Fee Free Mortgage Broker
Alexander Southwell Mortgage Services
You find the home & We’ll find you the loan
Find expert mortgage services with Alexander Southwell. Call us on 03300 432428 to talk with our experienced mortgage broker team, or complete our contact form for a call back. We can search the entire mortgage market to find you the best product.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Fee Free Mortgage Brokers & Adviser Services
Alexander Southwell is a fee free mortgage broker. We give expert mortgage advice, find the right mortgage for you and do all the hard work to apply for a mortgage – completely free of charge. We do not need to charge you a large broker fee to get a mortgage, we get paid by the mortgage lender after your home purchase or remortgage is completed.
Most mortgage brokers get paid by the lender this way. It’s called a procuration fee or ‘proc fee’.
For insurance products, we’re paid by the insurer when you complete the purchase and your cover starts.
The details of the fees we earn from lenders and insurers are set out in the product information we send you. What we pay our advisers reflects their expertise in finding you the right mortgage or insurance. We do not offer them incentives to pick specific lenders or insurers.
Our main focus is you, the client, and making sure we find you the most suitable mortgage available. So the entire process from your initial enquiry to you actually getting on the property ladder is a smooth one. We like to show people why to use a mortgage broker and why we are highly recommended.
Some Buy To Let mortgages are not regulated by the Financial Conduct Authority
Unlocking Your Dream Home: Choose Us as Your Fee Free Mortgage Broker
1. Expertise in the Mortgage Market
2. No Hidden Costs: Fee Free Mortgage Broker
3. Independence and Choice
4. Cost-Efficiency
5. Personalised Mortgage Advice
6. Mortgage Repayment Calculator
7. Right Mortgage Deals at Your Fingertips
FEE FREE Mortgage Advice
Don't Just Take Our Word For It, Check Out Our Client Reviews . . .
Alexander Southwell Mortgage Services love providing fee free mortgage advice in Southampton & across the UK.
We believe that any interaction with us will be a positive experience because our mortgage brokers do their best to help you achieve all your mortgage goals!
Opting for a mortgage broker is key when seeking home financing.
These experts provide tailored advice, navigating diverse loan options beyond your own bank. With a keen understanding of individual circumstances, mortgage brokers deliver personalised solutions, making them indispensable mortgage experts in securing optimal terms for your homeownership journey.
When you use us, our independent mortgage adviser that helps you with your mortgage journey will have the most up to date knowledge of the industry. All mortgage providers will be assessed as we are whole of market brokers. Many mortgage brokers charge hidden fees at application stage or offer stage, especially if you have a bad credit history but with out independent mortgage advice you can rest assured you will get the best mortgage rates and fees based on your unique situation.
Mortgages in 6 easy steps
Fee Free Mortgage Brokers & Advisors throughout the UK, we get paid from the mortgage lender therefore we do not need to charge any large fee to the customer. So our only motivation is to get you competitive mortgage rates and find the right mortgage deal for you.
1. Initial Discussion & Fee Free Mortgage Advice
2. Review your mortgage options
We get straight to work on finding you competitive mortgage rates. We explore our panel of lenders and look at the mortgage lending criteria for you. We’ll make affordability and credit assessments ensuring the recommendations we make are suitable to your individual needs.
3. Share our mortgage recommendations
We’ll illustrate the facts and figures in an easy to understand presentation, including competitive mortgage rates & the right mortgage deal for you and the justifications behind the recommendations. We will consider interest rate, stamp duty, whether the lender will charge a fee or be fee free, How long the application process will take.
4. Package & submit a full mortgage application
We may be in touch if they require any further information, otherwise we’ll simply keep you informed as they consider your application. From application to mortgage offer stage on average takes between 2/3 weeks for the mortgage lenders to issue this.
5. Get protected
While your lender’s reviewing your application, it’s time to make sure you can still pay your mortgage if the unexpected happens so you’re protected against losing your home. It’s a tough one to think about, but you might get too ill to work, for example. Your mortgage broker will be in touch to make sure you have enough mortgage protection for: Long term sickness and disability, life threatening critical illness and early death (Life Insurance).
6. Oversee the process to mortgage completion
If solicitors are introduced, don’t worry. We’ll assist you with their paperwork and we can talk to them on your behalf. Our mortgage brokers act as the middleman right through to mortgage completion.
Mortgage Broker FAQs
Is it better to use a Bank over a mortgage adviser?
One of the biggest benefits of working with a broker is the simplification of the market comparison and application processes and help you find the right mortgage.
Once you have provided your broker with a few basic details, they will typically handle most of the subsequent complexities on your behalf. Working with an broker also means gaining access to honest and personal information, which is rarely available directly from a bank or lender.
Even if your circumstances are complex, like bad credit or self employed mortgages, a good broker will be able to help you.
Brokers can also provide access to some exclusive deals you won’t find on the High Street, often from lenders that do not work directly with the public.
