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Frequently asked questions.
Have a burning question about mortgages or insurance? Find the answers below, or drop us a quick email for friendly, no-obligation advice.
What is a buy-to-let mortgage?
A buy-to-let mortgage is for people buying a property to rent out rather than live in. Lenders base the loan amount on the property’s expected rental income instead of your personal salary.
How do buy-to-let mortgages work?

You’ll usually pay a higher deposit (around 25%+), and the mortgage is often interest-only. One option might be to make monthly interest-only payments, then repay the balance when you sell the property. However, our advice will be based on what is suitable for your individual circumstances.

What is a first-time buyer mortgage?

It’s a mortgage designed for people buying their first home. Lower deposit options may be available to help you onto the property ladder. However, our advice will be based on what is right for your individual circumstances.

How does remortgaging work?
Remortgaging means switching your existing mortgage to a new deal (either with your current lender or a new one) to save money, borrow more, or change terms.
What does remortgage mean?
It simply means replacing your current mortgage with another one. Think of it as refinancing your home loan.
Can you remortgage early?
Yes, but you might face early-repayment charges if you’re still in a fixed-rate period. We can check whether switching now would save you more than it costs.
How long does it take to remortgage?
Typically four to eight weeks, depending on how quickly documents and valuations are processed.
Do you need life insurance for a mortgage?
It’s not a legal requirement, but most people take out life insurance for mortgage protection to make sure the debt is cleared if something happens to them.
Can I consolidate my debt before applying for a mortgage?
Yes, but it can affect affordability and credit checks. Always get advice first so you know whether it’ll help or hinder your application.
Can I get a mortgage while on income protection?

Possibly. Lenders will look at your current income and employment situation. With the right paperwork and mortgage advice, and depending on your individual circumstances, it may be achievable.

How does a mortgage work for first-time buyers?
You borrow money from a lender to buy a home and repay it monthly (plus interest) over a set term, usually 25 to 35 years.
How can I get a buy-to-let mortgage?
You’ll need a deposit (usually 25%), proof of income, and a property that meets the lender’s rental-income criteria. We’ll handle the rest, from the application to approval.
Is there a fee for taking out a mortgage?

Your first consultation with VAULT FINNANCIAL SERVICES is fee-free. If we need to charge a broker fee for arranging your mortgage, we’ll always confirm it upfront, with no hidden surprises.

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR PROPERTY. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Most Buy to Let and Let to Buy mortgages are not regulated by the Financial Conduct Authority.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR PROPERTY. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Most Buy to Let and Let to Buy mortgages are not regulated by the Financial Conduct Authority.
Straight from the homebuyer’s mouths…

We’re a mortgage broker Birmingham clients come back to again and again, because we take the time to explain everything in plain English – and treat getting the most suitable deal like an extreme sport.

Don’t believe us? Read it right from the source.

Expert mortgage brokers in Solihull & Birmingham. .
We’re based in Solihull with clients all over the UK.
Our small team of experts are here to guide you every step of the way. No jargon. No hidden agenda. Just mortgage advice you can actually understand.
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