Please advise whether you require a mortgage or remortgage?

A new mortgage is used to purchase a new property; a re-mortgage replaces the existing mortgage you currently have at the property either to raise additional capital or simply to benefit from a lower interest rate.

What is the purchase price or current valuation of this property?

For a new purchase please state the agreed purchase price. For a re-mortgage of your existing property please provide an estimate of the current market value.

If there is an existing mortgage how much is currently outstanding?

Please provide the outstanding capital amount of your existing mortgage. If you have any additional redemption penalties, provide further info below.

How much do you wish to borrow?

What is the required amount of capital to be borrowed for your new mortgage or re-mortgage.

Do you require this mortgage on an interest only or repayment basis?

A repayment mortgage will repay the outstanding capital plus interest by the end of the chosen term if all payments are made. Taking your mortgage on an interest only basis will only repay the interest charged; the capital balance outstanding will remain the same at the end of your mortgage term.

Over what term do you require the mortgage (Years)?

Please specify over what term in years you require the mortgage.

What is the current or anticipated annual rental income from this property?

Please advise of the amount of rental income you receive from this property per annum, or if a new purchase, how much you would expect to recieve.