Finding the right mortgage brokers or advisers in Kent

Achieve your property goals with confidence.
Reach out to mortgage brokers and advisers in Kent for expert guidance.
Find the mortgage brokers and advisers near me in Kent

Steering the complex landscape of home buying or property investment in Kent can be daunting, especially when finding the right financing options. Whether you’re purchasing your first home, investing in a buy-to-let property, considering a commercial venture, or simply looking to remortgage, the expertise of a local professional can make all the difference. This comprehensive guide is designed to help you understand how mortgage brokers and advisers in Kent can assist you in securing the best mortgage deals, navigating the intricacies of bridging loans and exploring commercial mortgage opportunities. By searching for “mortgage brokers near me in Kent” or “mortgage advisers near me in Kent,” you’re taking the first step towards finding a trusted professional who can provide tailored advice and solutions to meet your unique financial needs and goals. Let’s dive into how these experts can guide you through the process, ensuring a smoother and more informed journey to property ownership or investment in Kent.

How do I find a reputable mortgage broker or adviser in Kent?

Finding a reputable mortgage broker or adviser in Kent involves a combination of online research, seeking recommendations, and using specific online searches to find professionals who can offer you tailored advice and help you navigate the mortgage process. Here’s a step-by-step guide, including the use of suggested search keywords:

Start with online searches

Use search engines like Google, Bing, or Yahoo. Enter keywords such as “mortgage brokers in Kent,” “mortgage advisers near me,” or “best mortgage brokers Kent” to find a list of professionals and firms in the area. Including “near me” in your search query helps in finding local services based on your location.

Check local directories and listings

Look into local business directories such as Yelp, Thomson Local, or the Yellow Pages. Searching for “mortgage advisers Kent” or “Kent mortgage brokers” on these platforms can provide you with a list of professionals and ratings and reviews from past clients.

Visit financial comparison websites

Websites that compare financial services can be incredibly helpful. They often feature sections for mortgage advisers and brokers, where you can search specifically within Kent. Keywords like “compare mortgage brokers in Kent” or “mortgage advice services Kent” can be useful here.

Seek recommendations

Ask for recommendations from friends, family, or colleagues who have recently purchased property in Kent. They can provide firsthand accounts of their experiences and suggest brokers or advisers who offered them excellent service.

Review professional qualifications

Once you have a list of potential advisers or brokers, check their credentials. Look for qualifications such as CeMAP (Certificate in Mortgage Advice and Practice) or a similar recognised accreditation. This ensures that the adviser has the necessary training to offer sound mortgage advice.

Check regulatory compliance

Ensure that any mortgage broker or adviser you consider is authorised and regulated by the Financial Conduct Authority (FCA). You can check this on the FCA register. A regulated professional adheres to strict standards, which offers you protection as a consumer.

Read reviews and testimonials

Websites such as Trustpilot, Google Reviews, or even the broker’s or adviser’s own website may have testimonials from previous clients. Look for comments on their professionalism, advice quality, and the overall customer experience.

Schedule consultations

Many brokers and advisers offer a free initial consultation. This is an opportunity to ask questions, gauge their expertise, and determine if they are a good fit for your needs without any commitment.

By following these steps and using the suggested search keywords, you should be able to find a reputable mortgage broker or adviser in Kent who can assist you with your mortgage needs. Remember, taking the time to choose the right professional can save you time, money, and stress in the long run.

What are the different types of mortgage brokers and advisers in Kent?

In Kent, as in the rest of the UK, you’ll find different types of mortgage brokers and advisers, each offering varying levels of service and access to mortgage products. Understanding these differences is crucial for finding the service that best fits your needs. Here are the primary types you’ll encounter:

Independent mortgage advisers/brokers

Fully independent: These advisers have access to the entire market, meaning they can review all available mortgage products to find the best deal for your circumstances. They are not tied to any specific lenders, which allows them to offer unbiased advice.

Fee-free advisers: Some independent brokers do not charge fees to their clients, as they receive commission from the mortgage lenders. Others may charge a fee for their service but offset this with the commission they receive.

Tied mortgage advisers

Single lender: Advisers who are tied to a single lender can only offer products from that specific lender. While their advice is limited to a single provider’s offerings, they can have in-depth knowledge of those products.

Limited panel: Some advisers work with a limited number of lenders rather than the whole market. They can offer a range of products but are restricted to their panel of lenders.

Bank or building society advisers

These advisers are employed directly by a bank or building society and can only offer products from their employer. If you have a strong relationship with your bank or if they’re known for competitive mortgage rates, this could be a convenient option, though it limits your choices to one institution’s offerings.

Online mortgage brokers

Digital-first services: These platforms use technology to match you with mortgage products, often through automated processes that can provide instant recommendations based on your financial situation. They combine the convenience of online access with a broad view of the market, though personal advice might be less tailored than with a traditional face-to-face adviser.

Specialist mortgage advisers

Special circumstances: For those with unique needs or circumstances (e.g., self-employed, poor credit history, looking for buy-to-let mortgages), specialist advisers have the expertise and experience to find suitable products that mainstream advisers might not access.
Choosing the Right Type

Your needs: Your choice will depend on your specific needs, preferences, and financial situation. If you prefer a hands-on, personalised service, an independent broker might be best. If you’re comfortable with technology and happy to manage things online, a digital-first broker could be a good fit.

