Suite 8, Heronslea House, High Street, Bushey, Hertfordshire, WD23 3HH
admin@ims-uk.net
020 8421 5811
Client Login
020 8421 5811
Client Login
Independent Mortgage Solutions
  • About Us
    • Meet The Team
  • Refer A Friend
  • Mortgage Services
    • Overview
    • First Time Buyer
    • Remortgaging
    • Buy To Let
  • Home Insurance
    • Buildings & Contents
    • Landlords Insurance
  • Mortgage Cover
    • Life Insurance
    • Critical Illness Cover
    • Income Protection
    • Mortgage Payment Protection
  • Contact us
  • About Us
    • Meet The Team
  • Refer A Friend
  • Mortgage Services
    • Overview
    • First Time Buyer
    • Remortgaging
    • Buy To Let
  • Home Insurance
    • Buildings & Contents
    • Landlords Insurance
  • Mortgage Cover
    • Life Insurance
    • Critical Illness Cover
    • Income Protection
    • Mortgage Payment Protection
  • Contact us

Mortgage Services

Overview

Buying a property can be one of the biggest decisions you have to make. It is for this very reason that impartial advice is critical from competent and qualified advisers. Whether you are a first time buyer, looking to remortgage or moving home, Independent Mortgage Solutions is here to support you throughout the whole process.

Our highly experienced advisors provide bespoke mortgage advice tailored to your specific needs.

We compare thousands of mortgage products from a comprehensive panel of lenders, making the process as simple as possible.

We are specialists in:

  • First Time Buyers
  • Remortgaging
  • Contract workers
  • Buy-To-Let and Let-To-Buy
  • Large Loans

Call us today to arrange a free consultation.

Once we’ve helped you find the most suitable mortgage, we’ll secure your home with a comprehensive insurance policy to protect you and your family.

First Time Buyers

Buying a house is one of the most important purchases you will make, and buying a home for the first time will be an even more daunting prospect. Add to this the vast array of mortgage products available from a wide range of sources and you could be left with a high-stress, confusing decision.

At Independent Mortgage Solutions we are here to hold your hand every step of the way and make the process as simple as possible.

Call us today to arrange a free consultation.

Once we’ve helped you find the most suitable mortgage, we’ll secure your home with a comprehensive insurance policy to protect you and your family.

Remortgaging

When you remortgage, you are switching your mortgage to another deal, and frequently, another lender. Many people remortgage to get a better deal on their current mortgage, however you might be thinking about consolidating debts, home improvements or releasing equity to invest in property.

Independent Mortgage Solutions can give you expert advice and help source the most suitable mortgage to achieve your goals and objectives.

The lenders on our panel will often offer a free survey and legal fees to reduce the cost of moving your mortgage.

Debt consolidation is not always the most suitable option, consolidating debts must be carefully considered. It will usually mean more interest over a longer repayment term and there may also be early repayment penalties on your current mortgage, you should think carefully before securing other debts against your home. There are other ways to manage debt such as free debt advice charities, you can find out more by contacting the Money Advice Service, these services may be more suitable for you.

Buy To Let

Becoming a private landlord should not be seen as an easy way of making money. It can be riskier and more complicated. It can also be very time consuming, more than most forms of investment, and there is no guarantee that house prices will rise. That said, having a second property to let to tenants could reap considerable financial rewards over time.

There are 3 main differences in buy to let mortgages:

  • Rent Potential - the decision as to whether or not a mortgage will be offered is usually based on the rent you will earn as well as your income. In some cases, your income is not ever considered.
  • Interest Rate - buy to let mortgages have slightly higher interest rates.
  • Larger Deposit - typically a minimum of 20% or 25% of the property's value is required as a deposit.

When buying a second property to let, you will need to decide whether your primary objective is income or capital growth. In other words, are you looking to make a profit month on month or are you looking to make a profit through increased equity from the second property if it increases in value over time? The decision may affect the type of property you purchase, and the location.

When you manage a property there are many costs involved in addition to the monthly mortgage repayments.

These additional costs include:

  • Property upkeep - maintenance costs for the property.
  • Letting agent's fees - letting agents charge around 10% of the monthly rent for finding and vetting tenants with an additional cost of around 5% if you require a full management service.
  • Ground rent / service charges - applicable to leasehold properties.
  • Legal insurance - to cover costs from evicting tenants in the event of non-payment, very important, as this can be very expensive.
  • Insurance - building insurance and contents insurance for the items provided as part of the rental agreement.
  • Furnishings - the purchase of any furniture. If the property is to be let furnished, make sure you are covered for this by your home insurance.
  • Gas / electrical appliances - cost of maintaining appliances and ensuring they comply with any regulations such as safety tests.
  • Decorating costs - the property may require work ranging from painting, to a new bathroom suite before it is suitable for letting to tenants.

When choosing a property to let, it is wise to take advice from local letting agents to determine; what types of properties are in need and which parts of the town are best or most wanted. They can tell you if there is a University in the town, and if students are looking for somewhere to live.

THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE MOST BUY TO LET MORTGAGES

Client's View

“Garry has been my trusted advisor for some time and has consistently provided sound, timely and impartial advice. I have recommended IMS to friends and colleagues and the feedback has always been superb. IMS provide first class advice and I would urge anyone looking for assistance in navigating the mortgage market to retain their services.”

S Al-Mukhtar

“We have been referring clients to Adam Wilson at Independent Mortgage Solutions for some years now. Our client experience is central to everything we do and so it is very important that any company we refer our clients to adopt the same honest and transparent approach to providing advice. They have proved themselves very capable and knowledgeable in tandem with offering efficient and personal service. I would not hesitate to recommend their services to anyone looking for clear and impartial advice.”

J Batchelar Director – Chartered Financial Advisor NSL Wealth

“I can’t speak highly enough about the service l have received from Tom at IMS. It is everything you want, excellent mortgage rates, knowledgeable advice and an application process that is stress free, seamless and easy. I was in great hands all along the way. Great company to deal with, nice with it too.”

N Hall

“The service and personal attention I received from Darren was first class. He went above and beyond what I was expecting not only making sure my mortgage was competitive but also my mortgage was fully protected with a personally designed protection portfolio to protect me and my family. I would not hesitate to recommend Darren to my friends and family.”

P Powell

How we can help

Mortgage Services

Mortgage Services

Mortgage Cover

Mortgage Cover

Home Insurance

Home Insurance

First Time Buyer

First Time Buyer

Life Assurance

Life Assurance

Buildings & Contents

Buildings & Contents

Contact us for more information

Email the Team

020 8421 5811

Contact Form

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

We normally charge a fee for mortgage advice, however this will be dependent on your circumstances. Our typical fee is £300. Independent Mortgage Solutions is a trading style of IMS (Watford) Ltd. IMS (Watford) Ltd is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority.

Registered Office: 24 Forge End, St. Albans, Hertfordshire, AL2 3EQ. Registered in England & Wales. Company Registration Number 08896150.

© 2019 Terms & Conditions Privacy Policy