Mortgages

With hundreds of lenders all with different offers, it’s not always easy to know where to start.

The team at Blue Crocodile are mortgage experts who have worked in the industry for several years, building relationships with key lenders whilst keeping at the forefront of industry news and trends.

Whether you’re a first time buyer, moving home, looking to remortgage or interested in a buy-to-let, Blue Crocodile are here to help.

First Time Buyers

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. House prices are rising at a staggering rate, wages are failing to keep up with inflation and you need to find a deposit.

There are countless mortgage options on the market, each with different features to suit a range of circumstances. Interest only or repayment? 2-year fixed? 5-year fixed? Tracker? If your heads already swimming, you are not alone.

Don’t worry, be happy! You’ve come to exactly the right place to find the support you need.

We’re independent mortgage experts with access to a vast range of lenders and products specifically designed for first time buyers. We offer professional, Impartial and confidential advice.

All the advisers in our network are fully-qualified and committed to the principals laid down by the Financial Conduct Authority (FCA) and their Treating Customers Fairly (TCF) initiative.

Your well being is at the heart of our business!

Moving Home

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 ever-changing market, your mortgage provider’s lending criteria might be tougher

There’s your existing mortgage to consider, the need to sell your current home and the possibility of being in a buyer’s chain…

Already feeling daunted?

There’s no need, because we can give you all the support you need. We have a nationwide network of fully-qualified mortgage advisers.

They have the experience to assess your circumstances and suggest the very best option for your future. They’ll make sure you don’t miss out on the best deals and can also assist with the valuation of your current mortgaged property.

All our advisers have access to the whole market and are fully committed to the principals laid down by the Financial Conduct Authority (FCA) and their ‘Treating Customers Fairly’ (TCF) initiative.

You’ll be provided with enough information to allow you to make an informed decision about your next step.

We look forward to hearing from you. For your own peace of mind, it pays to get professional advice.

Remortgage

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!

This is where our professional advisory service can help you. There are so many mortgage options out there that deciding what you want is like ordering a coffee nowadays – a series of choices that blow your mind, when all you want is a cup of coffee!

We have access to a professional network of ‘Whole of market’ mortgage advisers. They understand all the variables involved when remortgaging a property and can advise on any aspects that you may not have considered.

Buy to Let

Buy-to-let mortgages explained

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.

Who can get a buy-to-let mortgage?

  • You want to invest in houses or flats
  • You can afford to take a risk: Investing in property is risk, so you shouldn’t take out a BTL
    mortgage if you can’t afford to take that risk
  • You already own your own home: you’ll struggle to get a buy-to-let mortgage if you don’t already
    own your own home, whether outright or with an outstanding mortgage
  • You have a good credit record and aren’t stretched too much on your other borrowings,
    otherwise you might struggle to get a lender to approve your buy-to-let mortgage
  • You’re under a certain age: lenders have upper age limits, typically between 70 or 75. This is the
    oldest you can be when the mortgage ends not when it starts.

Buy-to-let mortgages are a lot like ordinary mortgages, but with some key differences:

  • The fees tend to be much higher
  • Interest rates on buy-to-let mortgages are usually higher
  • The minimum deposit for a buy-to-let mortgage is 25% of the property’s value
  • Most BTL mortgages are interest-only. This means you don’t pay anything each month, but at the
    end of the mortgage term you can repay the capital in full
  • How much you can borrow for buy-to-let mortgages

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