Research: It’s important to research and possibly interview multiple advisers to understand their services, fees, and the range of products they can access.

Remember, the right mortgage adviser or broker in Kent for you will be someone who understands your financial situation, offers clear, unbiased advice, and helps you find a mortgage deal that suits your needs.

What are the criteria used by Kent mortgage brokers to determine my mortgage eligibility?

Mortgage brokers in Kent, as in the rest of the UK, use a variety of criteria to determine a client’s eligibility for a mortgage. These criteria help lenders assess the risk associated with lending money and ensure that borrowers can afford to repay the loan. Here are the key factors that mortgage brokers and lenders typically consider:

Income and employment

Lenders will look at your income sources, including salary, bonuses, and any other regular income, such as dividends or rental income. Stability of employment is also crucial; being in permanent employment or having a stable history of contracting can positively impact your eligibility.

Credit score and history

Your credit score gives lenders an idea of your financial reliability. A good credit score, indicating a history of timely payments and responsible credit management, can improve your chances of getting a favourable mortgage offer. Lenders will also review your credit history for any red flags like defaults, CCJs, or excessive debt.

Debt-to-income ratio (DTI)

This measures your monthly debt obligations against your income. A lower DTI indicates that you have a good balance between debt and income, making you a less risky borrower. Lenders use this to assess if you can afford the mortgage repayments on top of your existing debts.

Deposit size

The size of your deposit affects your Loan to Value (LTV) ratio, which is the percentage of the property’s value that you’re borrowing. A larger deposit generally means a lower LTV, making you a more attractive prospect to lenders because it reduces their risk.

Property type and value

The type and value of the property you’re planning to buy also play a role. Some lenders have restrictions on lending for certain types of properties, and the property’s value will be considered in relation to the amount you wish to borrow.

Outgoings and living expenses

Lenders will assess your regular outgoings, including bills, loans, and living expenses, to ensure you have enough disposable income to cover mortgage repayments.

Future changes

Potential future changes to your circumstances or interest rates may be considered. Lenders want to ensure you can still afford your mortgage if rates rise or if your income decreases.


Your age can affect your eligibility, particularly how close you are to retirement. Lenders will consider whether you can maintain mortgage repayments into retirement if applicable.

Self-employment or contract work

If you’re self-employed or a contractor, you may need to provide additional evidence of your income stability, such as accounts or tax returns for multiple years.

Use of property

Whether you’re buying to live in the property, as a second home, or as an investment (buy-to-let) can affect your eligibility and the types of mortgages available to you.

Preparing your application

To improve your mortgage eligibility, focus on maintaining a healthy credit score, managing your debts wisely, and saving for a substantial deposit. Accurate and comprehensive documentation of your income and outgoings will also help the broker or lender assess your application more favourably.

What services do mortgage brokers in Kent offer?

Mortgage brokers in Kent offer a comprehensive range of services catering to various financial needs and circumstances related to property purchasing, refinancing, and insurance. Their services are designed to assist different types of clients, from first-time homebuyers to seasoned investors, and even those with specific employment or financial situations. Here’s an overview of the services provided:

For home and property buyers

First-time buyers mortgages: Tailored advice and mortgage options for those looking to purchase their first home.

Self-employed mortgages: Specialised mortgages for individuals with 1 or 2 years of accounts, catering to the unique financial situations of self-employed workers.

Buy-to-let mortgages: For investors looking to purchase property specifically to rent out.

Holiday let mortgages: Mortgages for properties intended to be let out to holidaymakers on a short-term basis.

Second home mortgages: Financing options for purchasing a second property that isn’t the primary residence.

Refurbishment and renovation mortgages: Loans designed to fund the improvement or renovation of a property.

Auction finance: Short-term finance solutions for purchasing property at auction.
For Specific Groups

Key workers mortgages: Special mortgage deals or advice for key workers like doctors, nurses, teachers, and police officers.

Right to Buy/Right to Acquire: Assistance with navigating government schemes allowing tenants to buy their rented home at a discounted price.

Shared ownership: Advice on mortgages for shared ownership schemes, where buyers own a share of their home and rent the rest.

For Business and Investment

Business loans: Financing options for businesses for various purposes.

Invoice finance: Solutions to free up cash tied in unpaid invoices.

Bridging finance: Short-term loans to bridge the gap between purchasing a new property and selling an existing one.

Development finance: Funding for property development projects.

Commercial mortgages: Mortgages for purchasing commercial properties.

Specialised financial solutions

Secured loans and second charge mortgages: Loans secured against the equity in your property.

Further advance: Additional borrowing on your current mortgage.

Bad credit mortgages: Mortgages specifically for individuals with poor credit histories.

Islamic mortgages: Financial products compliant with Islamic law.

Lifetime mortgages and equity release: For older homeowners to release equity from their property.

Retirement interest-only mortgage: Mortgages where you only pay the interest each month, designed for retirees.

Insurance services

Life insurance: Protection against financial loss to your dependents in the event of your death.

