An independent mortgage advisor for you
Our qualified mortgage advisers are local to Bury St Edmunds and have an extensive knowledge of the town and surrounding area. With an office located in the town centre for over 30 years, Churchgates is well established in the community and has built an enviable reputation of excellent personal service.
When finding the best mortgage deal for you we aim to provide a streamlined and efficient process, with our advisers easily contactable by phone, email or in person.
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Repayment Calculator
Find out how much you could be paying monthly based on what you think your mortgage value will be, the interest rate and the term you intend to pay it over.
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Loan amount based calculator
Find out how much you could borrow for a mortgage by entering your monthly repayment figure, the mortgage interest rate and intended term.
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Interest only calculator
Calculate the possible monthly payments and costs of an interest-only based loan by entering your mortgage amount interest rate and mortgage term.
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A mortgage broker service in Bury St Edmunds
As an independent advisory firm, we have access to the whole of the market when searching for the most suitable mortgage and protection product for you.
A free initial meeting with our mortgage broker is an opportunity to review your current situation, whether you are looking to purchase a property for the first time, remortgage your current home or are looking to purchase a buy-to-let property in your portfolio.
Frequently Asked Questions
Got some questions about Churchgates Mortgage Advice Service? We're here to help, here are some of our most commonly asked questions.
A mortgage is an agreement that allows a bank or building society to lend money for the purpose of purchasing a property. This loan is secured on your property and therefore it is vital that you do not default on this loan as it can result in the property being repossessed to repay this debt.
Buying a house can be very complicated therefore we have created our 17 step mortgage process guide that has been designed to help make you aware of everything involved with purchasing a property.
Once we have established what options are available to you and your budget, we will contact the lender to obtain a decision in principle. In obtaining the decision in principle some credit and income checks will be carried out and if you meet the lender’s criteria, they will then allow you to make a full application. Our mortgage adviser will help you through each step.
Every decision is based on different individual’s circumstances, so it is important that you speak to an adviser. Typically, a lender will base their decision to provide you with a mortgage on a number of factors, these can include:
- Age
- Income and expenditure
- Credit history
Each lenders’ criteria varies slightly and can be stricter in different areas, meaning if you have been declined a mortgage in the past by one lender it does not mean you will not be accepted elsewhere.
To determine how much you can borrow there are a number of factors that need to be considered including your income, your monthly committed and discretionary expenditure. If you would like help determining how much you could borrow, please contact one of our mortgage advisers.
You can also get an approximate estimate on how much you could borrow by using our online mortgage calculator.
Protection is designed to shelter you and your family against the impact of a death, a critical illness or unemployment. It is important that you consider the effect these events may have on your own circumstances. There are many different forms of protection to shield you from the effects of these events.
Your home may be repossessed if you do not keep up repayments on your mortgage