Mortgage
Services

Small enough to care, big enough to deliver. Personal, honest mortgage advice from the whole of the market with access to hundreds of lenders and thousands of different lending products.

Mortgage & Loans

Understanding mortgages can be as daunting as climbing Mount Everest. With so many mortgage deals to choose from and the associated jargon, you may not know where to start, let alone make a decision on which product would best suit your personal circumstances.

At Thomas Honour, we look at each one of your individual needs to ensure you end up getting the best mortgage deal. We cover:

First time buyer mortgages

Ready to step onto the property ladder? If owning a home is something you have dreamed of for years, we can help you make it a reality.

From advising you on the size of deposit you’d need to gathering all the relevant information, completing the necessary paperwork and approaching lenders, we do all the leg work, so that you can relax and get ready for the move.

To book a consultation with a member of our team, click here

Remortgages

Remortgaging means to take out a new mortgage on a property you already own ‒ either to replace your existing mortgage, or to borrow money against your property.

You may consider to remortgage if:

  • You want a better rate
  • You’re coming to the end of your current fixed-rate mortgage
  • Your property value has increased considerably
  • You want to switch from interest-only to repayment mortgage
  • You’re worried about interest rates going up
  • you wish to release some money for a DIY project
  • you’d like to consolidate other debts into one payment

Regardless of the reason, you want to make sure your new mortgage deal continues to be the best for you.

We can hunt the whole market and not only save you money but enable you to meet your goals.

To discuss your needs with a member of our team, click here.

Home mover mortgages

If you have your heart set in moving to a new home, whether to get more space or to downsize, the thought of taking a new mortgage can be as or even more stressful than the first time.

When moving home, you can either transfer your current mortgage over to your new property ‒ this is called porting ‒ or find a new deal altogether by remortgaging with your existing lender or a different one.

We can advise you on which path to take and take all the stress out from having to fish for a new deal in the big mortgage pond.

To book a consultation with a member of our team, click here

Help-to-buy equity loans

They are designed to help both first time buyers and previous homeowners, who don’t own a property at present, get on the housing ladder.

To be able to access the scheme, you’d need at least 5% deposit and to have made a reservation for a new-build home. The equity loan, worth up to 20% of the property’s value (or up to 40% in London), is used to ‘bulk up’ your deposit. A bigger deposit gives you access to better mortgage rates, and you also don’t have to worry about paying interest on the equity loan for the first five years.

As equity loans can add another layer of complexity to the home-buying process, we remove this additional stress by applying for the Equity Loan on your behalf as well as finding the best help-to-buy mortgage for you.

To find out more about help-to-buy equity loans and if you qualify for the scheme, click here.

Shared Ownership

They are designed to help both first time buyers and previous homeowners, who don’t own a property at present, get on the housing ladder.

With Shared Ownership, you can buy a share of your home (between 25% to 75% of the home’s value) and pay a low rent on the remaining share.

You’ll need to take out a mortgage to pay for your share of the home’s purchase price, or fund this through your savings. Shared Ownership mortgages can be tricky to get as the criteria for eligibility varies and not all lenders offer a mortgage for this type of scheme.

For more information and discuss your options with a member of our team,  click here.

Joint Borrower Sole Proprietor mortgage

A Joint Borrower Sole Proprietor mortgage allows up to four people, usually close family members, to contribute to the application and repayment of the mortgage, without all of them being the legal owner of the property.

You can combine your income with a parent or grandparent to maximise your loan amount without them appearing in the deeds and owning the property.

You can apply for a Joint Borrower Proprietor Mortgage if you already own a home or whether you are buying a property to live in or to rent it out.

To discuss this product with a member of our team, click here, click here.

Buy-to-Let mortgage

Buy-to-let (BTL) mortgages are for people who want to invest in property, so they are buying with the intention of renting out.

Whether you are a seasoned investor or a new landlord looking to take your first steps into the rental property market, the maximum you can borrow is linked to the amount of rental income you expect to receive. BTL mortgages are more expensive than typical mortgages, and require deposits of between 25% and 40%.

To find out more about how we can help you get your hands on your next property investment, get in touch here.

