Navigating Purchase Mortgages with Manuka Money!
Discover the seamless path to property acquisition with Manuka Money’s expertise in purchase mortgages. Whether it’s your first home, a second property, or a new residence, our step-by-step guidance ensures a swift and smooth process tailored to your unique circumstances.
Embark on Homeownership
Secure Your Property with a Purchase Mortgage!
A purchase mortgage is a financial arrangement that enables individuals to acquire a property. Whether you’re a first-time homebuyer, looking to invest in a second property, or planning to move into a new residence, a purchase mortgage is the key to turning your homeownership dreams into reality.
At Manuka Money, we understand that purchasing a property is a significant step, and we’re here to guide you through the entire process. Our experienced team is dedicated to finding the perfect mortgage solution tailored to your unique circumstances and preferences. We work diligently to ensure a seamless application process, allowing you to transition smoothly into your new home. With a purchase mortgage, you can take the first exciting step towards owning your own piece of real estate.
From an award-winning broker
We Rapidly Search Through Thousands of Mortgages to Uncover the Most Competitive Mortgage for Your Circumstances
Expert advice with no upfront fees.
Mortgages from £50,000 to £100 million.
Whole of market access.
Terms from 3 to 40 years.
Adverse and bad credit considered.
Mortgages with 5% deposit available.
Trusted by 100's of homeowners across the UK.
What Does a Purchase Mortgage Entail?
A purchase mortgage is acquired when you are looking to buy a property, whether it’s your first-time purchase, an additional property, or a move to a new home. At Manuka Money, we offer comprehensive guidance through each phase of the process, ensuring that you secure a mortgage that precisely aligns with your needs and situation. Our commitment lies in facilitating a swift and seamless application process for you.
Discover the Insights That Truly Matter!
These real-life experiences offer a glimpse into the world of Manuka Money. Learn first-hand how we've transformed aspirations into reality, providing tailored mortgage solutions and unwavering support.
We were introduced to Carl through a mutual friend, who had worked with him prior to him setting up his own company Manuka mortgages. Our initial enquiry and dealings began early in 2022 as we were at the fact finding stage and needed some advice.
Some months later we got back in touch with Carl as we were ready to push the button on a house.
Carl is a delight to work with, he is friendly and approachable (unlike other brokers I have worked with in the past!) he is throughly professional and extremely efficient. We have no hesitation in recommending his services.
— Stephen B. (Homeowner)
I cannot recommend Carl enough! Absolutely fantastic from the start to the finish of us purchasing our house! We are self employed which made it slightly more difficult but nothing was too much trouble, no matter the time of day Carl was there to put our mind at rest and give us great advice. He was honest from the start about all our options and really did his best to help. We will definitely be using Carl again when we remortgage. Such a lovely yet professional man who will absolutely do his best for you!
— Courtney (Homeowner)
I wanted to get a new mortgage with a more competitive rate of interest and was advised to try Manuka Money by a friend. I am so glad I did! The process was painless and quick, with everything laid out in easy to understand terms.
My options and needs were discussed in detail and I can't fault Manuka Mortgages for a single thing. Not only were all options spelled out for me, I was given first hand accounts of experience with each company and advised on the basis of that who would be best to go for. The entire time I was speaking to the same person, I did not feel like I was being passed from pillar to post but was given a bespoke experience.
I will recommend this company to absolutely anyone who asks me for mortgage advice.
— Mr King. (Homebuyer)
Frequently Asked Questions
What is a purchase mortgage?
A purchase mortgage is a type of loan specifically designed to help individuals buy a property. It provides the necessary funds to purchase a home, whether it's your first property, a second home, or a new residence.
How does a purchase mortgage work?
When you apply for a purchase mortgage, the lender provides you with the funds needed to buy the property. You'll then make regular monthly payments to the lender, including both the principal amount borrowed and the interest accrued.
What are the key factors to consider when choosing a purchase mortgage?
Several factors play a crucial role in selecting the right purchase mortgage, such as the interest rate, loan term, down payment, and any associated fees. It's essential to work with a knowledgeable mortgage advisor who can help you navigate these factors and find a mortgage that suits your financial goals and circumstances.
Representative Example for secured loans: based on borrowing £18,000 over 120 months. Interest Rate: 5.5% fixed for 60 months with instalments of £213.33. Followed by 60 months at the lenders standard variable rate of 5.7% with instalments of £214.36. Fees: Broker fee (£1,062); Lender fee (£595). Total amount payable £25,756.4 comprised of; loan amount (£18,000); interest (£6,004.4) including broker fee and lender fee. Overall cost of comparison 7.902% APRC. This means 51% or more of our clients receives this rate or better for this type of product. We have arranged borrowing with rates from 4.9% to 29% APRC which has allowed us to help customers with a range of credit profiles. We are a broker not a lender.
Secured Loans have a minimum term of 36 months to a maximum loan term of 360 months. Maximum APRC charged 29%.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or other debt secured on it.
If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.