Mortgage

Why you need a mortgage broker

There are many questions you will need to ask yourself regarding your choice of property. Then come the mortgage-related ones such as: How much will it cost? How much deposit will I need? Will I get a mortgage? What lenders are available? What interest rates are available?

The home loan market is complex. There are so many different mortgages to choose from. So it’s good to know that, as your financial advisor, we are on hand to answer your questions. We will help you with the process you may find very difficult to obtain by yourself. We take pride in offering a personal service that takes into account your individual circumstances. Your financial situation is unique, so we work hard to understand your goals and aspirations and provide relevant information and guidance based on a comprehensive and detailed analysis of your needs.

Steps to secure your dream residential home

Mortgage Enquiry

Understanding your financial situation and possible property purchase price

Looking for property

According to your budget, you can start your property-hunting

Mortgage Application

Oceantide will tailor mortgage solutions and assist your mortgage application.

Completion

After the success of the loan application, Oceantide will assist your solicitor in completing the transaction.

Request Documents

1) ID (e.g. Passport) and Poof of address (e.g. Utility bills or Bank statement or credit card statement within last 3 months).

2) For employed, please provide the last 3 months’ payslips and bank statements; for self-employed, including sole traders, company share of more than 15%, normally lenders require 3-year financial statements, SA302 and tax overviews.

3) 3-12 month bank statements to show enough funds for purchasing property, property ownership proofs, Mortgage statements and deposits that are gifted by family, gift letter, source of wealth and evidence of gifting are also required.

Mortgage Steps and Time Scales

Step 1 Initial assessment: Assess customer needs and capability of borrowing by lenders.

Step 2 Fact-finding and signing Authority to Proceed and Fee Agreement. Apply for the Decision in Principle (DiP) (1-1.5 weeks)

Step 3 Full application, 4-8 weeks (It might take longer depending on the different situation).

** The documents needed and process might vary based on individual cases.

** Your home may be repossessed if you do not keep up repayments on your mortgage. The Financial Conduct Authority does not regulate some forms of Business Buy to Let Mortgages and Commercial Mortgages to Limited Companies. Not all services we offer are regulated by the Financial Conduct Authority.

** Changes in the exchange rate may increase the sterling equivalent of your debt.

Mortgage Products & Services

Residential Morgages

First time buyer

Product transfer / Remortgage

Overseas Mortgages

Buy to let mortgage

Commercial Mortage

Bridging loan

Stamp duty Calculator

Purchase Price (£) I'm a first time buyer Property is a buy-to-let or second home Buyer is a non-UK resident

Mortgage Payment Calculators

Save tax in the UK? It’s time to learn about ISAs.

31 March 2024

What can Oceantide do for you?

Fully understand your situation and needs;
According to your situation and the request to provide you with advice and a plan ;
According to your opinion making modifications and adjustments;
Submit application and supporting documents to the lender;
Liaise with the lender, the estate agent and solicitors to make sure the application was processed
Smoothly until the mortgage offer is issued.

Contact us now | Get one-on-one financial advice

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What we can help?

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Legals：Ocean Tide Wealth Limited is an Appointed Representative of Connect IFA Ltd 441505 which is Authorised and Regulated by the Financial Conduct Authority and is entered on the Financial Services Register (https://register.fca.org.uk/s/) under reference 927744. Registered Address: Tallis House, 2 Tallis St, Blackfriars, London EC4Y 0AB Company Registration Number: 11910858 Place of Registration: England

Mortgage availability depends upon your circumstances. The Financial Conduct Authority does not regulate some forms of Business Buy to Let Mortgages and Commercial Mortgages to Limited Companies. Not all services we offer are regulated by the Financial Conduct Authority. Your home may be repossessed if you do not keep up repayments on your mortgage. The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

Fees for advice: There will be a fee for mortgage advice, the precise amount will depend upon your circumstances. Your Consultant will confirm the amount before you choose to proceed but we estimate it to be between £500 to 1.5% of the loan amount.

Commission disclosure: We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.

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