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MORTGAGE BROKER IN LONDON
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Your Trusted Mortgage Broker In London
Purchasing a house is a major investment that you shouldn’t take lightly. You need professionals in the real estate sector, and that includes a source of financing. London has multiple mortgage brokers that you can approach, but you should always make sure the one you choose has your interests first. Your broker should also have enough knowledge to give you professional advice without taking advantage of you. At Turkin Mortgage, we give our clients comprehensive services that will ensure you get the best deals in the real estate market.
We Are Experts At Mortgage Refinancing
Mortgage refinancing can be difficult because you have to repay your debts with your current assets. It means getting a new loan that consolidates all your previous debts, which is a complex process that involves money transfer and renewal of loan terms. The steps involved can be confusing, but we will help you understand them and determine the best process for your situation.
Our London Based Mortgage Brokers Offer The Following Services
First-Time Buyers
Mortgage Refinancing
Mortgage Renewals
Competitive Private Mortgage Rates from Various Lenders
Second Mortgage
Self-Employed Mortgage
Construction Financing
HELOC
$1000 Cash Back or Free iPad
When You Close With Us!
Why Us
We Make Your Closing Hassle-Free
Closing a mortgage is a hectic process that can involve a lot of challenges. You should get a team of professionals that can handle different situations according to your specific needs. Our experts will ensure you get the loan you need, whether you’re buying a new house, a commercial property, or looking for a debt consolidation loan. Contact us today, and we will give you the best solution to your specific needs.
We Help You Find The Best Mortgage Rates Out There
We understand that buying a property requires a lot of money that you may not be able to handle on your own. The regulations surrounding property ownership in London have also made it more difficult for prospective property buyers to achieve their dreams. We are here to ensure you overcome any challenge by giving you the best mortgage deals and rates. Our professionals will help you understand the various conditions included in the mortgage you want. We also work with reputable lenders that will give you affordable terms.
Best Stress-Free Mortgage!
We Will Answer Your Phone Calls!
Have Your Financial Interests In Mind!
Get You Rates Others Will Not!
Mortgage Offers
...pick the one thats right for you.
Featured Mortgage Rates
starting from
6.45%| Term | Rate |
|---|---|
| HELOC | 6.45% (Prime rate) |
| Lender | Rate | Term |
|---|---|---|
 Lendwise |
4.19% | 5 year |
 First National Financial |
4.44% | 4 year |
 RMG Mortgages |
4.44% | 3 year |
 Street Capital Bank |
5.34% | 2 year |
 TD Bank |
4.84% | 1 year |
| Term | Rate |
|---|---|
| 5 year variable | 5.3% (Prime - 1.15%) |
| 3 year variable | 5.6% (Prime - 0.85%) |
| Term | Rate |
|---|---|
| Line of Credit | Starting at 7.2% |
| Equity Loans | Starting at 6.5% |
| Private Mortgages | Starting at 5.99% |
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What Is A Mortgage?
A mortgage is a type of loan you get when you have a property, or you intend to buy a property. The agreement is usually between you and a mortgage provider, and it includes details such as principal loan amount, payable interest, and payment plan.
As a borrower, you’ll give a lender collateral that serves as security when you fail to keep up with payments.
We Offer You Personalized Services
Every property owner has different needs and financial capabilities. Turkin Mortgage in London understands this and strives to understand the unique needs of every client before offering any service. Some of the factors we consider when getting you a mortgage include terms of the loan, the mortgage fees, and the various rates involved. We will discuss the mortgage options with you and let you choose the perfect one.
We Help You Save Time And Money
Although you can always find a lender without the help of a broker, it is a time-consuming process that may end up being too expensive. Our company is here to ensure you get professional assistance and the best deals. We have a relationship with a lot of lenders, which means we bring a lot of options that you can compare and choose the most suitable one. We can also help you find a pre-approved mortgage if that is what you prefer. With our connection with lenders, you’re guaranteed to save a lot of time and money.
