Mortgage Advice in Gloucester

If you are a first time buyer in Gloucester, you will not be as fond of the mortgage process as those looking at moving home. Your first mortgage process should be stress-free, simple and easy-going. This is a perk of using a mortgage broker in Gloucester, we will do all of the work for you and help you find a great first time buyer mortgage deal in the process!

During your free mortgage appointment, your mortgage advisor in Gloucester will be able to work out how much you are able to borrow for your new mortgage and your overall affordability. This can be incredibly useful for your advisor as it can help them find a suitable mortgage product based on your personal and financial situation.

Once your appointment is complete, you will receive a mortgage agreement in principle (AIP for short) to back up any offers you are looking to make on properties. AIPs can often allow you to negotiate with your seller as you are in a position to proceed faster than someone who does not have an AIP in place. Your mortgage advisor in Gloucester will help you with this part of the process and can also help you make any offers if that is something that you are interested in.

When you are Moving home in Gloucester, you have to think about how you are going to move everything into your new home, sort the sale of your old property and also make mortgage arrangements for your new property – yes, there is a lot to do! We want to take part of this stress away by handling the mortgage side of the process for you.

Finding you a mortgage for your new home is what we do best. We have been working as a mortgage broker in Gloucester for 20+ years now and have the experience to help you when you most need it. Don’t try and sort everything on your own, there is help out there!

In some cases, people may also want to try and port their current mortgage to their new property. Where this may be possible for some applicants, it may not be possible for everyone; we will have to look at the ins and outs of your current mortgage deal first.

There are two options when approaching the end of your fixed mortgage term, you can remortgage to find a new deal to move onto or just move onto your lender’s standard variable rate. Usually, these lender rates will be much higher than your current rate, and that’s why it can be the best and smartest decision to remortgage.

Going to a mortgage broker in Gloucester for remortgage advice could allow you to access competitive rates and high-street products. This is because we are able to access deals from all different kinds of lenders, not just one in particular. If you went to the bank, you would only be able to access their products.

Most people look to remortgage to find a better rate or to move deals at the end of their fixed term, however, there are also some other reasons why people remortgage. You can look at remortgaging for home improvements, to consolidate debt and to release equity. If you want to discuss your remortgage options, feel free to reach out to a member of our Gloucester team.

When it comes to buy to let mortgages in Gloucester, you must consider how the process differs from a typical home purchase. Firstly, you will need to evidence your affordability as you will be liable for both your residential and buy to let mortgage payments. Your lender needs to know that you can afford both payments if your tenant leaves the property.

We are here to help you through your entire buy to let mortgage process. We won’t just help you with your mortgage application, we will also help you find a buy to let product for your new property. If you have an existing property, we can also help you with your buy to let remortgage.

Our buy to let mortgage advisors in Gloucester can also help you with your let to buy mortgages. The process is very similar, instead of purchasing a property to let out, you are purchasing a property to move into too let out your current one.

If you are struggling to get yourself onto the property ladder, perhaps utilising a Help to Buy scheme in Gloucester could give you that extra boost. You will find that there are many different Help to Buy schemes that can help you buy a property, where some will be more beneficial to you than others. It is all down to your circumstances.

The government run a website called OwnYourHome which includes a list of all of the available Help to Buy schemes and options. We are able to help with the majority of these schemes, all that you need to do is get in touch with our fantastic team and we will see what we can do!

Those self employed in Gloucester looking for a mortgage will need to do little more to evidence affordability. As mortgage broker in Gloucester, we are here to help you prepare your mortgage application and find you a perfect deal to go with it.

The mortgage process can often be stressful; we are here to help you through the whole thing and make sure that you are fully prepared when it comes to submitting your self employed mortgage application.

If you live in Gloucester in a Right to Buy property (council houses), you may be able to use a government scheme to help you buy the property. In some cases, for example, if you have been living in the property for a while, you may not even need a deposit for your Right to Buy.

To apply for a Right to Buy mortgage, you will need to complete an RTB1 notice. This is something that all applicants looking to purchase their council house will need to fill out. Your mortgage advisor in Gloucester will run through all of this once you get in touch.