Are you looking for a mortgage to buy a home with? If so then you have come to the right place, our advisors will be able to help you find out what you can borrow and what type of mortgage you can get. If you are buying your first home we have some great tips for you to follow that can put you in a very good position. When buying your first home it is important to get as big of a deposit as possible as this is seen as a lender’s protection. When deciding whether or not to accept a mortgage application the lender will have to think about the challenges you may face during the life of your mortgage, this could be periods of unemployed or as simple as having less disposable income because you may be starting a family. The bigger the deposit that the borrower can put down the less exposed the lender is to changes. That isn’t the only benefit of having a bigger deposit, as with a bigger deposit you will have smaller monthly repayments. It is always good to see if the government have any help to buy schemes for people who are buying new-build homes as you can put down 5% of the value of the property and the government will lend up to 20% of the purchase price of the property this means that the buyer only needs to get a 75% mortgage for the remaining purchase price.
If you are interested in our services please get in contact with us and our advisors will be able to help you.