We are professional finance brokers and we have offices in Poole, Dorset. Providing mortgages for everyone and insurance products from a preferred selection of reputable industry leaders. Fed up with the high-pressure sales tactics of the large corporates, Barrett mortgages were set up by founder 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 businesses has thrived during these times when clients have needed more individual and specialist help.
We have a great service for first-time buyers, as we know that is it very hard to get onto the property ladder and you will find that family member and even friends will talk you bits of advice on what they think the best thing to do is and sometimes all the advice and cross over and conflict with each other and you don’t know which is the best thing to do. Why not come to us and we can tell you the correct and best advice that you need to get your dream home. Planning ahead of time can really help you to be prepared for all the costs that will be needed for not only purchasing the home but paying for all the solicitor and surveyor fees. The first thing we recommend you do is to try and accumulate as big of a deposit as possible this is because a 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 or less disposable income. The bigger the deposit a potential borrower can put down, the less exposed the lender is to changes.
A bigger deposit will mean you will have smaller monthly repayments as well and therefore deemed more likely to be seen as affordable. We recommend that you check the government schemes as well to see there is anything that can help you afford the home you’ve always wanted.
We also have a great buy to let mortgage service, this is where we will source a suite of lenders and compare products to ensure you have the best mortgage that suits your individual circumstances. We understand investors need to maximise on income and ensure the right product to help you grow your investment portfolio. Our advisor will understand your needs whether you are looking for that one-time investment, or if you want to build a portfolio of properties.
You will need to think of a great business strategy that the bank will like to get on board with. They will hope that the borrower will be fit and healthy by the end of the agreement. The risk-averse banking sector isn’t just throwing money at house buyers anymore and expects a buy to let landlord to take a bulk of liability on themselves. Are you targeting young professionals, students, married couples or commuters? If you don’t have a niche market in mind, you need to get one before you go any further. Because this will determine where and what you buy.
If you are in need of any financial advice we are here to help you, so why not get in contact with us.