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Top Mortgage Solutions If you're looking for comprehensive mortgage advice in order to move house or buy your first home. Considering a remortgage to lower your monthly mortgage payments, or looking to release some equity to consolidate other borrowing. Maybe you wish to build that extension you've wanted for years; or are looking to buy to let for investment purposes - or even wishing to let your current home out to facilitate your onward move.

We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman. The Directors of Top Mortgage Solutions Limited are committed to ensuring that the FCA principle of Treating Customers Fairly (TCF) is applied in all areas of our day to day business activities.

In adopting the TCF principle we recognise that fair treatment of our customers is about adding value to the service we offer.
Highlights

read more › Top Mortgage Solutions is based in Southampton Hampshire and has been advising clients across England for in excess of 15 years; offering mortgage and protection service to those looking to purchase a new home, re-mortgage an existing property or looking to buy to let. Furthermore Top Mortgage Solutions is able to arrange relevant mortgage protection products ranging from Life Insurance through to Buildings Insurance for landlords. From the moment you are in contact with us, our advisors will lead you through the whole mortgage process and will be with you until completion and beyond.

read more › Moving home can be a particularly stressful time, not helped with the mortgage market appearing to be a mind field. Each mortgage lender will have independent criteria influencing their lending decision. Moreover, mortgage lenders will also differ in the amount they will lend, for example, some will take tax credits into consideration whilst others will not. If you are self-employed many lenders require evidence of three years accounts, whilst some require only one. Many lenders will not offer an interest only repayment strategy whilst others will when considering the overall situation.

read more › It's fair to say that to most people, their monthly mortgage payment is probably their largest monthly commitment. Therefore, it makes sense to explore the potential to reduce this and find the best remortgage deal. The same way you do when considering other costs such as switching utility providers, or deciding on the most economical place to buy your food. However, with each mortgage lender offering different incentives, a remortgage can seem a bit like wading through mud! Because that may cost you 000's in the long run!

read more › Shared ownership mortgage schemes are a Government incentive backed up by developers and housing associations in order to provide high quality affordable housing for first time buyers and other key workers. Basically by property buyers 'sharing' the ownership of the property. On the initial purchase you will typically buy 25/50/75% of the total property value. The remaining 75/50/25% of the property is owned jointly, usually with a housing association. They charge you a 'rent' for the section you do not own.

read more › A buy to let mortgage is typically for investment properties which are being let out to non-family members. For that reason they generally require a larger deposit, and have both higher interest rates and arrangement fees. Importantly the amount you can borrow is usually based on the rental income you will be able to achieve in the prevailing market conditions at that time. Buy to let generally should be seen as a long term investment. And whilst some people see their property portfolios as potential for a future pension, others look to simply supplement their existing earnings.

read more › Adverse credit mortgages - or bad credit mortgages - are when you have had issues with your credit history. However, this does not mean a person is bad with money! Many mortgage lenders understand that most of the time, credit histories are damaged due to a life event. It could also be something simple bringing your credit score down. For example, no previous credit or not on the voters roll. Some lenders even know that telecoms companies are renowned for putting a default against a person without much cause.

read more › Mortgage lenders have had to adjust to cater for the self-employed. Whilst a few still require a minimum trading period of three years, many others have adapted to underwrite the income in a variety of ways. So, if you fit in one of the following we can probably help. If you're currently a sole-trader and looking to become, or recently formed, a limited company you can still apply for a mortgage. However, there are limitations. Ideally you would need to have been a sole trader for a minimum of 12 months, while some mortgage lenders require 3 years.

read more › Purchasing a build home can be both exciting time and appealing given the many offers being promoted, including shared ownership, part exchange and Government incentives, such as the Help to Buy Equity Loan Scheme. As a result new home buyers are often overwhelmed by the number of options to choose from. That's why it's important to get impartial new build mortgage advice, making sure you are aware of all the choices made available from various mortgage lenders. The new build mortgage process can be more difficult than for an older property, particularly if you're buying off-plan.

read more › We know that being independent makes you different. Therefore, that means that government and conventional mortgage providers end up leaving you behind. Above all, we think that's wrong, and since we launched in 2006, we've made it a huge part of our policy to ensure you get the mortgage you deserve. Importantly, using traditional mortgage lending criteria for contractor mortgages, in many cases, simply does not fit. For example, those contractors using umbrella companies, many of your expenses are not included in your income calculation.