Business insurance: Covers various risks associated with running a business.

Buildings and contents insurance: Insurance for your property and its contents.

Other services

  • EU settlement mortgage
  • Foreign national
  • Expat
  • Visa mortgage – Tier 2 Visa and Tier 1 Visa
  • Leave to remain visa mortgage
  • Spouse visa buy to let
  • EU settlement mortgage
  • Land mortgage
  • Construction mortgage
  • Single parent
  • Skilled visa mortgage
  • Unencumbered mortgage

Mortgage brokers in Kent can provide valuable advice and assistance in navigating these complex financial products, ensuring you find the best solution for your specific needs and circumstances.

What type of mortgage will I be eligible for in Kent?

The type of mortgage you’ll be eligible for in Kent, as in the rest of the UK, depends on a variety of factors related to your personal and financial circumstances. Here’s a brief overview of what influences your mortgage eligibility and the types of mortgages that might be available to you:

Personal and financial circumstances

Income and employment status: Your income and the stability of your employment are crucial. Those with stable, higher incomes may access better mortgage rates and terms.

Credit history and score: A good credit history and score can open up a wider range of mortgage products. If you have a poor credit history, you might still be eligible for certain mortgages but with different terms.

Debt-to-income ratio: Lenders will assess how much debt you already have in relation to your income to ensure you can afford mortgage repayments.

Deposit size: The amount of money you can put down as a deposit directly impacts the loan-to-value (LTV) ratio, affecting your mortgage options.

Age: Some mortgage products have age limits, especially those that run into retirement age.

Property type and use: The type of property you’re buying (e.g., residential, buy-to-let, commercial) and its use will influence the kind of mortgage you can get.

Potential mortgage types

Given these factors, here are some mortgage types you might be eligible for:

Standard residential mortgage: For those buying a home to live in themselves. Your income, deposit, and credit score are key factors.

Buy-to-let mortgage: If you’re purchasing a property to rent out, a buy-to-let mortgage is designed for this purpose, with eligibility based on potential rental income and your financial situation.

First-time buyer mortgages: There are specific products aimed at helping first-time buyers onto the property ladder, often with lower deposit requirements.

Self-employed mortgages: If you’re self-employed, you’ll need to provide more detailed proof of income, but there are mortgages specifically tailored for self-employed individuals.

Bad credit mortgages: For those with poor credit histories, there are lenders who specialise in providing mortgages under these circumstances, albeit often at higher interest rates.

Remortgage products: If you already own a property and are looking to switch your current mortgage to a better deal or release equity from your home.

Specialist mortgages: Including those for unique circumstances such as holiday lets, auctions, or properties requiring renovation.

Government schemes: Help to Buy, Shared Ownership, and Right to Buy are government initiatives that can help you qualify for a mortgage with favourable terms under certain conditions.

How to determine your eligibility

The best way to determine exactly what type of mortgage you’re eligible for is to consult with a mortgage broker or adviser in Kent. They can assess your specific situation, advise on the best type of mortgage for your needs, and help you navigate the application process to secure the best possible deal.

How much of a deposit do I need for a mortgage in Kent?

The amount of deposit you need for a mortgage in Kent, as in the rest of the UK, can vary significantly based on several factors, including the type of mortgage, your financial circumstances, the property’s value, and the lender’s requirements. Generally, the minimum deposit for most mortgages ranges from 5% to 15% of the property’s purchase price, but there are some important nuances to consider.

For first-time buyers, it’s possible to find mortgages with a 5% deposit, especially with the help of government schemes like the Help to Buy equity loan. These are designed to make it easier for first-time buyers to get onto the property ladder. However, securing a mortgage with a smaller deposit often means higher interest rates and potentially paying for mortgage insurance.

For those looking at buy-to-let mortgages in Kent, the required deposit is typically higher, usually around 25% of the property’s value, though this can vary between 20% and 40%. Lenders see buy-to-let mortgages as higher risk, hence the larger deposit requirement.

The size of your deposit affects your Loan to Value (LTV) ratio, which is a significant factor lenders consider when determining your mortgage terms. A lower LTV ratio (meaning a larger deposit) usually results in more favourable mortgage rates because it reduces the lender’s risk. If you can afford to do so, saving for a larger deposit can be financially beneficial in the long run, as it can significantly lower your monthly repayments and the amount of interest you pay over the life of the mortgage.

In recent years, the market has seen a return of higher LTV mortgages, which require smaller deposits. These can be particularly appealing for first-time buyers or those with limited savings, but they come with the caveat of higher interest rates.

Ultimately, the best approach is to save as much as possible for your deposit. Not only does this open up a broader range of mortgage options, but it also improves your chances of securing a mortgage with favourable terms. Consulting with a mortgage broker in Kent can provide you with tailored advice based on your specific financial situation and help you understand how much you need to save for a deposit to achieve your property goals.

What is the maximum loan-to-value (LTV) ratio I can borrow for a mortgage in Kent?

