FAQ's

Frequently asked questions

First Time buyers

One of the things many first time buyers worry most about is applying for a mortgage. With so many factors to consider it can be difficult to know where to begin when looking for your first mortgage.

Drummonds Finance Group makes it easy for first-time buyers to choose the right mortgage. We are specialists in providing mortgage advice to first time buyers.

We have access to first-time buyer mortgages from a wide range of lenders so it’s one less thing for you to worry about.

Purchasing or Moving Home

We can guide you through the process and offer expert mortgage advice specific to your circumstances.

Drummonds Finance Group makes it easy for people moving house. From working out how much you could borrow, completing all the paperwork, to picking up the keys to your new home, we’ll be there every step of the way.

We will discuss your personal circumstances with you, including such areas as, your income, outgoings, future plans and savings. From this, we can determine the most appropriate new mortgage for you, give you an indication of how much you can borrow and the level of purchase price you can afford

Remortgage

Protection Against Rate Rises

Releasing Equity

For those that have built up equity in their home, remortgaging can be an attractive option. It can release funds to extend your home, or undertake other home improvements, or it may offer a method to pay off other debts, such as loans and credit cards, that have higher rates of interest.

Your current deal is about to end soon

It could be beneficial to review your mortgage at this point to avoid paying your current lenders high standard variable rates.

Buy To Let

Whether you’re an accidental landlord, buying your first investment property or you already have a portfolio of properties, we’re here to help you build your future nest egg.

Increased buy to let regulation, and subsequent complex lender criteria has made it vital that you get professional advice.

At Drummonds Finance Group we have extensive experience and knowledge in this area as well as access to mortgages from a wide range of lenders so it’s one less thing for you to worry about. If you need advice in this area, and you want to move fast, then get in touch now, either fill in our enquiry form or give us a call.

Right To Buy

Your home could be a valuable asset for you and your family and an investment for the future. Home ownership could give you more freedom to make the changes you want to your home.

Drummonds Finance Group are on hand to provide expert advice on the right mortgage product to assist with your purchase. We can help you by confirming your eligibility for a mortgage and talking you through the process of buying your home.

Shared Ownership

Are you finding it difficult to get on the property ladder? It could be that your earnings are not high enough to enable you to obtain a mortgage which is sufficient to buy a property or the high cost of renting means that you just don’t have any spare money to put away for the huge deposit needed. The answer could be a shared ownership mortgage. The shared ownership mortgage scheme works by property buyers ‘sharing’ the ownership of the property.

Commercial

A commercial mortgage can be used to buy property (or land) that will be used for business purposes. This service is by referral only

Adverse / Poor credit

Maybe you have applied for a mortgage with your bank and failed the credit score.

The good news is that there are mortgages available for people with a bad credit rating if you know where to look.

At Drummonds Finance Group we have access to over 90 lenders, some of which are not available on the high street. Some of our lenders specialise in considering your personal circumstances where other other lenders will not lend.