Residential Mortgages

Residential

Mortgages Made Simple

At impact we offer a wide array of standard and specialist residential mortgages which cover a variety of circumstances and financial situations.

As we're a whole of market, award winning mortgage broker we can give you all the options available within the market, including some exclusive products.

Speak to one of our experienced advisers to see how impact can bring you one step closer to the property ladder.

How can impact help?

We provide top quality advice on all requirements situations and products.

Some Lenders allow their underwriters to work from impact HQ, we can speak to a mandated decision makers on your case and get a response quickly.

We also have access to various exclusive products, some with high income multiples, to help you onto the property ladder. Some of our products are exempt from fees, saving you money on legal and valuation costs.

First Time Buyers

Over 55's

Self Employed

Right to Buy & Other Schemes

Equity
Release

Debt
Consolidation

First Time Buyers

Are you a First Time Buyer? Do you wish to buy a property but you have not owned your own home before?

At impact we're here to guide and support you through the buying process, whether you have little or no deposit, feel free to talk to one of our advisers about the schemes we have available.

We can advise on all aspects of - interest rates, rental calculations, repayment types, terms and conditions, and legal considerations such as stamp duty.

The options for 100% mortgages are very limited, but with a small deposit of 5%, we can provide you with access to more deals.

A higher deposit for your purchase will help to increase your available options and lower your interest rates.

How can impact help?

We can advise on all aspects of - interest rates, rental calculations, repayment types, terms and conditions, and legal considerations such as stamp duty.

The options for 100% mortgages are very limited, but with a small deposit of 5%, we can provide you with access to more deals.

A higher deposit for your purchase will help to increase your available options and lower your interest rates.

Over 55's

Whether you're already retired (or close to retirement) and looking for options to repay your mortgage, release money from your property for further home improvements or to enjoy your retirement, why not see how impact can help.

Whilst some high street banks and building societies may not provide assistance to the higher age demographic, at impact we can cater for you no matter your age.

When applying for a mortgage we treat your application like everyone else's and with our experienced team of advisers, we will do everything we can to ensure your application is a success.

How can impact help?

Whilst high street banks and building societies do not provide assistance to the higher age demographic, at impact we can cater for you no matter your age.

When applying for a mortgage we treat your application like everyone else's and with our experienced team of advisers, we will make sure your application is a success.

Self Employed

If you're self-employed, freelance, or a contractor you have probably encountered difficulties obtaining a mortgage due to the nature of your income.

Lenders have addressed the fact increased numbers of people are falling into these categories and have amended their criteria to help with this.

Due to the relationships our experienced mortgage advisers have built with our specialist lenders, we're able to focus our expertise to understand your situation and will look at your application from a different perspective.

Here at impact, we take time to make sure your application is a success. We offer advice, support, and finally, experience in helping you to your perfect home.

If you have been in the same profession for a minimum of the last 2 years and you've now chosen to go self-employed, we have lenders who will be happy to assist you based on your previous employment history.

(They will consider your income opposed to the employed/self-employed status change).

How can impact help?

Due to the relationship's our experienced mortgage advisers have built with our specialist lenders, we're able to focus our expertise to understanding your situation and will look at your application in a different perspective.

Here at impact, we take time to make your application is a success. We offer advice, support, and finally, experience in helping you to your perfect home.

If you have been in the same profession for a minimum of the last 2 years and you've now chosen to go self-employed, we have lenders who will be happy to assist you based on your previous employment history.

(They will consider your income opposed to the employed/self-employed status change).

Self-employed for a year or less?

For those who have recently gone self-employed, but you're concerned you will need to trade for a few years before applying for a mortgage, impact can still potentially help!

Even if you've only been trading for a year, we have access to specialist lenders who could still potentially help you based on your income for the previous year.

They will use your projected annual income from your previous years accounts and your future projected accounts.

Equity Release

This is a potential way for homeowners aged over 55 to raise cash without moving home.

Equity release provides a valuable option for those in retirement who may be wishing to consolidate debt or to provide additional income.

But it must always be considered alongside other financial options in the light of individual circumstances.

Here at impact we have specialist advisers who can explain the different options available to you.

With some lenders happy to provide funding until you're in excess of age 80, there is an option to utilise Equity Release or opt for a Lifetime Mortgage.

Most schemes have a minimum qualifying age of 55, some are 60.

Whether you need to refinance an interest only mortgage, or you're wishing to raise funds to enjoy your dream holiday, a new car or to even help the next generation in their financial future, we can show you the available options.