The maximum loan-to-value (LTV) ratio you can borrow for a mortgage in Kent, as with the rest of the UK, largely depends on the type of mortgage, the lender’s criteria, and your individual financial circumstances. The LTV ratio is a measure of the mortgage amount compared to the value of the property you wish to purchase, expressed as a percentage. It is a key factor that lenders use to assess the risk level of the loan.

For residential mortgages, it’s common for lenders to offer a maximum LTV of around 90% to 95%. This means that you would need to provide a deposit of between 5% and 10% of the property’s purchase price. However, these high LTV mortgages are usually reserved for borrowers with strong credit histories and stable incomes. They might also carry higher interest rates due to the increased risk to the lender.

For buy-to-let mortgages, the maximum LTV ratios are typically lower, often around 75% to 80%, requiring a larger deposit of 20% to 25%. This reflects the higher perceived risk associated with rental properties, including potential rental voids and maintenance costs.

Special mortgage products, such as those for first-time buyers or specific government schemes, might allow for higher LTV ratios. For example, the Help to Buy equity loan scheme in England allows first-time buyers to purchase a new build home with just a 5% deposit, with the government providing an equity loan of up to 20% (40% in London), effectively reducing the LTV ratio the mortgage lender is asked to cover.

It’s important to note that while a higher LTV ratio can make it easier to purchase a home with a smaller deposit, it also means taking on more debt and potentially paying more in interest over the life of the mortgage. Additionally, if the property’s value decreases, there’s a higher risk of falling into negative equity, where the outstanding mortgage is greater than the property’s value.

Lenders also adjust their offered LTV ratios based on market conditions and regulatory guidelines, so available terms can vary over time. Consulting with a mortgage broker or adviser can provide you with up-to-date information on the maximum LTV ratios available for your specific situation, helping you make an informed decision on the best path forward for your property purchase in Kent.

What are the benefits of using a mortgage broker or adviser in Kent?

Using a mortgage broker or adviser in Kent offers several benefits, especially in a complex and competitive housing market. Here are some of the key advantages:

Access to a wide range of mortgage products

Brokers have access to a vast array of mortgage products from different lenders, including some deals that are not available directly to consumers. This wide selection increases your chances of finding a mortgage that suits your specific needs and financial situation.

Expert advice and guidance

Mortgage advisers are experts in their field. They can guide you through the complexities of the mortgage market, explain the different types of products available, and help you understand the fine print, such as fees, terms, and conditions.

Personalised service

A mortgage broker will assess your personal financial situation in detail before recommending the most suitable mortgage options. This personalised service can help you make informed decisions and increase your chances of mortgage approval.

Time and effort savings

Searching for a mortgage can be time-consuming and overwhelming. A broker can save you time and effort by conducting the search on your behalf, comparing different mortgages, and presenting you with the best options.

Access to special deals

Some mortgage brokers have exclusive access to special deals or preferential rates due to their relationships with lenders. These deals may offer better terms or lower interest rates than those generally available to the public.

Assistance with application process

Mortgage brokers help with the entire application process, from initial advice to submitting your application. They’ll ensure your application is correctly filled out and all necessary documentation is in order, which can help avoid delays or rejections.

Negotiation on your behalf

Brokers can negotiate terms with lenders on your behalf, potentially securing more favourable conditions or rates than you might be able to on your own.

Support for complex situations

If you have a unique financial situation, such as being self-employed or having a poor credit history, a broker can help find lenders who are more likely to consider your application. They’re experienced in dealing with a range of circumstances and know which lenders are most flexible.

Ongoing support

A good mortgage adviser doesn’t just disappear once the mortgage is secured; they can provide ongoing support, advising on when to consider remortgaging or how to deal with any financial changes affecting your mortgage.

Regulatory protection

Mortgage brokers in the UK are regulated by the Financial Conduct Authority (FCA), which means you have certain protections. Brokers must provide advice that is in your best interest, and you have recourse if the advice you receive is unsuitable.

Are there any specific areas of expertise that mortgage brokers or advisers in Kent should have?

Mortgage brokers or advisers operating in Kent, as in other regions, should possess a broad range of knowledge and expertise to serve their clients effectively. While the core principles of mortgage advice are consistent across the UK, certain areas of expertise can be particularly beneficial in Kent due to its unique housing market and demographic diversity. Here are some specific areas of expertise that can be valuable:

Local market knowledge

Understanding the specific dynamics of the Kent housing market, including property values, popular areas, and local economic factors, can be incredibly beneficial. This knowledge allows brokers to provide tailored advice that takes into account the local context.

First-time buyer schemes

Expertise in government schemes designed to help first-time buyers, such as Help to Buy, Shared Ownership, and the First Homes scheme, is crucial. Kent has a mix of urban and rural areas, and knowledge of these schemes can help a wide range of first-time buyers find suitable properties.

Buy-to-let mortgages

Given Kent’s appeal as a location for both long-term rentals and holiday lets, advisers should be well-versed in buy-to-let mortgages. This includes understanding the financial and legal considerations specific to being a landlord in this region.

Self-employed and contractor mortgages

With a significant number of self-employed individuals and contractors in the region, brokers should have expertise in mortgages tailored to these groups. This includes understanding the unique challenges and requirements for proving income and stability.

