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Tuesday 13 October 2020
Tuesday 13 October 2020
Tuesday 13 October 2020
Tuesday 13 October 2020
At Barrett Mortgages, we understand that buying your first home can be an exciting yet challenging experience. Our friendly and knowledgeable team is here to guide you every step of the way. From determining how much you can borrow to breaking down all the associated costs, we ensure the process is smooth, transparent, and stress-free.
Tips to Make Your First Home Purchase Easier
1. Save for a Larger Deposit
Why It Matters: A larger deposit not only increases your chances of securing a mortgage but also provides added protection for the lender. It reduces the risk for lenders and makes your mortgage application more appealing.
Benefits:
Lower monthly repayments, making the property more affordable.
Access to better mortgage rates due to reduced lending risk.
2. Explore Government Schemes
Take advantage of government initiatives designed to help first-time buyers, including:
Help to Buy Scheme:
Available for new-build properties.
Requires a deposit of at least 5%.
The government lends up to 20% of the purchase price, allowing you to secure a 75% mortgage.
Mortgage Guarantee Scheme:
Available for both new-build and pre-owned properties.
Helps buyers with smaller deposits gain access to mortgages.
3. Consider Mortgage Guarantors
Older family members who have built up personal wealth can act as guarantors for younger buyers. This support can significantly increase your chances of securing a mortgage, especially if you have a smaller deposit or limited credit history.
4. Seek Professional Financial Advice
Investing time with a qualified financial advisor can make a world of difference. They can provide valuable insights, helping you make informed decisions about deposit savings, mortgage options, and additional financial considerations.
How Barrett Mortgages Can Help
Personalised Guidance
We take the time to understand your unique circumstances and financial goals, ensuring you have a mortgage plan tailored to your needs.
Comprehensive Support
Our team will:
Calculate how much you can borrow.
Break down the costs involved in the homebuying process.
Assist with the application process, from start to finish.
Access to Market-Leading Deals
With access to a wide range of lenders, we compare mortgage products to find the best rates and terms for you.
Expert Knowledge of Schemes
We’ll guide you through the government schemes available and explain how they can benefit you, ensuring you maximise every opportunity.
Contact Us Today
If you’re ready to start your journey toward homeownership, Barrett Mortgages is here to help. Our friendly advisors are eager to assist you in securing the best mortgage deal and making your dream of owning a home a reality.
📞 Call us: 01202 733809
📧 Email us: enquiries@barrettmortgages.com
Let’s make your first-time home purchase an exciting and rewarding experience. Your dream home is closer than you think!
At Barrett Mortgages, we understand that buying your first home can be an exciting yet challenging experience. Our friendly and knowledgeable team is here to guide you every step of the way. From determining how much you can borrow to breaking down all the associated costs, we ensure the process is smooth, transparent, and stress-free.
Tips to Make Your First Home Purchase Easier
1. Save for a Larger Deposit
Why It Matters: A larger deposit not only increases your chances of securing a mortgage but also provides added protection for the lender. It reduces the risk for lenders and makes your mortgage application more appealing.
Benefits:
Lower monthly repayments, making the property more affordable.
Access to better mortgage rates due to reduced lending risk.
2. Explore Government Schemes
Take advantage of government initiatives designed to help first-time buyers, including:
Help to Buy Scheme:
Available for new-build properties.
Requires a deposit of at least 5%.
The government lends up to 20% of the purchase price, allowing you to secure a 75% mortgage.
Mortgage Guarantee Scheme:
Available for both new-build and pre-owned properties.
Helps buyers with smaller deposits gain access to mortgages.
3. Consider Mortgage Guarantors
Older family members who have built up personal wealth can act as guarantors for younger buyers. This support can significantly increase your chances of securing a mortgage, especially if you have a smaller deposit or limited credit history.
4. Seek Professional Financial Advice
Investing time with a qualified financial advisor can make a world of difference. They can provide valuable insights, helping you make informed decisions about deposit savings, mortgage options, and additional financial considerations.
How Barrett Mortgages Can Help
Personalised Guidance
We take the time to understand your unique circumstances and financial goals, ensuring you have a mortgage plan tailored to your needs.
Comprehensive Support
Our team will:
Calculate how much you can borrow.
Break down the costs involved in the homebuying process.
Assist with the application process, from start to finish.
Access to Market-Leading Deals
With access to a wide range of lenders, we compare mortgage products to find the best rates and terms for you.
Expert Knowledge of Schemes
We’ll guide you through the government schemes available and explain how they can benefit you, ensuring you maximise every opportunity.
Contact Us Today
If you’re ready to start your journey toward homeownership, Barrett Mortgages is here to help. Our friendly advisors are eager to assist you in securing the best mortgage deal and making your dream of owning a home a reality.
📞 Call us: 01202 733809
📧 Email us: enquiries@barrettmortgages.com
Let’s make your first-time home purchase an exciting and rewarding experience. Your dream home is closer than you think!
