What is a mortgage?, What is a first time buyer?, What can I borrow?, How is mortgage affordability calculated?, Why is interest only not available to me? What is Stamp duty? Where can I find a mortgage Broker?
A mortgage is a loan you take out to buy property. It is secured against the property to offer security to the lender. As there is security against the borrower not paying the mortgage loan the rate is often much better than an unsecured loan.
Since the credit crunch it has become more prevalent for lenders to offer different rates dependent on risk. This is evidenced in the fact the more equity you have in a property the better the rate you are likely to be offered. For example somebody borrowing 90% of the property value will get a worse rate than somebody borrowing 85%.
Most banks and building societies offer mortgages, as well as specialist mortgage lending companies. Each lender has different lending criteria and options which can make choosing and qualifying for a mortgage more difficult. The credit crunch also introduced a different way of lenders charging customers, with low rates but higher set up costs.
Using technology and experience we will help you find the cheapest mortgage for you.
There are also many different types of mortgages which cater for specific scenarios such as secured loans, Bridging Finance, Residential Remortgage, Residential Home mover, Commercial Mortgages, Equity Release, Self Build, Buy to let and First time buyer mortgages to name a few.
A high street bank or building society will only be able to choose from a limited range of products and services from a limited range of providers. The advantage of an Independent Financial Adviser (IFA) is they can recommend any product or service available on the market which is suitable for you.
At Invest Southwest are fully qualified Independent mortgage brokers cover Weston-super-mare - Bristol offering quality mortgage advice. We search the whole market including direct to customer only products to ensure you are aware of the best mortgage products and offers for your circumstances.
The Financial Conduct Authority (FCA) regulates the way mortgages are sold; this means firms must follow certain rules and standards when dealing with you. At Invest Southwest we offer the highest levels of service in a clear compliant manner.