Remortgaging and product transfers

Advisers should be skilled in navigating the remortgage process, including product transfers with the same lender. This is valuable for homeowners looking to take advantage of lower interest rates or better mortgage terms.

Complex and adverse credit mortgages

Expertise in sourcing mortgages for individuals with complex financial situations, such as those with adverse credit histories, is important. Advisers should know which lenders are more flexible and how to present applications effectively.

Property investment and development

For clients interested in property investment or development in Kent, brokers should understand the nuances of development finance, bridging loans, and commercial mortgages.

Insurance and protection

Knowledge of related products, such as life insurance, building and contents insurance, and income protection, can provide a comprehensive service to clients, ensuring they are protected beyond just securing a mortgage.

Regulatory compliance

Advisers must be up-to-date with the latest regulatory standards and compliance requirements to ensure they provide advice that’s not only beneficial but also legally sound.

Sustainable and green mortgages

With increasing interest in sustainability, advisers should be familiar with green mortgages and incentives for energy-efficient homes. This is particularly relevant as more people look to buy or renovate properties in environmentally friendly ways.

Mortgage brokers and advisers in Kent who possess these areas of expertise are better equipped to provide valuable, tailored advice to their clients, ensuring their needs are met in the most effective way possible.

What are the additional costs associated with buying a property in Kent, and how can a mortgage broker or adviser help me budget for them?

Buying a property in Kent, as in the rest of the UK, involves several additional costs beyond the deposit and mortgage repayments. Being aware of these costs upfront can help you budget effectively for your property purchase. A mortgage broker or adviser can play a crucial role in helping you understand and prepare for these expenses. Here’s a breakdown of the additional costs and how a broker or adviser can assist:

Stamp duty land tax (SDLT)

This tax applies if you’re buying a property in England over a certain price threshold. Rates vary based on the property price, whether it’s your first home or if you’re replacing your main residence. Your adviser can calculate the exact amount you’ll need to pay or confirm if you’re eligible for any reliefs or exemptions, such as first-time buyer relief.

Valuation fees

Lenders often require a valuation to ensure the property is worth the amount you’re planning to pay. Costs vary depending on the property and the level of survey. An adviser can inform you if your chosen lender requires this and the associated costs.

Surveyor’s fees

Beyond the basic valuation for the lender, you might opt for a more detailed survey to check the property’s condition. Costs vary by survey type and property size. Your adviser can explain the different types of surveys available and recommend which might be appropriate for your situation.

You’ll need a solicitor or conveyancer to handle the legal aspects of buying a property. Fees vary widely based on the complexity of the transaction. An adviser can provide a rough estimate based on your circumstances and may recommend reputable solicitors.

Mortgage arrangement and broker fees

Some lenders charge an arrangement fee for setting up the mortgage. If you’re using a mortgage broker, they may also charge a fee for their services. Your adviser should clearly explain any fees involved in securing your mortgage.

Electronic transfer fee

This covers the cost of transferring the mortgage money from the lender to the solicitor. Your adviser can confirm if this applies to your mortgage.

Building insurance

Mortgage lenders require you to have buildings insurance in place from the day you exchange contracts. An adviser can help you understand the level of cover you need and may suggest providers.

Mortgage payment protection insurance (MPPI)

While not mandatory, MPPI can cover your mortgage payments if you’re unable to work due to illness, injury, or redundancy. An adviser can explain the benefits and costs associated with MPPI.

Moving costs

The cost of physically moving your belongings can vary greatly. While not directly related to the mortgage, it’s an important budget consideration. An adviser might remind you to factor this in.

Furnishing and renovation costs

Depending on the condition of the property, you may need to set aside funds for immediate renovations or furnishings.

A mortgage broker or adviser can provide valuable guidance on these costs, helping you to budget effectively. They can also offer insights into potential savings, such as lenders offering cashback deals or free valuations, which can offset some of the upfront costs of buying a property. By discussing your financial situation in detail, an adviser can help ensure you’re fully prepared for the financial commitment of buying a home in Kent.

What documents will I need to provide to a mortgage broker or adviser near me in Kent?

When working with a mortgage broker or adviser near you in Kent or anywhere in the UK, you’ll need to provide a range of documents. These documents help the broker assess your financial situation, understand your needs, and find the most suitable mortgage options for you. Here’s a general list of the documents you should be prepared to provide:

Proof of identity and address

Identity: A valid passport or driving licence to prove your identity.

Address: Recent utility bills, council tax bills, or bank statements (usually within the last 3 months) to prove your current address.

Proof of income

For employed individuals:

Payslips: Usually, the last three months’ payslips are required.

P60: Your most recent P60 form issued by your employer, showing your annual income and taxes paid.

For self-employed individuals:

Tax returns (SA302): Usually, the last two or three years’ SA302 forms from HMRC show tax calculations and income.

Accountant’s reference: Some lenders may require a reference from a certified or chartered accountant.

Proof of deposit

Evidence of your savings or the source of your deposit, which could include savings account statements.

Bank statements

Recent bank statements (typically the last three to six months) for all your accounts, including savings, to show your income and outgoings.

