T: 0208 058 0414 - FCA Number: 1023832
Frequently Asked Questions
Please reach us at contact@smile-finance.co.uk if you cannot find an answer to your question.
Skip the time-consuming online mortgage calculators. At Smile Finance Limited, our experts understand that the amount you can borrow depends on your unique circumstances. Lenders will consider whether you are buying jointly, your earnings, and your monthly credit commitments. These factors can cause significant variations in the amount you can borrow. By speaking with our specialist advisers before you start house hunting, you’ll gain the confidence that you can afford your dream home!
There are two parts to this question:
- Upfront costs: These include your deposit, solicitor fees, survey fees, and mortgage arrangement fees. Depending on current legislation and your personal circumstances, there may also be a Stamp Duty cost.
- Monthly commitments: Your regular mortgage payments and any other related expenses.
All these costs are based on your individual circumstances. To get accurate figures, give our advisers a call – they’ll provide you with precise information tailored to your situation.to this item.
If you’ve saved up and are ready to buy your first home, your first step should be to speak with our mortgage experts. We will guide you through the entire process, from figuring out what you can afford and providing the estate agents with proof of your affordability (known as an Agreement in Principle) to sourcing the right solicitor. We’ll be with you every step of the way.
Lenders will assess you based on three main areas: your credit history, your ability to repay the loan, and the security of the property you wish to buy. Each lender has individual criteria that determine whether they will accept your application. By providing full information to our advisers, they can review your situation and recommend the most suitable lender for you.
There isn’t a one-size-fits-all answer to this question. Factors such as buying a leasehold property, being part of a large buying chain, or your vendor not having found a new property can all cause delays. However, by working with Smile Finance Limited, we will coordinate with solicitors and estate agents to help you move into your new home as soon as possible.
“The bank of Mum and Dad” has become a common option as property prices continue to rise. First-time buyers often need help from their parents or a third party to fund a deposit, or even to take joint mortgages. Lenders now recognize these requirements and offer flexible options. We can help you find the right solution to suit your individual circumstances.
Whether you are self-employed, a contractor, working for an agency, or starting a new job, there are lenders willing to consider your unique circumstances. However, the mortgage market is constantly evolving, and so are each lender’s criteria.
Talk to our experts at Smile Finance Limited. We stay up to date with the market and can find the perfect mortgage tailored to your needs. Let us help you navigate the complexities and secure the best deal for your situation.
Lenders use your credit history to check for adverse credit events like payment defaults, CCJs, or bankruptcy, as well as to understand your current financial commitments. Each lender will assess this information differently. It’s important to note that when lenders access your credit report, it leaves a visible ‘footprint’. Too many enquiries can negatively impact your credit score. Our advisers, with over 18 years of experience, are adept at navigating lenders’ eligibility criteria and can guide you to the right lender with minimal impact on your credit rating.
A good place to start is by downloading your credit file for free at Checkmyfile. They offer a free, no-obligation 30-day trial. After the trial, you will be charged £14.99 per month if you choose to continue. We receive a small referral fee from Checkmyfile.
Smile Finance Limited is registered in England and Wales with Registration Number 16102809 | Registered Office: 128 City Road, London, Islington, EC1V 2NX | ICO No. ZB821665 | Smile Finance Limited is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority (FCA Number 1023832) | The Right Mortgage Limited. Registered address: St Johns Court, 70 St Johns Close, Knowle, Solihull, B93 0NH | Registered in England and Wales. Company no. 08130498
Some forms of buy-to-let mortgage are not regulated by the Financial Conduct Authority. 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. Telephone calls made to us may be recorded and used for training and/or regulatory monitoring purposes.
Copyright ©2025, Smile Finance Limited. All Rights Reserved.
Copyright ©2025, Smile Finance Ltd
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