- Expertise – An experienced and reputable broker can also help you choose from the various mortgage products and home loans available, ensuring you make the right decision to suit your requirements and your budget.
- Simplicity – The job of the mortgage broker is to do most of the hard work on your behalf, find deals from an extensive panel of lenders to find your perfect mortgage.
Which Mortgage Lender offers the best interest rates?
This is forever changing, lenders regularly change the mortgage products they offer.
The excellent news is though, we have an extensive panel of lenders, this means we have access to competitive interest rates and deals in the UK. This includes all high-street lenders such as Halifax, Barclays, Nationwide, Santander, Natwest and many more. Whatever your situation, we will help you achieve the right available mortgage interest rate and deal. We will give the right mortgage services advice and guidance suited to your situation with competitive available rates and deals. Our team of advisers will complete everything for you whilst supporting you every step of the process.
We are your online & face to face mortgage brokers offering a customer-focused service that is fee free!
Using a mortgage broker won’t make the whole process stress free but with us being fee free it takes one less cost away for you not to be concerned about.
Can we help get you a mortgage if you’re self-employed?
While it can seem like a trickier process, self–employed people can still successfully apply for a mortgage. Make sure you’re prepared with at least two to three years’ of financial documents as this is the amount some lenders will require. Keep your personal and professional bank accounts separate, and registering for the electoral roll can help lenders to confirm your identity.
As always, it’s important to consider any personal and future circumstances when securing a mortgage, and seek professional advice to ensure you’re aware of the options, our mortgage services team is here to guide you through the whole process and help you get your dream property.
How long will it take for my mortgage application to be approved?
There are different levels of approval throughout the process of getting a mortgage agreed so it depends what part of the process you are in. After speaking to our mortgage consultant we can take you through every step to all three of these agreed for you:
- Affordability Check – Some clients are at the very beginning of their mortgage application process, therefore they might not currently have saved the correct deposit or be in a positions to move forward. We can offer a basic affordability check and provide further information to clients to let them know what they need to do and where they need to get to, to get them mortgage ready.
- An agreement in principle can be obtained instantly in some circumstances but usually will take a few hours if needed that fast. This is where we gather all of the relevant information from yourself, search our panel of lenders, find a suitable lender who fits with your affordability and then run through the lenders credit checking system to make sure this fits with there criteria. Once this has been done the lender will issue us with a certificate stating the amount you can borrow in principle. This puts you in a perfect position to find a property and start negotiations with the estate agent.
- Mortgage Offer is where both you and the property you are purchasing have been approved by the lender. We have discussed your monthly payment, insurance protection and found the right mortgage for you. Approval requires a valuation to be conducted on the property and this whole process on average will take 2/3 weeks. Each application is different though, it doesn’t matter whether you are a first time buyer, home mover or buy to let investor, some applications take 1 week and some can take up to 4 weeks depending on the full situation.
I would like to invest in a rental property is this something you can help with?
Yes, our brokers at Alexander Southwell Mortgages bring a wealth of experience across various mortgage types, including the increasingly popular buy-to-let mortgage. For more detailed information, we invite you to visit our Buy to Let Mortgage page. There, you’ll find insights and guidance tailored to this specific type of investment, reflecting our deep understanding and expertise in the field.
What is LTV?
Lenders frequently mention the ‘LTV’ requirement, which stands for Loan to Value Ratio. This term describes the relationship between the amount of the loan and the value of the property you’re purchasing. For instance, if you’re borrowing £255,000 for a property worth £300,000, the LTV is 85% (255,000 divided by 300,000). The remaining 15% represents your equity in the property. Understanding LTV is crucial in assessing your mortgage options and requirements.
What fees might I incur when taking out a mortgage?
When applying for a mortgage, finding suitable monthly repayments should not be your only concern, you might encounter several types of fees, including:
- Valuation Fee: This is charged by the lender to assess the property’s value, usually paid upfront with your application.
- Solicitors’ Fees: These are for the conveyancing work done by your solicitor. You’ll typically pay a portion upfront upon instructing them, with the balance due upon completion.
- Stamp Duty Land Tax: A tax on property purchases.
- Lender Arrangement Fees: Charged for setting up your loan, this can often be added to your loan amount, though it will increase the total loan size.
- Booking Fee: This is for reserving the funds for your mortgage, generally paid alongside your application.
- Estate agents fee: If you are selling a property and not a first time buyer, then you will need to factor this in to your new home costs
And a note on broker fees: While some other mortgage brokers charge up to 1% of the mortgage amount, at Alexander Southwell Mortgages, we operate on a fee-free basis, so that’s one less cost for you to worry about!
What parts of the country do you cover?
We cover the whole of the UK. From Southampton, where our head office is based, to Salisbury, Liverpool to Newcastle & Scotland , we’re here to serve your mortgage needs no matter where you are located. You can find us on the financial services register to show we are fully regulated to search for a suitable mortgage based on your circumstances.
