Quick Mortgages From A Name You Can Trust
Mortgages for all the people of the UK
We Are Moving To A New Home
Our apologies for this, but at the last minute we have decided not to launch mortgages products on this site. Instead we are building a site dedicated to just mortgages, don't worry it will still part of the same "Quick" brand. Please check back shortly as it won't be long until it is live at QuickMortgages.co.uk
Ending The Mortgage Myths
There is mass confusion when it comes to Mortgage affordability rules. It is true that Mortgage lenders are no longer freely allowed to make their own decisions based on common sense. Here are the very basic fact checks
- You need to be over the age of 18.
- You do not need to be currently living in the UK.
- You can apply for a 100% mortgage, but nobody is currently offering them. The highest that we are aware of is a 95% LTV mortgage.
- There is NO maximum wage to earnings ratio. Some people are applying for and being approved for mortgages that are 6 times their current salary.
- Your income has to be verified, all SelfCert mortgages are now banned in the UK. There are no longer any loopholes.
About Quick Mortgages
There are so many mortgage options out there these days that it can often be mind-blowing when it comes to deciding which avenue to go down and which option to pick.
We are often blinded by technical jargon that nobody understands, and this ultimately leads people to enter into mortgage deals that they know very little about.
Our advice is simple. Make sure you understand everything in your mortgage contract before you sign. If there’s anything you don’t understand, you are advised to check with the bank or building society that you are dealing with and then get further advice from independent bodies. It may sound ridiculously over the top, but it is vitally important that you know the consequences of what you are signing.
Before any mortgage deal is entered into, you are advised to make sure you have assessed all options and are convinced that you are entering into the best agreement around. It should also be a deal that best suits your circumstances. Comparison sites are usually the best tool for this. You can select and input your personal and current status into the online form, and deals will come up directly linked to your current situation.
Mortgage calculators are also a good tool to utilise. They help you gauge just how much you can practically and realistically afford to borrow, and they will also give a clear indication as to what this will cost you per month in repayments. You can also play about with different repayment methods and establish the cheapest repayment option for you.
A mortgage will follow you around for the rest of your life, so it should be treated with respect and is something that you should be highly knowledgeable about.
Since a mortgage is hugely costly every month, many people try to pay more than the agreed repayment whenever they can, a wise move as it reduces the amount you owe quicker. Still, it is vitally important that you are aware that some lenders do not allow overpayments with extra charges.
Take this page as an example of why mortgage contracts shouldn’t be entered into lightly. Only when you understand the complete ins and outs of the mortgage deal should you sign on the dotted line.
Quick Mortgage FAQs
Why have you decided to launch mortgages on a new site?
This was a last minute decision. We were presented with the opportunity to purchase the domain name QuickMortgages.co.uk. It makes sense for us to split the businesses, one site for Loans and another for Mortgages.
It means a short delay in launching (August 2019) but it will be well worth it in the long run.
Are you the people behind SelfCert?
Sort of yes, it is important to stress that the new site will not be offering any Self Cert mortgages. Sadly those products are currently in the past.
With the UK leaving the EU, it makes those products no longer possible unless passporting agreements can be made between an independent United Kingdom and the European Union.
Technically we could still provide them, the rules haven't changed, but we don't want to bring a product that may only be available for a few months. Like many, we wish they would just sort out what is happening - deal or no deal.
Offering interest only or repayment mortgages?
Borrowers can apply for whatever type of mortgages they think that suits them best. Our aim is to provide applicants with whatever they want, not to tell them what we think is best.
In short, the answer is yes. There will be both interest only and repayment mortgages available.
We want to provide mortgages for those that can't get help from other providers.
Maximum Age For Mortgage Applicants?
We want to be able to offer mortgage products to borrowers who are at the upper end of the age scale. We know from the days of SelfCert.co.uk that some of the safest forms of lending are to this sector.
The decision to exclude borrowers on grounds of age is scandalous. Politicians should have told the FCA to keep their noses out of this market. They've shut down viable avenues for people to stay in their homes and it made us quite angry to hear some of the stories.
We will do as much as we can, but we don't want to assume the reputation of some kind of dodgy outfit that arranges mortgages for vulnerable people who then lose money or their home for whatever reason.