Mortgages
Whether you are a first time buyer, moving home, looking to remortgage or are considering buying a property to let out, Cox Financial can help you find a mortgage that is right for you and the interest rate option most likely to suit your needs.
With so many mortgages available and as more and more lenders now only deal with consumers over the phone, having an experienced mortgage advisor on hand to guide you through the mortgage process could help you achieve better long-term value for money, save you time and minimise uncertainty.
Clients of Cox Financial can also benefit from our access to mortgage deals and competitive market offers that are exclusive to mortgage brokers.
For more information or to explore your mortgage planning options with Cox Financial, please contact us on 01772 613478 or email admin@cox-financal.co.uk and we will be happy to assist you.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Before you choose a specific deal, you need to decide what type of mortgage is the most appropriate for your needs.
People buying their first home often have specific needs when it comes to finding a mortgage. A range of mortages exists specifically for this market sector.
Remortgaging means switching your mortgage to another deal with another lender. Most people remortgage because their existing deal has ended.
These types of mortgages are designed for property investors and private landlords, who do not intend to live in the purchased property.
Help to Buy and other government-backed schemes
Your home may be repossessed if you do not keep up repayments on your mortgage.
An administration fee of £99 may be payable and a fee of up to £300 payable on completion. The total fee will be based on your personal circumstances, employment record and credit history. We will provide you with written confirmation of your fee prior to the commencement of any chargeable activity.
The government has put in place a number of schemes to support house purchasers, such as Help to Buy.
The Help to Buy mortgage guarantee scheme helps you buy a home with a deposit of 5% of the purchase price. It’s open to both first-time buyers and home movers for new-build and older homes in the UK, with a purchase price up to £600,000.
The guarantee is provided to your mortgage lender by the government - not to you.
Eligibility
To qualify for a mortgage guarantee, the home you want to buy must:
- have a purchase price of £600,000 or less
- not be a shared ownership or shared equity purchase
- not be a second home
- not be rented out after you buy it
The property doesn’t have to be newly built.
You don’t have to be a first-time buyer and there’s no limit on your level of income. But you can’t use Help to Buy with any other publicly funded mortgage scheme, or an interest-only mortgage.
For details of other government home ownership schemes, please visit https://www.gov.uk/affordable-home-ownership-schemes/overview
Contains public sector information licensed under the Open Government Licence v2.0.
This article (Help to Buy and other government-backed schemes) is intended to provide a general appreciation of the topic and it is not advice.
For more information please contact Cox Financial on 01772 613478 or email admin@cox-financial.co.uk and we will be happy to assist you.
Article expiry: 06 Apr 2026
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