Mortgages

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Mortgages: Buying/financing a home

At some point you will probably want to buy a flat or a house.

Maybe you’re at the stage of needing a bigger house or possibly even a second house to rent out. Unless you have a huge stash of gold hidden under your mattress, you will probably need to borrow some money.

I will work with you to understand what you’re looking to achieve, what your earnings and credit may allow. What the pitfalls and the challenges of your plan might be and how I can guide you through the next steps. As time passes, we will revisit the plan and make amendments. Examples of this would be:

First time Buyer. Everyone starts somewhere and buying a home is a significant financial committment. You have never done it before, and it all seems daunting. Will I get gazumped (outbid by someone at the last minute) or what if the lender says no? Not all lenders want all types of mortgage.

Remortgage. It is very rare for someone to take out a mortgage and hold it for the whole term (usually 25+ years). If ever you want to change the mortgage or I identify you could do better, we can look to discuss your options.

You may have had fixed rate that expired and now you’re on a standard variable rate. We can review the market and see if you’re on the right deal.

There are so many lenders out there, each looking for what suits their business. How we can help is:

1) Get to know your situation
2) Identify improvements you can make to your finances to make you a more attractive borrower
3) Guide and advise you to match you with a lender.

This would include looking at your credit rating or looking at your income/expenses.

It’s not about cutting out smashed avocado on toast. Say you’re showing a history of gambling and a lot more is going out than in, is that putting you in the best light?

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Early repayment charges may apply during the fixed rate period.

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