Buying a property can be the biggest decision made in our lives. It is for this very reason that impartial advice is critical from competent and qualified advisers. Whether you are a first time buyer, looking to re-mortgage or even looking to purchase a second home, this is where our advisers excel.
We are committed to guaranteeing reliable mortgage advice appropriate to any individual that makes contact with us.
Buying a home for the first time will be a daunting prospect. Add to this the vast array of mortgage products available from a wide range of sources and you could be left with a high-stress, confusing decision to make. To help you with making the right decision we have put together 10 top tips for you.
When you re-mortgage, you are switching your mortgage to another deal, and frequently, another lender.
Re-mortgages can be used for various reasons however, most people simply switch mortgages because it will work out cheaper for them. For example, the introductory discounted interest rate may have finished with your current lender; therefore, you could potentially get a new discount rate, or a lower APR, with another lender. Another example is when you may need to re-mortgage to consolidate debts.
It is worth noting that a re-mortgage is not the best option in all cases. Even if the lender you are considering switching to is offering a lower APR, you must take into consideration the facts that:
Becoming a private landlord should not be seen as an easy way of making money; it can be riskier and more complicated and there is no guarantee that house prices will rise. That said, having a second property to let to tenants could reap considerable financial rewards over time.
There are 3 main differences in buy to let mortgages:
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
The Mortgage Shop normally charge a fee for mortgage advice. However, this will be dependent on your circumstances. Our typical fee is £374.