KFH: Expert mortgage advice to get you on the move

Making your property goals a reality

The new rates needn’t stand in the way of your home move, says Kinleigh Financial Services’ Technical Director Kelly Wicks. By drawing on the extensive knowledge of a KFH mortgage consultant, you can explore all the financial avenues open to you and get all the tailored advice and guidance you need to set you on the path to home ownership.

‘It’s all too easy to make an assumption and wrongly write off your buying potential,’ says Kelly. ‘The best advice to anyone thinking about buying a home is to speak to one of our mortgage consultants and go into the meeting with an open mind. You could be pleasantly surprised at what is within reach.'

Not sure what your choices are? Kinleigh Financial Services will provide unbiased advice, take you through what you can achieve right now and advise on what you need to do to get on the move. Talking to a KFH expert will also give you a clear picture on eligibility. They’ll look at things like any associated costs of your move, the implications of your committed expenditure from childcare, school fees and credit cards, and how lenders view additional income. They’ll also advise on any documentation that’s needed. 

‘The detailed minutiae within each lender’s criteria can make all the difference,’ says Kelly. ‘Our mortgage consultants understand the complexity of your income and how much of that will be accepted for affordability assessments. For example, they’ll look at factors like whether the lender will use 100% of a client’s bonus or a percentage of it. Some lenders will only use 50% of bonuses when calculating affordability due to the fluctuating amount a bonus might be in monetary terms from one year to the next. They’ll also look at what might have a positive or negative impact on your credit score. Our mortgage consultants will look at the full picture and be able to tell you what is possible.’

Discover how much your monthly mortgage repayments could be with our mortgage estimator calculator.

Giving buyers a helping hand

KFH mortgage consultants have access to alternative products available through innovative lenders that are designed to make home ownership more accessible to buyers. For example, Generation Home’s New Build Boost is a brand new product which effectively replaces the Help to Buy scheme – so as the product name suggests, it’s for new build properties. Requiring a 5% deposit from the home buyer, Generation Home provides an 80% loan, and the boost is a 15% interest free loan which is supported by the house builder for the entire term, and can run for the full duration of the mortgage. In this situation, a buyer who has accumulated funds for a 10% deposit could instead choose to put down a 5% deposit and use the remaining funds to cover stamp duty and other associated costs.

Meanwhile, Skipton Building Society’s Track Record mortgage might be suitable for those who have managed to pull together a 5% deposit and have a track record of at least 12 months of rental payments. Skipton can offer a 95 to 100% Loan to Value (LTV) mortgage, so you could potentially use your deposit funds to cover stamp duty and other associated costs.

In addition, Skipton has launched a range of five year, fixed rate loans which come with up to 1.5% cashback that’s paid directly into your bank account 15 days after completion. A KFH mortgage consultant can enlighten you further on other high street banks that are offering similar products.

Please note, these product offerings are subject to meeting lender underwriting.