Helping you find the perfect mortgage solution tailored to your unique circumstances and financial goals.
From finding your dream home to completing the purchase, we'll guide you through every step of the property buying process.
Use our calculator to get an estimate of how much you could borrow for a mortgage based on your income and financial situation.
Call 0800 862 0811Fill in your details below and one of our mortgage advisors will call you back.
By submitting this form, you agree to our privacy policy.
Lenders determine your borrowing capacity using income multiples, typically offering around 4-4.5 times your annual income (or joint income for couples). Beyond this initial calculation, they'll conduct a detailed affordability assessment reviewing:
A deposit serves two crucial purposes: demonstrating your financial discipline and reducing the lender's risk. Larger deposits typically secure more favourable interest rates.
Minimum requirements:
For the most advantageous mortgage terms, aim to save at least 10-15% of the property value.
Re-mortgaging can save you money and provide financial flexibility. Here's our step-by-step guide to securing a better mortgage deal.
Review your existing mortgage terms, current interest rate, remaining term, and any early repayment charges. We'll help you determine if re-mortgaging is the right option for you.
Gather the relevant documents, and we'll guide you through what lenders require and help you prepare a strong application.
Most remortgages require a new valuation of your property. This helps determine your current loan-to-value ratio, which affects the rates available to you.
We'll compare options from across the market to find the most competitive rates and terms suited to your needs, whether you're looking to reduce payments or release equity.
We'll liaise with both your lender and solicitor to ensure a smooth transition with minimal hassle for you.
Friends Capital have existing relationships with first time buyer mortgage lenders. We can search the entire market and get access to the best and most exclusive deals available. Then we will choose the deal that is most appropriate to your personal circumstance. We can:
Our experienced mortgage advisors understand the challenges first-time buyers face and are dedicated to making your journey onto the property ladder as smooth as possible. We'll be with you every step of the way.
Have a question about mortgages or want to book a consultation? Fill out the form and one of our expert advisors will get back to you shortly.
0800 862 0811
info@friendscapital.co.uk
Beehive Works, Milton St
Broomhall, Sheffield S3 7WL
Monday - Thursday: 9:00am - 5:30pm
Friday: 9:00am - 3:00pm
Buying a property involves several key steps. Here's what you can expect during the purchase process.
Understand how much you can afford to borrow and what your monthly payments might be. Consider additional costs like stamp duty, legal fees, and moving expenses.
This gives you an indication of what you might be able to borrow, making you a more attractive buyer when you make an offer.
Search for properties within your budget, considering location, property type, and your specific requirements.
When you've found a property you like, make an offer through the estate agent, who will negotiate on your behalf.
Once your offer is accepted, you'll need a solicitor to handle the legal work and a surveyor to check the property's condition.
Exchange of contracts makes the deal legally binding. Completion is when you get the keys and the property becomes yours.
There are several government-backed schemes designed to help first-time buyers get onto the property ladder.
If you're aged between 18 and 40, the government could add a 25% boost to your savings (up to a maximum boost of £1,000 per year) until you're 50.
However there are very small number of building societies and banks that offer this.
This scheme gives tenants who rent from a council or local housing association the chance to buy the home they live in.
Significant discounts may be available based on how long you've been a tenant.
Available to people under 40 years old, this scheme aims to offer first-time buyers one of around 200,000 new homes priced 20% less than their market value.
These homes are built on brownfield sites specifically for first-time buyers.
Allows you to co-own a property with a landlord (typically a council or housing association).
You can buy between 25% and 75% of the property and pay rent on the remainder.
Lenders determine your borrowing capacity using income multiples, typically offering around 4-4.5 times your annual income (or joint income for couples). Beyond this initial calculation, they'll conduct a detailed affordability assessment reviewing:
A deposit serves two crucial purposes: demonstrating your financial discipline and reducing the lender's risk. Larger deposits typically secure more favourable interest rates.
Minimum requirements:
For the most advantageous mortgage terms, aim to save at least 10-15% of the property value.
The timeline for remortgaging varies significantly depending on your situation. Staying with your current lender (a "product transfer") can be remarkably quick and straightforward, often completed within 1-2 weeks. However, switching to a new lender typically takes 6-10 weeks due to additional paperwork, property valuations and legal requirements.
Friends Capital Tip: "To avoid potential payment increases, begin your remortgage search 4-6 months before your current deal expires. This provides ample time to explore options and complete the process without rushing."