Elementary Mortgage Solutions

Money-saving tips to help you manage your finances like a pro.
These tips are not just healthy for your bank balance but could also be great for your physical health.
At the beginning of each year, many of us will make good intentions to be more frugal when it comes to our spending habits. But, as hard as we try, this isn't always easy.
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Mortgages for Portfolio Landlords
At Elementary Mortgage Solutions, our mortgage brokers specialise in working with individuals who have a portfolio of properties. Our team of experts can find you great deals on buy to let mortgages, help reduce your costs and, in turn, increase the profitability of your portfolio.
Supporting Portfolio Landlords... Never has the criteria of lenders been so strict and complicated when it comes to Portfolio Landlords. Many changes to policy now mean that if you own 4 or more Buy To Let Mortgages you are classed as a Portfolio Landlord. To grow your portfolio, you will need to jump through more hoops and provide more information than ever before.
​From stress testing the rents on both the property in question and on the portfolio as a whole Interest Coverage Ratios Business Plans Top Slicing Minimum Personal Income Are you a Higher or Lower rate taxpayer Assets and Liabilities Breakdowns Cash Flow Predictions Total Leverage across your Portfolio Will the property be held in a Limited Company The list goes on, and no two lenders are the same when it comes to the evidence they will require and criteria you will need to meet. Because of all the changes and additional work involved, many Mortgage Brokers have backed away from dealing with Portfolio Landlords.
Here at Elementary Mortgage Solutions, we recognise the issues and welcome Portfolio Landlords. We have many Portfolio Landlords as clients, and we work closely with them to grow and maintain the finances of their portfolios. This has given us valuable experience with the lenders on our panel, making us experts in the Buy To Let Mortgages.
If your current broker has cut you lose, you are just starting to build a property portfolio, or you have 150 properties and want a broker who is happy to work with you, please get in touch with our team of Mortgage Brokers.
https://www.elems.co.uk/portfolio-landlor ds/#
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Purchasing your first home should be an exciting time. However, once you start to consider the financial side, it can seem a little daunting.
Whether you’re worried about the deposit you will need, concerned about your credit score or simply don’t know where to start when it comes to mortgages, then this blog is for you. We take a closer look at five important tips for first time buyers to help remove the worry and get you back to feeling excited about your first property p...
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If you are looking to purchase a property or move house saving money is the first thing you need to do.
Here are 10 tips by Which that could help you get started ...
1. Transfer your debt ...
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Capital Raising Mortgage Advice
When planning a large purchase or home improvements, we often consider taking out a personal loan or credit card. If you own a property, there could be a better way to raise the funds you need. With a Capital Raising Mortgage, you can release some of the equity in your home.
What is a Capital Raising Mortgage?
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The modern dream of owning your own property may not be as far away as you think.
If you feel financially secure and have your heart set on purchasing your first home, then it will help if you understand as much as possible about the first time buyer mortgages available to you.
Where To Start
... Firstly review your credit file through one of the credit reporting agencies such as Experian or Equifax. Start to address any problems and build up your credit score. First time buyers often only have a small deposit which means they need to borrow a larger percentage of the properties purchase price. The greater the percentage that needs to be borrowed, the stricter a lender will be with the application.
Identify the kind of property you are interested in and the market value. On our website, we have a simple mortgage calculator tool that helps predict what your monthly repayments may be. To use the calculator tool, you’ll need to plan how long you’d want the mortgage for and what deposit you can pay upfront. You can use the calculator tool to experiment with different options.
Financial Planning
Before you even start viewing properties, it’s important to get a detailed grasp of your personal finances. Mortgage lenders focus on how much they can lend you based on affordability. Simply put, lenders want to see how much spare income you have once all your bills and expenses are paid each month. If you already pay rent and household bills this is a good starting point. You need to know about all your finances in detail. What are your outgoings and income? What debts do you already have?
What Deposits Are Required?
