FAQs – The Finance Seer

Frequently Asked Questions

We understand that navigating mortgages and protection can raise a lot of questions. Below are the answers to the things that we’re most commonly asked – clear, concise, and written with you in mind.

If you can’t find what you need here, just get in touch. We’re always happy to help.

How much deposit do I need?

The deposit you’ll need depends on your circumstances and the type of property you’re buying.

First time buyer? You may be eligible for a mortgage with as little as a 5% deposit.
Residential mortgages typically require 10% – 15%.
Buy to let or portfolio properties often require a 25% deposit or more.

We’ll help you understand what’s realistic – and make sure your deposit works hard for your goals.

How long does a mortgage last for?

Most mortgages can run for 25 to 30 years, but the term can be tailored.

You might choose a shorter term to reduce interest overall, or a longer term to lower your monthly repayments.

We’ll help you strike the right balance between affordability now, and for the future.

How much could I borrow?

your borrowing capacity depends on several factors, including your income, credit history, and existing commitments.

Most lenders offer around 4-5 times your annual income, but criteria can vary. We work with a. wide range of lenders – including those who specialise in complex income – to help you understand your true borrowing potential.

What do I need to have my offer on a property accepted?

A strong offer is more than just a number. To put yourself in the best position, aim to have:

An agreement in principle.
Your deposit funds visible and ready.
A clear idea of timescales and legal representation

We’ll guide you through each step and help position you as a serious, well prepared buyer.

What is protection and why do I need it?

Protection refers to financial safety nets – such as life insurance, critical illness cover, or income protection – that support you and your family if something unexpected happens.

These policies can help:

Pay off your mortgage if you’re diagnosed with a serious illness.
Replace lost income if you’re unable to work.
Leave your loved ones financially secure if you’re no longer here.

It’s not just a bout peace of mind. It’s about honouring the plans you’ve worked hard to put in place.

When should I speak to a broker?

Sooner than you might think

Speaking to broker early means you can:

Understand your true budget.

Prepare documents in advance.

Avoid surprises later in the process/

Whether you’re juste exploring your options or ready to make an offer, we’re here to give you clear, honest advice – no pressure, just perspective.