Mortgage Options

For all kinds of adventures

Take a look at the range of mortgages we can offer to help with your plans.

Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Whatever your needs, we have a mortgage for you
  • Explore some innovative ways to afford your mortgage
  • Work out what you could borrow and what your payments may be

Explore our mortgages

Coleace Bank

Fixed-rate mortgages

A rate that won’t change for a set time

Choosing a fixed rate mortgage means you won’t be affected if interest rates go up or down for a set number of years.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Coleace Bank

Tracker mortgage

A flexible mortgage that follows the market

A tracker mortgage doesn’t tie you down to a fixed rate, so your payments could go up or down.

Coleace Bank

Offset mortgages

Put your savings to work with an offset mortgage

Reduce your monthly payments or pay off your mortgage sooner by offsetting other accounts with us against your mortgage balance – find out how.

Coleace Bank

Great Escape mortgages

Save money when you remortgage with us

You could save thousands of pounds when you switch to us from your current lender because we won't charge you application, valuation or standard legal fees.

Coleace Bank

Coleace Green Home Mortgages

Buy an energy efficient home and get a lower rate

We’ll reward you with a lower mortgage rate on certain deals when you buy an energy efficient home – it’s just one of the ways we support greener choices.

Coleace Bank

Interest-only mortgages

How do they work?

Pay the mortgage interest each month without reducing the balance. You’ll need to have a realistic plan to repay the balance by the time the mortgage ends.

Helping you afford a mortgage

Coleace Bank

Family Springboard Mortgage

Buy your home without a borrower deposit

Buy a home without a borrower deposit if your family or loved ones can provide 10% of the property’s price as security.

Coleace Bank

Joint mortgages

Buying property with other people

Buying with your partner, family or friends can make sense, so long as you weigh up the benefits and risks of taking out a joint mortgage with others.

Coleace Bank

Help to buy mortgages

Get a helping hand when buying a home

Struggling to save a deposit? Help to Buy could suit you – while our Help to Buy ISA offers a bonus if you’re saving for a deposit on your first home.

Coleace Bank

Shared ownership mortgages

Buy a share of a home and pay rent on the rest

Buying a home through shared ownership means you can apply for a smaller mortgage amount – so your deposit could be lower, too.

How to apply

Use our calculators to see how much you could afford to borrow, get an Agreement in principle to see if we could lend what you need.
Contact@Coleacefinanceonline.com

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How to get a mortgage
Tips to help you find the right deal for you

Confused about mortgages? We’ll show you how to get a mortgage from start to finish, including what you need to tell us and the steps you’ll need to take.


BUY TO LET

1 Explore your mortgage options
If you want to invest in property and become a landlord, you need a buy-to-let mortgage rather than a residential mortgage. Our buy-to-let centre has all the help you need to get started.
Go to our buy-to-let centre.
2. Prepare your application
You’ll need to provide some documents to confirm your identity, address, income and financial commitments as part of your mortgage application. You may also need to provide details of existing buy-to-let properties, including any tenancy agreements and outstanding loan balances.
You can send us copies of these documents using our online DocuSign service.
We'll let you know which documents you need and how to use DocuSign once you start your application.
3. Talk to a mortgage adviser
You can talk to us about applying for a buy-to-let mortgage, but we can’t provide mortgage advice – only information.
When you talk to us about your application, we'll ask about your financial plans, including whether you’re expecting any changes to your financial situation.
4. Completing your application
Once you’ve finished all the paperwork, we’ll complete your mortgage application by
Completing any final checks and assessments
Valuing your property
Preparing your mortgage offer
You can follow every step of your application online with Coleace Track It.
Create a landlord insurance policy that’s perfect for you by choosing only the cover you need. Get a free quote.

OVERVIEW

Our Mortgage Consultants will provide expertise to guide you through the home financing process from start to finish. You can expect the following:

Our best rates3 on Premier Deluxe Mortgages1 and preferred rates3 on Advance Deluxe Mortgages2
Up to $3 million in financing for fixed and adjustable rate mortgages (ARM)4
Favorable rates on cash-out refinances occurring within six months of an all cash purchase5
Loans up to 75% of your appraised property value or purchase price, whichever is lower
Closing cost credits up to $1,500 on Premier Deluxe Mortgages

Whether you are purchasing a home in the U.S. to reside in or as an investment, why not select the bank that experienced in providing home financing solutions for international borrowers?

HOW TO APPLY

Step 1:
Pre-Approval and Application
When financing property in the U.S., a mortgage1,2 pre-approval can simplify the process. We will check your financial background to determine how much money you are qualified to borrow and the estimated interest rate you will pay.
Advantages of a pre-approval include:
A written 90-day commitment
Additional leverage when negotiating with a seller
The ability to focus on homes in your price range
The security of knowing you will receive a competitive rate

To start your pre-approval or mortgage application today, you can call 866.731.4722 from within the US or 716.841.6820 collect from overseas.

Step 2:
Credit verification
You do not need U.S. credit history to be eligible to apply for a mortgage loan. We will order your international credit report for your application. Additional information may be needed to complete credit verification.

Step 3:
Documents you may need
There are a number of documents that you must supply when applying for a mortgage in the United States, but keep in mind that the exact documents needed may vary in different parts of the U.S.
In general, you will need documents that verify the following:
Your identity
Income
Employment
Assets

You may want to consider having a real estate attorney review all contracts, and consult with a tax specialist regarding your potential tax liabilities.

U.S. Mortgage Document checklist
Your Coleace Mortgage Consultant will help you with all necessary documentation. Our U.S. Mortgage Document checklist can help you get started.
Download checklist Download checklist Download link

Step 4:
Closing on your U.S. home
A real estate closing is the final step in your home purchase. At the closing you will be signing legal documents and settling all of the costs needed to transfer ownership of the property. The following professionals are typically included in closing meetings:
Sellers
Buyers
Seller's attorneys
Buyer's attorneys
The bank
The insurance official

Once you have closed on the property, you should have mortgage documentation, and most importantly, keys to your new home.
Closing costs
Closing costs can include: recording taxes, attorney's fees, the sales commission, title insurance, bank fees, and other fees. Use this tool to estimate your closing costs.
Your Zarm relationship will give you access to a wide range of banking and wealth management services designed to make your move or visit to the U.S. as easy as possible.