1217 Capital Group – Direct Private Lending:
Enabling real estate investors to scale and grow their business with a fluid approach through the asset-backed private money lending industry
A Single Source Financing Partner
Industry Leading Customer Service – Our experienced team of professionals will work with you to provide a smooth, efficient process
Programs designed to to provide investors with straightforward rates, terms, and fees with absolutely no hidden costs
Meeting All Your Investor Needs
No matter the investment, we can help you find financing
Efficient and Effortless Communication
Around the clock availability along with timely updates from initial inquiry to funding
Median yearly interest rate
Amount of capital deployed
Median loan amount
Meet the Team
– Sales Director
Q: What's a mortgage and why should I get it here?
A: A mortgage is basically a simple loan that allows you to buy a home or other property by securing the loan against the property you buy. You can read more about our taking a mortgage with us works by visiting our services page.
You can apply for a mortgage from a bank or other financial institution, such as a credit union, building society or specialist mortgage Borrower. We’re a credit union and a special financial institution. Although you can apply directly, using the advice of our independent mortgage specialists might help you find the deal that will be most beneficial for your money interests!
Q: What types of mortgages are there?
A: There are many different kinds of mortgage to choose from. All of them have varying features and benefits. Some of the more common types include:
- Standard variable rate (SVR) mortgages
- Fixed interest rate mortgages
- Tracker rate mortgages
Q: How much can I borrow for a mortgage?
A: This depends on a number of factors. Still, Borrowers are typically prepared to lend three times your salary or two-and-a-half times a joint salary.
They will also consider things such as any other source of income from a second job that you’ll prove to them, bonuses, tax credits, and maintenance payments and since lending rules were tightened, they also increasingly investigate borrowers’ ability to repay.
This means looking at your credit history and scoring it, just as well as on your monthly outgoings, examining not just how much you spend but what you spend it on, to help assess your ability to manage should interest rates rise.
Some providers will now offer four-and-a-half times your annual income – but the more you borrow in relation to your income, the more likely you are to fail MMR checks and to have your application to be declined.
Q: How much of a deposit do I need for a mortgage?
A: This will depend on your financial standing, the price of the property and your credit history…
Whilst ‘100% mortgages’ – where you can borrow 100% of the property’s value – have now almost entirely disappeared, it’s still possible to get a 95% mortgage, where you pay a deposit of 5% of the property’s value.
But many Borrowers ask for a 10% deposit or more, and many tend to save the best rates for borrowers with a deposit of 25%.
We review and accept business requests on a 24/7 basis.
Contact us now…
Tips for Home Buyers
We understand all the ups and downs of the home buying process. That means that we will supply you with as many tips on mortgages as possible!