Frequently Asked Questions

Frequently Asked Questions

 
Am I safe buying from Lateral Money?
Lateral Money is authorised and regulated by the FSA who are the statutory regulator of all mortgage lending and administration in the United Kingdom. You can look at the status of any company arranging mortgages by consulting the FSA register. Our reference number is 300171. You can confirm our current permissions by visiting the FSA website www.fsa.gov.uk/register or by contacting the FSA on 0845 606 1234.
 
How quickly can I get my mortgage?
It is possible to complete a remortgage is less than 10 days. However it pays to be realistic and 6 weeks is reasonable. The more information that you can supply with your enquiry then the quicker it is likely to be.
 
I have a decent income but find it difficult to prove, can you still help?
We have a number of lenders that will assess you application based on you being able to afford the repayment rather than any set income multiple. Our advisers will be happy to help you decide if a new mortgage would be affordable.
 
What is the difference between interest-only and repayment mortgages?
With an interest-only mortgage you only pay the interest charge each month. With a repayment mortgage the payments you make are calculated to include paying off the loan by the end of the term. Our adviser will describe the options available to you and help you choose the right one for your circumstances.
 
Will the information that I give you affect my credit rating?
Making an enquiry on this web site will not affect your credit rating. When we talk to you we will be able to give you a general idea of the mortgage or loan product that suits your circumstances. To confirm the product we will then need to conduct some kind of credit score or search on you. We will ask for your express consent before we do this. You are in control at every step of the process!
 
Can you still help if I have bad credit?
Yes! We specialise in arranging mortgages for those with bad credit histories. Our job is to place you with the lender that will look most favourably on your personal circumstances. We know everybody is different but with access to over 60 lenders we are sure there will be one that can offer you a great deal on your new mortgage.
 

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE The overall cost for comparison is 7.0% APR. The actual rate payable will depend on your circumstances. Please ask us for a personalised illustration. A fee is chargeable only on completion, typically 2% of the loan amount depending on your circumstances (subject to a minimum of (£1,995 and maximum of (£2.995). For a mortgage of (£100,000 the fee would be (£2,000. Early repayment charges may apply and will vary depending on the mortgage. Adding existing debt to your mortgage will increase both the repayment term and the overall cost.
Authorised and regulated by the Financial Conduct Authority.
Mortgages for people with bad credit Mortgages for those who don't want to prove their income Behind with mortgage payments? Clear your arrears Mortgages for those with CCJ's and defaults Remortgage even with an IVA Mortgages for recently discharged bankrupts