Malvern View Mortgages Ltd

Mortgage and Insurance Consultants

Mortgages


Personal Service for Personal Circumstances

Insurances


Personal Service for Personal Circumstances

Additional Services


Personal Service for Personal Circumstances

Contact us


Personal Service for Personal Circumstances

  • 2 Bowler Road, Tewkesbury, Glos. UK

F.A.Q's


Personal Service for Personal Circumstances

Getting a mortgage is one of the biggest financial decisions you’ll make, so it’s important to get it right.

This starts with choosing a mortgage consultant that you feel comfortable with, trust and will spend the time with you to explain the process and any questions you may have.

We pride ourselves on our customer service which means:
* Only one adviser will manage your case from start to completion and they will always be your point of contact.
* We offer flexible online video appointments to fit in with your busy schedule 7 days a week and outside of normal working hours if required.
* Available to help with other house buying requirements such as; no obligation conveyancing quotes, mortgage protection advice & home insurance.
* We will always be open and transparent with our advice, providing you with evidence of our research results and a suitability letter that explains why we've recommended a specific Lender or Insurance company.

The mortgage market is incredibly competitive, it can be hard to understand what exactly is on offer and if any specific mortgage would be suitable for you. There are many different providers and a wide range of products and rates available which can soon become confusing.

We’ll assess the level of mortgage repayments you can afford, by looking at your income as well as your debt repayments and day-to-day spending. This means you'll end up with a mortgage that suits your specific circumstances.

There are three main types of mortgage adviser:
  • Some are tied to a specific lender
  • Some look at deals from a limited list of lenders, and
  • Some check the whole market for a wide range of products
Malvern View Mortgages are Independent and Whole of Market.

In addition all mortgage advisers must offer you advice when recommending the most suitable mortgage for you and provide you with a "Suitability Letter" that explains why you've been recommended your specific mortgage.

This means you’re protected and you can complain to the Financial Ombudsman if things go wrong.

If you have any questions or would like to arrange a no obligation chat, please click here or use one of the icon links at the top of the page.








Yes we are Independent and Whole of Market.

If you have any questions or would like to arrange a no obligation chat, please click here or use one of the icon links at the top of the page.


Our Mortgage & Insurance services can be broken down into Three Steps;

STEP 1. The Fact Find: 
This is where normally we would visit your home and complete a questionnaire that allows us to fully understand your needs and requirements. However, recent events means that we will conduct our meetings via a video chat method of your choice, verifying any documents you've provided us at the same time.

STEP 2. The Presentation:
Once we've collated all the information, we'll research the 'whole of the market' using your specific details and return to present our recommendation.
This includes a detailed illustration that includes the benefits, costs and exclusions of the mortgage / insurance recommended.
Your adviser will take the time to go through this document and answer any questions you may have.

STEP 3. The Application:
Only if you're happy with the recommendation would we complete the application with the specified Lender / Insurer for you.

We won't leave you their either, we'll always be on hand to support you and answer any questions you may have during the process and in the future.

Mortgage Advice Fees:
* Steps One & Two are FREE and without obligation to proceed to an application.
* After Step Three and the application has been completed we would invoice you a fixed fee of £149
(Please note that Buy to Let Applications are £249)
(we'll also get paid a commission from the Lender which is fully disclosed in the illustration presentation in Step 2.)

Insurance Advice Fees:
* There are NO FEES payable by you at any point as the commission from the Insurer covers our costs.

If you have any questions or would like to arrange a no obligation chat, please click here or use one of the icon links at the top of the page.









This can be a tricky one as Lenders don't just use income multiples anymore to calculate the maximum they'll lend.

As a very general rule multiply your salaries by 4.5 and you'll get a rough idea of how much you may get.

Example 1: (single applicant)
Annual Salary is £35,000. multiply by 4.5 and you may achieve a max mortgage of approximately £157,500.

Example 2: (joint applicants)
1st applicants Annual Salary is £35,000 plus 2nd Applicants Salary is £19,000.
Total Income: £54,000 x4.5 = £243,000 possible max mortgage.

Example 3: (joint applicants have £400 per month worth of loans between them)
Any committed expenditure such as loans would be deducted as part of the affordability assessment.
So using the same salary figures in Example Two and Monthly loan commitments of £400 which equals £4800 per year your maximum mortgage may be reduced to £221,400.
(£54,000 joint income minus £4,800 annual loan commitments = £49,200 x4.5)


Please Note: We find these figures can vary significantly once a full affordability assessment has been completed.

If you have any questions or would like to arrange a no obligation chat, please click here or use one of the icon links at the top of the page.





If you're only thinking about buying a property at the moment you may want to consider getting mortgage fit now.
So when you're ready, so are your finances.

LOOK AFTER YOUR CREDIT SCORE
There isn’t a specific credit score you need for a mortgage, and that’s because there isn’t just one credit score.
When you make an application for a mortgage or other type of credit, lenders work out a credit score for you. This is to help them decide if they think you’ll be a risk worth taking - if you’ll be a responsible, reliable borrower and likely to repay the debt. Usually, a higher score means you’re seen as lower risk – the more points you score, the more chance you have of being accepted for a mortgage, and at better rates.
Most Credit Score reference agencies will provide you with top tips to repair and maintain a good score.

