Mortgages

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Mortgages

Would you prefer to talk face to face? Find out about our Mortgage Clinics.

Benefits

Finding a mortgage can be time-consuming and confusing. That’s where we come in.

Over the past two years, our Mortgage Advice Service has helped over 6,500 people and here’s why:

Our advice is free

We’re totally independent and impartial

We provide access to the whole of the mortgage market

Our team has access to exclusive deals which aren’t available directly from the high street

We can help you with:

Remortgaging Change your mortgage provider without moving house.
Mortgages for first-time buyers A mortgage for someone who has never bought a property before.
Help to Buy Government schemes for first-time buyers to help make home buying easier, requiring as little as a 5% deposit.
Mortgages for home movers Help for those who are moving property and considering a new mortgage.
Buy-to-let Mortgages for those looking to purchase a property to let to tenants.
Mortgage protection Insurance that covers your mortgage for a set period of time if you’re unable to work due to accident, sickness or unemployment.
Conveyancing The legal process you must go through when you buy or sell property.
Home insurance Cover for both your property and its contents.


Your home may be repossessed if you do not keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.
Police Mutual provides free mortgage advice and receives a commission from the mortgage lender which we use to fund this service.

Help to Buy

Enquire online or call 0800 032 5333 to see how we can help.

If you’re looking to get on the property ladder, the government backed Help to Buy equity loan scheme may be something you wish to consider.

It enables borrowers with a smaller deposit to get on the first rung of the property ladder.

The below provides details of the Help to Buy scheme in England, however there are slightly different schemes depending on where you're buying in the UK - England, Scotland, Wales or Northern Ireland. Our friendly team can walk you through the scheme which is applicable to you.

How it works

 The scheme applies to all new build properties in England worth up to £600,000.

 Each borrower's contribution is supplemented with a loan from government worth 20% of the property's value.

 The loan is interest-free for the first five years and is then charged at 1.75% in year 6 and increases each subsequent year after that.

 The remaining amount is obtained from a traditional mortgage lender.

FAQ

The size of your deposit can make a difference to mortgage rates and payments. We can arrange for an adviser to discuss this with you.

- Mortgages provided by lenders using Help to Buy indemnity are not restricted to first-time buyers but borrowers are not allowed to own all or part of another property anywhere in the world. So they are not available to buy-to-let investors or holiday home buyers.

- The maximum loan size is dependent on which scheme is applicable to you, based on where you're buying in the UK - our friendly team can advise. 

- Help to Buy mortgages are available throughout the UK and can be used by UK residents and foreign buyers who meet the lenders' usual criteria regarding affordability, credit history and so on.

Help to Buy is strictly confined to new-build properties as it aims to help people get onto and move up the property ladder, as well as boosting the construction industry and associated businesses.

Police Mutual provides free mortgage advice and receives a commission from the mortgage lender which we use to fund this service. Other fees may be payable.

Your home may be repossessed if you do not keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.
Police Mutual provides free mortgage advice and receives a commission from the mortgage lender which we use to fund this service.

Conveyancing

An award-winning conveyancing service

We’ve teamed up with Premier Property Lawyers, a wholly owned subsidiary of My Home Move which is the largest conveyancing firm in the UK, to look after the legal side of your move.

This award-winning conveyancing service is available in England and Wales and has the following benefits:

A dedicated conveyancer

You will be assigned your own personal conveyancer to guide and assist you through the entire conveyancing process.

Regular updates on your case

You will receive regular status updates via email, SMS, phone call or letter, whichever you prefer.

Free buyer protection If your purchase does not proceed to exchange of contracts through no fault of your own, we'll reimburse you up to £1,850* in mortgage lender arrangement fees, valuation fees and solicitor disbursements. Available in England and Wales only.
No move, no fee If your sale falls through completely, through no fault of your own, we won't charge you our lawyer costs.
Access to e-Way A leading online service for PC, tablet and smartphone that allows you to track your case 24/7, review and upload documents and check the status of your case wherever and whenever you want.
Fixed fee policy We don't have any hidden extras or try to hide things in the small print. Our fees won't change unless your instructions do.
Mobile friendly Our secure mobile site allows you to log in and check updates on your file - whatever time, from wherever you are.
Longer opening hours Premier Property Lawyers are available at a time to suit you, 8am to 8pm most weekdays and are open at the weekend too. Check the opening times here.

