All banks and building societies have different “lending criteria” with many having particular strengths and weaknesses depending on their appetite for risk, such as self-employed income or those with adverse credit. In all cases, lenders will consider your income, credit profile, size of deposit and the amount of your disposable income after any commitments to determine your eligibility and affordability.
Advice on your mortgage options
Engaging the services of an experienced and well-connected mortgage broker could unlock a wider range of mortgage options and save you money.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Contact a James Leighton adviser for a personalised assessment of your options.
Get in touch
Get in touch
Access to a wide range of products
Welcome to our Nottingham-based mortgage brokerage, where we advise on a comprehensive range of residential mortgage products tailored to your needs. Our offerings include variable rate and tracker mortgages, which adjust with market fluctuations, and fixed-rate mortgages for predictable repayments.
We also provide specialised options like new build, enhanced cashback, offset and self-build mortgages for those with unique requirements. For existing homeowners looking for a remortgage, we can assist with switching lender, product transfers as well as further advances to allow you to leverage your home equity.
No matter your circumstances or the Loan to Value (LTV) ratio you’re aiming for, our experienced advisers are here to guide you every step of the way.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Standard variable and tracker mortgages
Standard variable rate mortgages and tracker mortgages are two types of mortgages where the interest rate may change over time. This means your monthly repayments can increase or decrease over the course of your mortgage terms.
Fixed rate and cashback mortgages
Fixed-rate mortgages have a fixed rate of interest for an initial period giving you peace of mind that your payment will not change during that time. Cash back mortgage products can be fixed or variable rate deals that offer an incentive cash amount payable on completion.
Offset and self-build mortgages
An offset mortgage allows you to link your cash savings with your mortgage. You benefit by only being charged interest on the difference between your savings and your total mortgage balance. You can usually choose between a lower payment or a shorter mortgage term. A self-build mortgage is a specialised mortgage product that allows you to raise money in stages to fund building your own home.
Second charge mortgages
A second charge mortgage, also known as a secured loan, allows you to borrow against the equity you've built up in your property. This type of loan can be a useful option for accessing money to fund home improvements or other financial needs.
Secured Loans are on a referral basis.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
The most common type of mortgage that means that each monthly payment is composed of both the interest due and a portion of the capital borrowed.
Which mortgage suits me?
The most suitable and beneficial mortgage for you can only be determined by assessing a range of personal requirements and preferences, as well as your long-term financial goals. You should consider consulting with a mortgage broker who is neutral and who will search the whole of market for mortgages rather than one who is aligned with certain lenders.
What about the future?
Choosing a mortgage isn’t just about the here and now; it’s also about your long-term financial future. Our mortgage advisers will consider all of your financial objectives when assessing you for a mortgage, so you can make informed decisions that benefit you and your family for years or even decades to come.
Assess your risk tolerance
Different types of mortgages come with varying degrees of certainty or risk. For example, the monthly repayments of variable rate and tracker mortgages can fluctuate between being cheaper or more expensive over time. Our advisers will assess your mortgage options based on your preferences and risk tolerance.
Helping you choose a mortgage suited to your needs
Our mortgage advisers work with clients across the country and offer a bespoke service as standard, recognising the individual requirements needed to match clients to the most suitable mortgage option. Taking a personalised approach to the process ensures clients are guided towards the most suitable and advantageous mortgages for their personal circumstances. We begin our personalised service with an in-depth assessment of your finances, situation, preferences and long-term goals. After analysing this information against the current market, we provide digestible information so you can make informed decisions with genuine benefits. We answer all of your questions throughout the process and ensure you avoid making costly mistakes. We are not aligned with any lender and will always consider the whole of market for mortgages to find you the most suitable mortgage option.
What factors determine mortgage eligibility?
What type of mortgage is most suitable?
There isn’t one type of mortgage that is better than others. The optimal mortgage for you can only be determined based on personal needs and preferences, as well as the current mortgage market which is influenced by the economy. To understand the most suitable mortgage options that are available right now, it’s worth engaging with one of our experienced mortgage brokers.
How can I pay off my mortgage quicker?
Most mortgages allow for some level of overpayment without incurring early repayment penalties, usually up to 10% of the outstanding balance each year, which will help to reduce the term of the mortgage. One alternative option could be an offset product that will allow you to link your savings to your mortgage to help reduce the term of the mortgage. Our advisers will discuss all of the options available to you.
is how much higher the average monthly mortgage payment is compared to last year*.
The average monthly mortgage payment for a semi-detached property in December 2022 was £1,262.
What our customers say
Kept us up to date with the whole process and have been so helpful! Would definitely recommend.