Mortgages

The world of mortgages can be a daunting place and it can be difficult to know where to start. At SJ Financial Solutions, we have an experienced team of mortgage advisors and mortgage brokers who are here to support you through every step of the mortgaging process and provide bespoke mortgage advice.

We know that mortgages can be confusing and that is why we are determined to make your experience as easy as possible. We will sit down and explain the home buying process, work out how much you can borrow and how much it will cost so you can go away and start looking for a property. If needed we can provide an agreement in principle (sometimes known as a mortgage promise or decision in principle) so you can confirm to the estate agent you are a serious buyer and can proceed with a property, should you find one.

How Our Mortgage Advice Services Can Help You

We will first book a consultation with one of our mortgage advisors who will gather brief information in order to understand your current situation. Once we have established your situation and your needs, we will be better positioned to help you achieve your mortgage aims.

Our mortgage advisors can assist you with putting in an offer, advise on the mortgage products and lenders available to you, and will support you through the entire process as well as being available to you after completion. We are also able to search through and recommend to you those schemes that are available to first time buyers. If you’re a first-time buyer and you’re looking for a mortgage or advice, visit our first-time buyer page for more information.

If you have a question at any point, no matter how complicated it may seem, please feel free to contact us. We’re open Monday to Friday (9AM to 5PM) and Saturday (by appointment only)

Your home may be repossessed if you do not keep up repayments on your mortgage.

Request a Call Back

Would you like to speak to one of our advisors over the phone? Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.

For Businesses: Do you have questions about how our advisors can help your company? Send Amanda an email and she will get in touch or phone 0121 448 0161 between 09:00 and 17:00 on Monday to Friday and she will be delighted to have a chat with you.

Note: Your details are kept strictly confidential as per our Privacy Policy. A link to this can be found in the footer. By submitting your information you agree that you have read this and that you agree to its contents.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Factors to Consider Before Getting a Mortgage

Before getting to involved in the process of obtaining a mortgage, there are several things to consider. Your credit score and history, your deposit and income all play a big role in determining your eligibility for a mortgage and which lenders maybe able to assist.

The Mortgage Application Process

Securing a mortgage involves various steps, starting with an affordability check, assuming this is all ok, it is onto an agreement in principle. Once this is accepted and once you have found a property it is only a formal application. Sounds lengthy…. But we arrange all of this for you.

Understanding Mortgage Rates

Mortgage rates are constantly changing and the types of rate offered varies from lender to lender. Terms such as fixed, discounted, tracker, offset etc are probably terms you have heard. Well part of our role is explaining what they all do and the pros and cons of each.

Mortgage Terms and Definitions

At SJ Financial Solutions, we understand that mortgage terms and definitions can often sound a lot like double dutch to anyone who doesn't work in the industry. That's why we're here to advise you accordingly, translate into English and to answer any questions you might have.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Frequently Asked Questions

What is the difference between a fixed-rate and a variable-rate mortgage?

A fixed-rate mortgage offers a set interest rate for a predetermined period, providing stability in monthly payments. In contrast, a variable-rate mortgage's interest rate can fluctuate based on market conditions, potentially leading to changes in monthly payments.

How does the Bank of England base rate affect mortgage rates in the UK?

The Bank of England base rate influences mortgage rates in the UK, as lenders often adjust their rates in response to changes in the base rate. When the base rate decreases, mortgage rates may also decrease, making borrowing more affordable for homeowners.

What is a mortgage in principle (MIP), and how does it differ from a mortgage offer?

A mortgage in principle (MIP), also known as a decision in principle (DIP) or agreement in principle (AIP), is a preliminary indication from a lender of the amount they may be willing to lend you based on basic financial information. A mortgage offer, on the other hand, is a formal agreement to lend a specific amount for a property purchase, subject to valuation and other checks.

Customer Testimonials

Your home may be repossessed if you do not keep up repayments on your mortgage.