Navigating your next move

They say moving home is one of the most stressful things you can do. So we do all we can to at least make the process of getting a mortgage on your new home as simple and stress-free as possible. If, like most home movers, you’re moving to a larger property, it is likely you will need to increase the size of your loan, so it’s crucial that you get the right mortgage advice.

Typically you’ll need to have at least 5% to 10% of the purchase price to put down as a deposit on your new home, which you’ll hopefully be able to raise through the sale of your existing property. And, even if you don’t need to borrow any more, we will always source the mortgage best suited to your new circumstances.

Unlocking better terms

Remortgaging is when you take out a different mortgage on a property you already own. It may be that your current mortgage deal is coming to an end and you want to find a better rate or more suitable product. Or you might remortgage to fund some improvements to your home.

Alternatively, you may be looking to consolidate some existing debt with a debt consolidation remortgage; essentially taking out a mortgage that is large enough to pay off an existing mortgage whilst also covering some or all existing debts. Whether you’re looking to get a better deal on your mortgage or access some of the equity you have built up, we can help.

At Westfield we have access to hundreds of mortgage products from across the market, including some that aren’t available through the high street lenders.

From Buyer to Landlord

Whether you are an experienced landlord with a large portfolio of properties or buying your first investment property, we can advise and assist you in finding the most suitable mortgage for your investment.

If you are an experienced landlord and wish to increase your property portfolio why not give us a call to see if we can help. We have many years’ hands-on experience in this sector and can help landlords to acquire lending on all kinds of properties. However, if you’re not familiar with how a Buy-To-Let mortgage works we’re happy to spend time helping you to understand, jargon-free.

Post Pension Options

With people now generally living longer, it’s increasingly common to consider mortgages that extend beyond the state pension age. Fortunately, this doesn’t always necessitate an equity release. There are appealing alternatives to consider, such as leveraging your expected pension income to support a longer mortgage repayment period, potentially up to age 80. Additionally, retirement interest-only options offer the flexibility of indefinite terms until the property is vacated. These choices can provide the comfort of remaining in your home for the long term, avoiding the complexities and potential drawbacks of equity release, which might reduce the property’s equity and affect the inheritance for your heirs.

For inquiries related to equity release mortgages, we collaborate with Lakeside Wealth Management, our trusted commercial partners. Their expertise in this area ensures you receive tailored advice and guidance on the most suitable options for your unique situation, regardless of your age or proximity to retirement.