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Frequently asked questions

A mortgage broker acts as an intermediary between you and potential lenders. Our role is to work on your behalf with to find mortgage lenders with competitive interest rates that fit your needs. We help you navigate through the process, offer advice, and handle the paperwork, making the process of obtaining a mortgage simpler and more efficient.
Yes, it’s possible. While a poor credit history can limit your options, we have experience in finding solutions for clients with various credit backgrounds. We’ll assess your situation and work to find a lender who can accommodate your circumstances.
Each broker can charge a fee that they feel is right for the work they do. According to Money Advice Service, the typical broker fee is around £500. Some brokers may charge more than this and some may charge differing fees depending on the type and complexity of the mortgage. Lynton Mortgages have chosen to not any fees for standard residential mortgages and only receive a commission from the lender.
Yes, being self-employed doesn’t disqualify you from getting a mortgage. We can help you prepare your application to showcase your income and affordability effectively to lenders.
Most mortgages allow early repayment, but this may come with fees or penalties. We can guide you on the best approach to early repayment, considering any potential costs.
When taking out a mortgage, it’s advisable to consider insurance to protect your home and your ability to pay the mortgage. This includes home insurance , as well as income protection critical illness insurance & life insurance. The aim of these insurance is to support you and your family in case of unforeseen circumstances. We can guide you through the different types of insurance to find a policy that suits your needs. We offer an advice and recommendation service for Insurances.
Generally, you’ll need to provide proof of income (such as payslips or tax returns), bank statements, identification documents, and details of your expenses and debts. We will provide you with a detailed checklist tailored to your specific situation to ensure a smooth application process.
The deposit amount varies depending on the lender and the type of mortgage. Typically, you’ll need at least 5-10% of the property’s value. However, the more you can provide, the better the mortgage terms you’re likely to receive.
The timeline can vary depending on the complexity of your situation and the lender’s processes. On average, it can take a few weeks to several months. We keep you informed at every step and work efficiently to expedite the process. We can help you with surveys and conveyancing if you require.
A fixed-rate mortgage keeps your interest rate the same for a set period, making budgeting easier as your payments won’t change. A variable-rate mortgage means the interest rate can change, potentially offering savings if rates fall but also posing the risk of higher payments if rates rise.
Your credit score is a key factor in determining your mortgage eligibility and the interest rates you receive. A higher score may generally means more favourable rates and terms. We can review your credit history and advise on how to improve your score before applying. If you want to check your credit report before applying for a mortgage, you can get your report via the credit check section of our website.
While not mandatory, income protection insurance can be beneficial. It provides financial support if you’re unable to work due to illness or injury, helping you to still meet your mortgage payments and your other financial commitments. We’ll help you assess whether this type of insurance is right for your situation.
 
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