Residential Mortgage

# Residential Mortgage – AIM Mortgages

## Your Path to Homeownership Starts Here

Whether you’re a first-time buyer taking your first step onto the property ladder, moving to your dream home, or remortgaging for a better deal, AIM Mortgages is here to make your journey smooth and stress-free. As whole of market advisors, we have access to thousands of mortgage products to find the perfect match for your circumstances.

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## What is a Residential Mortgage?

A residential mortgage is a loan secured against a property that you intend to live in as your main home. The property acts as security for the loan, and you repay it over an agreed term, typically 25-35 years. With so many lenders and products available, finding the right mortgage can be overwhelming – that’s where we come in.

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## Why Choose AIM Mortgages for Your Residential Mortgage?

### Whole of Market Access

We’re not tied to any single lender, giving you access to thousands of mortgage products from across the entire market. This means we can find deals you won’t find on comparison websites or by going direct to banks.

### Expert Guidance for First-Time Buyers

Buying your first home is exciting but can feel daunting. We specialise in first-time buyer mortgages and understand the unique challenges you face. From government schemes like First Homes to Shared Ownership, we’ll explain your options in plain English and guide you every step of the way.

### Experienced Portfolio Landlord Specialists

Already own property? We’re experts in helping portfolio landlords expand their investments. Whether it’s your second property or your tenth, we understand the complexities of buy-to-let mortgages and can help you build your property portfolio.

### Personalized Service

We take time to understand your circumstances, goals, and concerns. Your dedicated advisor will be with you from initial consultation through to getting your keys – and beyond.

### Competitive Rates

Our relationships with lenders mean we can often negotiate better rates and terms than you’d get by applying directly. We’ll search the market to find the most competitive deal for your situation.

### We Don’t Disappear After Approval

Unlike many brokers, we stay with you throughout the entire process – from mortgage offer to completion day. We liaise with solicitors, estate agents, and surveyors to ensure everything runs smoothly.

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## Types of Residential Mortgages We Arrange

### First-Time Buyer Mortgages

– Help to Buy schemes

– First Homes scheme

– Shared Ownership mortgages

– 95% mortgages

– Guarantor mortgages

– Low deposit options

### Home Mover Mortgages

– Porting your existing mortgage

– New mortgage products

– Buy before you sell options

– Chain-free solutions

### Remortgages

– Better interest rates

– Release equity

– Switch from interest-only to repayment

– Consolidate debts

– Remove someone from the mortgage

### Buy-to-Let Mortgages

– Single buy-to-let properties

– Portfolio landlord mortgages

– HMO mortgages

– Limited company buy-to-let

### Specialist Mortgages

– Self-employed mortgages

– Adverse credit mortgages

– New build mortgages

– Help to Buy ISA/Lifetime ISA

– Joint borrower sole proprietor

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## Our Mortgage Process

### Step 1: Free Initial Consultation

We discuss your situation, needs, and goals. This can be done over the phone, via video call, or in person – whatever suits you best.

### Step 2: Mortgage Research

Using our whole of market access, we search thousands of products to find the best options for you. We’ll explain the pros and cons of each recommendation.

### Step 3: Application Preparation

We’ll help you gather all necessary documents and complete your application accurately to maximize your chances of approval.

### Step 4: Submission & Management

We submit your application and deal with the lender on your behalf, chasing progress and handling any queries that arise.

### Step 5: Offer & Beyond

Once your mortgage offer is issued, we continue supporting you through valuation, legal work, and completion – right up to moving day.

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## What You’ll Need

To get started, it’s helpful to have:

**Personal Information:**

– Proof of identity (passport or driving licence)

– Proof of address (utility bills, council tax)

– National Insurance number

**Financial Information:**

– Last 3 months’ payslips (employed)

– Last 2-3 years’ accounts/SA302s (self-employed)

– Bank statements (usually 3-6 months)

– Details of any credit commitments (loans, credit cards)

– Proof of deposit/savings

**Property Information:**

– Property address and purchase price

– Estate agent details

– Details of any property you’re selling

Don’t worry if you don’t have everything yet – we’ll guide you through exactly what’s needed.

