Here are some of our most commonly asked questions and answers
About Robin Mortgage Design
Are you 'whole of market'?
Yes. We have access to a comprehensive range of lenders across the UK and do classify ourselves as whole of market unlike other firms who only have access to very limited panels.
Do you charge a fee?
Yes. We charge our fee on mortgage offer which is typically £395.00, but this can vary depending on the complexity of you mortgage. Our costs will be confirmed to you at the earliest opportunity and before any formal commitment.
Are you a member of any regulatory body?
Yes. We're apart of HL Partnership who are regulated by the Financial Conduct Authority and we follow strict guidance and regulations provided by them. We also have a comprehensive compliance process to ensure our advice is suitable for your situation. Finally we comply with all Data Protection Regulations. You can be safe in knowledge that you and your data are in safe hands with us.
Are you independent?
Under FCA regulation we are not classified as independent. However we are not tied to any one lender or other institution, We are a mortgage brokerage in our own right here to work for you and will always have your interest at the heart of our advice. So, in that sense, yes we are independent.
Do I need a deposit to buy a house?
Maybe. Typically, this is 5% of the property value as a minimum. Some lenders will promote 100% mortgages; however, they require security in the form of savings or equity in other properties and these mortgages are typically reserved for first time buyers. There is one exception to this rule if you are considering shared ownership. If you are looking for an investment property, you would need a deposit starting at 15% of the property’s value.
I have a low credit score; can I still get a mortgage?
Yes. Not all lenders base their decision on your credit score and instead will consider the credit profile and how well you have managed your credit. You may have a low score because you have not had credit in the past or because you have had blips within the last 6 years. In either scenario, there may still be options for you. We recommend speaking to us so that we can secure a suitable mortgage.
I have been self-employed for 1 year, but have been told I need 2 years of accounts before I can get a mortgage, is this right?
You can apply for a mortgage after 1 year of trading. You must have a full 12 months history and be able to show accounts or a tax return. You are limited on your options, but mortgages are available from high street banks and specialist lenders. If you are working as a CIS contractor, you might not even need 12 months trading. It's always best to speak to an adviser if you are self-employed, because we can use a number of different incomes depending on your status.
Do you have experience with investment properties?
Yes. We have helped many landlords, new and experienced with their investment properties. So, if you are looking for your first property to rent, a HMO, multi-unit, or a review of your portfolio, we can help. If you own commercial properties then we have partnered with fully regulated, qualified and trusted firms who can help you with this type of lending.
I'm over 65, am I still eligible for a mortgage?
Yes. This is a growing sector and lenders across the country are taking new steps every day to help the older generation. So, if you're over 55, please give us a call as we might be able to help. If a mortgage is not suitable for whatever reason and you still wanted to purchase or release capital, then we have partners who will provide honest advice about Equity Release.
I have a large amount of debt, how will this impact my application?
All lenders will consider the amount of debt you owe with some lenders having limits depending on your income. We have lenders that will consider high levels of debts and will consider your application on its own merits. All we ask is that you are honest about your debts and in most cases we will secure a suitable option.
Discover more about our services by speaking to one of the team.