FREQUENTLY ASKED QUESTIONS

How much deposit do I need for a mortgage?

Regardless of whether you are a first time buyer, or a home mover, the minimum deposit needed for a mortgage remains the same, at the very minimum you need a deposit equal to 5% of the purchase price of your new home.

 

Who is eligible for Help to Buy?

 

The Help To Buy Equity Loan scheme is available to First Time buyers as well as home movers, however, the property you buy through the scheme must be a newly built property and cannot be worth more than £600,000.
 

 

How much can I borrow on a mortgage?

The amount you can borrow from each lender will vary depending on many factors. Things like, credit cards, loans and HP will all have an impact on what you  can borrow. 

As a general rule of thumb lenders will lend between 4-5 times Gross income. To get a more accurate figure based on YOUR circumstances contact us today. We NEVER charge an up front fee.

I am self employed can I still get a mortgage?

Yes as long as you have been trading for 18 months or more and/or have 2 years accounts you can apply for a mortgage.

FOR MORE FAQ'S VISIT OUR YOUTUBE CHANNEL Here with have a large range of 3 minute videos released every Thursday that will help you answer your questions.

Because we play by the book we want to tell you that...

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

There may be a fee for mortgage advice.  The amount you pay will depend upon your circumstances.

The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed

Head Office Address
We have Branches in:

5 The Courtyard

Trull

Taunton

TA4 1EQ

Tel: 01823 740027

Email:

enquiries@themortgagecentreuk.co.uk

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Hours

Monday - Friday 

9:00 am to 5:00 pm

 

Saturday 

9:00 am to 12:00 pm

 

Evenings by Appointment

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© 2020 Taunton Mortgage Centre Limited trading as The Mortgage Centre UK, 5 The Courtyard, Taunton, Somerset, TA4 1EQ

 

The Mortgage Centre UK is a trading name of Brook Financial Services Limited which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. 

Brook Financial Services Limited Registered Office: The Old Courthouse, 60a London Road, Grantham, Lincolnshire, NG31 6HR

Registered in England Number: 07311674