Frequently Asked Questions

Here are some common mortgage questions that you may have before deciding to get in touch

Who I help

A. Yes. I love helping First Time Buyers, and these schemes help them.
A. Yes, everything can be done remotely.
A. Yes. I keep in contact with my first time buyer clients to help them remortgage and move. I am happy to help new clients move home and remortagage too, especially when I’ve been recommended to them by an existing client!

A. Absolutely. If you’re self-employed different lenders will treat you differently. I save you time by going to the right lender for you.

A. I don’t get mortgages for people who use drive-thrus and then leave a bag of rubbish in the car park. If they aren’t ready to use a bin, they aren’t ready for a mortgage.

Getting a mortgage

A. As soon as you’re thinking about buying a home. Finding a property then seeking advice is more likely to leave you disappointed. The sooner my clients contact me, the more value and advice I can give them. Sometimes it’s over a year between our first call and them being ready to buy.

“Yeah but you would say that, you’re a mortgage advisor.”

Actually it would be great for me if all my clients turned up with a deposit and a home they’d like to buy as I would get paid much sooner. But this isn’t realistic, and it’s not how First Time Buyers get the best results. Best results come from planning ahead and being prepared, and early mortgage advice is a key part of that.

A. Potentially, but it would have to be a lot bigger, such as a 15% deposit instead of a 10% deposit. That’s an extra deposit of £10k on a £200k home. How much you can borrow is determined by how much money you earn and how much credit commitment you have. 

Yes it helps. You can check your credit report here. I will go through your Check My File credit report before submitting your mortgage application so that we know exactly what the lender will see when they check you out. I use Check My File as they report multiple credit reference agencies and you can access it for free for the first month and then cancel. It’s £14.99 per month if you don’t. 

A. You will need to provide me with pay slips (or tax calculations and overviews if you are self employed), bank statements, proof of deposit, ID, and your credit report. Depending on your situation you may also need to provide other things like benefits statements, company accounts, accountant’s certificates.

A. First you should ask if now is a good time to buy a home for you. If your lifestyle is stable, you can afford a home that meets your needs, you are ready to commit to one location, and perhaps to one person for a long time, it sounds like a good time. If what you are really asking is are house prices likely to drop after you buy a home, nobody knows. But you intend to live there for years not months, and if you are able to fall in love with a home, I bet somebody will too when you decide to sell.

About My Services

A. Usually I don’t charge first time buyers a fee. This will depend on your circumstances though.

For schemes like Help2Buy Equity Loan, Shared Ownership, Right To Buy, and others, you’ll typically pay an advice fee of £245. Other example of when I’d charge are for bad credit mortgages, complex incomes, or non standard homes. A typical fee would be £245 but could be up to £795. I’ll always let you know of any fees before we move on, and never charge you unless your mortgage completes.

Read more

A. I want to make professional advice accessible.

If I had to pay an advice fee when I bought my first home, I wouldn’t have taken professional advice and ended up paying a lot more in the long run because I didn’t realise how much I didn’t know back then.

I can do this because when a mortgage advisor arranges a mortgage, they are paid the same by the lender regardless of whether or not they charged their client a fee for the advice.

Read more

Alex P
Read More
Jamie was supportive all the way through my experience with my first time buyer application. Jamie responded very quickly and always had time for me. I would recommend Jamie 100% certainly helped me out and still helps me out even though the mortgage has gone through. Top quality service. Thank you
Kylie X
Read More
100% recommend Jamie as a mortgage advisor. He is very rapid with responses and cares about his job and your interests and not just getting the job done. He really took his time and we built a good rapport making everything a really smooth process. He explained everything thoroughly and was always there if we had any questions. We will definitely contact Jamie for remortgaging. Thank you!!
Dan G
Read More
Jamie was extremely helpful right from our first conversation. He listened and made sure he did all he could to get me a much better deal than what I was already on. He’s saved me £80 a month on my mortgage payments which is really a huge saving. A really professional and quick service - Within 2 days I had a new mortgage deal with no hassle as Jamie does all the leg work for you. I would definitely recommend for anyone looking to get a better deal, Jamie will definitely be able to get you that.
Reece L
Read More
Brilliant service from Jamie. Had our re-mortgage sorted within a week. No pressure was put on us to re-mortgage with the option he felt best suited to us opposed to our preferred re-mortgage option, simply stated the facts. Overall nice, friendly and will definitely use again in the future.
Adrian B
Read More
Jamie Thompson recently saved me £160 per month on my mortgage with no fees. I would recommend his friendly efficient and professional Services to Anyone looking for a mortgage or remortgage. Jamie has helped a number of our friends who have all commented on how good he is at what he does. Thanks Jamie.

Why Jamie Thompson Mortgages