The Mortgage Hive
Fee Free Mortgage Advice
Our Worker Bees Will Seek Out The Best Mortgage Deals For You!
At The Mortgage Hive we understand that your mortgage payment will be one of your biggest monthly outgoings.
We will search the whole of the market to make sure nothing is overlooked.
If you would like to see if you can save money on your future payments, we will help!
Borrow from £25,000 to £1,000,000+
Poor Credit? i.e. Late payments, Default, CCJ, Debt Management Plan, Pay Day Loans
We will check the high street and specialist lenders
Always take into consideration your circumstances to find the product that will be most suited to you
Offers an efficient and professional service
Your Situation Is Unique
So Is Our Advice.
Whether you are just starting out, moving home, seeking to re-mortgage or looking to invest in a buy to let property. Whatever your current circumstances, The Mortgage Hive has you covered
Why You Should Use A Mortgage Broker!
Our advisers will take into consideration your requirements, then match them with the lenders criteria to source the best mortgage deals.
We will deal with the lender to ensure the process is swift, smooth & hassle free for you.
Other lenders also offer some mortgage deals exclusively to brokers, which you will not be able to access directly.
Due to the vast knowledge acquired from sourcing the whole market, the Mortgage Hive will give you guidance on which lender is most likely to approve your application. We will be able to give you a good idea if your application is likely to be approved in principle, which will remove the risk of damaging you credit history by having applications declined.
Not only will your consultant find the best mortgage you can afford, a good broker will also give you guidance on Protecting your family. This can include various Insurances such as:
It is important to schedule future reviews, to make sure you are always prepared for any changes in the UK market which could affect Mortgage rate.
As it will cut down on the amount of research you will need to find a competitive Mortgage with a Lender.
The Mortgage Process
We have mortgage calculators that can help, however this should only be used as a very rough guide. As the amount will vary vastly depending on your lenders criteria and your personal circumstances.
To get a true representation if you are eligible for a mortgage and what the mortgage will cost, you will need to complete a Fact Find with your Mortgage Hive Broker.
The ‘Fact find’ will consist of various sections designed to gather all your personal circumstances and credit history and the evidence to support it.
With a completed Fact Find, the Adviser is then able to go away and source the best mortgage deals for you.
At this stage we will be able to give you an indication of how much you will be able to borrow, what the monthly payment will cost.
The Broker will send over a Key Features Illustration. (KFI)
The KFI will clarify figures regarding:
Interest rates during and after the fixed period,
Any fees (including when and how they will need to be paid),
Any other additional features.
It is only valid on the day its produced, but will give you a strong indication on what is affordable to you.
As lenders have criteria regarding the property you pick. i.e. Listed building, Type of Property, Near Commercial, Acreage, Ex council, Type of construction.
You will need to pass this relevant information onto us. Your adviser will check your chosen property fits your lenders criteria.
At any stage in the process if the details in your initial Fact find change, please update your broker.
The Lender will check your circumstances match their criteria and asses affordability via your income and declared commitments which they will check by Conducting a Credit Search.
The Credit Search depending on lender can be either Soft or Hard.
A Soft Credit search has no detrimental effect on your credit report. It is only seen by yourself and the lender who conducted it.
However, a Hard Credit search, all future creditors will see. This will last on your credit report for 1 year. Please note too many of these in a short period will have a detrimental effect on your credit report and therefore hamper other credit applications.
Your personal Adviser, will be able to tell you which Credit Agency the lender will use and the type of search carried out, if you have any concerns about your credit file disclosure is always the best policy.
Please note all lenders will eventually carry out a Hard credit search, but this is done later on in the mortgage process.
Your Solicitor details.
Vendor / Estate agent details
Direct Debit details to make your mortgage payments.
Payment of any fees applicable (i.e. Valuation Fee, Lender Application fee).
Type of Valuation required. (Standard Mortgage Valuation, Home Buyers Report)
The lender will then check through the application and conduct a mortgage survey on the property. If the property is new, it maybe worth looking into a more thorough survey, please contact us for details.
The Mortgage Offer in most cases should be almost identical to the KFI that was produced.
There are 6 key stages to conveyancing
Exchange contracts you are now responsible for your new property, you will need to make sure building insurance is in place.
1. Initial stages, Engagement or confirmation of Terms of Business.
2. Pre-Contract Stage, Draft Contract and Searches
3. Exchange of contracts, You are now responsible for your new property, make sure your building insurance is in place. Ask your adviser for a quote.
4. Between Exchange and Completion
5. Completion (Moving Day)
6. Post Completion, register your ownership with the Land Registry.