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Start the Journey to your first home

Why Use Simple Financial Planning ?

The Right Mortgage

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We have a wide range of lenders, including major banks, credit unions, and other national lenders that will instantly become accessible to you, ensuring that your specific needs are matched to the right mortgage.

Whole of Market

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Allows us to ensure that we are not restricted in Mortgage Lenders we compare to match your needs. This also means we are not biased from one insurance company to another

Dedicated Advisor and Case Manager

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We value keeping you informed along the way. A dedicated advisor and case manager will be assigned to you to keep you informed throughout the complete process

Our Partners

Questions?

If you have some questions, maybe we've already answered them for you

  • Can I get a loan for my mortgage deposit?

    Although it is possible to use an unsecured personal loan, or credit card loan to boost your deposit, this is a risky decision. Not only are mortgage lenders less likely to approve applications that require the use of a loan to pay for the deposit, but the amount you’re allowed to borrow may also be reduced because your outgoing expenses will be greater.


    Similarly, as a first-time buyer, borrowing extra money for a deposit on top of paying for your mortgage can add another layer of financial risk to your lifestyle during an already turbulent time.


    Recent government efforts to encourage home-ownership have created an exception to this rule. The Help to Buy Equity Loan scheme offers a comparatively low-risk loan for first-time buyers looking at new-build homes.


    The government will lend you up to 20% of the cost of your new build home and you won’t be charged any loan fees on this sum during the first five years of owning your new property. Interest rates do come into force after this point, but they are lower than many commercial rates

  • How much can I borrow?

    All lenders have affordability criteria’s. We can assess which lender can best suit your needs. Following the market mortgage review.


    However, following the Mortgage Market Review (MMR) by the Financial Conduct Authority – the regulator for financial services in the UK – lenders are now also obliged to take into account your personal expenses so that they only lend what you can really afford to pay back.


    If you have other debts to pay, high bills, or other outgoings such as childcare, then you will be able to borrow less.

  • How will lenders decide if I am eligible for a mortgage?

    Lenders are under strict regulatory obligations to ensure that they only lend to borrowers who can reasonably afford to pay it back. Under new rules imposed by the Financial Conduct Authority they will not only check your income and weigh up whether you have had any financial difficulties in the past, they will also look at your other spending commitments such as other loans, childcare and even your usual entertainment budget.


    As with most financial products, lenders will consult your credit profile and assess how you’ve fared with financial products in the past. This can determine not only whether or not you’ll be offered a mortgage, but also under what terms.

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