Residential Mortgages
Our Residential Mortgages Services
Moving Home
Our team of experienced professionals can help you find the perfect mortgage to suit your needs, whether you're new to the market or a seasoned homeowner looking to upgrade. We work with you to understand your financial situation and find a mortgage that fits your budget and lifestyle.
First-time Buyer
Buying your first home can be an exciting experience – but also a daunting one. That's why we're here to guide you through the process, step by step. Our dedicated team will help you understand the different mortgage options available, and work with you to find the one that's right for you.
Releasing Equity
If you're looking to release equity from your home, we can help. Our expert residential mortgage advisors in Cardiff can guide you through the process and find a mortgage that allows you to access the equity in your home without having to sell it.
Product Transfer
If you're looking to transfer to a new mortgage product, we've got you covered. Our team will clearly explain the different options available and help you find the one that best suits your needs. We'll also work with you at every step to make the transfer process as smooth and stress free as possible.
Residential Mortgages FAQs
A residential mortgage is a loan that’s secured against a residential property. It’s used to buy a property or to release equity from one you already own. At Ramsay & White in Cardiff, we offer competitive rates on residential mortgages to help you achieve your property goals.
The eligibility criteria for a residential mortgage can vary depending on the lender. We consider factors such as your income, credit history, employment status and the value of the property to determine your eligibility for a residential mortgage.
At Ramsay & White, you’ll find a wide range of residential mortgage options tailored to your needs, from fixed-rate mortgages and variable-rate mortgages to tracker mortgages and offset mortgages. Speak with our expert advisors to find the right option for you.
The maximum LTV ratio for a residential mortgage can vary depending on the lender and the borrower's circumstances. The expert advisors at Ramsay & white can offer up to 95% LTV for first-time buyers and 90% LTV for home movers, subject to eligibility criteria.
The minimum deposit you’ll need to put down for your residential mortgage will depend on the lender and your circumstances as a borrower. However, we offer residential mortgages with deposits as low as 5% to help you get on the property ladder.
A residential mortgage application typically takes two to four weeks to process. But this can also depend on the lender’s workload and your circumstances. Our dedicated team of experts can guide you through the process and help you secure a mortgage as quickly and efficiently as possible.
The specific fees for a residential mortgage vary from lender to lender. To make the costs involved as clear as possible, our advisors will provide you with a full breakdown of all fees and charges associated with your residential mortgage.
Even if you’re repaying a mortgage on a home, you can take out a second mortgage to buy another. However, lenders have strict criteria for residential mortgages, as the interest rates and terms tend to be much better than mortgages for buy-to-let properties. So you’ll need to provide plenty of proof that you intend to live in this property, not rent it out or use it for business purposes.
Yes, you can take out a second mortgage product on a home you’re currently paying for. The maximum amount you can borrow with your second residential mortgage depends on the amount of the property you currently own. This is determined by the total value of your home minus the cost of the mortgage you still owe on it. In general, lenders will let you borrow up to 75% of the equity in your property. So if you currently own 50% of your property outright, you can expect to borrow a maximum of 37.5% of the total property value.
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Our Mortgage Clients Success Stories
Initial Consultation
During the consultation, our team will help you understand your financial situation and goals. We'll ask about your income, assets, and credit history and discuss the type of property you're looking to purchase or refinance.
Tailored Mortgage Recommendations
Based on the information provided during the initial consultation, our team will recommend a range of mortgage options that are tailored to your individual needs. We'll provide you with detailed information on each option, including the interest rate, fees, and terms.
Application & Approval
As a leading expert in property finance in the UK, we have access to a wide range of mortgage products and lenders. This allows us to offer competitive rates and terms that may not be available to individual borrowers.
Closing & Funding
Once the mortgage application is approved, our team will assist you in closing the loan and securing the funds. We'll work with you to ensure that all the necessary paperwork is completed and will be there to answer any questions you may have throughout the process.
Continued Support
After completion, we provide continued support to all of our clients, answering any questions you may have and help with any of your future property finance needs.
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