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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.

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First Time Buyers

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.

  • Ensure that you are realistic when working out exactly how much you can afford to spend on your new house. You should ensure the intended mortgage is affordable (by doing a budget calculation). Even a newly built house will require some sort of furnishings, whereas older properties may require extensive work, such as re-flooring, tiling or renewing the wiring. Make sure that you factor in all these likely expenses, in addition to the purchase price, and other fees such as conveyancing and stamp duty.


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:

  • The new lender may charge you for valuation and solicitors fees, even if you have already paid these for your mortgage with your current lender.

Buy to Let

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:

  • Rent Potential - the decision as to whether or not a mortgage will be offered is usually based on the rent you will earn as well as your income. In some cases, your income is not ever considered.
  • Interest Rate - buy to let mortgages have slightly higher interest rates.
  • Larger Deposit - typically a minimum of 25% of the property's value is required as a deposit.


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The Mortgage Shop normally charge a fee for mortgage advice. However, this will be dependent on your circumstances. Our typical fee is £374.

Contact Details

01843 600 666


Sutherland House,
6 Nelson Place,
Broadstairs, Kent
CT10 1HQ

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