Limited Company Buy-to-Let mortgages

Many landlords are opting to invest in property through their existing trading company or by setting up a special purpose vehicle (SPV) company, which exists for the sole purpose of covering the purchase or re-mortgage of residential properties for letting.

This route allows them to invest in property while saving in tax. Limited companies benefit from a lower rate of corporation tax as opposed to income tax charged on earnings generated from rental income. This makes Limited Company Buy-to-Let mortgages a much more attractive option.

As with the other type of buy-to-let mortgages, the maximum you can borrow is linked to the amount of rental income you expect to receive.

If you need help applying for a Limited Company Buy-to-Let mortgage, get in touch here.

HMO Mortgages

You’d need a Houses in Multiple Occupation (HMO) mortgage if you are planning to let out individual rooms within a property to multiple tenants. Most of buy-to-let mortgages do not allow for the letting of a property under multiple tenancies under their established terms and conditions.

The majority of buy-to-let lenders including those offering HMO mortgages can only be accessed via brokers, so you’d need a mortgage adviser to obtain a deal.

If you’re interested in finding out more, get in touch here and we can take you through the different options.

Bridging Finance

Bridging loans are used to finance a purchase while you’re waiting for funds to become available from the sale of something else. You can apply for this type of loan if you are buying a property, but are waiting for the sale of another property to go through.

It is also a good option if you are a landlord or property developer in need of funding to renovate properties that you want to sell quickly afterwards.

We can answer any questions you may have about bridging finance. Book a free consultation here.

Second Charge mortgages

A second charge mortgage, also known as ‘Secured Loan’ is an additional loan on top of your existing mortgage.

Unlike remortgaging – where you change your basic mortgage to another one – a second charge mortgage is paid alongside your current mortgage, and you would need to be already a homeowner to get it.

You can use them as an alternative way to raise money to consolidate credit, make home improvements or to fund a purchase.

To find out if you would qualify for a second charge mortgage, get in touch here.

Specialist mortgages

There are a number of specialist mortgages we can help you get, depending on your profession, personal circumstances or objectives. They include:

  • Commercial finance
  • Development finance
  • Self-build mortgages
  • Armed forces mortgages
  • Teachers mortgages
  • NHS mortgages
  • Contractor mortgages
  • CIS mortgages
  • Adverse credit mortgages
  • Family mortgages
  • Retirement Interest Only mortgages
  • Offset mortgages
  • Agricultural mortgages
  • Right to Buy mortgages

Insurances

With life’s peaks and troughs, you never really know what’s round the corner. So, it’s important to protect your loved ones for the times when you are navigating a trough.

Taking an insurance policy to cover for a sudden financial loss that can impact yours and your family’s lifestyle is the first step. At Thomas Honour, we offer:

Life Cover

A life insurance is a type of policy designed to pay out a lump sum of money to your loved ones in the event of your death. It can help you take care of your family if you suddenly die or develop a terminal illness by providing them with financial support to cover the household bills, mortgage and other expenses.

Life insurance policies come in multiple forms, and the type you’d need will depend on a number of factors. To find out more about what options are available, contact us here.

Critical Illness Cover

A critical illness insurance offers you and your loved ones protection in the event that you are diagnosed with a critical illness, such as stroke, heart attack, and certain stages and types of cancer. Also if you suffer a serious injury that stops you from working indefinitely or for a very long period of time.

You should look at getting critical illness cover if:
  • you don’t have enough savings to tide you over if you become seriously ill or disabled
  • you don’t have another form of income to cover you and your family for a long time off work due to sickness.
With this type of insurance policy you get a one-off payment. To find out more about what cover you may need and how it works, get in touch here.

Income Protection

If you could not work, and your sick pay ran out, would you be able to afford paying for your mortgage and other household bills? You’d want to focus on recovering without the additional worry of keeping on top of your bills, especially your mortgage.

Income protection, also known as permanent health insurance, is a long-term insurance cover that would pay you a monthly income while you are unable to work because you’re ill or injured.

 

It will ensure you continue to receive a regular income until you retire or are able to return to work.

 

With this type of cover, you can claim as many times as you need to, while the policy lasts. For further advice, contact us here.