Credit liabilities

  • Details of any loans, credit cards, or other financial commitments, including the latest statements.
  • Proof of Current Mortgage or Rent Payments
  • If you currently have a mortgage, your most recent mortgage statement.
  • For renters, recent rent payment receipts or a letter from your landlord or letting agency.

Proof of employment

An employment contract or a letter from your employer may be required, especially if you’ve recently changed jobs.

Expenditure details

Detailed information about your regular expenses, including childcare, travel costs, loans, credit card payments, and any other regular outgoings.

Insurance policies

Details of current life insurance or other relevant insurance policies, if requested.

Additional Documentation for Specific Situations

For example, divorcees might need to provide a divorce settlement agreement, and applicants using a gifted deposit may need a gifted deposit letter from the donor, confirming the gift is not a loan.

Gathering these documents in advance can help streamline the mortgage application process. Your mortgage broker or adviser will specify exactly what’s needed and may require additional documents depending on your circumstances and the lender’s requirements.

Are there any government schemes available in Kent that can help me buy a property?

Yes, there are several government schemes available in the UK, including Kent, designed to help individuals purchase a property. These schemes aim to make homeownership more accessible, especially for first-time buyers or those with smaller deposits. Here’s an overview of some key schemes that could be available to you:

Shared ownership

Shared ownership allows you to buy a share of a home (between 25% and 75% of the home’s value) and pay rent on the remaining share. Later on, you can choose to buy bigger shares when you can afford to. This scheme is designed to reduce the initial deposit required and make monthly payments more manageable.

Lifetime ISA (LISA)

While not a purchase scheme per se, the Lifetime ISA allows individuals aged 18 to 39 to save up to £4,000 a year towards their first home (or retirement), with the government adding a 25% bonus to savings, up to a maximum of £1,000 per year.

Right to buy

For council house tenants or those in housing associations, Right to Buy offers the opportunity to buy their home at a discount. The size of the discount depends on the type of property and how long you’ve been a tenant.

First Homes Scheme

Aimed at local first-time buyers and key workers, the First Homes Scheme offers homes at a discount of at least 30% compared to the market price. This discount is passed on to future buyers to ensure the homes remain affordable.

95% mortgage guarantee scheme

This government initiative encourages lenders to offer 95% mortgages (5% deposit) by providing a government guarantee on high loan-to-value loans. This scheme is aimed at helping buyers who can afford monthly mortgage repayments but struggle with larger deposits.

How a mortgage broker or adviser can help

A mortgage broker or adviser in Kent can provide detailed advice on these schemes, helping you understand the eligibility criteria, how each scheme works, and which might be best suited to your circumstances. They can also assist with the application process for the scheme and the mortgage, making the journey to homeownership smoother.

It’s important to keep in mind that the availability of these schemes can change, and there may be specific local schemes available in Kent or new initiatives introduced by the government. Always check for the most current information or consult with a professional for the latest advice.

How long does it typically take to get a mortgage in Kent?

The timeline for obtaining a mortgage in Kent, as in the rest of the UK, can vary significantly depending on a variety of factors, including the type of mortgage, the lender’s processing times, the complexity of your financial situation, and the efficiency of other parties involved in the transaction, such as solicitors and surveyors.

Initial application to approval

After submitting your mortgage application, receiving an initial decision or agreement in principle can happen relatively quickly, often within a few days. This is a preliminary approval based on a basic assessment of your financial situation and creditworthiness. However, the formal mortgage offer, which comes after a more thorough evaluation, including a valuation of the property and a detailed examination of your financial circumstances, can take longer. On average, this process can take anywhere from 2 to 6 weeks.

Factors affecting the timeline

Several factors can affect how long it takes to get a mortgage:

Property valuation: The lender will require a valuation to ensure the property is worth the purchase price. Arranging and conducting this valuation can add time, especially if there are issues with accessing the property or if further investigations are required.

Financial complexity: If you’re self-employed, have variable income, or have a complex financial history, the lender may require additional documentation and time to assess your application.

Legal work: The conveyancing process, which involves the legal work of transferring property ownership, can significantly impact the timeline. How quickly your solicitor or conveyancer can process the necessary searches and deal with the legal paperwork plays a big part.

Chain issues: If you’re part of a property chain, delays elsewhere in the chain can impact the speed of your transaction.

Final steps to completion

Once you receive a formal mortgage offer, the time to completion depends on the conveyancing process and any conditions of the offer that need to be met. Completion can typically take an additional few weeks to several months, depending on the specifics of the purchase.

How to speed up the process

Working with a mortgage broker or adviser can help streamline the process. They can ensure your application is complete and accurate, advise on the documentation required, and communicate with the lender on your behalf. Additionally, choosing a solicitor or conveyancer who is responsive and efficient can help reduce delays.

How can a mortgage adviser near me in Kent assist with remortgaging?

A mortgage adviser near you in Kent can be invaluable when it comes to remortgaging, offering a range of services and expertise to ensure you find the best deal for your circumstances. Remortgaging involves switching your existing mortgage to a new deal, either with your current lender or a different one and can be a strategic move to save money, borrow more, or adjust your mortgage terms to better suit your current financial situation.