Equity release could affect potential inheritance and getting a lump sum or taking extra cash to supplement your income may reduce your entitlement to means-tested benefits, now or in the future. Equity release may involve a home reversion plan or lifetime mortgage which is secured against your property. To understand the features and risks, ask for a full and personalised illustration.

How can impact help?

Here at impact we have specialist advisers who can explain the different options available to you.

With some lenders happy to provide funding until you're 80, there is an option to utilise Equity Release or opt for a Lifetime Mortgage.

Most schemes have a minimum qualifying age of 55, some are 60.

Whether you need to refinance an interest only mortgage, or you're wishing to raise funds to enjoy your dream holiday, a new car or to even help the next generation in their financial future, we can show you the available options.

Government Schemes

With house prices at historic highs the government has introduced a number of schemes for both first time buyers and for home movers to help them get onto or move along the housing ladder in a more affordable fashion.

Right to Buy

The Right to Buy scheme helps eligible council and housing association tenants in England to buy their home with a discount of up to £104,900 (£78,600 outside London).

Contact them to see if you could be eligible, the discount you're entitled to and whether you can afford to buy.

We can then assist in arranging a mortgage for you.

The Schemes Available

Here you will find information on the available schemes to help you onto the property ladder. If you require further information please contact us.

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

 

With a Help to Buy: Equity Loan, the Government lends you up to 20% (40% in Greater London) of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the difference.

 

You won’t be charged loan fees on the 20% loan for the first five years of owning your home, however after this period you will need to start repaying the loan.

 

There are various ways in which you can do this, so speak to impact to find out more.

 

The Right to Buy scheme help eligible council and housing association tenants in England to buy their home with a discount of up to £104,900 (78,600 outside London).

 

Contact them to see if you could be eligible, the discount you’re entitled to and whether you can afford to buy.

 

We can then assist in arranging a mortgage for you.

If you’re unable to afford the mortgage on 100% of a home, Help to Buy: Shared Ownership offers you the chance to buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. Then when you’re ready, you can buy larger shares when financially affordable.

 

You could buy a home through Help to Buy: Shared Ownership in England if:

 

•  Your household earns £80,000 a year or less outside London

•  Your household earns £90,000 a year or less in London

•  You’re a first-time buyer, you used to own a home but you’re now unable to buy one or you’re an existing shared owner looking to move

 

Other Shared Ownership schemes:

 

•  You will be eligible to buy a home through a shared ownership scheme if your household income is £60,000 or less

•  You will also need to be a first-time buyer or a previous homeowner who is unable to buy now. Alternatively you will need to be renting from a council or housing association property

 

How does part rent part buy work?

 

Shared Ownership gives you the opportunity to buy a share in a home of your own, and pay a subsidised rent on the share you don’t own. You normally start by buying between 25% and 75% of the full value and you may, if you wish, buy further shares until you eventually own outright.

 

Contact impact to discuss your situation and see if we can help you buy a home.

Debt Consolidation

Consolidate Your Debts

Take out a new loan to pay multiple existing debts and allow yourself to put money you owe into one new monthly payment.

Make a list of all your debts, consider unsecured and secured options and then contact impact to look at the options available to you. We will always seek to find more favourable terms than you are currently paying.

Usually, you are able to raise 85% of the value of your property but some specialist lenders may allow more.

Divorce and separation cases are considered, where one party is raising funds to release the other from the mortgage.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT

How can impact help you?

Make a list of all your debts, consider unsecured and secured options and then contact impact to look at the options available to you.

We will always seek to find more favourable terms than you are paying currently. Usually, you are able to raise 85% of the value of your property but some specialist Lenders may allow more.

Divorce and separation cases are considered where one party is raising funds to release the other from the mortgage.

Remortgages

What our customers say

See what our customers think of our multi-award winning service

I would like to thank you for all your help and support during this remortgage process. I really appreciate the speed and manner you dealt with everything and I think you've provided an exceptional service.

Mrs J B -
Andover

I was very impressed with impact’s performance; I can well understand why you have won so many awards. I will certainly have no reservation in recommending impact’s services to others. Thank you

Mrs M B -
Brighton

Opening Times

Monday to Friday: 9:00 - 17:30
Saturday: 9:00 - 14:30
Sunday: Closed

Contact Details

impact House, 24 Carfax,
Horsham, West Sussex RH12 1EB
Phone: 01403 272625
Email: [email protected]