Telephone: 07741568774 Email: e.jones@re-mortgagesltd.com

RE Mortgages Midlands
RE Mortgages Midlands
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    • Home
    • Contact Us
      • Contact Us
    • Google Reviews
    • First Time Buyers
      • First time buyers
      • FAQs
      • Homebuyers Checklist
    • Self Employed
    • Remortgage
    • Buy to Let
    • Privacy Notice
    • Blogs

  • Home
  • Contact Us
    • Contact Us
  • Google Reviews
  • First Time Buyers
    • First time buyers
    • FAQs
    • Homebuyers Checklist
  • Self Employed
  • Remortgage
  • Buy to Let
  • Privacy Notice
  • Blogs

Frequently Asked Questions

Please reach us at e.jones@re-mortgagesltd.com if you cannot find an answer to your question.

 Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. 

A mortgage broker acts as an intermediary between you and mortgage lenders. Unlike lenders, brokers don’t provide the loan themselves but help you find the most suitable mortgage deal from a variety of lenders based on your needs and circumstances


An agreement in principle (AIP) is a document from a lender indicating how much you might be able to borrow, based on a preliminary assessment of your financial situation. It helps strengthen your offer when making an offer on a property. 


  • Initial Consultation: Discuss your needs and financial situation with the broker.
  • Documentation: Provide necessary documents such as proof of income, credit history, and identification.
  • Mortgage Search: The broker searches for suitable mortgage deals and recommends options.
  • Application Submission: The broker submits your application to the chosen lender.
  • Offer and Completion: If approved, the lender will issue a mortgage offer, and the final steps include legal work and completion.


 Yes, brokers can help find mortgage products suited to individuals with poor credit histories. They have access to lenders who specialise in bad credit.


 

  • Repayment Mortgage: You pay both interest and capital each month, gradually reducing the loan balance.
  • Interest-Only Mortgage: You only pay interest each month, with the capital repaid in full at the end of the term. This typically requires a separate repayment plan for the capital.


The loan-to-value (LTV) ratio is the percentage of the property’s value that is covered by the mortgage. For example, if you’re buying a property worth £200,000 with a £160,000 mortgage, the LTV is 80%. 


 If your application is declined, we will discuss this with you. We have access to alternative lenders and understand their criteria and processes which may mean that just because you have been declined with one lender, you may not be elsewhere. 


You can contact us through phone, message/ Whatsapp or email


Speak to us! No question is too big or too small. 


Copyright © 2025 RE Mortgages Midlands - All Rights Reserved.

 RE Mortgages Midlands LTD is an appointed representative of Quilter Financial Services Limited which is authorised and regulated by the Financial Conduct Authority 

 RE Mortgages Midlands Ltd is registered in England and Wales. Company Number 15701405. Registered Address Office F34, West Midlands House, Gipsy Lane, Willenhall WV13 2HA

 The guidance contained within this website is subject to UK regulatory regime and is therefore primarily targeted at consumers based in the UK 





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