Frequently Asked Questions

If you can't find your answers below, get in touch and we can help you with any questions you have.

Borrowing & Deposits

How much can I borrow?

We start our process by assessing your finances to help you understand how much you can borrow and how much this will cost you, based on your current and future position, as well as the up to date lenders' criteria - giving you confidence before you start house hunting.

Can I use a Gifted Deposit?

You can use a gifted deposit to help with buying your home, we will need to evidence where the money will be coming from and the relationship between yourself and the person giving you the gifted deposit.

What types of income are accepted?

We will advise you on how lenders will assess your income whether this be - Salary, Dividends, Net profit, Overtime, Bonus, Car allowance, London Weighting Allowance, Foster income, State benefits.

Application Process & Timeline

What happens after I've applied for a mortgage?

We will take your mortgage right through from research to Agreement in Principle, to application, to offer and then through the solicitor's to completion. We are with you every step of the way!

How long does the mortgage process take?

Typically 4-12 weeks, but this is dependent on your current circumstances, the type of mortgage being applied for and the position of third parties in the sale or purchase.

Mortgage Product Types

What is the difference between a fixed-rate and variable rate mortgage?

A fixed-rate mortgage has a set interest rate for a defined period, while a variable rate can change - affecting your monthly payments.

Fees & Costs

What fees are involved in getting a mortgage?

Your mortgage may include lender fees, valuation fees, adviser fees and legal costs. We will provide a full breakdown of any upfront costs prior to your mortgage application submission.

Get In Touch Today

Can't find your questions? Book a free consultation with us so we can answer all your questions for you.

Contact us

Call us now for Mortgage or Protection Advice: 01204 465524

Joanne Ramsden Financial Solutions Ltd is an appointed representative of Sesame Ltd which is authorised and regulated by the Financial Conduct Authority.

The information and content of this website is intended for UK consumers only, and is subject to the UK regulatory regime.

Joanne Ramsden Financial Solutions Ltd. Registered Office: Heaton Lodge, Marshdale Road, Bolton, BL1 5AQ. Country of Registration: England and Wales. Registration No. 09851361

The FCA does not regulate solicitors, surveyors, accountants, trust, some forms of tax planning and buy to let mortgages. For solicitors, surveyors, accountants, trust and tax planning we act as introducers only. The FCA does not regulate some forms of buy to let mortgages.