Holiday Homes

Holiday Let mortgages can be harder to arrange and are generally excluded from standard buy-to-let mortgage schemes. Many lenders will not lend on a property that will be used and let out as a holiday home. Fortunately though, here at Watts Mortgage & Financial Services, we know the lenders that do like holiday let mortgages and second property mortgages.

We have many years experience in arranging Holiday Let finance. So if you would like to know more, simply call 01270 620555 or or email us at .(JavaScript must be enabled to view this email address) and let one of our team of qualified Advisors talk you through the best options for your circumstances.

Overseas Lending

For many UK investors, purchasing overseas property is becoming increasingly popular. Finding the best ‘deals’ from UK property is getting harder, so some investors are looking further a-field to find the next big opportunity.

The more familiar territories such as Spain and France continue to remain very popular, but investors are becoming braver and venturing into new territories such as Eastern Europe, South Africa, China to name but a few.

In the UK we are used to a wide choice of mortgages, however most overseas markets are nowhere near as developed and it is important that you get the best advice from specialists when considering an overseas purchase. If you are interested in overseas lending, contact one of our team of Advisers on 01270 620555 or email us at .(JavaScript must be enabled to view this email address) and we will help you to find the right solution.

Changes in the exchange rate may increase the sterling equivalent of your debt.

Home Improvements

Interested in improving your home? Whether that is some general modernisation, a proposed extension, or some essential repairs that you need to get done, we have a solution for you.

Here at Watts we deal with a vast amount of lenders so we can help you with borrowing further monies whether that be with your existing lender or whether you need to consider moving your mortgage to a new lender.

We know their lending limits, income requirements, and simply how long it will take for you to get the monies you need to get the work started, and our team of Advisors are there to guide you through the entire process.

So want to get started then simply call us on 01270 620555, or email us at .(JavaScript must be enabled to view this email address) and we’ll help you to make it happen.

Secured Lending

Secured loans or second mortgages can be an alternative to re-mortgaging. Secured loans can provide funds to those who would be penalised for redeeming a mortgage early or would have to accept a higher interest rate because of adverse credit or changes of circumstances generally.

Secured Loans can be used to consolidate debts to help reduce outgoings, or to carry out home improvements on your property however it is vitally important that you get Independent Mortgage Advice before considering a secured loan.

Our qualified team can explain to you in detail, how secured loans are calculated, the lenders requirements, and how the legal process works. So call us today and one of our team will be in contact with you soon.

Always get independent advice on these products! To speak to one of our independent FSA (Financial Services Authority) regulated mortgage advisors now call 01270 620555 or email us at .(JavaScript must be enabled to view this email address)

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.

Commercial

For commercial mortgage business we would like to introduce you to our sister company, Watts Commercial Finance Ltd.

Watts Commercial Finance Ltd. can arrange mortgages for any circumstance, e.g. new start-ups, buy-to-lets, debt consolidation, raising capital or expanding business premises or interests.

A commercial mortgage is often the best and most flexible way to finance the purchase of a business. Unlike residential mortgages, commercial loans can be used for a variety of purposes, including purchasing business premises; expanding and property development.

There are two main types of commercial mortgage: Owner Occupier and Commercial Investment. Pricing models can be complex and our lenders will consider a number of factors such as the security available, financial projections, clients experience and business type.

Watts Commercial Finance Ltd. have experts who will work with you to tailor your requirements to meet your objectives and can guide you through this minefield to ensure you get the most appropriate deal for you.

Self-build

For most people getting their finances in order is an important starting point for their self build project. If you need to borrow money then finding the right mortgage for your build project is crucial to ensuring the success of the project.

A mortgage for a self build differs from a mortgage you would use to buy a house because with a self build mortgage the money is released in stages as the build progresses. There are however different ways in which this money can be released and the advice we will give you will depend on your own particular circumstances. This is why it is important to discuss your options as early in your project as possible with one of our qualified Mortgage Advisors here at Watts.

Every self build project has identifiable stages from the initial digging of the foundations to the final fix and at each stage the value of the build increases. The following chart shows the typical stages in a traditional brick & block construction.

Stage	Brick & Block
1	Purchase of land
2	Preliminary costs & foundations
3	Wall plate level
4	Wind & watertight
5	First fix & plastering
6	Second fix to completion

For further information contact one of our team of specialists on 01270 620555 or email on .(JavaScript must be enabled to view this email address), they will be more than happy to discuss the best options for your self build project.

Buy-to-Let

One of the most profitable long-term investments can be purchasing property. Buying a property to let has the opportunity of providing an income in the form of rent. It may also be an asset that can increase in value over the longer term. Since not everyone has the income required to purchase rental properties outright, buy to let mortgages makes this opportunity feasible.

Buy to let mortgages are ideal for property investors. There are a few differences in a traditional mortgage and a buy to let mortgage. With a buy to let mortgage, the income received from rent is used to make the mortgage payments. The monthly rental income usually pays for the mortgage and the income received from the rental property is figured in to the borrower’s ability to repay the mortgage.

