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Tuesday 11 May 2021
Tuesday 11 May 2021
Tuesday 11 May 2021
Tuesday 11 May 2021
Are you searching for a reliable mortgage broker in Dorset? Barrett Mortgages, based in Poole, is here to help with all your mortgage needs. Established in 2009 by Darren Barrett during challenging market conditions, we’ve built a reputation for delivering clear, trustworthy, and upfront financial advice. Unlike large corporate institutions, we focus on personalised service and specialist support, helping clients find tailored mortgage solutions.
Our Services
We provide a wide range of mortgage products, including:
First-Time Buyer Mortgages: Helping you step onto the property ladder with expert guidance and support.
Remortgages: Assisting with securing better rates and potentially saving money on your existing mortgage.
Buy-to-Let Mortgages: Supporting property investors in growing their portfolios.
Self-Employed Mortgages: Finding solutions for business owners and contractors with unique income profiles.
Why Choose Barrett Mortgages?
Qualified and Experienced Staff: Our team is fully qualified and dedicated to providing the best possible client experience.
No Pushy Sales Tactics: We focus on honest advice and stress-free service.
Strong Reputation: Our business thrives on client referrals, showcasing our commitment to exceptional service.
Remortgaging – A Smart Financial Move
Remortgaging can be an excellent way to save money by securing a lower interest rate. Here’s how we can assist:
Comprehensive Market Comparison: We assess a range of lenders to find the best product that suits your unique circumstances.
Hassle-Free Process: From initial enquiry to completion, we manage the process, including liaising with lenders, valuers, and solicitors.
Cost-Saving Potential: By remortgaging, you could significantly reduce your monthly payments or release equity for other financial needs.
Understanding Introductory Rates and SVR
Lenders often offer introductory rates lasting two to five years to attract new customers. Once the introductory period ends, your mortgage reverts to the lender's Standard Variable Rate (SVR). At this stage, you have three options:
Stay on the SVR: This may make sense if remortgaging costs outweigh the savings.
Remortgage with Your Existing Lender: Convenient, but not always the most competitive option.
Remortgage with a New Lender: Often the best choice for securing better rates and savings.
Costs to Consider When Remortgaging
While remortgaging can lead to substantial savings, it’s essential to account for potential costs:
Valuation Fees: Your property may need to be revalued.
Legal Fees: Necessary for processing the new mortgage agreement.
Exit Fees: Your current lender might charge a fee for closing the existing mortgage early.
Early Repayment Charges: Some lenders impose fees if you leave your mortgage before the term ends.
Self-Employed? No Problem!
Self-employed individuals can also benefit from remortgaging. While additional documentation is required to prove income, we specialise in finding solutions tailored to your unique financial situation.
Get in Touch Today
If you’re ready to explore your mortgage options or want expert advice, contact Barrett Mortgages. Our team is here to guide you every step of the way, ensuring a smooth and stress-free experience. Don’t forget to check our client reviews to see why so many people trust us with their mortgage needs. Let us help you achieve your financial goals with confidence!
Are you searching for a reliable mortgage broker in Dorset? Barrett Mortgages, based in Poole, is here to help with all your mortgage needs. Established in 2009 by Darren Barrett during challenging market conditions, we’ve built a reputation for delivering clear, trustworthy, and upfront financial advice. Unlike large corporate institutions, we focus on personalised service and specialist support, helping clients find tailored mortgage solutions.
Our Services
We provide a wide range of mortgage products, including:
First-Time Buyer Mortgages: Helping you step onto the property ladder with expert guidance and support.
Remortgages: Assisting with securing better rates and potentially saving money on your existing mortgage.
Buy-to-Let Mortgages: Supporting property investors in growing their portfolios.
Self-Employed Mortgages: Finding solutions for business owners and contractors with unique income profiles.
Why Choose Barrett Mortgages?
Qualified and Experienced Staff: Our team is fully qualified and dedicated to providing the best possible client experience.
No Pushy Sales Tactics: We focus on honest advice and stress-free service.
Strong Reputation: Our business thrives on client referrals, showcasing our commitment to exceptional service.
Remortgaging – A Smart Financial Move
Remortgaging can be an excellent way to save money by securing a lower interest rate. Here’s how we can assist:
Comprehensive Market Comparison: We assess a range of lenders to find the best product that suits your unique circumstances.
Hassle-Free Process: From initial enquiry to completion, we manage the process, including liaising with lenders, valuers, and solicitors.
Cost-Saving Potential: By remortgaging, you could significantly reduce your monthly payments or release equity for other financial needs.
Understanding Introductory Rates and SVR
Lenders often offer introductory rates lasting two to five years to attract new customers. Once the introductory period ends, your mortgage reverts to the lender's Standard Variable Rate (SVR). At this stage, you have three options:
Stay on the SVR: This may make sense if remortgaging costs outweigh the savings.
Remortgage with Your Existing Lender: Convenient, but not always the most competitive option.
Remortgage with a New Lender: Often the best choice for securing better rates and savings.
Costs to Consider When Remortgaging
While remortgaging can lead to substantial savings, it’s essential to account for potential costs:
Valuation Fees: Your property may need to be revalued.
Legal Fees: Necessary for processing the new mortgage agreement.
Exit Fees: Your current lender might charge a fee for closing the existing mortgage early.
Early Repayment Charges: Some lenders impose fees if you leave your mortgage before the term ends.
Self-Employed? No Problem!
Self-employed individuals can also benefit from remortgaging. While additional documentation is required to prove income, we specialise in finding solutions tailored to your unique financial situation.
Get in Touch Today
If you’re ready to explore your mortgage options or want expert advice, contact Barrett Mortgages. Our team is here to guide you every step of the way, ensuring a smooth and stress-free experience. Don’t forget to check our client reviews to see why so many people trust us with their mortgage needs. Let us help you achieve your financial goals with confidence!
