also, there are lenders who could consider using your retained profit, salary and dividends, if you’re a Ltd company director and take a low salary and dividends but have a high retained profit.