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## Common Questions About Residential Mortgages

**How much can I borrow?**

Most lenders will offer 4-5 times your annual income, though this varies based on circumstances. We’ll calculate your maximum borrowing and help you understand affordability.

**What deposit do I need?**

Typically 5-20% of the property value. First-time buyers may access 95% mortgages with just a 5% deposit, though larger deposits usually secure better rates.

**How long does it take?**

From application to completion typically takes 8-12 weeks, though this can vary. We’ll keep you informed throughout and work to prevent delays.

**Will my credit history affect my application?**

Credit history is considered, but adverse credit doesn’t automatically mean rejection. We work with lenders who consider various credit profiles.

**What’s the difference between fixed and variable rates?**

Fixed rates stay the same for a set period (typically 2-5 years), giving you certainty. Variable rates can go up or down. We’ll explain which suits your circumstances.

**Should I use a mortgage broker?**

Yes! We save you time, access exclusive deals, improve your chances of approval, and handle the complex paperwork. Our service is usually free to you as we’re paid by lenders.

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## Understanding Mortgage Costs

### The Mortgage Payment

Your monthly payment covers the loan amount plus interest. We’ll calculate exactly what you’ll pay based on different scenarios.

### Additional Costs to Consider

– Arrangement/product fees (£0-£2,000+)

– Valuation fee (£250-£1,500)

– Legal fees (£500-£1,500)

– Survey costs (£300-£1,000+)

– Stamp Duty Land Tax (varies by property price)

– Buildings insurance (required)

– Life insurance (recommended)

We’ll give you a clear breakdown of all costs involved so there are no surprises.

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## Government Schemes for Buyers

### First Homes Scheme

Buy a newly built home at a 30-50% discount if you’re a first-time buyer or previous homeowner who can’t afford in your area.

### Shared Ownership

Buy a share of a property (25-75%) and pay rent on the remainder. You can increase your share over time (staircasing).

### Help to Buy: Equity Loan (Legacy)

For those who purchased under the previous Help to Buy scheme, we can help with remortgaging or staircasing.

### Forces Help to Buy

Armed forces personnel can access enhanced schemes with reduced deposits.

We’ll assess which schemes you’re eligible for and guide you through the application process.

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## Why Moving Home is More Than Just Mortgages

At AIM Mortgages, we understand that buying a home involves more than securing finance. That’s why we also offer:

– **Conveyancing services** – Trusted solicitors to handle your legal work

– **Survey services** – Professional property inspections for peace of mind

– **Insurance** – Buildings, contents, and life insurance

– **Wills & Trusts** – Protect your property investment for the future

As your one-stop shop, we coordinate all these services, saving you time and stress.

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## Ready to Start Your Mortgage Journey?

Don’t navigate the mortgage maze alone. Whether you’re buying your first home, moving, or remortgaging, we’re here to help.

**Get in Touch Today:**

– **Call us:** [Your Phone Number]

– **Email:** [Your Email]

– **Book online:** [Link to Booking System]

**Free Initial Consultation – No Obligation**

Your property goals are within reach. Let AIM Mortgages guide you there.

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## Our Promise to You

✓ Expert advice from experienced advisors  

✓ Access to the whole mortgage market  

✓ Competitive rates negotiated on your behalf  

✓ Clear communication throughout the process  

✓ Support from enquiry through to completion and beyond  

✓ No hidden fees – transparent pricing  

✓ Available when you need us – evening and weekend appointments

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**AIM Mortgages – Your One-Stop Shop for all Property Needs**

*Your home may be repossessed if you do not keep up repayments on your mortgage. Some buy-to-let mortgages are not regulated by the Financial Conduct Authority.*