SAVE YOUR DEPOSIT
Before looking at properties, you need to save for a deposit. Generally, you need to try to save at least 5% to 20% of the cost of the home you would like.
For example, if you want to buy a home costing £150,000, you’ll need to save at least £7,500 (5%).
Saving more than 5% will give you access to a wider range of cheaper mortgages available on the market.

KNOW THE POSSIBLE COSTS
Apart from your monthly mortgage payments, there are others costs when buying a home.
These include:
  • Survey costs
  • Solicitor’s fee
  • Removal costs
  • Buildings insurance
  • Initial furnishing and decorating costs
  • Mortgage arrangement and valuation fees; and
  • Stamp Duty (Land and buildings Transaction Tax in Scotland, or Land Transaction Tax in Wales).
First-time-buyers will pay no Stamp Duty on the first £300,000 for properties worth up to £500,000.

WORK OUT YOUR BUDGET
When you have your own home there's lots to think about and unfortunately lots of bills to pay.
Working out your budget now will help you get prepared for the future.
The Money Advice Service has a great online tool that will help.
https://www.moneyadviceservice.org.uk/en/tools/house-buying/mortgage-affordability-calculator

ENSURE ALL YOUR DOCUMENTS HAVE THE SAME ADDRESS
We all move around and sometimes forget to update our address's on various accounts. Several different addresses in your name may affect you credit score so take the time ensure they're all the same and ensure your registered voting address matches up on the electoral role.

MAKE SURE YOU PHOTO IDENTIFICATION IS VALID
If using a Driving Licence or Passport to help validate your identification make sure the details are correct and in date.

THINK CAREFULLY ABOUT APPLYING FOR NEW CREDIT
Remember any new credit agreement will count as "committed expenditure" and may reduce the amount a Lender will be willing provide as a mortgage.


If you have any questions or would like to arrange a no obligation chat, please click here or use one of the icon links at the top of the page.


After an introductory chat on the phone and before we would arrange our first appointment, there would be a few original documents you'd need to collate. They help us fully review your circumstances and affordability in order to provide you with appropriate advice.

They also enable us to start packaging your information to ensure a smooth and quick application process.

Ideally these include but aren't limited to:
* Latest 3 months payslips
* Latest 2 years P60’s (if available)
* Photo ID (passport or driving licence)
* Last 3 months bank statements accounts (current / savings etc)
* Max 3 month old utility bill or latest Council Tax Bill (if available)
* Proof of Deposit (if appropriate)
* SA302's (if self-employed)
* Business Accounts (if appropriate)
* Your Credit Report

If you have any questions or would like to arrange a no obligation chat, please click here or use one of the icon links at the top of the page.




As a firm regulated by the Financial Conduct Authority, we are supporting the ‘Treating Customers Fairly’ initiative. The TCF principle is that “a firm must pay due regard to the interests of its customers and treat them fairly”.

We aim to provide you with products that perform and our associated services are of high standard, if not, of acceptable standard as you would expect. We will also:-

* Clearly explain and provide you with our Key Facts about our services we offer, products, and our fees and charges.
* Cleary explain and provide you with our Terms of Business.
* Thorough fact-finding exercise about your circumstances, financial objectives, needs and preferences prior to recommending a mortgage product.
* Where you receive advice, the advice is suitable, affordable and takes account of your circumstances.
* Provide clear information and keep you appropriately informed before, during and after the point of sale.
* If you are unhappy with our service you will have access to our complaints procedure.

TCF is not just an initiative but integral to the way our firm carries out its day to day business and ensures that our customers are treated fairly.

To help us improve our services and ensure that you have been treated fairly, we will ask you to complete a TCF Feedback Form at the end of the process. Please be open and honest with us.

We look forward to receiving your feedback.

If you have any questions or would like to arrange a no obligation chat, please click here or use one of the icon links at the top of the page.


We do not charge you for any of our Ancillary Services but we would receive a varying commission from a provider for introducing you.

If you have any questions or would like to arrange a no obligation chat, please click here or use one of the icon links at the top of the page.


About


Our aim is to offer a Personal Service for Personal Circumstances

AboutAboutAbout

* Malvern View Mortgages Ltd is an Appointed Representative of Julian Harris Mortgages Ltd, which is authorised and regulated by the Financial Conduct Authority. (No 304155)
* Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
* The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients.
* Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk.


Summary of Services:
Malvern View Mortgages Ltd offers a Full Advice & Recommendation service, regulated by The Financial Conduct Authority.
It includes:
* 2 Free, no obligation meetings, to review your circumstances and present an FCA regulated recommendation. (This is not applicable to BTL's)
* Personal Face to Face meetings either in your own home or via video calling.
* Travelling to you, saving you time and money.
* Appointments available 7 days a week.
* £149 fixed fee only payable once a mortgage application has been completed. (£249 for Buy To Let)
* No Fee advice or application charge for personal insurances.
* Free referrals for all ancillary services


For our INTIAL DISCLOSURE DOCUMENTS and PRIVACY NOTICE please click on  "Terms" & "Privacy" below.