Mortgages - Residential and Commercial
Mortgages
Whatever your requirements are for taking out a mortgage, whether it is for Residential or Commercial purchase, Re-mortgage, Buy To let, Second Charge Lending, Equity Release, Development Finance or Short Term Bridging Finance, we can offer Residential mortgages from the Whole of Market and Commercial mortgages from a wide panel of providers. Here at Black Jaguar Financial Services we have access to a wide range of UK lenders, which in turn means you have exceptional choice when deciding which mortgage best suits your needs.
And with regard to your own ‘Attitude to Risk’, in relation to your mortgage payments, you can fix your payments, if you feel a degree of uncertainty about the current economic environment and whether or not, you believe Bank of England.
But of course it’s not just about interest rates and the cheapest mortgage payment available.
With the advent of the Covid-19 pandemic, lenders are at a higher risk and therefore are placing more emphasis than ever on Mortgage Underwriting, as they did during the economic crash of 2008. You have to have an appreciation of the strict changes made to the underwriting process and the information and fine detail that lenders are now looking for when you submit a mortgage application for approval. Black Jaguar Financial Services has such an appreciation.
But there are some positives in the mortgage marketplace. We are seeing the re-emergence of ‘Adverse Credit' and ‘High Loan to Value’ mortgages. These key changes can only be good news for borrowers and Black Jaguar Financial Services alike, when taking an application through to a successful completion.
Also, UK house prices have been rising steadily in recent times, which is good news for borrowers who may wish to re-mortgage etc, or sell their home.
Residential
Home purchase and re-mortgage
We offer a wide range of low interest rate mortgages, with or without early redemption penalties, higher loan amounts, overpayment flexibility, payment holidays, free valuation, legals and ‘Help to Buy’.
So whether you want to buy a new home or release funds from the equity of your home by way of a Re-mortgage or 2nd Charge mortgage, we will process your enquiry as seamlessly as possible and in many cases, will obtain an ‘Agreement in Principle, for you, within 30 minutes.
Please note:
A Second Charge Mortgage may be a more suitable, lending alternative than a Re-mortgage, as it sits below the 1st charge mortgage on the Mortgage Deed, thus protecting the 1st charge mortgage features and benefits and from an early redemption penalty.
Lifetime Equity Release
Are you retired or thinking about retiring?
Then why not release some of the equity from your home and enjoy a happy and long, stress free retirement? Travel the World; Buy a New Car, Help the Children, the list is endless!
Remember, £250,000 of home equity for example, is just an illusion and has absolutely no value unless you use it!
Taking out a ‘Lifetime Equity Release’ mortgage is the ideal way of releasing funds from your property as you have the option to never have to make a repayment on the loan, because the capital and interest can be rolled up. The loan only becomes repayable on death or with long-term care. And of course you still own your own home!
Black Jaguar Financial Services has a strong range of ‘Lifetime Equity Release’ products available at competitive rates of interest, but a fairly rigid application process is necessary, because it is an area of specialist lending. As applicants, you need to have a thorough understanding of this type of scheme, how it works and the positives and negatives of taking out such a scheme i.e., your intended beneficiaries of the remainder of your ‘Estate’ will receive a little less.
The process of releasing money from your home is not complicated, is very transparent and more importantly, safeguarding measures are written into the mortgage contract that protect you from House Repossession or ‘Negative Equity’ (i.e., you owe more than your property is worth).
HOW MUCH MONEY COULD YOU RELEASE TODAY?
Secured and Unsecured Personal Loans
If you are seeking fast, more short-term finance, for a whole variety of reasons, we have a range of competitive, Secured and Unsecured Personal Loans available. Applying for a Secured Loan has more chance of success than the unsecured route, simply because you are offering a security against the loan, generally a legal charge being placed on your property, by the loan provider, which mitigates them against the risk they have taken.
However the Unsecured Personal Loan Market is active and if an application has strong, supporting factors behind it, such as a secure employment history, positive affordability, excellent credit, and a non over-commitment of current credit commitments, then the chances of been approved for a loan are significantly increased and more so, if you can provide a ‘Guarantor’, (i.e. someone willing to make the loan payment if your circumstances change and you are unable to do so).
Commercial
There are so many aspects to commercial lending and it is a little more complex than residential, but the basic principles are the same. However, the Loan to value offered, is generally a lot lower and pitched at around the 70% mark, subject to the type of proposal been submitted.
Submitting a case to one of our top providers, for Purchase or Re-mortgage Approval, requires a lot of business detail and background information to be given, so packaging and understanding a case, thoroughly and concisely from the outset is of paramount importance. Support for the client is key here, and we will be by your side every step of the way, until we get your proposal successfully over the line.
So we have partnered up with Commercial specialist, Ascent Partners of Mayfair, London, who also have a Yorkshire presence and who live and breathe Commercial lending.
So whether you want to Set up a New Business, Buy a Business, Expand a Business, Buy New Business Assets, Build or Re-mortgage a Buy to Let Residential Property Portfolio, or find yourself financially stuck between deals and require Bridging Finance, or you have been Financially Impacted by Covid-19 and require help with Invoice Factoring and Tax Bill Funding, we have all the commercial funding Solutions available to you.
And for the Property Developer focused on building private, 100% residential or semi commercial, apartment blocks for rental or immediate sale, residential housing estates or commercial units, which will produce very healthy returns and profit, Ascent Partners, UK and New York Development Finance, lending arms, have competitively priced Development Finance. It’s geared to finance every stage of construction, until completion, whereupon we can then offer conventional re-mortgage terms, if immediate sale is not your intention..
Also, the Director of Ascent Partners, who has designed, planned, built, rented and sold his own developments, carries a wealth of experience in the commercial field and such experience creates opportunity for others, hence a certain, existing UK Property Development Fund, whose management team, actively purchase, new and existing, investment blocks of apartments, have given direct authority and fund access to the Director, to research, find and to continue to purchase such developments, on their behalf, subject to their buying criteria.
This gives property developers an opportunity of an immediate, exit selling strategy for new developments and for existing ones, an option to sell. Also available but subject to availability, are ‘Oven Ready Deals’, from Ascent Partners. Basically, you can purchase a fully packaged development project, complete with site, design, full planning consents, finance and exit strategy.
