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We offer a comprehensive range of products from across the market but not deals that you can only obtain by going direct to a lender.
If you are purchasing a property with the help of a shared equity loan, our advice will also cover the shared equity second charge. However, we do not advise on any other second charge mortgages. If you need a second charge mortgage we will refer you to a master broker for second charges, who will be able to advise you.
A Buy to Let mortgage taken out for the purpose of business is not regulated by the Financial Conduct Authority (FCA).
We will advise and make a recommendation for you on a first charge mortgage after we have assessed your needs. You may request an illustration from us for any regulated mortgage contract we are able to offer you whenever we provide you with information specific to the amount you want to borrow following assessment of your needs and circumstances.
Your home may be repossessed if you do not keep up repayments on your mortgage.
If you are looking to increase borrowing secured on a property that you already have a mortgage on, the following alternative finance options may be available and may be more appropriate:
The Openwork Partnership does not offer advice
on Unsecured Lending or Second Charges.
If we charge you a fee and your mortgage does not go ahead, you will receive: No refund, if you decide not to proceed with the purchase.
A fee of between £300 and £1250 is payable; 50% before received Agreement in Principle, other 50% when full mortgage application submitted. The total fee will be based on your personal circumstances, employment record and credit history. We will provide you with written confirmation of your fee prior to the commencement of any chargeable activity. We will also receive commission from the lender.
If you’d like to know the range of commission payable from our lenders, please ask me for a list. You will receive an illustration when considering a particular mortgage, which will tell you about any fees relating to it. It is important that you read and understand the illustration.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Yes, a lot of lenders will accept pre-settled status. For significant numbers of lenders, customers who receive either ‘Settled’ or ‘Pre-Settled’ status will be subject to normal residential and buy to let policy and lending criteria.
All based on circumstances and contract, there is a numbers of lenders who can accept mortgage application if you just started your new permanent contract.
Yes significant numbers of lender will accept Income from probationary employment if the probationary period is part of a permanent contract.
The payout from a life insurance plan is normally tax free. However, if the plan is not set up in Trust, you should remember that any benefits paid are likely to form part of the deceased’s estate and and can be subject of inheritance tax, unless the money is being paid to a charity.