MG Mortgages
First-time buyer mortgages are specially designed for individuals who are entering the property market for the first time. These mortgages often come with unique features and benefits to support those taking their initial steps on the homeownership journey. As a first-time buyer, you may be eligible for government schemes and incentives aimed at making the home-buying process more accessible.
A remortgage involves switching your existing mortgage to a new deal, either with your current lender or a different one. People often choose to remortgage for various reasons, such as reducing monthly payments, releasing equity for home improvements, or securing a lower interest rate.
Home Mover Mortgages are specifically tailored for individuals looking to move from one property to another. These mortgages consider factors such as the equity you have in your current property and the cost of the new home. Our expert brokers will guide you through the intricacies of these mortgages, ensuring you have a comprehensive understanding of the terms and conditions.
A Buy to Let Mortgage is a loan specifically designed for individuals looking to purchase a property with the intention of letting it out to tenants. Unlike a residential mortgage, Buy to Let Mortgages are tailored to the needs of property investors, taking into account potential rental income and the overall investment strategy.
Being self-employed comes with its own set of challenges, and obtaining a mortgage is often perceived as one of the trickier aspects. Traditional lenders may raise eyebrows at irregular income patterns or lack of payslips, but that doesn’t mean you’re excluded from the property market. In fact, many lenders now recognise the growing population of self-employed individuals and offer tailored solutions.
Contractors often face hurdles when trying to secure a mortgage. Traditional lenders may be hesitant due to irregular income patterns or the perception of job instability. At MG Mortgages, we recognise that contractors bring valuable skills and expertise to the workforce, and we believe homeownership should be accessible to everyone, regardless of employment structure. We understand the intricacies of your financial situation and work closely with you to find mortgage products that align with your unique needs.
We understand that Doctors with their commitment to healing and saving lives, often face financial challenges that differ from those in other professions. Traditional mortgage lenders may struggle to comprehend the intricacies of a doctor’s income, which can include a combination of a base salary, bonuses, and private practise earnings. At MG Mortgages, we recognise the inherent stability and earning potential that comes with a career as a Doctor.
Teachers play a crucial role in shaping the future, yet navigating the mortgage market can be a daunting task. Many lenders may not fully understand the specifics of a teacher’s income structure, which often includes additional allowances and benefits. This lack of understanding can result in less favourable mortgage terms or even outright rejection. At MG Mortgages, we take the time to understand your individual circumstances, ensuring that you receive personalised advice that aligns with your goals and financial capacity.