Residential Mortgage
We deal with properties of considerable value and assist our clients with the right deal, saving them money and time.
First time buyer
Buying your first home is extremely exciting. However, we understand the process can be daunting. At Loans Arena we have got a dedicated team that will assist you through the entire process to make sure your mortgage completes as quickly and stress-free as possible.
Remortgage
You’ve been through the challenging bit already. However, we will make sure you never land on your current lender’s Standard Variable Rate (SVR) and provide you with the best available deal. We can also assist you in borrowing additional finance, should you require it.
Home mover
We understand that moving home can be stressful. However, we will make sure everything proceeds as quickly as possible to allow you to move in your new home swiftly.
High net worth
With experience in Private Banking and managing a portfolio of high net worth customers, we understand the complexities that borrowing large sums can bring. At Loans Arena we will use all our available resources established over the years to make sure your enquiry is dealt with extreme care.
New build
Some lenders can be picky with New Build properties and may decide to reduce the Loan to Value on such properties. Our expert team will carefully review your file to make sure we pick the right lender that will allow us to apply for your requested loan amount.
Help to buy
At Loans Arena we can assist you in purchasing your new build property via the Government Help to Buy scheme. The Government will lend you up to 20% (and up to 40% in London) of the cost of your home, so you’ll only need a 5% cash deposit and a 75% (or 55% in London) mortgage to make up the rest. You won’t be charged loan fees on the amount you borrow for the first five years of owning your home.
Shared ownership
Shared Ownership gives those that do not currently own a home the opportunity to purchase a share in a property. You will pay a mortgage on the share you own, and pay rent to the Housing Association on the remaining share. Our knowledgeable team will be also happy to assist you in staircasing to help you purchase more shares in your current property.
UK expat
Many lenders aren’t keen to lend to UK Expats. However, at Loans Arena we can help these customers that are still looking to purchase or remortgage a property in the UK, whilst residing overseas.
Application process
Step One
Complete an enquiry form or get in touch with one of our representatives by telephone and we’ll complete an initial assessment and financial health check.
Step Two
Upon completing the enquiry form, we will review your circumstances in full and source the right mortgage product for you based on what you have told us. We have a vast number of lenders that we use and can provide offers where others can’t. We will share our findings and go through the most suitable option. Once happy to proceed, we’ll go ahead and get your Approval in Principle (AIP).
Step Three
Once we have received your AIP, we will complete all the relevant paperwork to submit your full mortgage application. We’ll be on hand at all times to answer questions you may have.
Step Four
Once your application has been submitted, we will work closely with the lender to obtain a mortgage offer. At this point, we work with you, solicitors and third parties to ensure everything runs smoothly to the completion of the purchase.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Our broker fees
Loan amounts below £500k
For loan amounts under £500k we charge a fee of 1.5% or £5,000 whichever higher.
Loans between £500k-£1m
For loan amounts between £500k – £999,999 we charge a fee of 1.25% or £5,000 whichever higher.
Loans over £1million
For loan amounts over £1 million, our broker fee would be 1%.