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Friday 4 September 2020
Friday 4 September 2020
Friday 4 September 2020
Friday 4 September 2020
If you're in the market for a mortgage, you're in the right place. At Barrett Mortgages, our advisors are dedicated to helping you understand your borrowing capacity and finding the best type of mortgage for your needs. Whether you’re a first-time buyer or seeking additional guidance, we have some valuable tips and services to get you started.
First-Time Buyer Tips
Buying your first home is an exciting journey, and preparation can make all the difference. Here’s what you need to know:
Aim for a Larger Deposit:
A larger deposit not only strengthens your mortgage application but also reduces the lender’s risk. Lenders assess potential challenges you may face during the life of your mortgage, such as periods of unemployment or reduced disposable income due to starting a family. A larger deposit minimizes these risks, making you a more attractive borrower.Smaller Monthly Payments:
With a larger deposit, your monthly repayments will be smaller, leaving you with more financial flexibility.Government Help-to-Buy Schemes:
If you’re purchasing a new-build home, check if you qualify for the government’s Help-to-Buy scheme.How it Works: With just a 5% deposit, the government can lend you up to 20% of the purchase price.
Benefits: This reduces the mortgage amount to just 75% of the property’s value, making it more affordable.
Why Choose Barrett Mortgages?
Tailored Advice: Our advisors will assess your unique financial situation and provide guidance on the best mortgage options available.
Comprehensive Market Search: We work with a wide range of lenders to find the best deals for you.
Hassle-Free Process: From paperwork to lender communication, we handle it all so you can focus on finding your dream home.
If you’re ready to take the next step in your home-buying journey, get in touch with us today. Our advisors are here to help you every step of the way.
If you're in the market for a mortgage, you're in the right place. At Barrett Mortgages, our advisors are dedicated to helping you understand your borrowing capacity and finding the best type of mortgage for your needs. Whether you’re a first-time buyer or seeking additional guidance, we have some valuable tips and services to get you started.
First-Time Buyer Tips
Buying your first home is an exciting journey, and preparation can make all the difference. Here’s what you need to know:
Aim for a Larger Deposit:
A larger deposit not only strengthens your mortgage application but also reduces the lender’s risk. Lenders assess potential challenges you may face during the life of your mortgage, such as periods of unemployment or reduced disposable income due to starting a family. A larger deposit minimizes these risks, making you a more attractive borrower.Smaller Monthly Payments:
With a larger deposit, your monthly repayments will be smaller, leaving you with more financial flexibility.Government Help-to-Buy Schemes:
If you’re purchasing a new-build home, check if you qualify for the government’s Help-to-Buy scheme.How it Works: With just a 5% deposit, the government can lend you up to 20% of the purchase price.
Benefits: This reduces the mortgage amount to just 75% of the property’s value, making it more affordable.
Why Choose Barrett Mortgages?
Tailored Advice: Our advisors will assess your unique financial situation and provide guidance on the best mortgage options available.
Comprehensive Market Search: We work with a wide range of lenders to find the best deals for you.
Hassle-Free Process: From paperwork to lender communication, we handle it all so you can focus on finding your dream home.
If you’re ready to take the next step in your home-buying journey, get in touch with us today. Our advisors are here to help you every step of the way.