Assessing your needs and goals

Initially, a mortgage adviser will discuss your reasons for remortgaging, whether it’s to take advantage of lower interest rates, consolidate debts, raise capital for home improvements, or change the type of mortgage you have. Understanding your objectives allows the adviser to tailor their search and advice to your specific needs.

Market knowledge

Mortgage advisers have comprehensive and up-to-date knowledge of the market, including access to deals that may not be directly available to consumers. This insight is crucial for finding the most competitive rates and suitable mortgage products for your remortgaging needs. They can compare various deals across the market, taking into account factors like interest rates, fees, and terms, to identify the best options.

Financial assessment

An adviser will conduct a thorough review of your current financial situation, including income, debts, and outgoings. This assessment helps in determining how much you could potentially save by remortgaging and whether you’re likely to be approved for the new mortgage terms you’re considering. They can also advise on any potential financial implications or costs associated with remortgaging, such as early repayment charges or exit fees from your current mortgage.

Application process

Once you’ve decided on a new mortgage deal, a mortgage adviser can assist with the application process. This includes gathering and submitting all necessary documentation, liaising with the lender on your behalf, and guiding you through any required steps or checks, such as property valuation. Their expertise can help ensure your application is as strong as possible, increasing the likelihood of approval.

Ongoing support

Throughout the remortgaging process, an adviser provides valuable support and advice, helping to navigate any challenges or questions that arise. They can also offer guidance on related financial considerations, such as insurance or additional borrowing needs.

Future planning

A good mortgage adviser doesn’t just focus on the immediate process of remortgaging; they can also provide advice on managing your new mortgage effectively and planning for future financial stability. This might include strategies for overpayments, advice on when to consider another remortgage, or planning for changes in interest rates.

What questions should I ask a mortgage broker or adviser near me in Kent during the initial consultation?

An initial consultation with a mortgage broker or adviser near you in Kent is your opportunity to understand their services, assess how they can meet your needs, and gain insights into your mortgage options. Here are some important questions you should consider asking during this meeting:

What is your experience and background in mortgage advising?

Understanding the adviser’s experience and qualifications can give you confidence in their ability to provide reliable and knowledgeable advice.

How do you get paid? Are there any fees I will be charged directly?

Mortgage advisers can be paid through commissions from lenders, fees charged directly to you, or a combination of both. Clarifying this upfront helps you understand any potential costs.

Do you have access to the whole market, or are you tied to specific lenders?

This question helps you ascertain whether the adviser can offer you a wide range of products or only those from specific lenders, which could limit your options.

Can you help me with government schemes for buying a home?

If you’re interested in schemes like Help to Buy, Shared Ownership, or others, ask if the adviser has experience with these and can guide you through the application process.

How will you determine which mortgage is best suited to my needs?

This question allows the adviser to explain their process for assessing your financial situation and matching you with appropriate mortgage products.

Can you assist with more than just the mortgage?

Some advisers can also provide advice on related products, such as life insurance or buildings insurance. If you need these services, it’s good to know if your adviser can help.

What information and documents do I need to provide?

Knowing what documentation you need to gather can help expedite the mortgage application process.

How long does the mortgage application process typically take?

Understanding the timeline can help you plan accordingly, especially if you have a specific purchase timeline in mind.

What challenges do you foresee with my application, and how can we address them?

An experienced adviser can identify potential issues based on your financial situation and suggest ways to improve your application’s success rate.

Can you explain the steps involved in the mortgage process from application to completion?

Asking for a breakdown of the process helps set your expectations and understand your adviser’s role at each stage.

How will we communicate throughout the process, and how often?

Establishing the preferred mode of communication and frequency ensures you’re kept informed and can reach your adviser when needed.

What happens if my circumstances change after locking in a mortgage?

Understanding the flexibility of your mortgage agreement is crucial in case your financial situation changes.

Can you provide references or testimonials from previous clients?

Hearing about the experiences of other clients can provide insights into the adviser’s service quality and reliability.

These questions will not only help you assess the adviser’s capability and suitability but also give you a clearer understanding of your mortgage options and the steps involved in securing a mortgage.


How do I know if I need a mortgage broker or adviser in Kent?

If you’re feeling overwhelmed by the variety of mortgage options, unsure about your eligibility, or simply looking for the best rates, a mortgage broker or adviser can be invaluable. They can offer personalised advice, save you time by comparing rates and terms across the market, and assist with complex situations like self-employment or poor credit history. If you’re buying a property for the first time, looking to remortgage, or investing in property, professional advice can simplify the process and help you make informed decisions.

What are some of the best mortgage deals currently available in Kent?

The best mortgage deals vary depending on your personal circumstances, including your deposit size, income, credit history, and the property type. Deals that offer low-interest rates, favourable repayment terms, or specific benefits like cashback or free valuations can be attractive. However, the “best” deal is subjective and must align with your financial goals and situation. A mortgage adviser can help identify the most suitable offers for you, considering both the terms and any associated fees.

How can a mortgage adviser near me in Kent help me find the best deal?

