At Barrett Mortgages we are a mortgage broker in Dorset and we can help you choose the right mortgage product for your personal and financial circumstances. We have a team that will be able to advise you no matter what mortgage you want. You could be looking for first-time buyer mortgages, Self-employed mortgages, buy to let mortgages or re-mortgages. No matter what it is you want our team is more than capable of finding you the best deals on a mortgage that you want. A lot of people are fed up with the high pressured sales tactics of the large corporates, we promise no pushy hard sales tactics.

Barrett Mortgages was founded by Darren Barrett in 2009, this was during some of the hardest market conditions the industry has seen. We offer clear, trustworthy, honest and upfront service to you; This has meant our business has thrived during times where people have needed more individual and specialist help. We have staff that are fully qualified, experienced and have been chosen based on their keenness to provide the best possible experience for our customers. We have built up our reputation over the years and this is important to us as we rely heavily on referrals from clients.

If you are a first-time buyer and you need advice on what the best things are to do not only to get a mortgage but to prepare for one as well, we can help you with this. The best things to do even before applying for a mortgage is to sort out your finances. This means saving monthly towards a deposit on the property you will be purchasing, reducing your outgoings as much as possible to free up as much disposable income as possible; Don’t have any debt or reduce your debt as much as possible as this will look better when you apply for a mortgage; Making sure you receive a regular income is very important as the lender will want to know that you can pay the monthly repayments.

Help to buy schemes can really help you cover a good percentage of the property to lower your mortgage amount and to get you onto the property ladder. This scheme only requires you to have a 5% deposit of the property purchase price and then you can borrow up to 20% from the government, for the first 5 years this loan is interest-free and all you need to do is pay the £1 a month management fee. After this 5 year period is up you will then have to pay interest on the loan amount but you don’t repay the amount you owe. To do this you have to pay the amount in full or 10% of your property value if you are paying it off in part payments.

There are prices caps on properties depending on where you are buying your property here in the South if you live in the west you can get a property with this loan of up to £349,000 and in the east, you can purchase a property up to £437,600. To find out more information about the scheme visit the government’s website.

Get in contact with us if you are looking at purchasing your first home and need expert advice on what is best for you. Take a look at our Dorset offices you can visit down below.

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