With access to a large number of lenders, Merlin Mortgage Management Ltd are able to offer our services to clients with the following mortgage needs;
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First Time Buyers - Calculating that first mortgage depends on a number of factors. The primary ones being, the borrowers total annual income, and any deposit size.
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Remortgages - A borrower with an existing mortgage may wish to remortgage their property to release equity that has built up in the property, to take advantage of lower repayments or a combination of both.
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Debt Consolidation - If a client has overspent on credit cards and/or personal loans, and is finding it difficult to keep up with payments,
they may wish to consolidate all their debts into one loan, which may offer better interest rates and consequently lower repayments.
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Lifetime (Equity Release) Mortgages -
A mortgage secured on the clients home is used to generate capital. Interest payments are rolled-up on top of the capital throughout the term of the mortgage. The loan is repaid from the proceeds of the sale of the property when the borrowers die or move out . The borrowers retain legal title to their home whilst living in it. Be sure this mortgage meets your needs if you want to move, sell your home or if you want family to inherit it. If in doubt seek independent legal advice.
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Adverse Credit History -
The term Adverse Credit is used to describe borrowers who have a history of unsatisfactory credit transactions. A client in this situation may therefore struggle to find lenders. Merlin Mortgage Management Ltd are especially adept in this field.
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Home Movers - There are many costs to consider when moving house, a sudden change in mortgage repayments being a major one. Merlin Mortgage Management Ltd are on hand to find the best deal for home movers.
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Capital Raising - Borrowers may wish to release capital from their property to fund home improvements, a new car, a family holiday or another significant expense. Merlin Mortgage Management Ltd can greatly assist their clients in this area.
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Buy-to-Let - These mortgages have been on offer in the UK since the late nineties, they are specifically designed for investors to borrow money to purchase property in the private rented sector in order to let it out to tenants.
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Self Certification -
If a borrower is self employed or cannot provide proof of income, it may prove difficult to acquire a mortgage with a high street lender. Merlin Mortgage Management Ltd can provide advice on self-certified mortgage deals.
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Right-to-Buy -
The Right to Buy Scheme entitles council house tenants to buy their house at a discounted value which is calculated to reflect rents paid by the tenant.
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Secured Loans -
A secured loan is a loan in which the borrower pledges some asset (e.g. A property) as collateral for the loan. The loan is thus secured against the collateral. In the event that the borrower cannot repay the loan, the lender takes possession of the asset used as collateral and may sell it to regain the amount originally lent to the borrower.
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Conveyancing -
This is the legal process whereby the ownership of a property is transferred from one party to another. It is usually carried out either by a solicitor or licensed conveyancer.
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