Key Worker Mortgage - Mortgage Help For People Working In The Public Sector

As a nation we owe a huge debt to our key workers who work tirelessly to ensure the country keeps going and we are healthy and safe, here at First Choice Finance we pay thanks to our key workers and will do all we can to help them find a mortgage whether you are a first time buyer or looking to move house we have a selection of key worker mortgages and remortgages.

We provide qualified mortgage advice services to homebuyers and landlords, we do much more than broker cost-effective mortgages on the behalf of our keyworkers.

We understand the different rules and regulations for police officers and understand the different home buying schemes and mortgaes available for fire fighters, nurses and other key workers.

We have a wide selection of lenders including those with specialist plans and offerings for key workers, we will search the different plans from our panel of lenders to find one that best suits your individual circumstances, we listen to your needs and requirements and take the time to fully understand your unique circumstances. When going through the different options we use a professional friendly approach and take our time to explain the options in plain English, highlighting the benefits and drawbacks of the different mortgage options.

We can complete the mortgage via phone and post, we will fit around your lifestyle and busy work schedules which can be demanding for any key worker in the public sector. We will manage your mortgage enquiry through the application process through to completion. We understand how important getting a mortgage is and we will not forget about you, even after the mortgage is completed we will be happy to offer a regular mortgage review to ensure your mortgage remains the best option for you, even if your circumstances change.

Throughout the mortgage process we will put your interests first, we will liaise closely with your estate agent, but we are not tied to any estate agents. We don’t favour particular products or lenders. We’ll recommend the mortgage that we think will work best for you.

We are a mortgage broker with over 30 years experience, this gives us access to a wide mortgage market, including deals not available to individuals.

Key Worker - Home Mover Mortgage
Moving home is the most popular reason for finding a mortgage, because of this the market is highly competitive with lenders offering thousands of mortgage options and variations with discounts and deals galore. All these options is great for you but it can be a bit overwhelming and be difficult finding the mortgage best suited for you, we will help cut through all the options to find a deal that best suits your requirements. Because of our knowledge of the lenders and the different schemes available to key workers we can help pin point these deals that could help save you money or give you additional options or allow you to borrow an increased amount.

We can help increase your confidence in your mortgage option with are expert qualified advice, we can also help guide you through the process helping reduce some level of the stress from the process of moving home.

How First Choice Finance Can Help
We`ll scour the market and find you the deals that best suit your situation: we`ll look at how much you are able to borrow and give qualified advice about what rates are on offer and which lenders are best able to cater to your needs. We`ll also work to ensure that your finances are in place as quickly as possible.

Key Worker - First Time Buyer Mortgage
Rising property prices have made life increasingly tough for first-time buyers, especially if you are a key worker in an affluent area, which your wages are not generous as those in the private sector.

Modern mortgages are calculated more on your income and expenditure, as apposed to income multiples as they used to be, your deposit will also impact on the amount you can borrow. If you are short or having difficulty meeting the income and affordability of the lenders, you still have options especially as a key worker. Some lenders have special plans and offers available to key workers, their are also government schemes for keyworkers as well as other schemes such as shared ownership, help to buy, rent to buy, parent springboard mortgages or guarantee mortgages. We have an excellent understanding of all these different mortgage options will be happy to discuss them with you outlining the differences and how they work in plain English.

Our service will include taking the time to explain these different mortgage products and how they work in your individual circumstances. We listen to your preferences and do the research on your behalf, giving you the best options for you to choice from.

A key part of our service involves taking the time to talk through your particular circumstances and preferences. We`ll do the research on your behalf and identify the products we think are best suited to your situation and we`ll look at the mortgage market - not just the offers aimed at first-time buyers. We also have an excellent grasp of all the government schemes aimed at helping first time buyers as well as those schemes for public sector employees.

Key Worker Remortgage
Remortgaging is a popular with home owners, as borrowers relies the possible savings of switching as they reach the end of their introductory rate. As the remortgage market has grown and become competitive many lenders have began offering attractive incentives and reduced legal and arrangements fee`s giving you the possiblity of saving money by remortgaging. If you currently paying your mortgage on your lender`s standard variable it is probable that we can help reduce your monthly mortgage payments and find you a better mortgage offer.

As well as searching for a better deal to save money, remortgaging can be used for other purposes, these include the possibility of releasing some of the equity you own in your property, giving you access to money that can be used for another purpose such as home improvements, new car or maybe a holiday. In some cases your circumstances may have changed, maybe you have had a rise in income and wish to reduce the term of your mortgage, or maybe you may have incurred other debts and wish to consolidate your debts into your mortgage debt. Whatever the reason First Choice will discus the pros and cons of the different options and help you achieve your goals, if you decide to proceed.

As a mortgage broker we have access to remortgage deals from numerous lenders both on the highstreet as well as mortgage deals not available to the general public. We will talk through the reasons why you are looking to switch mortgage and search to find the deal most suitable to your individual needs, even if your current mortgage plan has ERC (early repayment charges) switching mortgage may still be desirable, especially if you are looking to borrow extra funds. We will give you all the figures and advise you the best course of action for you to reach your finance goals. We won`t recommend remortgaging unless it`s the most cost-effective thing for you to do.

Buying A New Build Property If You Are A Keyworker
We are seeing many new build developments being constructed all around the UK, with the government encouraging new builds with a number of indicatives, as well as incentives offered by builders and developer to encourage a quick sale, these can be a good option for a key worker to purchase a property that will not need any work doing to it.

If you can make your mortgage arrangements quickly you may be able to get an additional discount, some developers will also offer discounts for public sector workers, which you may be able to make the most of. At First Choice Finance we`re used to reacting quickly to this kind of challenge and we can have your finances in place quickly even if your circumstances are not straightforward, we can also help guide you through the government schemes for both key workers and new builds.

Homeowner Secured Loans 9.8% APRC. Representative example: Borrow £50,000 over 180 months. 60 months at 8.1%, £497.83 pcm fixed at 60% LTV. Then 120 months at 10.1%, £539.89 pcm variable. Total payable £94,656.60. Total cost of credit £44,656.60 (including: £795 lender fee, £985 broker fee & £42,876.60 interest). First Choice are tied to certain loan providers.

Mortgages & Remortgages 8.4% APRC. Representative Example: Borrow £120,000 over 25 years at 5.99%, £778.86 pcm fixed for 3 years at 60% LTV. Then at 8.75%, £974.86 pcm, variable for 22 years. Total payable £286,416. Total cost of credit £166,416 (including: £985 broker fee, £999 lender fee & £164,432 interest)

Unsecured Personal Loans REPRESENTATIVE 49.9% APR (VARIABLE) First Choice are tied to certain unsecured lenders.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Security is required on immovable property.

Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home. We Advice Upon & Arrange Mortgages & Loans. We Are Not A Lender.

First Choice Finance is a trading style of First Choice Funding Limited of 54, Wybersley Road, High Lane, Stockport, SK6 8HB. Copyright protected.