Guides

Most mortgage providers will be able to give you a good idea of the amount of money you’ll be able to borrow relatively quickly. Lenders tend to use an affordability calculation which takes into consideration not only your various incomes but also your level of expenditure. To find out how much you could borrow, you’ll need:

• Your income details (i.e., salary, bonuses, overtime & pension)
• Details on any payments you make on money you’ve borrowed (personal loans and credit card payments)
• Information about your outgoings (monthly travel costs, council tax, insurance policies, maintenance costs)

Contact us today and find out how much you may be able to borrow

There are a huge number of mortgages available at any one time, which can make it difficult to know whether you have found the best deal. Best Direct Finance prides itself on its depth of knowledge to research the market from more than 170 lenders on our panel to find you the best deal.

• Proof of ID (passport/UK driving license)
• Proof of Address
• Deposit Proof
• 3 months’ personal bank statement

Documents for employed, self-employed, sole trader, partnerships, LLPs, Limited Company Director and other, may vary based on their employment status. Please contact us for more information.

Finding the right mortgage and going through with the application is a very tedious and time-consuming job. Simplify the mortgage process and find the perfect deal with ease! Our 3-step approach makes it convenient for you to secure the best mortgage.

Step 1:  Contact us right away! 

Fill out our user-friendly from or call us directly to save time.

Step 2: Gather important information

Our expert advisor will reach out to you for a fact-finding conversation about your circumstances and the ideal mortgage for you, They’ll inquire about your current mortgage, income and expenses.

Step 3: Explore your options. 

Our dedicated mortgage broker will conduct thorough research. You may receive options on the same day, But if you situation is more complex, they may need to consult different lenders. In such cases, you can expect to hear back within 1-2 days.

One of the first decisions you’ll need to make is to decide whether a fixed rate or variable rate mortgage deal is better suited to you.

• A fixed rate of interest provides the certainty that your mortgage payments will remain the same for the duration of the fixed rate period.
• A variable rate is designed to go up and down in line with interest rate fluctuations. The most common type of variable rate is a tracker rate which falls and rises in line with changes to the Bank of England’s base rate, although other types of variable rate are available which may fluctuate in line with a lenders or other financial institutions variable rate. This means there could be times when a variable rate will save you money, and others when it’ll cost you a bit more.

If you think a fixed rate is the right option for you, many of the lowest rates on offer are for two-year deals, at which point you’ll need to renegotiate your deal. However, most banks also offer 3 and 5-year deals.

Most mortgage products have at least one fee attached to them, if not two. Here’s how it works:

The biggest fee you’re likely to pay is the arrangement fee, although it can also be called the product fee, booking fee or application fee. Some lenders can offer low rates but hike up the cost of their fees to make their products more attractive, so be sure to check out the arrangement fee before you agree a loan. You can expect to pay between £0 and £2,500, which can be paid on the mortgage application or can often be added to the loan.

Some lenders also charge a booking fee on fixed rate, tracker and discount deal mortgages. This could also be called the application or reservation fee. The booking fee will usually cost between £100 and £200.

Some lenders will also charge a valuation fee. This is paid to the lender to cover the cost of valuing the property to make sure the investment is sound. The valuation fee will vary according to the lender, and some lenders will not charge a valuation fee at all. As a guide, be prepared to part with £300-£400 for the most basic valuation offered. It is usually possible to upgrade to a more in-depth survey for an additional cost.