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Mortgage Services

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Residential Mortgages

Residential mortages

At BSL Financial Services, our team of dedicated experts have many years of experience offering practical mortgage advice. 

A residential mortgage is a long term loan to enable a person to purchase a property in which they will live. The loan is secured against the property which is repaid  over a specific period of time and the interest on a residential mortgage is tax deductible under most circumstances. 

Thanks to our wide rage of products, we can accommodate the individual needs of our clients, who can also leverage our in depth knowledge.

Whether you’re planning to refinance or buy your first home, our goal is to help you qualify for the loan that becomes an integral and stable part of your long-term financial plan. 

Book a free consultation with one of our dedicated experts to discuss your requirements,or to learn more about residential mortgages, contact our offices today… LET’S TALK!

First Time Buyers

First Time Buyers

Buying your first home can be both an exciting and nerve-racking experience. The exciting bit is having your own front door and space to call your own; the nerve-racking part can be finding somewhere you can afford, saving enough for the deposit, and getting a mortgage product that’s right for your financial circumstances.

Before you start looking for a property to buy, it makes sense to take advice. We can help you work out how much you’re likely to be able to borrow, and give you useful hints and tips that will help you prepare for the mortgage application process. We know what’s happening in the market, so we can help you make your mortgage application to the most appropriate lender when the time is right.

As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments

Buy To Let

Buy To Let

Purchasing a buy-to-let property or buying property as a limited company are powerful tools both for seasoned investors and for new landlords looking to take their first steps into the rental property market.

The BSL team can help you secure the right buy-to-let mortgage to help you achieve competitive returns on your financial investment. LET’S TALK!

Let To Buy Mortgages

Let To Buy Mortgage

Helping you move on without the need to sell your current property.

A loan that one or more persons receive in order to buy a house or other residential property in which they will live. The loan is secured by a lien on the property; the borrowers repay it over a specified period of time. The interest on a residential mortgage is tax deductible under most circumstances.

Let to buy is a process that helps you move house if you’re struggling to or don’t want to sell your current property. There are a number of circumstances when let to buy can be a suitable option for home owners. Perhaps your current house has dropped in value, or you need to move quickly and the market isn’t moving as fast as you need it to.

How does let to buy work

With let to buy you convert the residential mortgage on your current home to a buy to let mortgage and release equity that can be used to purchase a new home. By releasing equity and converting to a rental property you free yourself from the property chain, allowing you to move and purchase a new home, with a new residential mortgage, much faster.


What do I need to be aware of when converting the residential mortgage on my current home to a buy to let mortgage?

Before proceeding converting your current residential mortgage to a buy to let mortgage, it’s important to understand the differences between the two mortgage types. Buy to let mortgages are similar to residential loans, but there are minor differences you should be aware of. Generally, buy to let mortgage rates are higher than residential mortgages, and it’s likely that you will need to have a loan to value ratio of at least 75%. When converting your current home to a rental property, the lender will want to see evidence that the rental income from your property will comfortably cover the mortgage repayments when it is converted to buy to let. It’s therefore a good idea to speak with local letting agents or look at local property listings to give you an idea of the monthly rents for similar properties in your area. It’s also important to consider the implications of being a landlord. There are a number of important considerations to make before entering into the buy to let market; such as the legal implications, insurance responsibilities, property maintenance and mortgages are all aspects which need to be planned ahead of time.


How is the process of converting to a buy to let property and getting a new residential mortgage managed?

When proceeding with the let-to-buy process the rental and residential mortgages are arranged at the same time. This means the lender or lenders are both aware of your current and future property purchase. It’s important to understand that let to buy transactions are more complex than standard residential mortgages or buy to let mortgages. This is because applying for two mortgages at once is complex and the process needs to be managed as a whole to avoid hold ups. Seeking specialist advice from an independent mortgage adviser like BSL is important. Our experts are here to offer you the best advice and guide you through the whole process.

Second Charge Mortgages

Second Charge Mortgage

Second charge mortgages are often referred to as second mortgages because they have secondary priority behind your main (or first charge) mortgage. They are a secured loan, which means they use the borrower’s home as security. Many people use them as a way to raise money instead of remortgaging.

