At Barrett Mortgages we can help find you a mortgage with the best rates possible. Doesn’t matter if you are looking to buy your first home or you want to remortgage your home we can help you discover the most cost-effective way for you. We will search the market for the best products for the situation you are in, we can make sure that you have the same advisor the whole way through the process so they can get to know you and what you want. Our advisors will also deal with all the paperwork so the process is pretty much stress-free for you. Doesn’t matter what kind of mortgage you want we will be able to help you!
If you are looking to buy your first home there are a few tips that we have to get you prepared. We also say to all of our clients that getting as big of a deposit as possible is so important to get you off to a great start, this is because when a lender is deciding to accept your application or not they will have to take into account the challenges that the borrowers may face during the life of the mortgage, this could be periods of unemployment, periods of reduced income or even less disposable income because you may be starting a family. The deposit is the lender’s protection and with a bigger deposit, you will have smaller repayments which will benefit you in the long run as you may not have to pay as much interest. You will also want to check if there is any help available to you from the government as these schemes can help you get as low of a mortgage as possible and will mean that the lender is insured for a part of the mortgage. We also recommend setting some money aside for moving costs, this is because you may be liable for stamp duty and you will need to pay solicitor’s and surveyor’s fees. The actual moving costs from A to B depends on a variety of factors. It can be useful to have a budget for unforeseen expenses, this can be for anything in the property that might need improving that you didn’t notice before you moved in.