Mortgages
Friendly, straightforward mortgage advice in Plymouth & South hams
We pride ourselves on providing friendly and straightforward mortgage advice. We dare to be different, with our individual and down to earth approach to mortgages and protection. All of our clients become part of our Mewstone Family.
First Time Buyers Mortgages
Buying your first home is so exciting, and such an achievement! We also understand that for many it is daunting and slightly confusing at times. Don’t worry though, we will be by your side throughout the whole journey.
Before you get started on your house hunting though, book in to see us. We will meet with you to discuss your current situation, your financial circumstances, and future plans. From the information you provide us with, we will be able to calculate your affordability.
Before you come away from your initial appointment with us, you’ll be issued with a decision in principle, this will be your super power on viewings if you are wanting to put an offer on a property.
We will be there for you throughout your entire journey. We can answer any questions you have, we will liaise with your estate agent, solicitors and lender to encourage progression and as little stress on you as possible.
Self Employed Mortgages
There’s an old school perception that buying a house when you own a business or you’re a company director can be really tough, and stressful.
There are specialist lenders and mortgage deals specifically for self-employed people. The criteria for these mortgages does differ compared to a traditional residential mortgage. However we have experience in handling these applications. We have also worked with these lenders for a long time, fully understanding what they’re looking for.
Our experienced team will be on hand to help you throughout the entire process. Get in touch today for a free, no obligation chat.
Buy To Let Mortgages
Whether you’re a first time landlord, looking to purchase your first investment property, or if you already have a portfolio of properties and you’re looking for advice on remortgaging them, we can help.
We are experienced in the market of buy to let mortgages. Our experience can save you considerable time, money and stress in an ever changing market. Our whole of market connection allows for you to access deals from specialist lenders and deals. These specialist products can offer you exclusive deals as a property investor.
We work closely with local Estate Agents and Letting Agents. We can liaise with them during any purchases and for any queries throughout tenancy.
Home Mover Mortgages
Being a home mover, before you make any commitments to a house move, speak to us. We will discuss your individual current circumstances, and arrange a mortgage in principle for you. By seeing us first, we can help assess your affordability, so you can make the appropriate judgments of whether now is the right time for a move.
When you find your dream next home, we can assist throughout the whole process. We will liaise with your Estate Agent, lender and solicitors throughout the purchase. Being a home move, there are new steps in the process compared to when you first bought your home. We can be there for any new questions you may have, and explain each phase for you.
Remortgages
You may be looking to remortgage for a few different reasons. It may be that your current fixed term deal is coming to an end and you don’t want to be paying more on your lender’s standard variable rate. Alternatively you may be looking to complete some home renovations.
Let one of our experienced brokers search the market for a new deal for you. This deal may not be with your current lender, but we can take care of the transfer for you. If you are looking to release funds from your property, we can advise on how much you can release and organise everything for you.
Contractor Mortgages
Being a contractor, with an irregular income pattern shouldn’t stop you from getting a mortgage. Contrary to belief that it’s difficult and stressful getting a mortgage as a contractor, we’re the right support for you to get your results.
We understand what the lenders are looking for. We can also access specialist lenders, catering for contractors and the self employed. We have experience in what will be required for the applications, we know what you’re going to need to provide, so we can help you prepare ahead of time.
Commercial Finance & Commercial Mortgages
We can help your business raise and secure finance. We have access to a variety of business finance products, which may not be available on the high steet or with your current lender. As we are independent, we are flexible in the approach and search for a deal. We can guide you and your business through the stages of securing finance. We will be able to advise you on a variety of finance, whether it be for purchasing new equipment, boosting cashflow or taking next steps.
Challenge your fixed rate every day
We can check your deal and keep you up to date of any deals that might be available to you
Why use mewstone mortgage advice?
We approach mortgages differently, using today’s technology with our Mewstone personal touch. Collectively we have over 57 years combined experience in mortgages, we can offer all of our clients expert, personal advice.
We aspire to protect what’s important to you and your family by recommending the best solutions to provide a safety-net to those dearest to you.
We are passionate about the best outcomes for all of our clients. Family is at the heart of what we do, and why we do it. Each of our clients are part of the Mewstone family and we will look after you like our own.
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Frequently Asked Questions
How can you secure me the most suitable deal?
We take all the information we can from you and put it through our processes to match the most suitable mortgage to you. We have access to whole of the market, so you may hear us talk about Lenders you wouldn’t see on the High Street. Having more access than most brokers you may see, means we are more likely to secure you the most suitable deal.
What's the next steps?
Firstly you need to make an appointment with us to go through all of your details, and see if we can obtain you an agreement in principle. From there you can go and find your dream home if you haven’t already! Once you’ve had your offer accepted on the home, we will get to work with your solicitors and lenders, to apply for your mortgage, get it agreed and get you moved in!
If you’re already a homeowner or you’re looking at commercial finance, get in touch today, and let’s see how we can help you review your circumstances.
What if I've been told no elsewhere?
Even if you have been told no before, that doesn‘t mean that there isn’t a mortgage suitable for you. Have a conversation with us, and we can assess your current circumstances with you to plan a way forward for you.
How long will my mortgage be for
The mortgage term depends on different factors. Namely how much you are looking to borrow, what type of rate, as well as personal circumstances. The average is 25 years, however there are some for 29 years or less than 25.
How much can I borrow?
The amount you can borrow is different for everyone. You’d need to speak to us so we could advise you on your affordability.
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Mewstone Mortgage Advice LTD (FCA ref 947355) is an appointed representative of New Leaf Distribution LTD (FCA ref 460421) which is authorised and regulated by the financial conduct authority (FCA).
New Leaf Head Office Garfield House, 165-167 High St, Rayleigh SS6 7QA. Co registration Number 5520001.
Mewstone Mortgage Advice LTD Head Office: 22 Barton Brake, Wembury, Plymouth, Devon PL9 0BJ Co registration Number 12959322
Your home is at risk if you fail to keep up payments on your mortgage or any other loans secured against it.
Buy to Let mortgages and Commercial Lending are not usually regulated by the Financial Conduct Authority.
Equity release may involve a lifetime mortgage which is secured against your property or a home reversion plan which requires the sale of property for a discounted price. To understand the features and risks, ask for a personalised illustration. You only continue to own your own home with a lifetime mortgage.
Equity release may impact the size of your estate and it could affect your entitlement to current and future means-tested benefits
