Barrett Mortgages is a professional finance broker with offices in Poole, Dorset. Providing mortgages for everyone that needs it. Are you fed up with the high pressured sales tactics that large corporates put you under, Barrett Mortgages was set up by founder Darren Barrett in 2009, during some of the hardest market conditions the industry has seen. We have an unparalleled, clear, trustworthy, honest and upfront service offered by Barrett Mortgages and this has meant our business has thrived during these times when clients have needed more individual and specialist help. All staff are fully qualified, experienced and chosen based on their keenness to provide the best possible experience for our customers. We promise no pushy or hard sales tactics and have built a strong reputation which is important as we rely on heavily on referrals from clients.
If you are looking to purchase a property for the first time we can help you get ready and prepared for when you find the home that you want to call yours. We can give you some very valuable advice that will help you to put aside all of the other conflicting advice. We can assist you from the initial contact all the way through to being a desirable buyer for many estate agents and sellers alike. Buying your first home will be an experience you will never forget. While the actual process of housing-buying only starts once you have found a property you like, planning ahead can give you a huge advantage when it comes to getting the home you really want. Organising your family finance is very important and cannot be understated.
A big deposit on a property can help you secure a mortgage as when a lender is 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. These may include temporary falls in house prices, periods of unemployment and periods of a reduced income or at least disposable income, so the bigger the deposit is the less exposed the lender is to changes. A bigger deposit also means you can have smaller monthly payments as you will be borrowing less therefore the property will be seen as more affordable.
We think it is really important that you set some money aside for moving costs, its important to budget for all costs involved in moving home. Buyers may be liable for stamp duty and will need to pay solicitor’s and surveyor’s fees. The actual cost of moving from A to B and of furnishing and equipping a new home will depend on a variety of factors. It can however be useful to budget for unforeseen expenses. In other words, funds available to deal with anything about your new that you only notice once you’ve moved in.
Help to Buy scheme can also help you to get onto the property ladder if you want to get a new-built home. Provided that buyers can put down a deposit of at least 5%, the government will lend up to 20% of the purchase price of the property. This means that the buyer only needs to get a mortgage for the remaining 75% of the purchase price.
If you are interested in more of our advice and services, please make sure you get in touch with us and we will be able to give you the best advice possible.
Take a look at all of our other mortgages we can give you advice on our home page!