Mortgage Broker Coventry
Mortgage and protection advice from our office on Siskin Drive in Coventry. We search our panel of lenders for you, deal with the paperwork and keep you updated until you get the keys. Your first conversation with us is free.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Coventry Mortgage Advisers
HR Financial Services (HRFS) is a mortgage broker based in Coventry. Our advisors Roshan, Manny and Shez work with buyers, home movers, landlords and homeowners coming to the end of a deal. Emma runs the admin side so applications keep moving.
We start with you rather than a product. What you earn, what you already pay out, the deposit you have and what you want the next few years to look like. Then we compare mortgages from our panel of lenders. That covers high street banks, building societies and specialist lenders, including some deals you can only get through a broker. You’ll get a clear recommendation and the reasons behind it.
HRFS is part of the PRIMIS Mortgage Network and is the sister business of HR Estates, the estate agent.
Roshan, Emma, Harry and Manny from the HRFS team.
What Our Advice Costs
Your first conversation with us is free. If you decide to go ahead, our typical fee for mortgage advice is £600. You pay £300 when your application goes in and £300 when your mortgage offer arrives. The exact fee depends on your circumstances and we’ll agree it with you in writing before any chargeable work starts. There’s no fee for insurance advice. We receive commission from the insurer instead. Full details are on our fee structure page.
Mortgage Advice In Coventry
Most people come to us for one of the mortgages below. Each page goes into more detail.
Moving home or buying your next property. We work out what you can realistically borrow and which lenders suit your income.
Help with your Agreement in Principle, your deposit, family help and buyer schemes, then through to completion.
You can secure a new deal up to six months before your current one ends. We’ll look at your options early so you don’t roll onto your lender’s standard variable rate.
For landlords buying a first rental, adding to a portfolio or refinancing. The FCA does not regulate some forms of buy to let mortgages.
Lenders that accept new build homes, and mortgage offers that may last long enough for the build to finish.
For missed payments, defaults or CCJs in the past. We check your credit file first and look for lenders who may consider your case. Rates, fees and deposits are usually higher.
Your home may be repossessed if you do not keep up repayments on your mortgage.
How Our Mortgage Advice Works
We talk through what you want to do, your income, your outgoings and your deposit. It costs nothing and there’s no obligation to go further.
Each lender has its own rules on income, credit history and the type of property. We compare rates, fees and criteria and tell you which mortgage we’d recommend and why.
An Agreement in Principle shows estate agents and sellers roughly what a lender may let you borrow. It’s usually the first thing an agent asks for once you start making offers.
We tell you exactly which documents we need, check them and send the application to the lender. If the underwriter has questions, we answer them for you.
Once the offer comes through we stay in touch with your solicitor, the estate agent and the lender until completion. When your deal comes up for renewal later on, we can look at it again with you.
Your home may be repossessed if you do not keep up repayments on your mortgage.
“We finally bought our family dream home last year in a desirable location in Coventry. Manny our Mortgage Advisor was amazing and helped us with all the paperwork and made the purchasing process so much easier. He now is our mortgage advisor for life. We are definitely satisfied customers.”
Manvir Bains, Google review ★★★★★
Protection And Insurance
For most households the mortgage is the biggest bill they have. Protection can help keep it paid if illness, injury or a death means the income behind it stops. We can look at cover alongside your mortgage or on its own at any time.
Every policy has its own terms and exclusions. We’ll go through what is and isn’t covered before you decide.
Can pay off or reduce your mortgage if you die or become seriously ill during the term. What it covers depends on the policy you choose.
Pays a lump sum to the people you name if you die while the policy is in place.
Pays out if you’re diagnosed with one of the specific conditions listed in your policy.
Pays part of your monthly income if you can’t work because of illness or injury, after a waiting period you agree at the start.
Buildings and contents cover for your home. Most lenders want buildings insurance in place by the time you exchange contracts.
You’ll speak to a real person in our Coventry office. Clients often mention Roshan, Manny and Emma by name in their reviews. Meet the team.
Director and Mortgage Advisor
Mortgage Advisor
Mortgage Advisor
Mortgage Administrator
Mortgage Administrator
Get a rough idea of your monthly repayments. Change the figures to see how a bigger deposit or a different term affects the cost.
This calculator gives an estimate for illustration only, based on a repayment mortgage at the rate you enter. It isn't a mortgage offer or advice. The rate and amount a lender offers will depend on your circumstances and their criteria. Speak to one of our advisors before making any decision. Your home may be repossessed if you do not keep up repayments on your mortgage.
Mortgage Broker Coventry FAQs
These are the questions we’re asked most. If yours isn’t here, give us a call.
Why should I use a mortgage broker?
If you go straight to your bank, you’ll only see that bank’s mortgages. A broker compares mortgages from a panel of lenders to find one that suits your circumstances. Paperwork, chasing lenders and updating solicitors and estate agents are all handled as part of the service too.
How much does a mortgage broker charge?
Your first conversation with us is free. Our typical fee for mortgage advice is £600, split into £300 when you apply and £300 when your offer arrives. It depends on your circumstances and we’ll agree it with you in writing before any chargeable work starts.
How much can I borrow for a mortgage?
There’s no set amount. It depends on your income, your outgoings, any debts and the size of your deposit. Lenders each work it out differently, which is why a broker who speaks to several lenders can help. Once you have an Agreement in Principle, you’ll have a better idea of your budget.
Can I get a mortgage with bad credit?
It may be possible. It depends on how recent the problems were, how serious they were and how your finances look today. Missed payments, CCJs and defaults don’t always rule you out, but specialist lenders usually charge higher rates and fees.
What documents do I need for a mortgage application?
The main documents are a valid photo ID, proof of address, your last 3 months’ payslips and bank statements and your last P60. If you’re self-employed, you’ll need your last 2 years of SA302s and tax year overviews. In both cases you’ll need proof of your deposit. We’ll give you a full list before your application goes in.
When should I look at remortgaging?
You can secure a new deal up to 6 months before your current one ends. Looking early may help you avoid moving onto your lender’s standard variable rate. We’ll compare your current lender’s offer with what other lenders on our panel can offer.
Call us on 02476 214526, email hello@hrfs.co or send us a message. Our office is at Number Three, Siskin Drive, Coventry CV3 4FJ and we’re open Monday to Friday, 9am to 5pm. Your first conversation is free.