read more › Buying a home will probably be the biggest financial commitment you'll ever make. Without the correct mortgage protection insurance in place, you and your family will be at risk. Below is a list of available insurances. Accident Sickness & Unemployment - have your mortgage or loan payments paid if you become unemployed or have been signed off work. Income Protection - Long term income replacement plans should you be unable to work through illness or accident. We always aim to provide a high quality service to our customers.

read more › Without life insurance, what would your family do if the unexpected and unwanted were to happen? Unfortunately, mortgage lenders are unsympathetic in times of trouble and still demand the mortgage to be paid. Should you be unable to do so, it could eventually mean losing the family home. If you're single, its not uncommon for your mortgage lender to approach the executors to your Will in the desire for payment. Therefore, and for example, your parents or immediate family could be facing more to deal with than mourning the loss of a loved one.

read more › Critical illness insurance, or critical illness cover, normally pays out a tax free lump sum on the diagnosis of certain specified serious illnesses. Serious enough to change a life opposed to end it, some cancers for example, or even a heart attack. With rapid medical advances the chances of surviving a specified illness are greater than ever. However, the financial consequences of suffering a major life changing illness can be very substantial. The one-off payment from this type of policy is designed to help you and your family cope with these costs.

read more › Accident, sickness and unemployment insurance is a short term income protection policy which would supply you an income should you not be able to work due to an accident, sickness or involuntary redundancy. Therefore, giving you the peace of mind of knowing that in these events your mortgage payments will be made and your home will be safe. Importantly, accident, sickness and unemployment insurance does not replace your total monthly income. A policy of this kind is designed to supply a specified monthly amount of up to 3000 or 65% of your income (whichever is lower).

read more › Income Protection, which is also known as Income Replacement Insurance, Permanent Total Disability Insurance or Permanent Health Insurance is an insurance policy which gives you a tax free income if you can't work due to an accident or ill health. Could you rely on your reduced level of income (if any?) to finance your lifestyle? You should consider some form of Income Protection. Income Protection is an important part of your financial provision, whether or not you have dependents, a mortgage or other financial commitments.

read more › Family Income Benefit typically pays a series of regular annual lump sums if you die. Family Income Benefit is a form of non-investment life insurance ('term insurance' or 'term assurance'). Life insurance offers financial protection in the event of your early death, if family or others, are dependent on your earnings. A policy usually covers just one person, but in some cases a spouse or partner can be covered under the same policy. Other forms of term insurance pay a lump sum on death. If you decide that a regular income on death would be more useful than a lump sum then you might consider a Family Income Benefit insurance policy.

read more › Buildings and Contents insurance covers the structure of your property and the your contents contained within. Importantly, this usually includes fixtures or fittings, garages, drives, fences, walls, out-buildings, swimming pools and tennis courts. Moreover, and as a minimum, buildings insurance must be in place as a condition of your mortgage offer. If you are purchasing a property, building insurance must be placed 'on risk' on exchange of contracts. Fire - Theft - Malicious Damage - Vandalism - Subsidence - Heave or Landslip - Storm - Flood & Escape of oil or water.

read more › Secured loans are any loan that provides the lender with some form of security. Generally speaking this often takes the form of property which is held as collateral in the event you are unable to repay the loan. Interestingly, both your home, or buy to let property can be used as security. The loan sits behind your existing mortgage lender, therefore being called a second charge. Importantly, now under the remit of the Financial Conduct Authority (FCA), secured loans offer a genuine alternative to a remortgage or further advance.

read more › Bridging loans, or short term finance, is a loan to provide temporary financing until more permanent finance can be found. As such, it is a useful source of funding for a variety of purposes. Importantly Bridging finance is normally secured against the property you are purchasing. However, if you own more land or property, there is potential to use this in order to secure the required amount. If you need to borrow more than the purchase price you would need to be able to provide more than one form of security, for example another property.

read more › Commercial mortgages are used to buy business premises or to buy an existing business in its entirety. Lenders generally require a deposit of around 25%-40% of the total value and mortgage terms can run for one year, up to 40 years. Obtaining a commercial mortgage is based on the ability of your business to make the repayments. You will also find that lenders will assess your business before quoting you an interest rate. They generally look at past performance, the current position and long term future plans of the business.

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