Telephone
01295 698600

Email
info@cherwellfs.co.uk

Ground Floor
Unit 15 Somerville Court
Trinity Way, Banbury Business Park
Adderbury, Oxfordshire
OX17 3SN

GET DIRECTIONS

Telephone
01295 698600

Email
info@cherwellfs.co.uk

Ground Floor
Unit 15 Somerville Court
Trinity Way, Banbury Business Park
Adderbury, Oxfordshire
OX17 3SN

GET DIRECTIONS
MORTGAGES

At Cherwell Financial Services we arrange mortgages for a wide variety of clients, with different needs and requirements, covering a very wide range of products, including:

  • First time buyers
  • Remortgages
  • Buy to let*
  • Commercial mortgages
  • Equity Release
  • Second Charge

WE WILL COLLECT INFORMATION ABOUT YOU
AND MAKE A RECOMMENDATION
BASED UPON YOUR CIRCUMSTANCES

If you are buying a property, re-mortgaging or looking to release funds to clear debts or for other purposes, the options available to you in the mortgage market are both vast and complex. There are many mortgage options available, only some of which will meet your needs.

At Cherwell Financial Services Ltd, we are not limited in the range of mortgages we will consider for you and can offer you advice on both first and second charge loans. We offer a comprehensive range of mortgages from across the market, but not deals that you can only obtain by going direct to a lender.

COMMERCIAL MORTGAGES

A commercial mortgage is any loan secured on property which is not your residence. Commercial mortgages generally take over where business loans finish. Business loans up to £25,000 are unsecured, but for larger amounts lenders need security in order to reduce the risk to themselves.

Because of the legal and administrative costs of taking security on commercial property it is normally considered uneconomic to borrow under £50,000 this way, and some lenders have a minimum of £75,000 or more.

If you are considering buying a commercial property this can either be funded by way of outright purchase, a commercial mortgage or even through some forms of pension schemes.

For more information please contact us.

ARE YOU THINKING ABOUT BUYING AN OFFICE OR SHOP
THEN YOU MAY NEED TO CONSIDER
A COMMERCIAL MORTGAGE.

ARE YOU THINKING ABOUT BUYING
A PROPERTY TO RENT OUT OR REMORTGAGE
AN EXISTING PORTFOLIO

BUY TO LET

Buy-to-let mortgages are for when you buy a property to rent out, and for when you’re planning to remortgage a property you already rent out. Buying a property to rent out could be worthwhile in the longer term, but it’s not risk free.

We’ll talk to you about the buy to let mortgages available and make sure you’ve all the information you need before you take the next steps or make any decision on purchasing a rental property, as some of the rule are different than when you buy a residential property to live in for yourself.

For More Information please contact us

FIRST TIME BUYERS

The amount a lender will lend you depends upon many factors but focus on your income & credit commitments, along with the term of the loan.

HELP TO BUY MAY
BE ABLE TO BRING YOUR DREAM OF HOME OWNERSHIP
CLOSER TO REALITY.

HELP TO BUY

The government has created the Help to Buy scheme to help hard-working people like you take steps to buy your own home. Raising a sufficiently large deposit can be one of the hardest personal money challenges.

The Government introduced its Help to Buy scheme in April 2013 with the aim to make home ownership an easier goal to achieve. The first stage applied to new-build properties only although this has now changed and there are various Help to Buy Schemes that you may be eligible to use.

Your home may be repossessed if you do not keep up repayments on your mortgage
*Commercial mortgages and some forms of Buy to Let mortgages are not regulated by the Financial Conduct Authority.

If you have accumulated large overdrafts or credit card bills, and are finding it hard to reduce the outstanding balances, then a re-mortgage could be used to reduce your monthly payments. Please be aware that if you are increasing your mortgage to repay financial commitments then you may be transferring an unsecured debt to a debt secured against your home. If the repayment term is longer, then you may ultimately pay more interest on the debt over that term.

Think carefully before securing other debts against your home. Your property may be repossessed if you do not keep up repayments on your mortgage.

If you ask us to arrange a mortgage for you we can be paid by either commission or a fee or a mixture of them both. If you choose to pay us a fee, this will usually be a fee of £500, payable at application, for mortgage advice and recommendation. Plus a fee of £500, payable at completion, for mortgage administration. We will refund to you any commission we receive from the lender.

Cherwell Financial Services Ltd is directly authorised and regulated by the Financial Conduct Authority. Registered Office Ground Floor, Unit 15 Somerville Court, Trinity Way, Banbury Business Park, Adderbury, Oxfordshire, OX17 3SN.

Registered in England. No. 08566532

©Cherwell 2018