Mortgages

A mortgage adviser like L & K Financial takes the time to understand your circumstances and find the most suitable mortgage for your needs. We have access to a wide range of lenders and products — not just one bank — and we’ll handle the entire application process
for you.

This means you save time, avoid stress, and often secure a more competitive deal than going direct.

The minimum deposit is usually 5% of the property’s purchase price, though putting down a larger deposit — 10% or more — can help you access better interest rates.

We’ll assess your situation and help you explore your options, including first-time buyer schemes or shared ownership if relevant.

The amount you can borrow depends on your income, outgoings, credit history, and lender criteria. Most lenders offer around 4 to 4.5 times your annual income, though this varies.

We’ll complete a full affordability assessment to give you a clear picture of what’s realistic — before you start viewing properties.

• Fixed-rate mortgages have an interest rate that stays the same for a set period (e.g. 2, 3, or 5 years), so your payments stay consistent.
• Variable-rate mortgages can go up or down depending on the lender’s rate or the Bank of England base rate.

We’ll explain both options clearly and help you decide which suits your goals and risk comfort.

It’s not compulsory, but it’s strongly recommended. We’ll offer a free protection review so you can decide on the right cover to safeguard your home and your future.

Yes. We regularly help self-employed clients, contractors, and company directors. Lenders assess your income differently, so it’s important to have the right documents (such as tax returns or company accounts).

We’ll guide you through the process and present your application in the best possible light to secure a competitive deal.

It’s best to speak with us before you start house-hunting. We can help you secure a Decision in Principle (DIP) — showing estate agents and sellers that you’re a serious buyer.

Getting advice early means you’ll know your budget, avoid delays, and be ready to move quickly when you find the right property.

When your fixed rate ends, your mortgage usually reverts to the lender’s standard variable rate (SVR) — which is often higher.

We’ll contact you before your deal ends to review your options and help you remortgage to a better rate, saving you money and avoiding payment increases.

Absolutely. Whether you’re buying your first rental property or growing your portfolio, we can help you find competitive buy-to-let mortgage options and guide you through the lending criteria and tax considerations involved.

From application to completion, the process typically takes 6–12 weeks, depending on the lender, property, and legal work. We’ll keep you updated at every stage and manage communication with the lender, solicitor, and estate agent to ensure a smooth process.

10. Do you also advise on insurance and protection?

Yes. As part of our service, we’ll review your protection needs — including life cover, critical illness insurance, and income protection — to make sure your home and family are financially secure.

This ensures that if the unexpected happens, your mortgage and lifestyle remain protected.

Simply contact L & K Financial for a no-obligation mortgage review. We’ll explain your options clearly, compare products across the market, and guide you from application to completion — keeping everything simple, transparent, and stress-free.