Welcome to Stratton Regent Mortgages

---

Buying your first home is exciting and terrifying in equal measure. Scraping together that deposit, checking your balance with the bank of mum and dad, feeling a little out of your depth? We know how scary buying your first home can be and we will stand by your side throughout the whole process. We'll explain every aspect as we go and find the most suitable lender for you, saving you time and money trawling the high street banks. You have one dedicated contact from start to finish and our experts have an intricate knowledge of the whole property process. We can help you with surveyors, solicitors, we can speak to agents for you and answer any questions for you even if it's not about mortgages. Have a look at our review page and see what other clients have said about us.

You have a property and are looking to either upgrade or downsize and want some general advice, we're here to help. You may want to explore your current mortgage to see if you can take it with you to your new home (Porting). You may need a completely new mortgage, and we can look at the situation and analyse the options from the mortgage market to see what works best for you. Things to consider are; Do you have any penalties for leaving your current mortgage provider? If so, would the new rate with a new lender offset those costs by saving you money in the short term. Will your existing lender lend you enough additional money for you to be able to buy onwards? Different lenders have different income multiples. Has anything changed with your situation or income?

We cover all aspesct of rental properties you may be looking at, and may suggest other options you hadn't yet considered. Our mortgage brokers look at consumer buy to let, business buy to let, let to buy, limited company buy to let and HMO. There are as many things to consider when looking at investment properties as when looking at residential mortgages, and a wealth of options for all. We look at your position and what you want to acheive from your investment. Are you looking to have one rental in your own name to tide you over when you're looking to retire, are you looking to build a large portfolio in a limited company to replace your employment income?   

The Financial Conduct Authority does not regulate some forms of Buy to Lets. 

Your property may be repossessed if you do not keep up repayments on your mortgage. 

Contractors come in all different shapes and sizes and can find getting a mortgage quite difficult. We have a wealth of experience in placing contractor mortgages, and if you're employed or self employed, short term, long term, CIS, zero hour, rolling or umbrella company, we can asses your situation and let you know all the options available to you. Many lenders have specialist contractor criteria and are aware of the difficulties, there are even specialist contractor products with some lenders and it's always worth exploring all options before making your final mortgage decision. Speak to one of our impartial brokers to see what options you might have. 

Self-Employed people always worry about getting a mortgage and occasionally have had bad advice in the past from their accountants or other financial advisers. However, there may be more options open to you than you think. Some lenders will look to take an average of your latest 2yrs accounts, this may need to be backed up by three months business bank accounts to show sustainable income. However, others will accept retained profit in the business in certain circumstances, others may accept accountant references or certificates so it's always worth speaking to a mortgage expert to clarify your position. 

Your mortgage is coming to the end of its fixed rate and you need to renew it. Your bank/lender has probably contacted you to switch to another rate with them (Product Transfer), but that may not be the best option for you. Granted, it's probably the easiest, but if you could save money, it's certainly worth the conversation with a mortgage broker. Also, it could be quite a lot of money as some lenders only offer higher rates to existing customers, rather than their 'new customer' lower rates. For the sake of a quick review, you could end up saving thousands and our brokers offer a comprehensive range of products from across the market 

Remortgaging with the lender you already have your mortgage with. Your lender has probably contacted you to make you an offer, but they don't give advice with that offer and it may not be the best product for you. Our brokers can facilitate your product transfer completely free of charge and make sure you have been offered the best product for you. It's also an option if your personal situation has changed, maybe you've lost your job, or have gone self employed recently, maybe your income has decreased and you think you're stuck and have to revert to the lenders Standard Variable Rate (SVR). This may not be the case and you may have more options than you think. Our mortgage brokers will offer you the most suitable advice for you after presenting all the options available. 

Porting is basically moving home and taking your mortgage with you. Most lenders will allow this and you take the product you have with you to the new property so you don't incur any penalties whilst within your fixed rate period. Some lenders will treat the port as a completely new application and allow you to change aspects of the mortgage like the term, parties to the mortgage (add or remove someone) and you can either reduce the loan amount or take additional borrowing. Additional borrowing will depend on your income, situation and will be assessed as any new mortgage, it will also need to fit within the lending criteria of that lender. Negotiating all this yourself can be difficult, so it's always better to have a mortgage broker alongside, who will guide you through. 

Government and lender schemes have changed slightly over the years and can be a real minefield to negotiate on your own. There are several specific products from a range of lenders to choose from, but each work out the affordability and suitablility to the schemes differently. There are currntly some schemes around lower deposits, new build properties, also lender incentives for properties with higher rated energy performance. There are different options from different lenders. For example, some lenders will offer first time buyers a higher income multiple if they fit a certain criteria. Others may offer zero deposit from the buyer if they have a family memeber willing to deposit a % of the property value in a savings account for a specified number of years etc. 

You've been living in your local authority property for a period and the council offer the property to you, usually at an attractive discount and you would like to buy it. You could go to the bank, but which banks allow this type of purchase, as not all do. You have a wealth of options available and based on your circumstances, our mortgage brokers can shop around and choose the most suitable mortgage and most suitable lender for you. We'll explain the situation, the rules around ownership and walk you through the mortgage process step by step. 

You want to buy a larger property to fit in with the lifestyle you prefer, can't quite afford to buy the whole property at present, but maybe you work in a profession where your income will increase exponentially and you then want the option to buy out the rest. Usual starting shares of between 25% and 75% and you need a mortgage alongside the rent you pay for the other part. Or perhaps you own a share and want to increase it (staircasing), or maybe even buy out the entire property from the housing company to own 100%. Either way, our mortgage brokers can help.

An unusual quirk offered by a few lenders when getting a mortgage. It basically means two people (or more in some cases) on the mortgage, but one (again, more in some cases) on the deeds of the property. You can use the income from all parties to the mortgage, but those not on the deeds have no legal right to the property itself. A good way for friends or family to help out without physically gifting money. It will form a credit agreement for all parties which can affect future borrowing for them. Speak to one of our mortgage brokers today to learn more.