FutureBuild Finance, nestled in the charming town of Louth, Lincolnshire, stands as a trusted beacon in the realm of mortgages and protection services. With a commitment to shaping financial futures, this esteemed company specialises in providing tailored mortgage solutions, ensuring individuals and families secure their dream homes with ease. Merging local charm with financial expertise, FutureBuild Finance goes beyond traditional services, offering comprehensive protection plans to safeguard clients against unforeseen challenges. Rooted in the community spirit of Lincolnshire, FutureBuild Finance stands as a reliable partner, guiding clients through the intricate landscape of home financing and ensuring a foundation for a secure and prosperous future.
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Mortgage lenders each have their own unique criteria when considering mortgage offers and loan amounts. Key factors include the desired loan amount, deposit size, employment status, income, credit score, monthly expenses, existing debts, age, mortgage term, credit history, and whether you’re applying individually or jointly. To secure approval, you must demonstrate your ability to repay the mortgage, typically assessed through your credit report. This comprehensive report covers various financial aspects like credit card usage, loans, overdrafts, mortgage history, utility payments, and accounts opened within the last six years. If you have a history of arrears, defaults, CCJs, debt management plans, or bankruptcy, specialized mortgage options are available, and we’re here to assist you in exploring them.
To secure a mortgage, it’s crucial to amass a deposit of at least 5%, although a larger sum often results in more favorable interest rates. For existing homeowners, leveraging property equity can serve as a viable means to bolster the deposit. Our seasoned mortgage advisors can elucidate the benefits and potential impact on monthly payments should you choose to increase your deposit. Once you’ve pinpointed your desired property, our advisors meticulously assess your unique needs and financial circumstances, recommending a tailored mortgage product. They sift through a plethora of mortgage quotes, including exclusive offerings not readily available through conventional channels or comparison platforms, ensuring you secure the most advantageous deal. Upon selecting a suitable mortgage product, an initial fee is incurred to procure your Agreement in Principle (AIP), furnishing an estimated borrowing amount from the lender and empowering you to proceed with an offer on your chosen property. If your offer is accepted, we facilitate the engagement of a solicitor to oversee searches, surveys, and contracts, streamlining the entire mortgage application process from inception to completion, and ensuring a seamless outcome. For those contemplating remortgaging, we recommend initiating the search for a new deal approximately three months prior to the expiration of your existing arrangement, affording ample time to evaluate available options and submit your application. Should your mortgage be approved ahead of schedule, rest assured we’ll synchronize the completion date with the expiration of your current deal, mitigating any undue stress.
Securing approval for a mortgage application relies on collaboration between you, your mortgage advisor, solicitor, and lender. At FutureBuild Finance, we streamline the entire process on your behalf, from initiation to completion. We facilitate seamless communication with your solicitor and lender, alleviating stress and hassle to ensure a successful outcome. Moreover, having all pertinent mortgage documentation readily available for your mortgage advisor expedites the process further.
Even with a history of bad credit, such as arrears, defaults, County Court Judgements (CCJs), debt management plans, or bankruptcy, there are still mortgage options accessible to you. However, your selection of mortgage lenders and types will be somewhat restricted, and you can anticipate higher interest rates compared to those with a favorable credit history. Fortunately, our adept mortgage advisors maintain regular communication with lenders specialising in adverse credit situations, enabling them to provide comprehensive guidance on all available options tailored to your circumstances.
Commission disclosure: We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.
