Port Financial Services
Port Financial Services

Get the guidance you need

Specialists in home lending

Specialists in home lendingSpecialists in home lendingSpecialists in home lending
Contact Us

Get the guidance you need

Specialists in home lending

Specialists in home lendingSpecialists in home lendingSpecialists in home lending
Contact Us
Why Choose Us

We are specialists in traditional & complex mortgage lending

  1. Home Lending: We know that securing a home loan can be a daunting and stressful time. By taking the time to understand your requirements, we take that stress and worry 
  2. Complex Lending: We specialise in bridging loans that provide a short term property financing option.

Services

First Time Buyers

First Time Buyers

First Time Buyers

Looking to step onto the first rung of your property ladder? We can help with our First Time Buyer lending service. Buying a home for the first time can be filled with apprehension. We work with many first time buyer lending providers to help make the process of purchasing your first home as straightforward and stress free as possible.

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Remortgage

First Time Buyers

First Time Buyers

Remortgaging is the process of moving your existing property from one lender to another. It is an opportunity to overhaul your mortgage by borrowing more money, pay off a large sum of your mortgage, extend or shorten your term, add or remove individuals from the mortgage , switch to a buy-to-let or even just change to a new product.

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Buy to Let

First Time Buyers

Buy to Let

Whether you’re a first time buyer or want to add to your property portfolio, a Buy to Let mortgage can help with securing that investment property. Our buy to let mortgage service takes the hard work out of finding the lending you need so you can carry on managing your property investments.

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Let to Buy

Insurance & Protection

Buy to Let

Not to be confused with a Buy to Let mortgage, Let to Buy lending allows you to rent out your existing home whilst you buy a new property to live in. If you don’t want to sell your current property when buying a new home, a let to buy home loan could be the perfect solution for you.

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Bridging Loans

Insurance & Protection

Insurance & Protection

Bridging loans provide a short term secured solution if you need to fill the financial gap between selling your existing property and purchasing your new one. If selling your home is taking longer than planned, there are options that mean you don’t have to pull your offer on your next property. Our bridging loan service can help find a short term solution to help you secure your dream home.

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Insurance & Protection

Insurance & Protection

Insurance & Protection

We provide a range of insurance and protection options to give you peace of mind when life throws those unexpected curve balls. We’ll help source the right policy for you based on your insurance needs.

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We used Amy at Port Financial Services for our mortgage. She was professional, very knowledgeable & explained the various options open to us & the merits of each. We have been delighted with the advice we received and will use Port again when the fixed term ends and we look to remortgage.

L. Wells

Helen has handled all my mortgage work for the last 5-6 years. Easy, efficient & so good that it actually seems easy. And for anyone buying & selling houses you know there is no greater compliment.

E. Yorke

Frequently Asked Questions

Please contact us at info@portfs.com if you cannot find an answer to your question.

When buying a property, you need a large sum of money known as a deposit to ensure you can get a mortgage. The deposit pays for a chunk of the property and then you will get a mortgage for the rest of the property, which you then pay in monthly instalments. How much deposit you will need will depend on the lending provider, but it generally ranges from 5% to 20% of the property purchase price. You can pay a larger deposit which will mean your mortgage repayments per month will be lower and you will pay less interest overall. Where the deposit comes from is equally important as the amount. The following are acceptable deposit sources: Personal savings - proof of funds building up on your account will be required Inheritance - proof of the inheritance and where the money has come from will be required Gifts from family members - note from the family member confirming the money is a gift and that they have no interest in the property will be required.

Stamp duty is a tax you may have to pay when buying a property. Not everyone has to pay stamp duty and sometimes the government introduce stamp duty holidays to drive up house purchases. We will let you know during your lending journey with us, if you qualify for paying stamp duty and what that will look like for you.

You will need to make sure that the property you are purchasing has building insurance in place upon completion. This is a requirement of the lending provider and is the minimum insurance you will require on your property. In addition to building insurance, we recommend the following insurances: Contents insurance - This covers the cost of replacing / repairing your possessions if they are damaged, destroyed or stolen. Life insurance - This is a contract that pays a sum of money to the named beneficiary when the insured individual dies. Income Protection - This cover pays you a regular income if you can’t work because of sickness or disability and continues until you return to work or retire. **Please be aware that these statements are generalised and are dependent on the contract between you and the provider.**

Timescales are completely dependent on the individuals that are purchasing and selling their property. Generally speaking, once you have found the property you wish to purchase, getting a mortgage offer can take up to 3 months, then your solicitor can take up to 4 weeks to complete the mortgage. Please bear in mind, these timescales are based on the most straightforward mortgage process. If there are any nuances to your lending, or depending on the chain, this could be shorter or longer.

Our advisors will ask you to provide your credit report to help obtain a mortgage. The credit scores you require will vary between lenders. The actual score does not necessarily impact your ability to have a mortgage approved as the lenders are generally more interested in how you manage your credit. They look at things like missed payments, CCJ’s and voluntary arrangements to pay. Even if you have bad credit, we can help try and find the right solution for you with the right lender.

You would need to remortgage due to the following: Your current mortgage is coming to an end of its fixed rate. You are looking for a better deal than your existing lender can offer. You’re planning on borrowing more money against your property. This could be used for: - Home improvements - Deposit for a buy to let mortgage - Deposit for a holiday home - Debt consolidation - Raising capital for legal reasons (other than paying a tax bill or paying off gambling debts)

When you sign up to a mortgage you will get an initial fixed rate. This is an interest rate set by the lender that will stay the same for a sent period of time. This is usually 24 months (2 years) or 60 months (5 years). Every lender has unique rates that they can offer and the year your fixed rate is coming to an end, you may find a better one with a different mortgage provider.

When approving a mortgage, lenders also take the following into consideration: - Any changes to your credit score - Any changes to your income - If you have any children below the age of 18 - Any increase in your outgoings Our team will go through all of this with you to ensure we are finding the best solution for you when buying your home.

Contact Us

Port Financial Services Ltd

26 Market Place, Swaffham, PE37 7QH, United Kingdom

01603 383383 info@portfs.com

Hours

Monday - Friday: 9am - 5pm

Saturday: By appointment

Sunday: Closed

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Important Notice

Your home (or property) may be repossessed if you do not keep up with the repayments on your mortgage.

Copyright © 2023 Port Financial Services Ltd - All Rights Reserved. Port Financial Services Ltd is entered on the Financial Services Register under ref no: 930815

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