Are you looking for a mortgage agent in Dorset? We are a professional finance broker with offices located in Poole, Dorset. We help to provide mortgages for everyone including first-time buyers, self-employed people, buy to letters and many more. We source the mortgages from a preferred selection of reputable industry leaders. We were founded by 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 Barrett Mortgages has meant our business has thrived during times when clients have needed more individual and specialist help.
All of the staff we hire have qualifications, experience and are 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 don’t currently have a mortgage but you want to get one for your first home, then we can give you some great advice that will help you to save up as much as you can for the deposit and get your finances in order to have as much disposable income for the mortgage.
The first and most important thing to do when you are looking to buy a home is to accumulate as much of a deposit as possible. The saying is bigger is better for your deposit and this is because the borrower’s deposit is a lender’s protection. When deciding whether or not to accept a mortgage application, lenders have to think about the challenges potential borrowers may encounter during the life of the mortgage. This could be periods of unemployment, reduced income or disposable income. Before you even go to apply for a mortgage you will need to be prepared to show the lender that you are fully focused on paying off the mortgage and that being the top priority and nothing else.
To do this you should reduce your outgoings as much as possible. Including your phone bill and other subscriptions. When the lender sees that your monthly outgoings are low they are more likely to accept your application and the same goes for the debt you might have, if you don’t have any debt or you have little debt the lender will prefer this over an amount that might take your attention away from the mortgage payments. When you do put down a deposit on a property it is important that you set some money aside for survey, solicitor and furnishing costs. You don’t want to get into your property and not be able to afford to buy any furniture.
Get in contact with our team if you are looking at purchasing your first property and you want expert advice from people who know the industry inside and out.
Get In Contact With Mortgage Agent In Dorset
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