Mortgage help from London's premier mortgage broker

Rising UK mortgage payments and and high interest rates are making front page news, pressuring the finances of millions of borrowers in Britain and triggering a surge of uncertainty about just how high mortgage repayments will become. If you are looking to get more information and help on mortgages during these uncertain times, then we are here to provide a range of options to help to you navigate the changing market. 

Whether you're a first-time buyer looking to enter the property market or a homeowner faced with remortgaging in the near future, our experienced team is dedicated to guiding you through the current landscape with professionalism and care. We are committed to helping you find the best mortgage solution that aligns with your needs and financial circumstances.

What is the best mortgage help?

The best mortgage help is to consult with a independent mortgage professional who can provide personalised advice based on your unique financial situation. They can help you understand your options, navigate the process, and find the best mortgage rate solution for your needs.

What other mortgage help is available?

Government help has been deployed in the form of the Mortgage Charter which is a package of measures drawn up in response to the spiralling costs of home loans. The new rules within the Mortgage Charter aim to protect homeowners from financial harm for up to six years, helping to keep arrears down during times of escalating bills. The Charter's focus is on supporting two specific groups: those at real risk of losing their homes due to falling behind in mortgage payments and homeowners seeking practical solutions amid financial uncertainties.

Following the Chancellor's meeting with mortgage lenders, 90% of lenders signed up to the Mortgage Charter. This offers new opportunities for homeowners, especially those looking to remortgage. If you are worried about your mortgage repayments, don't hesitate to contact us for help and guidance without affecting your credit file.

Can I get any help with my mortgage?

Here are some key aspects of mortgage support we can provide, backed by the Mortgage Charter:

• Seamless switching to new mortgage deals - customers who are up-to-date with payments can switch to a new mortgage deal at the end of their existing fixed-rate deal without another affordability check. This provides flexibility and ease in finding a suitable mortgage option.

• Tailored support for struggling customers - lenders will provide tailored support for customers facing financial difficulties. This support may include options like extending the mortgage term to reduce monthly payments, switching to interest-only payments temporarily, or exploring other viable alternatives based on individual circumstances.

• Protection from forced home repossession - from 26th June 2023, borrowers will not be forced to leave their homes without their consent, except in exceptional circumstances, for up to a year from their first missed payment. This offers reassurance and protection for homeowners facing financial challenges.

• Advance lock-In of new deals - if you are approaching the end of a fixed-rate deal, you will have the opportunity to lock in a new deal up to six months ahead, so the earlier you start talking to us, the better prepared you will be to deal with a new mortgage rate. From 10th July 2023, you can also manage a new deal and look out for better like-for-like deals (if one is available) until your new term starts.

• Options for mortgage customers up-to-date with payments - borrowers who are up-to-date with their payments on their current deal have the option to switch to interest-only payments for six months or extend their mortgage term to reduce monthly payments. The latter provides the flexibility to revert to the original term within six months, without affecting their credit score.

It is essential to note that these options apply to residential mortgages and not buy-to-let mortgages.

Keep in mind that while these support measures can be beneficial in times of financial uncertainty, it's essential to carefully consider the impact on monthly payments and overall costs over the life of the mortgage. Should you wish to permanently convert to an interest-only mortgage or extend the term of your mortgage beyond your expected retirement date, affordability checks may be required.

Why choose Skyline Mortgages to help you find a new mortgage deal?

• Expert Guidance

  Our years of experience serving clients in the heart of London make us the premier mortgage broker for mortgage help. We know the local property market inside out and can provide invaluable insights to make informed decisions.

• Personalised Solutions

  We understand that everyone's financial situation is unique. Our dedicated advisors will take the time to listen to your goals, preferences, and financial circumstances. We'll then craft a personalised mortgage solution that suits you best.

• Extensive Lender Network

  As a trusted mortgage broker, we have fostered strong relationships with various lenders, including major banks and niche providers. This expansive network ensures we have access to exclusive mortgage deals not available on the high street.

• Effortless Application Process

  We believe getting mortgage help should be easy. Our streamlined application process simplifies the paperwork, making it stress-free and time-efficient.

Helping you choose the right mortgage for your circumstances

Selecting the most suitable mortgage type is crucial to your financial well-being. Our experts will assist you in making the right decision, taking into account your individual circumstances. Whether you're uncertain about going fixed, tracker, variable, extending the term, or considering interest-only options, we're here to guide you through the pros and cons of each choice. Our goal is to ensure you make an informed decision that aligns with both your current and future financial goals.

Our Mortgage Help Services:

First-Time Buyer Assistance

Buying your first home is exciting but can also be overwhelming. Our mortgage help for first-time buyers includes detailed explanations of the process, assistance with paperwork, and finding the right mortgage for your budget.

Moving Home Mortgages

When it's time to move to a new house, our team will ensure a smooth transition by helping you secure a suitable mortgage deal and managing the application process efficiently.

Remortgaging Solutions

Considering remortgaging? We'll review your current mortgage and financial situation to find better deals, potentially saving you money on monthly payments.

Buy-to-Let Mortgages

If you're planning to invest in the London property market, our buy-to-let mortgage help will guide you through the specific requirements and find the most profitable options.

Self-Employed Mortgages

We understand the unique challenges faced by self-employed individuals. Our mortgage help takes into account your income structure, making it easier to get approved.

Bad Credit

Don't let bad credit history discourage you from seeking mortgage help. Our advisors specialise in finding solutions for those with less-than-perfect credit.

Online Appointments

To make the process convenient for you, we offer online mortgage appointments. Discuss your requirements with our advisors from the comfort of your home or office. We'll gather essential information and provide initial guidance to kick-start your mortgage journey.

FAQs: Mortgage Help

Contact Skyline Mortgages today for reliable mortgage help in London.

Our expert team is ready to assist you on your homeownership journey.