Taking your first step onto the property ladder might be something you’ve dreamed about for years. We’re here to make sure that dream doesn’t turn into a nightmare. Buying a home, consistently tops the list of the most stressful life events – it’s also likely to be the biggest purchase you’ll ever make.

There are many reasons to remortgage.

Maybe you’ve come to the end of a fixed rate mortgage period? Or you wish to release some money from your property for a DIY project. Maybe you’d like to consolidate other debts into one payment or your credit standing has improved other time, so you may be entitled to a better rate of interest.

Remortgaging may even save you a fortune!

You’re already on the property ladder and it’s time for a change.

You’re relocating, your family is growing and you need more bedrooms.
You may wish to escape to the country, now the kids have left home – whatever the reason, you need another mortgage. Although you’ve been through the process before, it may have been a while, and what’s more, this time it’s more complicated. It’s even trickier to decide which mortgage is going to be best for you. In an everchanging market, your mortgage provider’s lending criteria might be tougher.

The Equity Loan scheme is available to both first time buyers and those that have bought a property before.

If you have a minimum 5% deposit and want to buy a new build home you may be able to access the Equity Loan scheme.

Not only can we find the best help to buy mortgage for you, we will also apply for your Equity Loan on your behalf.

With Shared Ownership, it is possible to purchase shares of between 25% to 75% of the home’s value and you pay a low rent on the remaining share.

Not all lenders offer shared ownership mortgages and often the criteria is complex so it’s important to use a mortgage broker that understands the scheme.

With the help of a family member you could get on the property ladder quicker than you think. This type of mortgage allows you to combine your income with a parent or grandparent to maximise your loan amount without your parent or grandparent owning the property.

Buy-to-let (BTL) mortgages are for landlords who buy property to rent it out. The rules around buy-to-let mortgages are similar to those around regular mortgages, but there are some key differences.

Whether you are a first time landlord, wanting to let out your existing property to buy a new one or an experienced portfolio landlord, we can help!

The maximum you can borrow is linked to the amount of rental income you expect to receive.

Due to recent tax changes, more and more landlords are investing in property via a Limited Company​.

​Whether you have an existing trading company or wish to set up a new special purpose vehicle (SPV), we can talk you through the finer points of your Limited Company mortgage options.

​Whether you are a first time landlord, wanting to let out your existing property to buy a new one or an experienced portfolio landlord, we can help!

The maximum you can borrow is linked to the amount of rental income you expect to receive.

​If you are looking to let out multiple rooms within a property, then you need to be mindful of the HMO legislation set by the local authority.

Mortgage lenders will also vary their definition of a HMO so it’s important you an expert broker so you don’t get caught out with the wrong type of mortgage.

​The maximum you can borrow is linked to the amount of rental income you expect to receive.

  • Commercial finance
  • Development finance
  • Self-build mortgages
  • Armed forces mortgages
  • Teachers mortgages
  • NHS mortgages
  • Contractor mortgages
  • CIS mortgages
  • Adverse credit mortgages
  • Family mortgages
  • Retirement Interest Only mortgages
  • Offset mortgages
  • Agricultural mortgages
  • Right to Buy mortgages
Do you require short-term finance to bridge the gap between buying and selling a property or perhaps you need to purchase a property and refurbish it? Let me know what you need and I will get to work finding you a lending solution.
A secure loan (second charge mortgage) is a loan secured against your property. You can use them to consolidate credit, make home improvements or to fund a purchase.

This is an insurance policy that pays out a lump sum in the event of death. It is important if you have or are planning on having a family, or if you own your own a property and would want the mortgage paid off in the event of your death, so you are able to leave the property to a loved one.

Will pay you a lump sum of money upon diagnosis of a critical illness or serious injury. This type of insurance policy will pay you a lump sum of money depending on the amount of cover you selected.
Because of the advances in medical treatment now available, you are more likely to survive a serious illness. However, you may be unable to work or perhaps never be able to work again. This would obviously put a huge strain on trying to maintain your cost of living and more importantly keeping up with your mortgage payments.

Income protection is an insurance policy that would pay you a monthly income while you were unable to work to due an accident or sickness.

​If you were unable to work, and your sick pay ran out, would you afford to pay the mortgage and other household bills? The last thing you need while unable to work is the additional worry of keeping on top of your bills, especially your mortgage.