The long term benefits of a Buy To Let Property are that after the mortgage is completely paid, the property is yours, as an investor you could choose to continue to rent the property for the monthly income and if you choose to do this the income belongs to you. At this time you may also decide to sell your investment for the benefit of a lump sum of money.

However, Buy to Let is not without its risks. While history has shown that in the long-term house prices do outstrip inflation, there have been periods of significant house price falls. Rental Income can also vary and may be less than expected, and therefore careful choice of location and property is needed.

Make sure you obtain professional advice from Watts Mortgage & Financial Services Ltd prior to deciding how to proceed with a buy to let mortgage. Our team of specialist advisors have a wealth of experience dealing with clients who may purchase one or two properties to clients who have large portfolios, so whatever your need is today call one of or team and one of our Team will contact you directly.

Remortgages

We can search the WHOLE UK MARKET to get you quotes from all the High Street lenders such as Abbey National, The Woolwich, Nationwide, NatWest etc. We will quickly find you the CHEAPEST deals, possibly saving you £‘s over the term of the mortgage.

There’s still plenty of great mortgage deals out there if you know where to look.

Always seek independent advice when considering your mortgages options. We will access the whole market to find you the best product for your circumstances.

You no doubt want to ensure you get a better mortgage deal than the one you have. Whether you’ve just come out of a tie in (fixed rate, low start) or are looking to raise capital for any purpose we will give you best advice. That advice may be to stay with your current lender. Many lenders are now offering very attractive deals, but are they what they seem?

We can compare these deals for you and advise whether there are any unfair charges or tie in periods that may not be apparent to you. What if you need to raise cash or want to sell your house quickly? Many people have found they are prevented from doing this or subject to early repayment charges (of several thousand pounds) when presented with this scenario.

Home Movers

Buying a house is the most important and probably the largest investment you will make. Whether you are a first time buyer looking to get on the property ladder or a seasoned home owner looking to move home, your mortgage will probably be the most important financial decision you will ever make. But with so many factors to consider it can be difficult to know where to begin.

Watts Mortgage & Financial Services Ltd have access to the whole mortgage market and can get you a great deal when you are looking to purchase a property. We deal with all lenders and have many exclusive packages available to us.

We will help to guide you through the process, and ensure that the mortgage you choose is affordable to you both now and in the future. Interested in moving house then one of our team are on hand to speak with you or simply complete the enquiry form below and one of our team will contact you directly.

First-time Buyers

Buying a house is the most important and probably the largest investment you will make. As a first time buyer looking to get on the property ladder, your mortgage will probably be the most important financial decision you will ever make. But with so many factors to consider it can be difficult to know where to begin. Watts Mortgage & Financial Services Ltd have access to the whole mortgage market and can get you a great deal when you are looking to purchase a property.

We deal with all lenders and have many exclusive packages available to us. We will help to guide you through the process, and ensure that the mortgage you choose is affordable to you both now and in the future. One of our team are on hand to speak with you or simply complete the enquiry form below and one of our team will contact you directly. However, you need to get a mortgage and lenders are being pretty picky about who they lend to and you need to consider the following:-

Always get independent advice from an FSA (Financial Services Authority) regulated broker like us. This will not cost you anything as we offer a free first time buyer consultation and we are not tied to any lender so will be able to help you look at the whole market to find the best deal.
Ask questions. Are there tie-ins, what fees do you have to pay, how much can you borrow etc etc?
Try to get as large a deposit as you can (can your relatives help you out?) as this will help you get a better deal at a lower interest rate. Anything considered slightly risky by the lenders, uncluding high LTV (loan to value) will go against you.
Don’t make multiple applications to lenders. If each lender does a credit search this will affect your credit rating and possibly preclude you from some of the more attractive deals and end up costing you money.
Don’t borrow more than you need to and keep within your means (the most important factor being that you do not overstretch yourself on the mortgage payments).
Resist the temptation of going for any ‘incentives’ like a cashback or low start mortgage. The banks, building societies and lenders are not charities and these incentives are there to lure you into ‘buying’ their products and inevitably this will cost you in the long term.
A repayment mortgage is always a better option than an interest only mortage. Although an interst only mortgage means lower monthly payments how are you going to pay off the loan at the end of the term?

Your property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

Make an enquiry

Required fields *

You choose how we get paid:

Your initial mortgage consultation is obligation free. There will be a fee for mortgage advice of £495 of which £95 is payable when you apply, and we retain the commission from the mortgage lender. Alternatively, you can choose the fee only option which is typically 1% of the amount borrowed. The precise amount will depend on your circumstances and mortgage loan amount, and will be discussed and agreed before you make a mortgage application.

Testimonial

“As a property developer it is paramount to me that the people I deal with always provide me with a first class service. Andrew and his team at Watts have always delivered on this, providing me with expert advice in a professional and efficient manner.” Mr J Beeson

Watts Commercial
Finance

We also deal
with commercial
finance through
our sister
company

Show me more!

No Obligations
Quote

Simply fill in our
contact form
and we’ll call
you back!

Contact page