Finding a Mortgage Broker that is understanding you and your financial situation is hard but we are here to help you with all of your mortgage needs. We will understand what you need and how you need to get there, we can help you to prepare for your mortgage and get the best deal we can possibly find. We are a professional finance broker with offices in Poole, Dorset. Providing mortgages for everyone including first-time buyer, self-employed and many more. People are getting fed up with the high-pressure sales tactics of large corporates. Barrett Mortgages was set up by Darren Barrett in 2009, during some of the markets hardest conditions the industry has seen. Our personal, trustworthy, upfront and honest service have meant our business has thrived during the times where people have needed more individual and specialist help.
All of our staff are fully qualified, experienced and chosen based on their keenness to provide the best possible experience for our customers. We promise no pushy hard sales tactics and have built a strong reputation which is important as we rely heavily on referrals from clients.
If you are a first-time buyer we have a few great tips and advice we can give to you that will help to get yourself ready for the process of buying a home without any nasty surprises. We know that getting onto the property ladder is a goal for most people in their lives, however, it is a very daunting task to do with all of the conflicting advice out there. Our advisors will be able to assist you through the whole process from the initial contact, finding out how much you can borrow, getting a breakdown of the costs involved and obtaining an agreement in principle, making you a qualified purchaser and a desirable buyer for many estate agents and sellers alike.
Our first tip is to start saving as much as you can each month this is because you want to accumulate as big of a deposit as possible to get 5-10% of the property value or even more if you can, having a bigger deposit will make you more likely of getting accepted for a mortgage as it is used as the lender’s protection. The bigger deposit you can put down, the less exposed the lender is to changes. When you are saving it is also a good idea to set some money aside for moving costs, this can be any from paying stamp duty to paying solicitors and surveyors fees and then the actual cost of moving from A to B.
Some of this information applies to other types of mortgages like a Buy to Let Mortgage, you will need to save a fair bit of money to put down onto the property so that your monthly payments can be as low as possible to maximise your income. Our advisors can ensure that you get the right product to grow your investment portfolio. Our advisors will understand your needs and if you just want a 1-time investment or to build a portfolio of properties.
There is plenty of room in the buy to let market as a lot of people left in 2008 and a few limped on since, after the realisation that being a landlord is often quite demanding. You will be able to build up a business and work at the same time. A buy to let mortgage is different to your normal residential mortgage and will require you to change the mortgage on the property when using it for rental. The buy to let mortgage typically has higher interest rates than a residential mortgage. This shows that banks are interested in lending to people but only if they are serious and will put down a good percentage of the value of the property.
Get in contact with us if you are interested in our advice and tips we can give you to get yourself a mortgage that suits you best.