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What Mortgage Payment Choices Do I Have?
Mortgages usually have two main payment plans such as:
Open payment plan
This plan allows you to make payments at any point during the loan term without incurring any penalty. Because of this, they have shorter payment terms that range between six months to three years. Interest rates vary, but they are higher than in closed plans.
Closed plan
This plan isn’t as flexible as the open plan, but they have lower interest rates. You can also make lump-sum payments, but completing the payment before time may result in penalties.
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What Are The Benefits Of A Pre-Approved Mortgage?
The main benefit of a pre-approved mortgage is the simplicity and quickness process. The lender will require your credit rating as well as your financial information to determine the amount you can borrow. This process saves you time by letting you know the amount you can afford. It also shows you the ideal monthly payment amount, thereby allowing you to budget efficiently. The pre-approval process also has no obligations, which means you can decline the offer without incurring any costs.
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Fixed Vs. Variable Rates
Fixed interest
As the name suggests, fixed interest rates don’t change during the term of the loan. They offer more stability by letting you know the exact monthly payments you need to make, but they are higher. As such, they are mostly suitable for borrowers on a tight budget.
Variable interest
Variable interest rates, on the other hand, change with the prime rate. They are lower than fixed rates, but the uncertainty can be stressful.
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How Much Do I Need For The Down Payment?
The down payment requirement in London is 20% of the price of the property. However, first-time homebuyers are usually expected to pay at least 25% of the cost of the property. It’s important to remember that the more you pay, the lower your interest will be.
Turkin Mortgage Team in London are here to answer all your questions. Feel free to contact us for more information.
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Terms That You Should Know When Closing A Mortgage
Popular terms used when closing a mortgage include:
Loan to Value Ratio: This is the mortgage amount versus the property value
Mortgage Term: The mortgage term is the duration of your loan agreement. You can always renew your loan term or look for a new mortgage lender
Mortgage Loan Insurance: If you make a down payment that is less than 20% of the price, then you’ll need mortgage loan insurance. The amount you borrow determines the insurance cost
Property Transfer Tax: This is the tax required when one property owner transfers the property to a new owner
Appraisal and Inspection Fee: An appraisal is an evaluation done to determine the value of the property, while the home inspection fee is the amount you pay for an assessment of the integrity of the house
Down Payment and Deposit: The down payment is the percentage of the price of the property you have to pay from your own pocket. The deposit is the amount you pay to secure the property
Prepayment Option: This is an option used to make early specific payments. Some of the options have penalties, but others don’t
You have questions. We are here to help!
OUR CUSTOMERS LOVE US
Was looking for a mortgage broker in Toronto. Heard about Leon and his team from a co worker and decided to give them a call. after some time on the phone talking about mortgages and what would work best for me I was VERY impressed. They were polite and most importantly they knew what they were talking about. We then scheduled an appointment and I got my mortgage with a great rate. Definitely recommend.
Got tired of sow service and mediocre rates from my bank, so I started looking for a mortgage broker. Had some family friends recommended Leon and his team, so decided to check them out. Was very impressed with Leon, he guided me through step by step, recommended a mortgage and I ended up switching to him. My rate is better and he always answers call and emails right away.
A little while back my wife and I finally decided to stop renting and get a place of our own. After some searching we found a condo we both liked and that was in our price range. The next step was a mortgage, but honestly, neither of us knew too much of what we were getting into. We found Leon and his team after a quick search on google and have had a wonderful experience. Leon and his team of mortgage brokers are VERY knowledgable, polite, work fast and just all around very professional. They answered all our questions and we got a great rate.
Getting a private mortgage was not easy to be honest, but at least with Mr. Leon it was doable. Thank you for your help!
Going through with this company was my best decision. These Burlington mortgage brokers are real professionals. They helped me to save thousands of dollars, I'm not sure I'd find such a good offer myself.
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