01245 267 511
Frequently Asked Questions
Whether you're a first time buyer, or you’ve done it before, it’s only natural to have questions when you’re thinking of applying for a mortgage. At David Lewis Mortgage Services, we can help. Have a look at some of the questions people have already asked us or you can call us on 01245 267 511 to talk to us about your mortgage needs.
Click on the question to reveal the answer
We have been arranging mortgages for over 50 years and are long established at our shop front office for over 25 years.
Click here to see our 5* google reviews
CLOSEDavid is a Chartered Financial Planner. Our team of Advisers are CEMAP qualified.
CLOSEYes, we are Independent and offer mortgages from the Whole of the Market. We can usually find a mortgage and the best interest rates from the mainstream, High Street lenders. However, we also have access to specialised lenders – eg Buy to Let, Holiday Home Unusual Construction, adverse credit etc.
CLOSENo upfront fees are payable. Any fees are added to your mortgage.
CLOSENo fees are payable to David Lewis Mortgage Services Ltd if your mortgage does not complete.
CLOSEThat is not a problem, we can do this with you.
CLOSEA certificate showing your maximum borrowing, confirming you are credit checked and approved by a Lender and that you are ready to make offers. It demonstrates to the seller and their Estate Agent that we have your mortgage approved (subject to full underwriting and valuation). We do not charge for this service.
CLOSEThere are some 100% mortgages available, (as at 29.6.23) however the bigger your deposit, the lower the interest rates we can source for you.
CLOSEWe are Independent Mortgage Adviser and will search the whole of market to find you the best lender to suit your circumstances.
CLOSEA friend or family recommendation is best. Avoid online internet advertisements. For confidentiality, avoid any connection with the seller’s solicitor and Estate Agent. Stamp Duty, Land Registry and Searches costs will be the same, whoever you instruct.
CLOSEWe will “hold your hand” throughout the entire process from initial enquiry, right up to getting the key to the door.
CLOSEYes. We will need your Tax Calculations and Tax Year Overviews for at least one complete financial years trading.
CLOSEYes, you need to have 12 months in trade and 3 months CIS invoices/payslips.
CLOSEContact us now. We will let you know your Lender’s follow on rates as soon as they are available and check rates available from other Lenders from the whole of the market – No charge for this.
CLOSEIt's usually possible to 'port' your mortgage to another property - as long as you still meet the lenders criteria. We will work out the figures for you.
CLOSEThe lender will require you to have buildings insurance. We recommend Life Cover and Critical Illness Cover and Income Protection cover and as Independent Advisers, will source the whole market. No fee.
CLOSELet us try for you. We have lenders who will consider your case. There is no upfront cost.
CLOSEYes – most lenders allow overpayments. Regularly overpaying up to 10% capital off your mortgage could save you significant interest charges. Discuss your overpayment intentions with us.
CLOSEYes, of course. Most of our new clients come via recommendations from friends and family. There is no upfront charge or obligation for a face to face meeting where we explain the mortgage process and print illustrations and give an indication of your maximum borrowing potential.
CLOSEMore and more clients are now considering Buy to Let or Holiday Home opportunities. We have access to these specialised lenders and will explain full details and print costings and illustrations for you – there are no upfront fees or obligation.
CLOSELet us check for you – No obligation and we may be able to remortgage to a lower rate for you with Free Valuation and Free Conveyancing.
CLOSEWe will check to ensure you are able to increase your borrowing to cover the cost of your work.
CLOSEMany clients need to consolidate their unsecured finance and we may be able to reduce your monthly outgoings by consolidating to a lower interest rate over a longer period of time.
CLOSESadly this does happen. We can advise each party separately or jointly or provide each of you with your own Adviser. We can investigate buying out your partner or a new mortgage
CLOSEYour outstanding loan does not reduce over the years and you pay only the interest and nothing off the capital. Buy to Let mortgages are usually interest only with the rental income covering the mortgage interest due. The Landlord benefits from the capital appreciation of the property. To keep monthly payments to a minimum it may be possible to have an Interest Only or Part Interest Only mortgage on your residential property, subject to certain criteria. Specialist advice must be given which we are able to do – again no obligation.
CLOSEWe will prepare competitive illustrations and quotations for you from the whole of the market and advise on Joint and/or Single life plans either Level Term or Reducing Term and also Income Protection tailored to suit your personal circumstances.
CLOSEWe have advisers who are qualified to advise for these regulated mortgages. Whether your parents are gifting money to family, paying off their mortgage, Inheritance Tax Planning, making home improvements or just treating themselves, we will be pleased to advise. We will prepare comparative illustrations, whether they wish to make any mortgage payments or not.
CLOSEDavid Lewis Mortgage Services Ltd are regulated Mortgage and Protection advisers. However we recommend that you see our experienced colleagues who are Independent Financial Advisers, who will meet you at our office if required – again no obligations.
CLOSE
Google Reviews
I could not recommend David Lewis more. We had the pleasure...MORE
I could not recommend David Lewis more. We had the pleasure of dealing with both David and Denise and they were fantastic from start to finish - were straight talking, honest, and incredibly helpful every step of the way. They helped us around a couple of tricky situations and found solutions to each of our issues, as well as ensuring any options they put to us were still in our best interest. I wouldn’t go anywhere else in the future and can’t thank the David, Denise and the rest of the team enough!
Jessica Wallace - 
David has been brilliant in firstly getting me a good deal...MORE
David has been brilliant in firstly getting me a good deal on my remortgage with pushing it through a difficult situation, and more recently, being very quick to get me a good fixed rate deal with my lender. He has a great way of explaining deals and how it all works that's easy to understand!
Matt Weston -
Me and my partner went for a meeting with David this afternoon...MORE
Me and my partner went for a meeting with David this afternoon and we have received great advice to work towards our dream family home. Will definitely be returning once we are in a stronger position. Thanks again.
Russell Norton -
