Mortgage Advice In Dorset

PUBLISHED: 12 October 2021
DISCLAIMER: The information in this blog post may be outdated and may not reflect current financial practices or market conditions

Looking for mortgage advice in Dorset? At Barrett Mortgages we can help you with a lot of different mortgages and give you advice that could save you thousands of pounds in the long run. We are a professional finance broker and our office is in Poole, Dorset. Providing mortgages for everyone from a preferred selection of reputable industry leaders. Fed up with some of the pressured sales tactics from large corporates? Our service is clear, trustworthy, honest and upfront. This has meant that our business has thrived during times when clients have needed more individual and specialist help. We were founded by Darren Barrett in 2009, during some of the hardest market conditions the industry has seen.

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. Our team will do their best to make your experience with us as good as possible and make our service worth your while.

If you are looking for a first-time buyer’s mortgage, we can give you some great advice that won’t only get you a good mortgage but will prepare you beforehand to get a great mortgage. When you are thinking about moving out and getting a home of your own you need to start saving monthly a long time before you even purchase a mortgage. This is because you will need to accumulate a deposit to put down on the property of your choice. We say that bigger is better and this is true because the bigger deposit you have the less of a mortgage you have to take out from a lender, this could save you a lot of money over the years in interest. With a smaller mortgage, your monthly repayments will be less and make it easier for you to make payments each month.

Mortgage Advice In Dorset

More About Mortgage Advice In Dorset

When you are saving to buy a home it is a good idea to set some money aside for costs like stamp duty and solicitor’s fees. The actual cost of moving from A to B and furnishing your new property will depend on a variety of factors. We also recommend having a budget for unforeseen expenses, this could be something wrong with the home you are purchasing that you didn’t find until you moved in. To stand a better chance of having your mortgage application accepted you will want to significantly reduce your outgoings to only things that you need so that the lender doesn’t think you are just wasting money on things you don’t necessarily need. It is also a good idea to try and reduce your debt or be debt-free to ensure that you are focused on paying the mortgage and not another debt.

You can also check to see if the government is offering any schemes to help people get onto the property ladder. With the help-to-buy scheme, you only need a 5% deposit and the government will then be able to lend up to 20% of the purchase price of the property this means you will only need to get a mortgage for 75% of the purchase price. This makes getting onto the property ladder much easier and can save you a lot of money in the first 5 years of your mortgage.

Get in contact with our team if you are interested in our help and we will be able to get you a mortgage that is perfect for you.
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