PUBLISHED: 21 February 2022
DISCLAIMER: The information in this blog post may be outdated and may not reflect current financial practices or market conditions

No matter what you need advice on, our team will be able to help you with your mortgage needs. We are a professional finance broker with an office in Poole, Dorset. Providing mortgages for everyone including first-time buyers, self-employed people, buy to letters and so many more. We were founded by Darren Barrett back in 2009, this was during some of the hardest market conditions the industry has seen. The unparalleled, clear, trustworthy, honest and upfront service offered by Barrett Mortgage has meant our business has thrived during these times when clients have needed more individual and specialist help.

So how can Barrett Mortgages help you? No matter what kind of mortgage you need we will look at your finance and find the best possible deal for you based on your earnings, spending and debt you may or may not have. Then we can give you the appropriate advice we believe is in your best interest to take and then we can help with paperwork with everything going forward. If this is your first time taking out a mortgage you will want to make sure you are prepared to take out a mortgage don’t worry, we have some great advice for you to follow.
We know that getting onto the property ladder is a common but daunting goal in our lives and with a lot of conflicting advice out there it can be hard to know what is right for you. Some tips and advice we recommend you have in order by the time you want to apply for a mortgage.

Mortgage Advice

Saving monthly is a bit of an obvious one but everyone needs to put down a deposit on a property and the amount you will need to put down will depend on a variety of factors so having what you believe is enough for a deposit saved up and also having some money spare for things like moving costs. This could be things like surveyor and solicitor fees; It could be stamp duty or actual moving costs going from A to B. It’s all best to be prepared for everything that could happen and this includes the house also needing a bit of work when you first move in; Maybe you didn’t notice a problem with the home until you moved in and you need some funds to deal with the problem, this is where so money on the side can help and if you don’t end up using it then you can spend it on something else or save it for a rainy day.

Then it would be good to reduce your outgoings as much as possible and this will most likely help in your application for the mortgage. The reason for this is that the lender won’t want to see you spending all of your money on things that aren’t necessary, this could be fast food takeaways, gambling and spending that can’t be justified. If you get rid of these not only, will you free up some more money you can put towards your mortgage but the lender will also like it. Another thing to reduce or completely get rid of is the debt you have; this is because the lender will want you to be focusing on paying the mortgage and not be distracted by any other debts you might have. Having a clean credit rating will also help as that will prove that you can be trusted with money that isn’t yours and that you have paid burrowed money back before.

If you are interested in the advice we have given and you would like to find out more, please make sure you get in contact with our team and we can guide you through the whole process. Want to know what our customers think about our service? Take a look at our Google Reviews Page.