We have access to more than 90 lenders across the UK including all the well-known high street providers e.g. The Halifax (Lloyds Banking Group), Nationwide, Santander & The Royal Bank of Scotland along with many lenders you may not have heard of before like Darlington, Bank of China, Newbury and Shawbrook.
Your bank only has a small suite of mortgage options to choose from at any given time and it’s statistically highly unlikely that you will be getting the best rate available. Stisi Group has access to over 12,000 mortgage products and we will always ensure we get you the best rate available from this huge range. Even the smallest of % difference on your mortgage can mean thousands in savings over the term of your mortgage. Also, there are many lenders that only lend through brokers like Stisi Group. Lenders produce many exclusive mortgage rates for companies like us.
The Scottish and English system of buying property is very similar and there are steps listed below that you would look to follow:
Speak to your Mortgage Adviser at Stisi Group first and establish how much you can borrow. Set the monthly budget on how much you can comfortably spend each month on your mortgage and any other related costs. We can also look to obtain you a decision in principle from a mortgage lender and put you in touch with a reputable solicitor for when the time is right to put an offer in if you do not have one already.
Locate your new property by whichever means possible e.g. property portals like Rightmove, directly on any estate agent website, social media or a good old fashioned For Sale board.
Contact your solicitor and they can discuss with you what an appropriate offer might be for the new property. This can vary depending on how the property is being advertised e.g. ‘fixed price’, ‘offers over’, or if the property is going to a closing date where any interested party will put in a blind offer against the other parties.
Once you have your offer accepted it’s now time to contact your Mortgage Adviser at Stisi Group again so we can arrange to obtain all your documentation and submit your full mortgage application.
Once your application has been fully approved along with the valuation report, you will receive a full mortgage offer.
This will now allow your solicitor to take over the reigns and carry on with all the legal work behind the scenes. They will arrange entry dates to the property whilst obtaining all the necessary paperwork from you to complete everything they are required to do.
All that remains is that you hold on for your anticipated completion date and pay any monies over to your solicitor which are due for any deposit required. The solicitor will arrange to draw the mortgage funds down from the lender and complete the transaction by paying the other side on the day of completion (the move in day!)
A decision in principle (DIP) or acceptance in principle (AIP) is an absolute must from the time you decide you are serious about buying a property. A DIP will provide you with the comfort that if you do find your new dream home or investment property that you are ready to put an offer in immediately.
This is one of the most popular Mortgage FAQs. From the point when we are ready to submit your mortgage application to the point when the lender produces a physical mortgage offer will average between 1 and 3 weeks. Of course, all circumstances are different, but we can confidently say in the thousands of applications we have submitted, that would be an average timescale.
The answer is yes. Many employers offer a death in service benefit, but you are entitled to take out a separate plan if you wish to do so. Some employers will also give you free accident and sickness insurance sometimes up to 6 or 12 months.
Contrary to popular belief, this couldn’t be further from the truth. Insurance companies actively seek ways to make sure they can pay your insurance out when the times comes. It’s not good press for the insurance company otherwise. The number one reason insurance companies do not pay out is non-disclosure on the application. If you don’t tell the truth at the start and they find information in your medical records at claim stage, this is the point when they could reject your claim, so it’s imperative you tell the truth upfront.
Unfortunately, the government only offer a minimal amount of assistance for a short period of time by way of Statutory Sick Pay which is £92.05* for 28 weeks. There may be some other help available which are means tested and very variable. We will always discuss protecting your income with you as part of our recommendations. If you no longer have an income coming in then everything else around you will crumble. We will ensure you are fully protected should the worst happen. (*as @ September 2018)
The cost of insurance varies based on many factors. The main factors that come into play are things like your age, smoker status, health including BMI and of course how much insurance you actually require for your needs. We will happily make some appropriate recommendations on the most appropriate types of polices that you will require.
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
Fantastic service. Stisi group even work in the evenings on your behalf to submit your application. So impressed with Chris and Emma. Thank you so much for making this whole process effortless.
I was trying to buy a second property and I am so glad Chris, William and Lorraine helped me. Chris recommendation were great, he was extremely helpful and professional, he responded to all my questions and I never had to wait for his emails. He kept me updated during the whole process. William was a star, he followed up weekly and kept me updated on all the progresses of my mortgage application, he reassured me constantly when I was worried and made sure to get in touch after my shift at work to keep me in the loop of everything. The service I received was great. I highly recommend Stisi Group.
5* service from Ross and the team as always. Stisi Group have managed our portfolio for many years and I wouldn't go anywhere else. Highly recommend.
As a First Time Buyer the entire process of gaining a mortgage and buying your first home can be daunting and scary. Ross and the team made the whole process super simple for me and my partner, answering all of our questions and going above and beyond to make sure we understood everything involved. On top of that they got us a fantastic deal we would never have been able to get ourselves! Would highly recommend!
Our mortgage is offered after just 10 days from when we started communicating with the Stisi group. Very friendly and effective brokers. Thank you for your help and support!
The exceptional service that I received from Chris Usher during the entire mortgage application was impressive and truly appreciated. From beginning to end Chris was informative, extremely thorough and so helpful. Both Chris and his colleague Lorraine Brown responded quickly and efficiently to any questions I had. My mortgage application went through smoothly and quickly and I could not have asked for better service. I would highly recommend Chris and the team to anyone looking for a mortgage - so professional and dedicated to excellent customer service. My relocation was so stress free and smooth!
Absolutely amazing service.Being first time buyers in new country we really didn't know where to start. From the day 1 Craig was super helpful and patient , answerd all our questions and sorted out all problems during the process. Thank you so much!
Outstanding service. Always available to answer questions and take the time to explain what is going on. As a business owner they have done better than any company I have spoken to before about getting a mortgage. I highly recommend the Stisi group and honestly given the level of service I would give them more than 5 stars if I could.
Friendly, polite and incredibly efficient.
Stisi Group is a trading name of Clear Mortgage Solutions Limited which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau Limited (Derby) Limited who are authorised and regulated by the Financial Conduct Authority. Clear Mortgage Solutions Limited. Registered Office: 114 Centrum House, Dundas Street,Dunbar
, EH3 5DQ. Registered in Scotland Number: SC463175.
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