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.
New mortgage rules (NMR)
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 financial services industry regulator, the Financial Conduct Authority (FCA), has rules for mortgage advisers, and lenders, to improve the process of getting a mortgage.
In the past, some people were allowed to take out mortgages they couldn’t afford. This meant they fell behind with payments or lost their homes.
The Financial Conduct Authority (FCA), the financial services industry regulator, has set out rules for mortgage advisers like us, and lenders, to improve the process of getting a mortgage, and prevent these past problems.
Your lender must check that you can afford your repayments now and in the future. To do this they will need information about your income and outgoings. You will have to tell them if you expect your income and outgoings to change in a way that means you’ll have less to spend on your mortgage payments.
You will also need to give your mortgage lender evidence of your income.
This article (New mortgage rules (NMR)) 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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