A mortgage adviser near you in Kent has access to a wide range of mortgage products, including some that are not available directly to consumers. They can assess your financial situation, understand your needs, and leverage their market knowledge to find deals that match your criteria. Advisers can also explain the pros and cons of different mortgage types, negotiate terms on your behalf, and handle the application process, ensuring you get a deal that suits your circumstances and preferences.

What are the key considerations for getting a mortgage in Kent as a first-time buyer?

First-time buyers should consider the size of their deposit, the type of mortgage most suitable for their situation, and their budget for monthly repayments. It’s also important to factor in additional costs, such as stamp duty, valuation fees, and legal expenses. Government schemes like Help to Buy or Shared Ownership can provide valuable assistance. Getting pre-approved for a mortgage can also clarify your budget and make you a more attractive buyer. Consulting with a mortgage adviser can help navigate these considerations and streamline the buying process.

What are the current challenges facing the property market in Kent, and how can a mortgage broker or adviser help me navigate them?

The property market in Kent, like much of the UK, can be competitive, with demand often outstripping supply, leading to quick sales and potentially higher prices. Challenges such as fluctuating interest rates, stringent lending criteria, and the impact of Brexit on market stability can also affect buyers. A mortgage broker or adviser can offer up-to-date advice on market conditions, help secure mortgage pre-approval to strengthen your position as a buyer, and navigate complex lending criteria to increase your chances of mortgage approval. They can also provide strategic advice on making competitive offers and timing your purchase.

What is the current interest rate for mortgages?

The current interest rate for mortgages can vary widely depending on factors such as the Bank of England’s base rate, the type of mortgage (fixed, variable, tracker, etc.), the loan-to-value (LTV) ratio, and the borrower’s credit history and financial circumstances. Rates are also influenced by market conditions and can change frequently. To get the most accurate and up-to-date information on mortgage interest rates in Kent, it’s advisable to consult directly with mortgage brokers or lenders, as they can provide personalised quotes based on your specific situation.

How can I find out if I'm eligible for a mortgage?

To determine your eligibility for a mortgage, consider the following steps:

Review your finances: Lenders will look at your income, debt-to-income ratio, credit score, employment history, and savings to assess your ability to repay a mortgage.

Credit score: Check your credit report for any inaccuracies and to understand your credit health. A higher score can improve your eligibility.

Use online tools: Many lenders and financial websites offer mortgage calculators and eligibility checkers that can give you a preliminary idea of your eligibility.

Consult a mortgage broker or adviser: For a more comprehensive assessment, consult a mortgage broker or adviser in Kent. They can review your financial situation in detail and advise on your eligibility and the types of mortgages that might be available to you.

Do mortgage brokers and advisers near me in Kent specialise in helping self-employed individuals?

Yes, many mortgage brokers and advisers near me in Kent specialise in helping self-employed individuals secure mortgages. They understand the unique challenges and requirements that self-employed applicants face, such as proving a stable income and meeting lenders’ criteria. These professionals can guide you on how to present your financial information effectively, identify lenders who are more receptive to self-employed applicants, and help you find competitive mortgage deals that suit your situation. They can also advise on the documentation needed to support your application, such as tax returns, business accounts, and SA302 forms.

Do mortgage brokers and advisers near me in Kent offer advice on buy-to-let mortgages?

Yes, mortgage brokers and advisers near you in Kent commonly offer advice on buy-to-let mortgages. They can provide valuable insights into the buy-to-let market, helping both new and experienced landlords understand the financial and regulatory requirements involved. Brokers can compare different buy-to-let mortgage products, advise on criteria such as rental coverage ratios, and help you find competitive rates. They’re also knowledgeable about the tax implications and changes in legislation that could affect landlords, making their advice crucial for anyone considering a buy-to-let investment.

What are the pros and cons of using a bridging loan?


Speed: Bridging loans can be arranged quickly, which is ideal for borrowers who need to complete property purchases swiftly, such as at auctions.

Flexibility: These loans offer flexibility in terms of repayment and can be used for various purposes, including buying a new property before selling your existing one or funding renovations.

Access to property: They enable buyers to purchase properties that might not qualify for a traditional mortgage due to their condition, allowing for renovation and potential profit.


Cost: Bridging loans typically have higher interest rates compared to traditional mortgages, making them a more expensive form of borrowing.

Risk: There’s a significant risk if the plan to repay the loan (e.g., through the sale of another property or refinancing) doesn’t materialise. Failure to repay can result in substantial costs and the loss of the property used as security.

Short term: Designed as a short-term solution, these loans require a clear and viable exit strategy to ensure they can be repaid within the agreed timeframe.

Can mortgage advisers help with commercial mortgages?

Yes, mortgage advisers in Kent can assist with securing commercial mortgages for the purchase of business properties or land. These professionals can offer expert advice tailored to the specific needs of businesses, including those looking to buy commercial premises, invest in property, or refinance existing commercial loans. They have access to a range of lenders who specialise in commercial finance and can negotiate terms to suit your business’s requirements. Advisers can also guide you through the application process, helping to prepare the necessary documentation and financial projections that lenders require for commercial mortgage applications.

Service areas in Kent


Folkestone and Hythe

Tonbridge and Malling
Kings Hill
Tunbridge Wells
Royal Tunbridge Wells

Other service areas
Continue Reading