Full Management

Ongoing management services for landlords to ensure their properties are well-maintained and compliant with regulations.

 Services Included:

  •      Routine property inspections and maintenance coordination
  •      Rent collection and financial reporting
  •      Handling tenant inquiries and complaints
  •      Eviction management, if necessary
  •      Legal compliance advice and documentation (e.g., safety certificates)

Tenant Finding Only

Assistance in locating suitable tenants for rental properties.

Services Included:

  •       Comprehensive marketing of the property on various platforms
  •       Conducting viewings and open houses
  •       Screening potential tenants (background checks, employment verification, credit checks)
  •       Preparing tenancy agreements
  •       Handling deposit collection and administration

Rent Collection

Our rent collection service is designed to make managing your rental property simple and stress-free. We handle all aspects of collecting rent from your tenants, ensuring payments are made on time and securely processed.

We monitor payments closely, keeping you fully informed about your property’s financial performance. In the rare event of a late or missed payment, we act promptly to resolve the issue, maintaining open communication with tenants while protecting your income.

Mortgages

 

Understanding the Mortgage Process

Securing a mortgage is one of the most important steps in purchasing or investing in property. The process can seem daunting, but with the right guidance, it becomes straightforward and manageable. Here’s an overview of what the mortgage process typically involves in the UK:

  1. Assessing Your Needs
    The journey begins with understanding your financial situation and goals. Whether you’re a first-time buyer, looking to move home, or expanding your property portfolio, the type of mortgage you need will depend on your circumstances and objectives.

  2. Determining Your Budget
    Mortgage lenders assess your income, expenses, credit history, and deposit size to determine how much you can borrow. This process includes affordability checks to ensure you can comfortably manage your repayments alongside other financial commitments.

  3. Exploring Mortgage Products
    With a wide range of mortgage options available, it’s important to choose one that suits your needs. Common types include fixed-rate mortgages (with consistent monthly payments), tracker mortgages (which follow the Bank of England base rate), and buy-to-let mortgages (for rental properties).

  4. Securing an Agreement in Principle (AIP)
    Before you start house hunting, many buyers obtain an Agreement in Principle from a lender. This document provides an estimate of how much you may be able to borrow and reassures sellers that you’re a serious buyer.

  5. Making Your Mortgage Application
    Once you’ve found a property, the next step is to complete a full mortgage application. This involves providing detailed documentation, such as proof of income, bank statements, and ID. The lender will also conduct a valuation of the property to ensure it’s worth the amount you wish to borrow.

  6. Receiving Your Mortgage Offer
    If your application is successful, the lender will issue a formal mortgage offer. This document outlines the terms and conditions of your mortgage agreement. You’ll typically have a set period to accept the offer before it expires.

  7. Completion and Beyond
    Once contracts are exchanged and the purchase is completed, your mortgage begins. Payments are usually made monthly, and it’s important to keep track of your repayment schedule. Over time, you may also consider remortgaging to secure a better rate or adjust your borrowing.

How We Can Help
The mortgage process can be complex, but you don’t have to navigate it alone. Our team at Gerard Savary Mortgages is here to provide expert advice, explain your options, and handle the paperwork, ensuring a smooth and stress-free experience from start to finish.