This is the total price of the property irrespective of the deposit or any other factors that may affect the property you wish to purchase.
This is the total price of the property irrespective of the deposit or any other factors that may affect the property you wish to purchase.
This is the total price of the property irrespective of the deposit or any other factors that may affect the property you wish to purchase.
This is the total price of the property irrespective of the deposit or any other factors that may affect the property you wish to purchase.
You must enter a value in all fields to receive a estimated month payment amount
You must enter a value in all fields to receive a estimated month payment amount
You must enter a value in all fields to receive a estimated month payment amount
This is the total price of the property irrespective of the deposit or any other factors that may affect the property you wish to purchase.
You must enter a value in all fields to receive a estimated month payment amount
This is the total price of the property irrespective of the deposit or any other factors that may affect the property you wish to purchase.
This is the total price of the property irrespective of the deposit or any other factors that may affect the property you wish to purchase.
This is the total price of the property irrespective of the deposit or any other factors that may affect the property you wish to purchase.
You must enter a value in all fields to receive a estimated month payment amount
You must enter a value in all fields to receive a estimated month payment amount
Independent mortgage advisers have a wide knowledge of the mortgages available from different lenders. They can search the market on your behalf and recommend the best deal.
To find these deals on your own involves a lot of research and talking through your circumstances many times with different lenders.
An adviser might also be able to find a deal you can’t find on your own. They can also improve your chances of being accepted for a mortgage as they’ll know which lenders are best suited to your particular circumstances.
This is particularly important if you don’t have a large deposit, haven’t been with your employer for long or if you’re self-employed.
When you get regulated mortgage advice rather than doing research on your own, your mortgage adviser will recommend an appropriate mortgage for your needs and circumstances.
If the mortgage later turns out to be unsuitable for any reason, you can make a complaint. If necessary, you can take your complaint to the Financial Ombudsman Service. This means you automatically have more rights when you take advice.
Not getting advice means you have to take full responsibility for your mortgage decision.
If you don’t get advice, you could end up:
It’s important to see a mortgage adviser at the start of your mortgage journey whether it’s your first mortgage or you’re looking to re-mortgage. It will save you a lot of time and effort in the long run.
It’s good idea to speak to a few different firms to see what’s on offer and to compare fees.
There are two main types of mortgage advisers.
Mortgage advisers connected directly to lenders usually only recommend mortgages from that specific lender.
Mortgage brokers, or independent financial advisers, who can look at a range of mortgages from different lenders. Some might even check the whole market offering you a wider range of products.
It makes sense to choose a broker or adviser providing a ‘whole of market’ service. This means they can choose from the largest number of lenders and mortgages available.
However, even ‘whole of market’ advisers don’t cover everything and there are still some merits of going directly to the lender for your mortgage. Some lenders will have exclusive deals only available if you go to them directly which can help you avoid paying any up front broker fees.
We are regulated and authorised by the Financial Conduct Authority (FCA). Details of all regulated firms are held on the FCA’s Register.
Increasing your deposit for a mortgage as much as possible is an excellent strategy for various reasons. Firstly, a bigger deposit means that you will need to borrow less money from the bank, and hence, you will have a lower mortgage amount. This translates to lower monthly repayments and reduced interest payments in the long term, making the mortgage more affordable and easier to manage.
Secondly, having a larger deposit will demonstrate to the lender that you have financial stability and are less risky to lend to. This increases your chances of getting approved for a mortgage and obtaining favorable interest rates as well.
Lastly, a larger deposit also gives you more equity in your home from the outset. Should the value of your property increase over time, this additional equity can be utilized to secure better deals, remortgage deals or a good start to a buy-to-let portfolio.
All in all, increasing your deposit for a mortgage as much as possible is a wise move that can save you money and help you reach your property goals.
While many Help To Buy Schemes are no longer available across different regions in the UK, you can still take advantage of the following schemes:
For a more extensive outline of thge options available in the UK (as of 2023) take a look at this page from MoneyHelper
We offer quick and easy approvals for all applications, click the button on the right to get started instantly. Remember the initial consultation is FREE so why not see what we have to offer?
Any Commercial Lending secured on commercial properties. Hotels, Restaurants, Care Homes, Warehouses, Factories, etc.
For both professional and first time landlords. Buy to Let purchase, remortgage for both SPV Limited Companies & Individual Landlords.
