FAQs
How much deposit do I need?
Typically, lenders require a deposit of at least 5% to 10% of the property’s purchase price. At Entrust Financial Solutions, we understand that the size of your deposit can significantly impact your borrowing options. A larger deposit lowers your loan-to-value (LTV) ratio, potentially qualifying you for better interest rates and a wider range of mortgage products.
Our experienced team will guide you through how varying deposit amounts might influence your financing choices. Additionally, we’ll inform you about any government schemes that could assist you in the home-buying process, ensuring you make informed decisions every step of the way.
How much can I borrow?
Your borrowing capacity is determined by factors such as your income, regular expenses, credit history, and the lender’s affordability evaluation. While lenders generally start with income multiples, they also consider your individual circumstances. At Entrust Financial Solutions, we assess your financial situation upfront to provide a realistic borrowing estimate. This approach sets clear expectations and ensures you focus on properties that align with your budget.
Do you charge a fee for your services?
At Entrust Financial Solutions, we prioritise full transparency regarding our fees. Depending on the circumstances, our advice may involve a direct fee or be compensated by the lender upon completion of your mortgage. Should a fee apply, we will clearly communicate the exact amount and the payment timing before you move forward. We ensure there are no hidden costs, and you will always receive a straightforward explanation of all charges involved.
How long does the mortgage process take?
The timeline for mortgage applications can differ based on your individual situation, the property in question, and the lender's requirements. Typically, a standard mortgage application is completed within 2 to 6 weeks from submission to receiving an offer. More intricate cases, including specialist lending or self-employed applicants, may require additional time.
At Entrust Financial Solutions, we manage all communications with the lender on your behalf and provide regular updates throughout the process, ensuring you are always aware of your application's status.
Can you help if I am self-employed?
At Entrust Financial Solutions, we work with many clients who are self-employed, contractors, or freelancers, and we recognise the unique challenges involved in verifying income. While some lenders may be cautious, there are numerous lenders willing to support self-employed applicants. We assist you in gathering the necessary documentation, including tax returns and business accounts, and help showcase your financial profile effectively to lenders.
Will I get better rates through a mortgage adviser?
Partnering with Entrust Financial Solutions provides you with access to a broad selection of financial products from across the whole of market, beyond those offered by traditional high street banks. Certain lenders collaborate exclusively with brokers, which means some deals are unavailable without professional assistance.
Our role extends beyond securing competitive rates; we focus on identifying the most suitable product for your long-term financial goals. We carefully consider important factors such as flexibility, repayment options, and potential early repayment fees to ensure the solution aligns with your specific needs.
What documents will I need to provide?
Lenders typically require:
Proof of identity (passport or driving licence)
Proof of address (utility bills, council tax statements)
Proof of income (recent payslips or, if self-employed, SA302s or accounts)
Bank statements (to verify your financial position)
Evidence of your deposit (such as savings account statements)
Requirements can differ between lenders. At Entrust Financial Solutions, we provide you with a personalised checklist to ensure you have all the necessary documents ready before submitting your application.
What if my credit history isn’t perfect?
At Entrust Financial Solutions, we understand that missed payments or a less-than-perfect credit score do not automatically disqualify you from obtaining a mortgage. Certain lenders focus on assisting clients with credit challenges, although the variety of available products may be more limited. We will carefully review your credit profile, outline your options, and, whenever possible, connect you with lenders who are best positioned to consider your application.
Are you regulated?
Entrust Financial Solutions is a trading style of Titanium Financial Services Ltd, an appointed representative of Quilter Financial Services Limited, which is authorised and regulated by the Financial Conduct Authority.
Can you help with insurance and protection?
At Entrust Financial Solutions, we not only provide expert mortgage advice but also offer recommendations for protection products like life insurance, critical illness cover, and income protection. These solutions are tailored to help safeguard you and your family’s financial wellbeing in the event of unforeseen circumstances. We prioritize understanding your individual needs and will only propose coverage that aligns with your specific situation.