Credas Financial can help you with:

• Financing a property in London or any other city in the UK in local currency without travelling there.
• You will be smoothly guided through the entire process, from sourcing to financing, by our mortgage specialists and relationship managers.
• We can help you acquire loans for up to GBP 5 million and up to 75% of the market value. Customers can also benefit from up to 25 years of tenure, variable or fixed interest rates, and flexible repayment options.
• Clients can secure finance to buy an investment property by releasing equity from an existing UK property or transferring a current mortgage loan to us.

Range of UK Mortgages:

We provide a range of international mortgages with ongoing support from our mortgage specialists.

Owner-Occupied Mortgage

Clients buy these properties for personal use, such as a family house. We can help with a range of fixed and tracker mortgages or both.

Eligibility

• The client must be 18 years old.
• They must be an international banking customer.

Investment property

Clients purchase buy-to-let properties to rent out, whether you live in the UK or overseas.

Eligibility

• The client must be 21 years old.
• A 25% deposit is required.
• Must be an international banking customer

Types of mortgages:

Fixed-rate; stay on track with your regular payments

Fixed-rate mortgages are instalments of payments that are made every month. This can be a great way to plan or keep a budget, as you must pay the same monthly amount. Also, your payments will not be affected if the Bank of England base rate increases in your fixed-rate period. However, it would help to have a stable financing stream because your financial circumstances will be assessed before you get a loan.

Tracker rate: variable payments for more flexibility

Tracker rate mortgages are directly linked to the Bank of England base rate; hence, if you choose this type of mortgage, your monthly payments may increase or decrease depending on the bank’s base rate situation.

Part and part mortgages: the best of both worlds

This type of mortgage is a mix of both fixed and tracker rate mortgages. It allows clients to split their home loans and merge fixed-rate security and tracker-rate mortgages’ flexibility. On the tracker-based half of your mortgage, your repayments may increase or decrease based on the Bank of England base rate, while on the fixed-rate half, an additional fee may apply to early repayments.

Repayment Options: 

Capital repayments

This repayment option is based on monthly instalments to repay your mortgage loan. Whatever amount you pay each month is put towards paying off some of the initial amount borrowed and interest on your debt. Initially, your repayments are made up of more interest and less capital. But over time, this is reversed as your debt decreases and your interest falls. This shift will continue as your monthly repayments pay off the capital.

As long as all your repayments are made on time, you can repay the entire borrowed amount plus interest at the end of your mortgage, usually up to 25 years.

Interest-only

As its name indicates, interest-only repayments allow you to pay only the interest back each month, meaning you would still have to repay the capital you borrowed at the end of your mortgage period.

The plus point of such a repayment option is that the monthly repayments are much lower than capital repayments. However, a downside is that you must work out how to repay the original capital you borrowed at the end of the mortgage period. This is usually done by setting up an investment or savings plan.

This repayment option has become uncommon, and few lenders offer it now. This is because people struggle to repay their loans. The eligibility criteria for this option are now stringent, and if you choose this option, you may need at least a 40% deposit or a very high income.

Range of UK Mortgages:

We provide a range of mortgages with ongoing support from our mortgage specialists.

Owner-occupied

Clients buy these properties for personal use, such as a family house. We can help with a range of fixed and tracker mortgages or both.

Eligibility

• The client must be 18 years old.
• They must be an international banking customer.

Investment Property

Clients purchase these properties to rent out, whether you live in the UK or overseas.

Eligibility

• The client must be 21 years old.
• A 25% deposit is required.
• Must be an international banking customer.