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Thursday 24 June 2021
Thursday 24 June 2021
Thursday 24 June 2021
Thursday 24 June 2021
At Barrett Mortgages, we are professional finance brokers based in Poole, Dorset, dedicated to helping clients secure the best mortgages tailored to their needs. Whether you’re a first-time buyer, self-employed, or seeking a buy-to-let mortgage, our team is here to guide you every step of the way. We work with a preferred selection of reputable industry leaders to ensure you receive the best possible deal.
Why Choose Barrett Mortgages?
Founded in 2009 by Darren Barrett during challenging market conditions, Barrett Mortgages was established to offer a clear, trustworthy, and honest alternative to high-pressure corporate sales tactics. Our business thrives on referrals, a testament to the exceptional service we provide.
What Sets Us Apart:
Qualified and Experienced Team: Our staff are selected for their expertise and commitment to delivering an outstanding customer experience.
No Pushy Sales Tactics: We focus on what’s best for you, providing advice that is transparent and pressure-free.
Comprehensive Support: From first-time buyers to experienced investors, we cater to a wide range of mortgage needs.
First-Time Buyers: Tips for Securing Your First Mortgage
If you’re buying your first home, preparation is key. Here’s how to improve your chances of securing a mortgage:
1. Save for a Bigger Deposit
Why It’s Important: A larger deposit reduces the lender’s risk and makes your application more likely to be approved.
Benefits:
Smaller monthly repayments.
Lower overall interest costs.
Tip: Aim for at least 5–10% of the property value, or more if possible.
2. Reduce Monthly Outgoings
How It Helps: Demonstrates to lenders that you can manage your finances responsibly.
Steps to Take:
Minimise unnecessary expenses like subscriptions and non-essential services.
Avoid taking on new debt and pay off existing loans where possible.
3. Set Aside Money for Additional Costs
What to Budget For:
Survey Fees: Essential to assess the property’s condition.
Solicitor Fees: Covers the legal aspects of purchasing your home.
Furnishing Costs: Ensures you can move in comfortably.
Why Preparation Matters
Lenders evaluate your financial situation thoroughly before approving a mortgage. Showing that you:
Have prioritised your mortgage payments above all else.
Are financially stable with low outgoings and minimal debt. This can significantly increase your chances of success.
Contact Us for Expert Advice
If you’re ready to purchase your first home or want guidance on securing the best mortgage, Barrett Mortgages is here to help. Let our industry expertise and personalised advice make your property journey smooth and successful.
Phone: 01202 733809
Email: enquiries@barrettmortgages.com
Visit: Our office in Poole, Dorset.
Contact our friendly team today and take the first step toward your dream home.
At Barrett Mortgages, we are professional finance brokers based in Poole, Dorset, dedicated to helping clients secure the best mortgages tailored to their needs. Whether you’re a first-time buyer, self-employed, or seeking a buy-to-let mortgage, our team is here to guide you every step of the way. We work with a preferred selection of reputable industry leaders to ensure you receive the best possible deal.
Why Choose Barrett Mortgages?
Founded in 2009 by Darren Barrett during challenging market conditions, Barrett Mortgages was established to offer a clear, trustworthy, and honest alternative to high-pressure corporate sales tactics. Our business thrives on referrals, a testament to the exceptional service we provide.
What Sets Us Apart:
Qualified and Experienced Team: Our staff are selected for their expertise and commitment to delivering an outstanding customer experience.
No Pushy Sales Tactics: We focus on what’s best for you, providing advice that is transparent and pressure-free.
Comprehensive Support: From first-time buyers to experienced investors, we cater to a wide range of mortgage needs.
First-Time Buyers: Tips for Securing Your First Mortgage
If you’re buying your first home, preparation is key. Here’s how to improve your chances of securing a mortgage:
1. Save for a Bigger Deposit
Why It’s Important: A larger deposit reduces the lender’s risk and makes your application more likely to be approved.
Benefits:
Smaller monthly repayments.
Lower overall interest costs.
Tip: Aim for at least 5–10% of the property value, or more if possible.
2. Reduce Monthly Outgoings
How It Helps: Demonstrates to lenders that you can manage your finances responsibly.
Steps to Take:
Minimise unnecessary expenses like subscriptions and non-essential services.
Avoid taking on new debt and pay off existing loans where possible.
3. Set Aside Money for Additional Costs
What to Budget For:
Survey Fees: Essential to assess the property’s condition.
Solicitor Fees: Covers the legal aspects of purchasing your home.
Furnishing Costs: Ensures you can move in comfortably.
Why Preparation Matters
Lenders evaluate your financial situation thoroughly before approving a mortgage. Showing that you:
Have prioritised your mortgage payments above all else.
Are financially stable with low outgoings and minimal debt. This can significantly increase your chances of success.
Contact Us for Expert Advice
If you’re ready to purchase your first home or want guidance on securing the best mortgage, Barrett Mortgages is here to help. Let our industry expertise and personalised advice make your property journey smooth and successful.
Phone: 01202 733809
Email: enquiries@barrettmortgages.com
Visit: Our office in Poole, Dorset.
Contact our friendly team today and take the first step toward your dream home.