*Terms & Conditions apply, please contact a member of the Mortgage team at mortgage@pmas.co.uk for more information.

If you require conveyancing in Scotland, please contact us for more information on the service we provide for that region. Unfortunately, we do not currently provide a conveyancing service for Northern Ireland.

Your home may be repossessed if you do not keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.
Police Mutual provides free mortgage advice and receives a commission from the mortgage lender which we use to fund this service.

Personal and Family Protection

Enjoy peace of mind protection through our specialist advice service.

Your consultation and advice is free – there’s no obligation to buy

You receive a one-to-one review to understand your protection needs

We provide access to the full range of leading products from all UK-based providers

We’re independent so you receive specialist, unbiased advice from us

Protection products

Life assurance - We can advise on various types of life cover.
- This can be used to pay off your mortgage so that the liabilities are not passed on to your dependants or loved ones.
Critical illness cover - This pays a lump sum in the event of a specified critical illness.
- It could help you pay for things like private treatment, changes to your home or paying off all or part of your mortgage.
Accident, sickness & unemployment - This covers your mortgage payment if you're unable to work due to an accident, sickness or unemployment.
- Payments are usually made for a period of up to 12 months.
- If you'd like to be covered for longer than this you may want to consider taking out income protection.
Income protection - This provides a tax-free monthly income if you're unable to work due to an accident or sickness.
- Payments are made until you are able to return to work.

FAQ

In order to apply for cover you must be a UK resident and at least 18 years old at the time of applying.

Our independent advisers will search the whole of the market and all of the leading insurance providers in the UK to find the most suitable cover for your individual needs. We’re not tied to one particular provider, which means we have access to the full range of products available and at competitive rates.

This depends on your individual circumstances and there are a few factors you may wish to consider. Our independent advisers will establish your needs by asking you a number of questions – this enables us to research the market so we can recommend the most suitable products for your requirements.

Most insurers will allow you to make changes to your policy during the term of the cover. These changes can include:

- a different term length
- increasing or decreasing amounts of cover
- removing a life on joint life policies if cover is no longer required for that person
- changing the frequency of your premium payments between monthly and annually

Yes, you can cancel your policy. However, before doing so, you should consider the implications of not having sufficient life insurance in place should the worst happen.

Yes, plus this can help protect your beneficiaries from inheritance tax or to help avoid probate.

Life insurance - designed to help make sure your family is financially protected if you die during the term of your policy. A cash sum could be paid out and used by your loved ones to help with everyday living expenses, child-care costs or paying the mortgage.

Decreasing life insurance - designed to protect a repayment mortgage, the amount of cover reduces as your mortgage balance does.

Serious/Critical Illness Cover - usually available when you buy life insurance. It’s designed to pay out your chosen amount of cover if you are diagnosed with one of a large number of specified critical illnesses during the term of the policy.

Income Protection - designed to replace your income with a monthly payout should you be unable to work due to injury, illness or unemployment.

Police Mutual provides free protection advice and receives a commission from the provider which we use to fund this service.

Calculate Stamp Duty

Stamp Duty is a land tax which applies to any property purchase over £125,000.

If you’re moving home, it’s important to understand how much Stamp Duty you’ll need to pay so that you can budget for it before making an offer. Our helpful calculator below can help you work this out.

On residential properties, it can range between 0%-12% depending on the purchase price.

Important note for first-time buyers – you can benefit from reduced Stamp Duty costs on properties up to a value of £500,000. Read our Autumn Budget 2017 article to find out more.

Calculate your stamp duty

Calculate

Last updated November 2017


Your home may be repossessed if you do not keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.
Police Mutual provides free mortgage advice and receives a commission from the mortgage lender which we use to fund this service.

Mortgage Clinics

Our local clinics are run regularly throughout the year and are free to attend, giving you the opportunity to discuss your mortgage needs with an independent and impartial adviser.

Whatever situation you’re in, we can help:

Thinking of buying your first home
Moving house
Looking to remortgage
Hoping to help your children get onto the property ladder
Simply wanting to chat about your current mortgage

Complete the form below, selecting your force/federation (or your family member's) and then choosing a date from the drop down options:

Your home may be repossessed if you do not keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.
Police Mutual provides free mortgage advice and receives a commission from the mortgage lender which we use to fund this service.


These advice services are provided by Mortgage Excellence Plc trading as Police Mutual, more information is available on our legal page.