A person can take out a second charge mortgage for a variety of purposes, such as home improvements, deposits for additional property purchase, business, wedding etc. A second charge mortgage allows you to use any equity you have in your home as security against another loan, and means you will have two mortgages on your home. 

Equity is the percentage of your property owned outright by you, which is the value of the home minus any mortgage owed on it. For example, if your home is worth £250,000 and you have £150,000 left to pay on your mortgage, you have £100,000 equity. A second charge mortgage can be a loan  of anything from £1,000 upwards. Lenders now have to comply with stricter UK and EU rules governing mortgage advice, affordable lending and dealing with payment difficulties. This means that lenders now have to make the same affordability checks and ‘stress test’ the borrower’s financial circumstances as an  applicant for a main or first charge residential mortgage. Borrowers will now have to provide evidence that they can afford to pay back this loan.  If you need  to raise extra cash for a specific reason, without disturbing your existing mortgage arrangements, this can be the ideal choice.

For more details on what an affordability assessment might involve, and the evidence you may be required to provide to support your second mortgage application, book a free consultation or contact our offices today, LET’S TALK!

Equity Release

Equity Release

Equity release refers to a range of products that let you access the equity (cash) tied up in your home if you are over the age of 55. You can take the money you release as a lump sum or, in several smaller amounts or as a combination of both.

Lifetime Mortgages

You take out a mortgage secured on your property provided it is your main residence, while retaining ownership. You can choose to ring-fence some of the value of your property as an inheritance for your family. You can choose to make repayments or let the interest roll-up. The loan amount and any accrued interest is paid back when you die or when you move into long-term care.

Equity release can be a financial lifeline for older people who find themselves in need of cash, often living on small incomes despite living in properties worth hundreds of thousands of pounds.

Moving house can be an expensive and stressful process at any age. Many older people would prefer to stay put and benefit from the ‘equity’ or value tied up in their homes, and equity release schemes allow them to do that.

There are various types of plan available to home owners aged 55 and over. With Lifetime Mortgages where the interest is rolled up, a loan is taken out on the property to provide a lump sum, an income or a combination of the two. No interest is payable until the home is sold, this could be when you and your partner have both died or gone into long-term care.

With a Lifetime Mortgage with a drawdown facility, you can take your cash in stages. This can be useful as it gives flexibility and the reassurance that you can access further funds at some point in the future should you need them. Interest is also only charged on funds when they are drawn down.

More and more people are using equity release to help enjoy a comfortable retirement, pay down debts, boost their income or plan capital expenditure.

Professional advice is essential; equity release isn’t the right solution for everyone as these schemes are expensive and inflexible. Releasing cash from your home reduces the value of your estate and the amount of inheritance you leave, so you should involve your children and dependents from the outset. The Financial Conduct Authority do not regulate Bridging / Commercial loans and certain types of Buy to Let Mortgage and some investment mortgage contracts.

Your Home is at risk if you do not keep up repayments on your mortgage or any other loan secured on it. Equity Release – This is a Lifetime Mortgage or home reversion plan, to understand the features and risks, ask for a personalised illustration. Under no circumstances should any of the information contained within this website be construed as “advice”. You should seek professional advice in respect of your own circumstances.



A remortgage is where you take out a new mortgage on the property you currently own, either to replace your existing mortgage, or to borrow additional funds against your property.

In some cases, homeowners can save hundreds of pounds a year by moving their mortgage to a more attractive rate. Remortgaging can also work if your property has increased in value and you want to release some money from the equity tied up in your home, or if you want to reduce the term of your mortgage by increasing your monthly payment.

As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments.

Specialist Mortgages

Specialist Mortgages

If your mortgage needs aren’t as straightforward as those described above, don’t worry, we can still potentially help you find the mortgage you need. So, if you’re looking for a self-employed mortgage or maybe you need a larger than normal mortgage, say for over £1m. If that’s the case, then we can advise you on lenders and private banks we use which specialise in catering for larger, more complex financing deals.

As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments

Free Initial Mortgage Consultation

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We have access to whole of mortgage market from residential, commercial and protection that means we can find the most suitable deals for you.​

Protection & Insurance

We like to think we are getting in to a lifetime relationship with you when we arrange a mortgage for you. It means we are committed.