Will A Loan Affect My Mortgage Application?

When looking for a mortgage or remortgage all existing debts will be taken into account by any lender when making a decision on any mortgage application. One of the key aspects of any mortgage application is the affordability of repayments of the mortgage, one of the factors the lender will review is how much you have in outgoing in payments you may have in any existing loans or other debts you may have.

Another impact loans have on any mortgage application is how they affect your credit score, if a loan is in good standing and you are regularly making repayments they any lender will see this as a positive point giving an increase in your credit profile. Missed payments on any personal loan with have a negative effect on your credit rating and may limit your mortgage options or increase the cost of any mortgage deal you may be offered.

At First Choice Finance we are dedicated to providing you with the mortgage and remortgage solutions that are tailored to your needs as well as providing a route to many other financial products. If you have personal loans, credit cards or other debts one of our advisers will discuss the different options available and may even be able to restructure your debts into the mortgage.

Whether you are a first time buyer, moving home, looking to remortgage or a buy to let investor we could help you find the right mortgage product for your needs...

We are independent mortgage advisors covering the whole of the UK with many years of experience (over 30 year) in arranging mortgages with multiple lenders.

We want to help you find the best mortgage deal. Once you register your details with us, your mortgage application will be passed to one of our qualified mortgage adviser who will search the market for the right deal for you. They look at every mortgage from every available lender. There are lots of mortgages out there including those that you can only get via an mortgage brokers with specialist deals 0 our advisers will look at these too, to make sure you end up with the mortgage that is right for you. You are under no obligation to proceed with any mortgage offer you receive.

Why use our services :-
Independent – We are totally independent, 2e provide a service to help you find a mortgage plan to help you achieve your financial goals.

Confidential – The information you provide will not be shared with anyone other than the financial adviser who meets your requirements.

No Obligation – You are under no obligation to proceed with any mortgage quote you receive. Quick and Easy – All you need to do is complete a simple contact form and one of our qualified mortgage advisers will contact you to discuss your mortgage needs & requirements.

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)

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.