Taking your first step onto the property ladder
Buying your first home will be one of the biggest decisions of your life.
You should consider speaking with one of our advisers to check over your income and affordability to try and establish a budget for your new home. The mortgage lender would then provide you with a mortgage 'agreement in principle' along with a maximum budget so that you can start searching the market.
Once you have viewed a property and decided you would like to make an offer, you may wish to speak to your adviser again to discuss the latest deals, rates and payments. Once your offer is accepted, we will arrange a meeting to start the mortgage application process and collect the required documentation.
We guide you through every step of the process, from getting your agreement in principle to completing on your dream home. Our fee-free advice means you don't pay us anything - we're paid by the lender when your mortgage completes.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Understanding the different types of mortgages available to you:
Your interest rate stays the same for a set period (usually 2, 5, or 10 years)
Great if you like predictability. Your monthly payments won't change during the fixed term, making budgeting easier.
If interest rates fall, you're stuck paying the higher rate until your fixed period ends.
Your interest rate 'tracks' the Bank of England Base Rate and changes accordingly
If the rate it's tracking goes down, so do your payments. You could benefit from rate drops.
The opposite is also true. If rates go up, brace yourself for higher payments.
Your mortgage is linked to your savings - you only pay interest on the difference
Can significantly reduce interest payments or shorten your mortgage term if you have substantial savings.
Often comes with higher interest rates compared to other mortgage types. May not suit everyone.
Contact us for fee-free, no-obligation mortgage advice from our friendly team.
Get In Touch