Mortgage broker · London Borough of Wandsworth
Mortgage Broker in Balham
Buying a converted flat in Balham or keeping your current home to let? Ria Ali at PMS Mortgages offers mortgage and protection advice for Balham clients from our Croydon office, by phone or by Zoom.
- Advice led by Ria Ali
- No-obligation consultation
- Office, phone or Zoom appointments
Balham leasehold purchases and let-to-buy plans
Your home may be repossessed if you do not keep up repayments on your mortgage.
Converted flats can involve lease terms, shared building costs and maintenance arrangements that need careful legal review. Ask about the remaining lease, service charges, ground rent where applicable and upcoming works before deciding what you can afford. The lender and your solicitor assess different parts of the purchase.
If you want to retain your current flat and buy another home, the mortgages need to be considered together. You will need permission or appropriate lending for letting the existing property, and the new residential application must reflect the remaining commitments. Tax and ownership questions should be discussed with qualified advisers.
What to prepare before your mortgage review
Ask your solicitor to confirm the lease terms and any extension options.
Bring the existing mortgage balance, rental estimate and expected purchase costs.
Explain whether you intend to move, let the property or keep it for personal use.
Speak to Ria Ali, Principal Mortgage & Protection Adviser, about your plans. Read about buy-to-let and let-to-buy and remortgaging. Mortgage options depend on your circumstances, the property and the lender’s assessment.
How we help in Balham
First-time buyers
Assess the budget and key leasehold questions before applying.
Let to buy
Review the rental mortgage and new purchase as connected applications.
Remortgaging
Compare relevant deals, fees and existing-lender options.
Life insurance
Discuss protection around the mortgage, dependants and budget.
Services for Balham clients
Areas near Balham we cover
As well as Balham, we regularly advise clients in:
Clapham South
Tooting Bec
Wandsworth Common
Streatham
Furzedown
Clapham
Meetings are available at our office at Airport House, Purley Way, Croydon, at your home, or over Zoom. Get in touch to arrange a time.
Balham mortgage questions
A shorter lease can affect lender eligibility, value and the options available. Requirements vary, so obtain the exact term and seek your solicitor’s advice on the legal position before committing.
It may be possible, but we need to assess both properties, the expected rent, equity, borrowing and costs. Letting requires the appropriate lender consent or mortgage, and tax advice may be needed.
We may charge a broker fee for mortgage advice depending on your circumstances. A typical fixed fee is £479, payable on offer, and the fee is always confirmed before you proceed. Your first conversation with us is without obligation.
Speak to a mortgage adviser about Balham
Book a no-obligation consultation in person or by Zoom.