What is a mortgage?

A mortgage is a loan that you take out to fund your purchase of property or land if you are not paying for it outright with cash at the start. Buying property or land is often the biggest purchase you are going to make. If you are considering taking out a mortgage to make this acquisition it is important that you understand the process and make sure you can afford the mortgage repayments. 

You will also need to keep in mind the other costs involved in buying a property for example mortgage fees, stamp duty and solicitors fees.

How to get a Mortgage

If you are looking to take out a mortgage to buy a property, you can apply directly to the bank or building society you want to use or you can enlist the help of a mortgage broker. Mortgage brokers can assess your financial situation, guide you on the kind of mortgage you need, research the market of available products, and find the best rates and terms based on what you can afford. Plus often they will be able to access lenders and products not available to you directly. 

SPF Private Clients (SPF)

At Strutt & Parker we work closely with the award winning financial services firm SPF Private Clients. They have been providing expert advice to clients for over 25 years, can access the whole-of-market, and advise across a wide range of mortgage products including:

• Residential mortgages – both purchase and remortgage 
• Buy-to-Let/Investment mortgages 
• High value mortgages 
• Loans for expats and foreign nationals 
• Portfolio finance 
• Bridging finance, including buying at auction or for refurbishments 
• Self-build mortgages 
• Overseas mortgages 
• New-build mortgages 
• Agricultural and estates finance 
• Later life lending (for over 55s) 

Expertly placed to guide you through the mortgage process, they will manage the transaction on your behalf from start to completion, whether you are buying your first home, moving up the property ladder or adding to a property portfolio.

Contact SPF Private Clients 

We recommend you contact SPF who will be able to tell you how much you can borrow and at what rate. 

Mortgage Calculator

You can also visit the SPF Private Clients website and access their range of mortgage calculators, that can help you understand how much you can borrow and more. 

This information is a guide only and should not be relied on as a recommendation or advice that any particular mortgage is suitable for you. 

All mortgages are subject to the applicant(s) meeting the eligibility criteria of lenders. 

Your property may be repossessed if you do not keep up repayments on your mortgage. For Buy-to-Let a ‘receiver of rent’ may be appointed and / or your rental property may be repossessed.

The FCA does not regulate some forms of buy-to-let and commercial mortgages or taxation advice.

SPF may charge a fee for the services/advice provided; this fee will be dependent upon your personal circumstances and will be agreed with you after we have fully understood your requirements. They may also be paid commission by any related lender/insurer.

SPF Private Clients Limited is authorised and regulated by the Financial Conduct Authority (FCA), Financial Services Registration number 189213. The FCA is the independent watchdog that regulates financial services. SPF Private Clients Limited is an authorised credit broker and not a lender.

We routinely introduce our clients to SPF Private Clients Limited (SPF) for mortgage broking services. Should you decide to use the services of SPF, you should know that we expect to receive a referral fee from them of 25% of the aggregate of the fee paid to them by you for the arrangement of a mortgage and any fee received by them from the product provider.