First Property Mortgage
Are you looking at buying your first property? We can help you to find the best mortgage product for you. We know that it is a key goal in everyone’s life to get onto the property ladder. The finance of owning a property can be quite overwhelming so you will need to make sure you are prepared. This means that you will need to be saving monthly to accumulate a deposit big enough to put down on the property that you want. It will also be good for your application if you are able to reduce your outgoings so the lender you apply to for your mortgage sees that you aren’t spending money on things that aren’t needed; They basically want to see that you have control over your money and don’t just waste it every time your income enters your account.
Reducing or having no debt will also help in your application for a mortgage as a lender won’t want to see that you have other things that you need to pay off as well as having a mortgage to pay as well. The lender will want to know that you are fully focused on paying the mortgage so not having debt will help towards application. When you are saving for the deposit on the property, we believe that bigger is better as you are then purchasing more of the property yourself and will need less of a mortgage which is seen as more affordable. Not only will it make your monthly payments smaller but it will make you more likely to get the mortgage that you want.
More About Your First Property Mortgage
When you are moving home, it is a good idea to put some money aside for moving costs. Buyers may be liable for stamp duty and will need to pay solicitors and surveyors fees. The actual cost of moving from A to B will depend on a variety of factors but it is always useful to have a budget for unforeseen expenses. This budget will be used for things in the home that need fixing or replacing and you only noticed it once you had moved in. We are a professional finance broker with offices in Poole, Dorset. Providing mortgages for everyone. Fed up with the high-pressure sales tactics of the large corporates? We promise to not use hard pushy sales tactics.
Barrett Mortgages was set up by founder Darren Barrett in 2009, during some of the hardest market conditions the industry has seen. The unparalleled, clear, trustworthy, honest and upfront service offered by us; Because of this our business has thrived during these times when clients have needed more individual and specialist help. We ensure that all of our staff are fully qualified, experienced and chosen based on their keenness to provide the best possible experience for our customers.
Want to know more? You can get in contact with our team to find out more about the service we provide.