+

Mortgage Advice

With our mortgage advice service, we take the stress out of your big decision.

Mortgage Advice

When you choose Police Mutual to help you find a mortgage, you can rest assured we'll keep you on track and make sure you've got everything you need to make the big decision stress free.

Call us on 0800 032 5333 or enquire online

How much stamp duty will I pay?

If you want to move home, it is important that you establish how much Stamp Duty you need to pay so that you can budget for this before making an offer.

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

Under the new system, the amount of Stamp Duty owed will work in a way much like income tax.

On residential properties, Stamp Duty can range between 0-12% dependent on the purchase price of the property.

As of November 23 2017 first time buyers can benefit from reduced stamp duty costs on properties up to a value of £500,000. To find out more read our Autumn Budget 2017 article.

Calculate your stamp duty

Calculate

Last updated November 2017



Mortgage Advice Benefits

We can help you with:

Re-mortgaging Buy-to-let
Mortgages for first time buyers Mortgage protection
Help to Buy - mortgages with only a 5% deposit  Conveyancing
Mortgages for home movers  Home insurance

 

Your home may be repossessed if you do not keep up repayments on your mortgage.

The advice and recommendation service is free. There is no charge for administering your mortgage application as a fee is received from the lender. Alternatively you can pay 1% of the mortgage and receive a refund of the lender's fee on completion.

Buy to Let Purchase

We have extensive experience in arranging buy-to-let mortgages for Police Mutual members. Have a look at our case study to learn more:

 

Your property may be repossessed if you do not keep up repayments on your mortgage.

For members, Police Mutual provides free mortgage advice and receives a commission from the mortgage lender which we use to fund this service.

There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.

Residential Remortgage

Remortaging might be tricky - but our advisers can help you get the best deal on the market. Have a look at our Residential Remortgage case study.

Residential Remortgage Video

 

Your home may be repossessed if you do not keep up repayments on your mortgage.

For members, Police Mutual provides free mortgage advice and receives a commission from the mortgage lender which we use to fund this service.

You may have to pay an early repayment charge to your existing lender if you remortgage.

Let to Buy

We search the whole of the mortgage market to find the deal that's most suitable for you. Have a look at the case study below to find out more:

Let to Buy Case Study

Your property may be repossessed if you do not keep up repayments on your mortgage.

For members, Police Mutual provides free mortgage advice and receives a commission from the mortgage lender which we use to fund this service.

There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage

FAQ

That will depend on your personal circumstances and one of our mortgage advisers will fully assess your situation. We can arrange for one of our mortgage advisers to speak to you about your options.

We offer mortgages from the whole of the market and an adviser will be able to advise you of the most suitable one for you.  We have a close relationship with the Police service and in many cases we can use our know-how to get you better deals than other mortgage advisers.

The rate that you pay depends on your personal circumstances and our advisers will be able to explain this to you.

How much deposit you have can make a difference to the rates and payments so we can arrange for an adviser to discuss this with you.

For members, 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.

That may not be the case, as we search the whole of the mortgage market, we may be able to help you. One of our mortgage advisers will be able to assess this in more detail.

Most lenders offer mortgages between 5 and 35 years, but this will depend on what is most suitable for you and our mortgage advisers will help you to make that decision.

Most lenders will insist that the mortgage payments are made by Direct Debit but usually on a day that suits you.

Not always, but it will be taken into account by the new lender. Our advisers will discuss this with you.

The lenders will conduct a credit search on you during their underwriting process; however we will make you aware of this closer to the time.

No, however some lenders may require a written explanation and proof of residency for the previous 2 years. Your mortgage adviser will let you know if this is the case.

Yes it can, the lenders will take this into account. You will need to provide evidence of your income.

Police Mutual Assurance Society Limited (PMAS) is an incorporated friendly society. Mortgage Excellence PLC, trading as Police Mutual, is registered in England & Wales No. 03527577. Registered office: Alexandra House, Queen Street, Lichfield, WS13 6QS.

Please see the Legal page for further details.

Close