The minimum deposit for a first time buyer mortgages is 5% of the amount you need to borrow. The larger the deposit, the better the interest rate on your mortgage. As a guide, you have a better choice of mortgages if you have saved 20% of the property value for a deposit. Don’t worry if you haven’t been able to reach this value. The team at Elementary can still help you find an affordable mortgage deal.
https://www.elems.co.uk/first-time-buyer- mortgages/#
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Not sure if you can afford a mortgage? Try our mortgage calculator to find out.
Our mortgage calculator is computer generated and relies on certain assumptions. It is designed to give you a general idea of the repayments you can expect to pay for a specified mortgage term and interest rate.
For a more exact figure and to find out how much you can borrow, please contact our expert team of mortgage advisers.
... https://www.elems.co.uk/mortgage-calculat or/
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Looking for a Mortgage but don't know where to start? Here's what we do ...
The Elementary Mortgage Process
Get In Touch... Pick up the phone or fill out our enquiry form. There are no silly questions, and we can have a relaxed and informal chat to see if we can help you. We endeavour to answer all calls. However, there will be times when we are in appointments in which case please leave us a message, and we will get back to you within a couple of hours.
Financial Analysis We will arrange a convenient time and place for us to talk, generally within a week. This can be at your home or work, and our initial meeting is free and without obligation. This is where we get to know you and your circumstances. We will undertake a full financial analysis looking at your current situation and future plans and assess your income and expenditure.
Research Taking all the information you have given us its now time for us to put our skills and experience to use. We search our comprehensive lender panel for the best solution that meets your needs and circumstances. This may include a credit check and applying for a Decision In Principle (DIP).
Our Advice Next, we tell you all about the mortgage deals we have found and any other related products that will suit you. We will discuss the reasons behind our choices, tell you about any costs and fees involved and explain all the terms and conditions surrounding your chosen products.
When You Are Happy Once you are happy to proceed, its time for us to apply for your mortgage. We will collect any outstanding documents, help with all paperwork involved and liaise with the lender on your behalf.
Keeping You In The Loop The process of applying for a mortgage varies and can be anything from 2 weeks to 3 months. Rest assured, we will keep you informed every step of the way until you have your mortgage offer from the lender.
Ongoing Support We pride ourselves on building long term relationships and offering excellent customer support. If you ever need assistance, we are always at the end of the phone. If your circumstances change or you have any questions, please don’t hesitate to get in touch. We will also make regular contact to make sure you are happy and to help you find your next mortgage.
https://www.elems.co.uk/
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How to Add Value to Your Home: Top 20 Tips
Unsure of how to add value to your home? Look no further — whether you are renovating, remodelling for simply carrying out a quick home makeover, our guide has you covered.
Wondering how to add value to your home? Our top 20 tips will ensure that whether you are carrying out a home renovation project, remodelling internal layouts or are simply aiming for a home makeover, the price of your house will benefit.
... Even if you don’t plan on selling your house any time soon, it pays to know how to add value to your home. Certain projects are guaranteed to boost not only the kerb appeal of a house but also its value — and they need not cost the earth or be hugely disruptive either.
https://www.homebuilding.co.uk/20-sure-wa ys-to-add-value-t…/
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Interior designers reveal the 10 biggest mistakes people make when decorating a living room
Even if your living room looks pretty great, a few common mistakes could be preventing it from being perfect.
Insider spoke with four designers to find out the top 10 mistakes people make when decorating a living room.
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Supporting Portfolio Landlords
Never has the criteria of lenders been so strict and complicated when it comes to Portfolio Landlords. Many changes to policy now mean that if you own 4 or more Buy To Let Mortgages you are classed as a Portfolio Landlord. To grow your portfolio, you will need to jump through more hoops and provide more information than ever before.
​From stress testing the rents on both the property in question and on the portfolio as a whole.
... Interest Coverage Ratios Business Plans Top Slicing Minimum Personal Income Are you a Higher or Lower rate taxpayer Assets and Liabilities Breakdowns Cash Flow Predictions Total Leverage across your Portfolio Will the property be held in a Limited Company The list goes on, and no two lenders are the same when it comes to the evidence they will require and criteria you will need to meet. Because of all the changes and additional work involved, many Mortgage Brokers have backed away from dealing with Portfolio Landlords.
