Our Services

First-Time Buyers: Simplifying the journey to your first home.

Development Finance: Supporting property development projects of any size.

Buy to Let: Tailored solutions for property investors.

Commercial Mortgages: Financing for business property purchases.

Further Advancement: Additional borrowing on your existing mortgage.

Business Loans: Flexible funding options for your growing enterprise.

Protection Services: Life insurance, income protection, and more to safeguard your plans.

We are committed to delivering the expertise and personalized service you deserve, helping you build a secure financial future.

Frequently Asked Questions

Cambs Ely Mortgages – Building Blocks for a Brighter Future

🏡 General Questions

1. Who are Cambs Ely Mortgages?
We’re a local, independent mortgage and protection firm based in Ely, Cambridgeshire. We work with over 200 lenders to find the most suitable mortgage and protection solutions for your circumstances, whether you're a first-time buyer, a landlord, or looking to release equity.

2. Do you charge a fee for your services?
In most cases, we don’t charge a broker fee. However, for complex cases or commercial lending, a fee may apply, we’ll always be upfront and transparent from the start.

3. Are you regulated?
Yes, we are fully authorised and regulated by the Financial Conduct Authority (FCA), ensuring we act in your best interest.

🧱 Mortgage Services

4. What types of mortgages do you offer?
We can help with:

• First-time buyer mortgages

• Remortgages

• Buy to Let & Portfolio Landlords

• Development & Commercial Finance

• Equity release & later life lending

• Further borrowing & capital raising

5. Can you help if I’m self-employed or have bad credit?
Absolutely. We specialise in complex cases and have access to lenders who understand varied income sources and adverse credit histories.

6. How long does a mortgage application take?
On average, a mortgage offer takes 2 - 4 weeks, depending on your circumstances and the lender. We handle the process from start to finish and keep you informed every step of the way.

🛡️ Protection Services

7. What types of protection do you offer?
We offer a full range of protection:

• Life Insurance

• Critical Illness Cover

• Income Protection

• Family Income Benefit

• Business Protection

8. Do I need life insurance with my mortgage?
It’s not mandatory, but we strongly recommend it. Life cover ensures your loved ones won’t lose the home if the unexpected happens.

First-Time Buyer FAQs

Buying Your First Home? We’ve Got You Covered

🏡 Getting Started

Q: I’ve never bought a home before—where do I start?
A: Start with a chat! We’ll walk you through the process, explain what you can borrow, what it’ll cost, and help you get a Decision in Principle (DIP) so you can confidently view properties.

Q: How much deposit do I need?
A: Most first-time buyers need at least 5–10% of the property price. A larger deposit can unlock better mortgage rates, but we’ll find the right option for your situation.

Q: What is a Decision in Principle (DIP)?
A: A DIP is a document from a lender showing how much they’re willing to lend you, based on your income and credit profile. It shows estate agents you’re serious and ready to offer.

💷 Mortgages & Costs

Q: How much can I borrow?
A: This depends on your income, expenses, credit history, and the size of your deposit. We’ll calculate your affordability and match you with lenders who are a good fit.

Q: What costs are involved in buying a home?
A: Common costs include:

• Deposit

• Mortgage arrangement fees (if applicable)

• Solicitor’s fees

• Valuation/survey

• Stamp Duty (though most first-time buyers pay none or reduced rates)

We’ll break it all down clearly before you commit to anything.

Q: Can I get a mortgage with a low credit score?
A: Possibly, yes. Some lenders are more flexible than others. We work with a wide panel, including specialist lenders for buyers with less-than-perfect credit.

🛡️ Protection & Advice

Q: Do I need life insurance to get a mortgage?
A: It’s not a legal requirement, but it’s strongly recommended. Life cover protects your home—and your loved ones—if something unexpected happens.

Q: Will you help with solicitors and surveys?
A: Yes, we can recommend trusted professionals we work with regularly, or work with yours if you have someone in mind.

Q: How long does the process take?
A: From mortgage application to moving in, the process usually takes 8–12 weeks. We’ll guide you every step of the way.

📲 Support

Q: Do you offer evening or weekend appointments?
A: Yes. We know life’s busy—so we offer flexible appointment times, including evenings and weekends, via phone, email, or video call.

Q: Can I message you if I have a quick question?
A: Absolutely. We pride ourselves on being approachable and responsive. We’re always here to help, even with the “silly” questions (no such thing, by the way!).

Landlord FAQs

Buy-to-Let & Property Investors – Your Questions Answered

🏘️ General Landlord Questions

Q: Can I get a buy-to-let mortgage as a first-time landlord?
A: Yes! Many lenders offer products for new landlords. You’ll typically need a larger deposit (usually 20–25%) and meet certain affordability criteria.

Q: Can I use rental income to help with affordability?
A: Yes. Most lenders base affordability on potential rental income (via a valuation) rather than personal income—though your earnings may still be considered, especially with top-slicing options.

Q: What deposit do I need for a buy-to-let?
A: Most lenders require at least a 25% deposit. A larger deposit may open up better interest rates.

🧱 Portfolio Landlords & Complex Cases

Q: I have multiple properties—can you help with portfolio lending?
A: Absolutely. We work with specialist lenders who support portfolio landlords, including limited company structures and refinancing across multiple properties.

Q: Is it better to buy in my personal name or through a limited company?
A: It depends on your situation. Buying through a limited company can offer tax advantages, but may come with higher interest rates or legal complexity. We work closely with accountants to ensure the right setup for your goals.

Q: Can you help me remortgage to raise capital for another property?
A: Yes. We often help investors release equity from one property to fund the next—this is a common strategy for growing a portfolio.

💼 Letting & Legal

Q: Can I get a mortgage for an HMO (House in Multiple Occupation)?
A: Yes—but it’s considered a specialist mortgage. We work with lenders who support licensed and unlicensed HMOs.

Q: What about student lets, holiday lets or Airbnb properties?
A: We can help with all of these, including holiday let mortgages, serviced accommodation, and short-term lets. Lender criteria vary, so advice is essential.

Q: Do I need landlord insurance?
A: Most lenders require you to have buildings insurance in place. We also recommend landlord-specific cover including rent protection and liability insurance.

💡 Practical Support

Q: Can I switch my residential mortgage to a buy-to-let?
A: In many cases, yes. This is called “Let to Buy.” It allows you to rent out your current home and buy a new one to live in—perfect for accidental landlords or upsizing plans.

Q: Do you offer advice on rental yields and investment strategy?
A: Yes. We’re not just here to arrange the mortgage—we look at your long-term goals, cash flow, and how to make your investment work smarter.

📑 Appointments & Process

Do I need to come to your office?
No. We offer flexible appointments via phone, email, or video call at a time that suits you, including evenings and weekends.

What do I need for our first appointment?
We’ll let you know in advance, but usually:

• Proof of income

• ID and address documents

• Details of debts or credit commitments

• An idea of your budget and deposit

🧠 Still Got Questions?

How do I get started?
Just contact us! We offer a free initial consultation. You can call, email, or message us on social media, we’re here to help.

📧 info@cambselymortgages.co.uk
📞 01223 625390
📍 Based in Fordham, serving clients across the UK.