- Preston: 01772 620000
- Southport: 01704 829888
- Garstang: 01995 676211
We offer expert, personalised mortgage advice backed by whole-of-market access, helping you secure the right deal – whether you’re buying your first home or expanding your portfolio. Our service is designed to save you time, reduce stress, and get you moving sooner.
We take care of the entire mortgage process from start to finish, offering guidance, support, and access to exclusive deals you won’t find on the high street.
Ready to get started?
Get in touch with our friendly team today and take the first step towards your ideal mortgage.
average boost to affordability
mortgages from over 100 lenders
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Lots of things have changed since Key Mortgage Advice was first established in 2001; rates have been up and down, new tax legislation for landlords was introduced, and mortgage loan criteria has changed drastically. Not to mention the fluctuating property prices in Lancashire and the North West, including Preston, Garstang and Southport, where our offices are based.
One thing that has stayed constant, however, is our strong reputation for providing trusted advice and excellent customer service. It’s something we’ve nurtured over the years by helping thousands of people with their mortgage loans – locally here in Preston and further afield, across the whole of the UK.
To us, finding the perfect mortgage for our customers means more than simply choosing the cheapest rate; our aim is to provide advice that is professional, clear and honest. We have access to the entire mortgage market, as well as exclusive products which are only available through certain mortgage advisors. This means we can find the most suitable and competitive mortgage loan, whatever your circumstances.
With years of industry experience, our expert advisers guide you through every step of the mortgage process, ensuring everything runs smoothly from initial enquiry to completion.
Videos
Tip 1: Get your documents ready
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Tip 2: Can I use online bank statements?
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Tip 3: What can I provide as proof of ID?
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Videos
Tip 4: How do I need to evidence my deposit?
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Videos
Tip 1: Get your documents ready
Watch this video to learn more.
Watch More
Videos
Tip 2: Can I use online bank statements?
Watch this video to learn more.
Watch More
Videos
Tip 3: What can I provide as proof of ID?
Watch this video to learn more.
Watch More
Videos
Tip 4: How do I need to evidence my deposit?
Watch this video to learn more.
Watch MoreFrequently Asked Questions
You can usually borrow around 4 to 5 times your salary.
Some lenders offer up to 6 times your salary, but they will be very strict about who they lend this amount to. Lenders also have different rules and the income multiple they allow can depend on many things.
They include:
salary and source of income
using a government homeownership scheme
extra benefits (for example, Barclays offer Premier customers slightly higher income multiples)
deposit size
financial commitments and bills
age
length of mortgage
leasehold costs
Mortgage calculators are an excellent way of finding out how much you might be able to borrow. However, calculators can only make an estimate: they do not take everything into account. As such, it’s crucial you understand what factors the online mortgage calculator you are using considers.
Each mortgage calculator is different, but basic online mortgage calculators will usually look at:
how many people are paying the mortgage
salaries
secondary income
mortgage type
mortgage length
interest rate
Most mortgage calculators do not look at:
monthly expenses
credit score
costs of getting a mortgage
interest rate changes
life changes such as losing your job
Unlike calculators, most lenders look at every issue that could affect your repayments. You might also need to pass a lender’s ‘stress test’ before they’ll give you a mortgage. This is to make sure you’ll be able to pay your mortgage if something happens that affects your repayments.
This could include:
losing your job
having a baby
being ill
a change in interest rates
To pass the stress test, lenders will look at your salary and other types of income such as pensions and investments. Lenders also look at your credit history to see what type of borrower you are. This is called a credit check. It could be a hard or soft credit check, depending on their rules.
When a lender offers you a mortgage, they’ve decided how much they’ll lend you based on:
your salary
secondary sources of income, such as investments
how much you can afford to pay
To decide how much you can afford to pay, a lender must consider a range of risk-based factors, such as a rise in interest rates or potential loss of employment.
Even if a lender thinks you can afford the full amount they’re offering, you should decide how much is right for you.
Some people do borrow as much as they can in order to get their dream property. Others, on the other hand, may prefer to borrow less and take on less risk. This is ultimately down to personal preferences and attitudes to risk.
Think about what’s best for you. Remember, you might lose your home if you do not keep paying your mortgage.
According to our data, most people who get a mortgage to buy a property borrow between 2 and 4 times their income.
Generally, the average loan-to-income (LTI) ratio is higher in the south of the country where houses are more expensive.
Even if you’ve got a poor credit score now the amount you can borrow still depends on your personal situation.
A lender looks at your credit history to see how well you’ve managed debt before. This is known as a credit check.
If you have bad credit history some lenders may:
turn you down for a mortgage
ask for a bigger deposit
offer you a higher interest rate
Whether your credit history will affect your mortgage application depends on:
what the credit problem is
the amount
when it happened
Missing a mortgage payment or going bankrupt are two scenarios that can stay on your credit report for six years. Missing payment on a loan is clearly more serious than missing a utility bill payment, for example, and as such can harm your credit score more severely.
It’s possible to explain to a lender how you got into debt, however.
For example, if your finances are normally well-managed, but your debt is a result of a life event such as divorce, a lender might not view your debt as seriously.
You should always speak to a mortgage broker to find out how your situation could affect how much mortgage you can borrow.
It is possible to get a mortgage with no deposit.
However, most lenders require a deposit of at least 5% of the purchase price.
100% mortgages are usually linked to a relative’s or friend’s savings account.
Lenders who offer 100% mortgages include:
Barclays
Lloyds
Tipton & Coseley Building Society
Skipton Building Society
With Lloyd’s Lend a Hand Mortgage, instead of putting down a deposit, a family member puts 10% of the purchase price into a 3-year fixed-term savings account.
At the end of the 3 years, your family member will get their savings back with interest if you made all your payments.
The home is still yours. Your family member has no legal rights to it.
Key Mortgage Advice Ltd
Key Mortgage Advice Ltd is authorised and regulated by The Financial Conduct Authority. Registered in England.
Company Number 04837523
Trading Address: 276 Station Road, Bamber Bridge, Preston, PR5 6EB
Registered Address: 276 Station Road, Bamber Bridge, Preston, PR5 6EB
The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
We are entered on the Financial Services Register No 312930 at
https://register.fca.org.uk/
Financial Ombudsman Services
If you have a complaint or dispute with us, you are entitled to make a complaint. We have a complaints procedure that is available on request. If you wish to register a complaint, please contact us either in writing, by telephone or email.
Please be assured we treat complaints seriously. For your protection if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service (‘FOS’). Please see the following link for further details:
https://financial-ombudsman.org.uk/
https://avistaifp.co.uk/financial-ombudsman-services/
Book a free consultation with our lovely team: with over 20 years experience, we’ll give you peace of mind and find you the best deal on the market!
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