Here at Elementary Mortgage Solutions, we recognise the issues and welcome Portfolio Landlords. We have many Portfolio Landlords as clients, and we work closely with them to grow and maintain the finances of their portfolios. This has given us valuable experience with the lenders on our panel, making us experts in the Buy To Let Mortgages.
If your current broker has cut you lose, you are just starting to build a property portfolio, or you have 150 properties and want a broker who is happy to work with you, please get in touch with our team of Mortgage Brokers.
https://www.elems.co.uk/portfolio-landlor ds/#
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Property for sale: Buyers reveal most important factor when choosing which home to buy
Buyers will be looking to get the best value for their money when it comes to choosing their new home. A study conducted by landscaping manufacturer Marshalls has shared the two most important factors when moving home. What are they?
According to the new study, when buyers go on the hunt for a new house, outdoor space for both leisure and practical practices is number one for UK house hunte...rs, followed by parking space.
The research asked 1,000 people for the most important features they look for when deciding on a new property, with gardens and off street parking coming out top of the list.
More than half of the participants, 54 per cent to be precise, said a private garden would always be on their must-have list.
Meanwhile, 24 per cent opted for off street parking as the most important factor.
The research also found that location was the most important factor for only 18 per cent, with the size of the property mattering for just four per cent of the respondents.
“The results of this research show that people really value good quality outdoor space at home and that it’s a strong deciding factor when house hunting,” said Chris Harrop, director of sustainability and marketing at Marshalls.
“As the study shows, an investment in your garden or drive not only benefits your lifestyle, but it also adds value to your home if you decide to move on. Creating and maintaining a garden can give you years of fun and relaxation with the family but it’s also good to know that it will encourage buyers when you come to sell.”
https://www.express.co.uk/…/property-fo r-sale-buyers-most-i…
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At Elementary Mortgage Solutions, we pride ourselves on the highest standards of customer service and building lasting relationships.
As one of our clients, you can expect a clear, jargon-free explanation of the Mortgage process put across in a relaxed and informal way.
https://www.elems.co.uk/

Diverse Mortgage Options
Going to your bank or building society means you are restricted to the products of one provider.
As an independent mortgage adviser we can search our panel of over 70 lenders and 1000s of products to find the most competitive rates available.
... https://www.elems.co.uk/
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How useful are smart home tech products? We look at whether the latest leading energy saving gadgets are worth having...
Do you have a connected home? It's a buzz term describing households that choose to have smart thermostats, smart plugs, smart appliances, light controls and even electric vehicle charging stations, installed to 'make life easier.'
As more people lean on technology, it seems only natural that this reliance has started to seep into the place we spend most of...
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Elementary Mortgage Solutions is a Nottingham based mortgage adviser. We are experts in recommending and arranging mortgages and other related insurance products to the people of Nottingham and the wider Midlands area.
We work from a panel of lenders, which means, we are not tied to any one provider and can compare thousands of products to find the best one that meets your circumstances.
Whether you are a First Time Buyer, looking to remortgage and raise capital or thinking o...f buying an investment property, knowing which mortgage is best for you now and in the future is not always an easy task.
https://www.elems.co.uk/
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The ultimate guide to a Passive House
Passive Houses (known as Passivhaus in most of mainland Europe) are homes designed to combine ultra-low energy consumption with consistently good air quality.
They are built to a rigorous voluntary standard, with superinsulation, low-volume heat recovery ventilation systems and tightly controlled rates of air infiltration, which combine to make sure the building’s carbon footprint is as small as possible.
... By achieving Passivhaus standards, a building can manage without conventional heating systems, although most Passivhaus structures do have some kind of minimal heating system to boost temperature levels.
https://www.ovoenergy.com/…/energy-guid es/passive-house.html
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There are many different types of mortgage protection insurance to cover you for all eventualities. Many people think they are covered and have the correct amount and type of cover. However, this is rarely the case. Especially if it has been some time since your last review and your circumstances have changed.
Let our mortgage advisers create a protection solution to match your current and future needs that fully protects you and your family.
https://www.elems.co.uk/mortgage-protecti on-insurance/