Mortgage Advice in Southampton

As a first time buyer it can be difficult to know how to start your mortgage process. Fo you look for property viewings, speak to a financial advisor or approach the bank? If you reach out to a mortgage broker in Southampton that specialises in helping first time buyers like us, you should find the whole process a lot easier and simpler. This is because we arrange everything for you!

We can help you prepare your mortgage application, arrange an agreement in principle for you, work out how much you will be able to borrow based on your income and affordability, and many more. Our service is designed to help buyers like you!

Getting first time buyer mortgage advice in Southampton can be a great first step to moving into your dream home.

When it comes to moving home in Southampton, not only are you buying a new property, you are selling one at the same time! Much to our knowledge, this can be a stressful process and more often than not, it can be extremely beneficial to get help from a mortgage advisor in Southampton.

We have been helping applicants move home in Southampton for over 20 years now. Being experienced in this field has allowed us to provide a fast and friendly mortgage advice service. Our aim is to take all of the stress of moving home away by arranging all of the mortgage parts of the process; let us help you next!

It is time to remortgage when your current product is coming to the end of its fixed term. Usually, your fixed term will last 2, 3 or 5 years. Once this term is over, your interest rate will switch to your lender’s standard variable interest rate (SVR). Usually, this rate is higher than your current rate, and therefore, it is best to remortgage and switch to a more favourable rate.

Our job comes in when you get in touch. Your dedicated remortgage advisor in Southampton will search through 1000s of remortgage products to try and find the most suitable one for you. They will factor in your personal and financial situation so that the deal can only benefit you. If we are unable to find a suitable product or the rate that you are already on is the best that you can get, we will be honest with you and recommend that you remain as you are.

Our team offer remortgage advice in Southampton are available 7 days a week. All that you have to do is get in touch and we can arrange a free remortgage review. Alternatively, you can book a free remortgage review online.

We can also help with other remortgage options, such as home improvements, debt consolidation, equity release and bad credit.

As a landlord, there are more requirements that you will need to pass in order to get a buy to let mortgage in Southampton. For example, you will need a 25-40% deposit. Our expert buy to let mortgage advisors in Southampton can help you prepare your application and help you find an appropriate deal for your property.

If you are a first time buyer landlord, you may need to pass further requirements to demonstrate your affordability. An experienced landlord is likely to have a portfolio to back their application and therefore, the lender may see them as a reliable and trustworthy applicant. Your buy to let mortgage advisor in Southampton will run through all of this with you.

In Southampton, you can book a free buy to let mortgage appointment online. Get started today and let us help you begin your buy to let mortgage journey!

The Help to Buy Schemes were introduced off the back of the credit crunch to help first time buyers get onto the property ladder. There are multiple schemes available through OwnYourHome, introduced in 2021. The most popular scheme is Help to Buy Shared Ownership.

Help to buy mortgage advice in Southampton is available 7 days a week. Our help to buy mortgage advisors in Southampton have in-depth knowledge and experience across all of the schemes and will be able to help you decide whether one of them is the right option for you or not. In some cases, we have seen that applicants do not benefit from using a help to buy scheme and would be best using the traditional method of getting a mortgage.

Most self employed applicants won’t realise that they need to supply more evidential documents than regular mortgage applicants to support their affordability. This is because the lender needs to make sure that you can afford to run your business and simultaneously meet your mortgage payments.

If you own more than 20-25% of your business, you are classed as a self employed applicant. You will also have to provide at least two years of earnings and tax calculations. Some lenders may also factor in your net profit during your affordability assessment.

Once you are ready to start your self employed mortgage journey, feel free to get in touch with our responsive team. Either book a free appointment online or give us a call to speak with a mortgage advisor in Southampton today.

Did you know that you could take a mortgage out on your council or a local housing association property that you’re living in? This can be made possible through the Right to Buy government scheme. It is not as simple as approaching a bank, you will need to pass various stages before this can all can be achieved. A mortgage broker in Southampton like ourselves can help you with this. We will talk you through the whole right to buy process and see whether it is the right option for you or not.

Depending on the length of time that you’ve been living in the property and the value of it, you may be able to get a discount on the property. This right to buy discount may also cover your deposit, meaning that you will just have to cover legal fees. If the right to buy discount doesn’t cover your deposit, you may have to supply a small deposit.

Like a regular mortgage application, you will still need to pass affordability assessments so that the lender can see that you afford to take out a mortgage.