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Monday 13 July 2020
Monday 13 July 2020
Monday 13 July 2020
Monday 13 July 2020
Getting onto the property ladder can be both a scary and exciting experience. With so much advice circulating, it’s easy to feel overwhelmed, especially when much of it can seem contradictory. That’s where our advisors come in. At Barrett Mortgages, we’re here to assist you every step of the way, making the process as seamless and stress-free as possible.
Planning Ahead for Success
Buying your first home is a milestone you’ll never forget. However, careful planning can make all the difference when it comes to securing the property you truly want. Here's why preparation matters:
Savings and Deposit: A larger deposit can make you a more attractive candidate to lenders. Not only does it provide financial security for them, but it also lowers your monthly payments and increases your chances of getting your mortgage application approved.
Organising Family Finances: Beyond your deposit, planning for additional moving costs is essential. These include solicitor fees, stamp duty, and other unforeseen expenses.
Lender Considerations: When deciding on your application, lenders take into account potential challenges you may face during the life of the mortgage, such as income reductions or market fluctuations.
Mortgages for the Self-Employed
Self-employed individuals often assume they can’t get a mortgage, but this couldn’t be further from the truth. Lenders understand the unique circumstances faced by the self-employed and have clear processes to determine how much they can lend.
What Lenders Consider:
Income Evidence: Lenders typically request records from the last two to three years. Depending on the lender, they may average this income or use the most recent year as a baseline.
Flexible Assessment: For sole traders, net profits are considered, while company directors might have their salary and dividends reviewed. Some lenders may even consider retained profits for business owners.
Why Choose Barrett Mortgages?
Personalised Assistance: Our advisors provide one-on-one support, guiding you through the entire process from initial consultation to completion.
Expertise Across the Market: We work with a wide range of lenders to find a deal tailored to your circumstances, whether you’re a first-time buyer or self-employed.
Stress-Free Experience: We handle the paperwork and liaise with all parties involved, ensuring a smooth and efficient journey to your new home.
If you’re ready to take the leap and explore your options, contact Barrett Mortgages today. Let’s turn your dream of homeownership into reality!
Getting onto the property ladder can be both a scary and exciting experience. With so much advice circulating, it’s easy to feel overwhelmed, especially when much of it can seem contradictory. That’s where our advisors come in. At Barrett Mortgages, we’re here to assist you every step of the way, making the process as seamless and stress-free as possible.
Planning Ahead for Success
Buying your first home is a milestone you’ll never forget. However, careful planning can make all the difference when it comes to securing the property you truly want. Here's why preparation matters:
Savings and Deposit: A larger deposit can make you a more attractive candidate to lenders. Not only does it provide financial security for them, but it also lowers your monthly payments and increases your chances of getting your mortgage application approved.
Organising Family Finances: Beyond your deposit, planning for additional moving costs is essential. These include solicitor fees, stamp duty, and other unforeseen expenses.
Lender Considerations: When deciding on your application, lenders take into account potential challenges you may face during the life of the mortgage, such as income reductions or market fluctuations.
Mortgages for the Self-Employed
Self-employed individuals often assume they can’t get a mortgage, but this couldn’t be further from the truth. Lenders understand the unique circumstances faced by the self-employed and have clear processes to determine how much they can lend.
What Lenders Consider:
Income Evidence: Lenders typically request records from the last two to three years. Depending on the lender, they may average this income or use the most recent year as a baseline.
Flexible Assessment: For sole traders, net profits are considered, while company directors might have their salary and dividends reviewed. Some lenders may even consider retained profits for business owners.
Why Choose Barrett Mortgages?
Personalised Assistance: Our advisors provide one-on-one support, guiding you through the entire process from initial consultation to completion.
Expertise Across the Market: We work with a wide range of lenders to find a deal tailored to your circumstances, whether you’re a first-time buyer or self-employed.
Stress-Free Experience: We handle the paperwork and liaise with all parties involved, ensuring a smooth and efficient journey to your new home.
If you’re ready to take the leap and explore your options, contact Barrett Mortgages today. Let’s turn your dream of homeownership into reality!
