Mortgage Brokers in Solihull
Finding the correct mortgage for you in Solihull can be a difficult process so seeking unbiased mortgage advice is often the easiest way to understand the options.
At our offices in Knowle, Solihull we offer whole of market, straight forward, friendly advice to help find the right mortgage for you.
Mortgage Advice from reputable mortgage brokers
Whether you are buying your first home or a Buy to Let property, looking to move, or needing to re-mortgage, our specialist advisors are on hand to make any lending process easier. With everything under one roof, you can be assured that we can find a mortgage deal that will suit your needs.
With house prices constantly increasing it can be difficult to find the right mortgage advice for you.
At The Right Broker we are dedicated and specialist mortgage brokers specifically trained to finding the correct mortgage for you through providing unbiased mortgage advice that is often easy to understand and provides you with a black or white picture of the mortgage options open to you
The mortgage advice that you will receive from us, our mortgage brokers, will be friendly, professional, current and most of all aid you on your way to finding the right mortgage product for you
We offer whole of market, straight forward, friendly advice. Click here to get in touch.
Buying for the first time
Buying your first home can be very exciting yet somewhat scary at the same time. If you are struggling to understand just what everything means, then please don’t worry as our friendly and knowledgeable advisers have helped hundreds of customers just like yourself, and they are on hand to explain everything in an easy-to-understand way so you can make the right decisions for you.
Moving Home
So you have decided that its time to move and need to find out just what property you can now be looking to purchase. We understand your new home could be a step up the ladder or could be your forever home.
Our advisors will use their wealth of experience to tailor a mortgage this is suitable for your needs both for now and for the future. By having access to products that may not be available on the high street, gives our advisors the ability to offer you a fantastic range of products to suit your needs.
Re Mortgaging
If your fixed rate is coming towards an end or you need to re-mortgage to raise additional funds our advisors are on hand to find you the right deal. We can assist if you are looking to pay off your loan faster or alternatively need to reduce your monthly payments. If you are looking for additional funds to either make home improvements, or lifestyle spending whatever the reason, our advisers can search
Buy to Let Mortgages
A Buy to Let mortgage is a mortgage sold specifically for those who buy a property as an investment, rather getting a mortgage for somewhere they want to live.
Buy to Let mortgages work differently to standard residential mortgages. So if you’re choosing to rent out your property, lenders will want you to finance your purchase or remortgage with a Buy to Let mortgage.
Bridging finance & Second Charge
Finding the most suitable short-term finance for buying a property before your longer-term funding comes through can be stressful. Our qualified advisers will help you find the bridging loan you need. Click here to visit our Ancillary Services.
Commercial mortgage
A commercial mortgage is a mortgage loan secured by commercial property, such as an office building, shopping centre, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property. Click here to visit our Ancillary Services.
The Financial Conduct Authority does not regulate Commercial Finance.
England and Northern Ireland
| Band | Normal rate | Additional property |
|---|---|---|
| Less than £250k | 0% | 3% |
| £250k to £925k | 5% | 8% |
| £925k to £1.5m | 10% | 13% |
| Rest over £1.5m | 12% | 15% |
For a single property purchase, no tax will be paid on the first £250,000. Between £250,000 and £925,000 buyers will pay 5% within this band, 10% on the portion between £925,000and £1.5m and 12% over that.
Scotland
| Band | Normal rate | Additional property |
|---|---|---|
| Less than £145k | 0% | 3% |
| £145k to £250k | 2% | 5% |
| £250k to £325k | 5% | 8% |
| £325k to £750k | 10% | 13% |
| Rest over £750k | 12% | 15% |
For a single property purchase, no SDLT will be paid on the first £125,000. Between £125,000 and £250,000 buyers will pay 2% within this band, 5% on the portion between £250,000 and £925,000, 10% within the next band up to £1.5 million and 12% over that.
Wales
| Band | Normal rate | Additional property |
|---|---|---|
| Less than £180k | 0% | 3% |
| £180k to £250k | 3.5% | 6.5% |
| £250k to £400k | 5% | 8% |
| £400k to £750k | 7.5% | 10.5% |
| £750k to £1.5m | 12% | 15% |
| Rest over £1.5m | 12% | 15% |
For a normal purchase LTT is exempt on the first £180,000. Between £180,000 and £250,000 buyers will pay 3.5% within this band, 5% on the portion between £250,000 and £400,000, 7.5% on the portion between £400,000 and £750,000, 10% within the next band up to £1.5 million and 12% over that. For additional property, such as buy to let or second homes, there will be a 3% surcharge applied to all bands.
Information taken from gov.co.uk – Correct as of 20/11/18
Important things to think about: Stamp Duty
Please note: Land and Buildings Transaction Tax (LBTT) rates in Scotland are different to the Stamp Duty Land Tax (SDLT) rates in England and Northern Ireland. From April 2018 Land Transaction Tax (LTT) has replaced SDLT in Wales. LTT rates are different to SDLT and LBTT rates.
England and Northern Ireland
Stamp Duty Land Tax (SDLT) is a tax on properties bought in England and Northern Ireland. You’ll need to pay it when you buy a residential property that costs more than £250,000, for first-time buyers this is increased to £425,000. Clicking on the button below will take you to a stamp duty calculator to work out how much Stamp Duty you’ll need to pay on your new home. You can also use it to work out how much you’ll pay on an additional property that costs more than £40,000, like a buy to let or second home, which attracts an extra 3% charge.
Scotland
Land and Buildings Transaction Tax (LBTT) has replaced Stamp Duty in Scotland. You will pay no tax on the first £145,000. between £145,000 and £250,000 buyers will pay just 2% within this band, 5% on the portion between £250,000 and £325,000, 10% within the next band up to £750,000 and 12% over that. Clicking on the button below will take you to a stamp duty calculator where it will work out how much Land and Buildings Transaction Tax you need to pay on your new home.
Wales
Stamp Duty has been replaced by Land Transaction Tax (LTT) for properties bought in Wales. LTT will apply to residential properties costing over £225,000. Clicking on the button below will take you to a stamp duty calculator to find the amount of Land Transaction Tax you’ll have to pay. You can also work out the cost of LTT on any additional properties you purchase over £40,000, like buy to lets or second homes, which will be charged a 3% additional supplement.
Information taken from www.moneyhelper.org.uk. Please note we have no affiliation with the moneyHelper.
Think carefully before securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
*Some forms of Buy to Let Mortgages are not regulated by the Financial Conduct Authority