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Thursday 11 November 2021
Thursday 11 November 2021
Thursday 11 November 2021
Thursday 11 November 2021
Getting on the property ladder is a significant milestone in life, but it can also be a daunting process. At Barrett Mortgages, we’re here to simplify this journey by providing expert advice and personalised guidance. From your initial contact with us to becoming a qualified and desirable buyer, our advisors will be with you every step of the way.
Preparing for Your First Home Purchase
Save for a Deposit
The first step is saving for a deposit. Most lenders require at least a 10% deposit unless you qualify for a government scheme like Help to Buy. We always recommend that bigger is better when it comes to deposits. A larger deposit offers several advantages:
Lower Monthly Payments: With a smaller loan amount, your monthly repayments are reduced.
Increased Mortgage Approval Chances: Lenders are more likely to approve a mortgage if they see you’re a low-risk borrower.
Manage Your Finances
Before applying for a mortgage:
Reduce Outgoings: Minimise non-essential expenses to show lenders you can handle your finances.
Be Debt-Free: Eliminating debt demonstrates financial responsibility, improving your application.
Budget for Moving Costs
When planning your move, consider setting aside funds for:
Stamp Duty: Depending on the property price, some buyers may need to pay this tax.
Legal and Surveyor Fees: Solicitor and surveyor costs can add up.
Unforeseen Expenses: Be prepared for unexpected repairs or costs in your new home.
Why Choose Barrett Mortgages?
Founded in 2009 by Darren Barrett during challenging market conditions, Barrett Mortgages has built a strong reputation for providing:
Honest, Transparent Advice: We focus on your best interests without pushy sales tactics.
Experienced Advisors: Our fully qualified team is dedicated to offering the best possible experience.
Tailored Solutions: We provide mortgage options for first-time buyers and beyond, working with reputable industry leaders.
Contact Us Today
Ready to take the first step toward homeownership? Get in touch with us today to learn more about our advice and services. Check out our Google Reviews to see how we’ve helped other first-time buyers achieve their dreams.
Let Barrett Mortgages guide you to your first home with confidence and ease.
Getting on the property ladder is a significant milestone in life, but it can also be a daunting process. At Barrett Mortgages, we’re here to simplify this journey by providing expert advice and personalised guidance. From your initial contact with us to becoming a qualified and desirable buyer, our advisors will be with you every step of the way.
Preparing for Your First Home Purchase
Save for a Deposit
The first step is saving for a deposit. Most lenders require at least a 10% deposit unless you qualify for a government scheme like Help to Buy. We always recommend that bigger is better when it comes to deposits. A larger deposit offers several advantages:
Lower Monthly Payments: With a smaller loan amount, your monthly repayments are reduced.
Increased Mortgage Approval Chances: Lenders are more likely to approve a mortgage if they see you’re a low-risk borrower.
Manage Your Finances
Before applying for a mortgage:
Reduce Outgoings: Minimise non-essential expenses to show lenders you can handle your finances.
Be Debt-Free: Eliminating debt demonstrates financial responsibility, improving your application.
Budget for Moving Costs
When planning your move, consider setting aside funds for:
Stamp Duty: Depending on the property price, some buyers may need to pay this tax.
Legal and Surveyor Fees: Solicitor and surveyor costs can add up.
Unforeseen Expenses: Be prepared for unexpected repairs or costs in your new home.
Why Choose Barrett Mortgages?
Founded in 2009 by Darren Barrett during challenging market conditions, Barrett Mortgages has built a strong reputation for providing:
Honest, Transparent Advice: We focus on your best interests without pushy sales tactics.
Experienced Advisors: Our fully qualified team is dedicated to offering the best possible experience.
Tailored Solutions: We provide mortgage options for first-time buyers and beyond, working with reputable industry leaders.
Contact Us Today
Ready to take the first step toward homeownership? Get in touch with us today to learn more about our advice and services. Check out our Google Reviews to see how we’ve helped other first-time buyers achieve their dreams.
Let Barrett Mortgages guide you to your first home with confidence and ease.
