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Tuesday 18 May 2021
Tuesday 18 May 2021
Tuesday 18 May 2021
Tuesday 18 May 2021
Are you looking for a mortgage broker in Poole? Barrett Mortgages is here to assist with all your mortgage needs. As a professional finance broker, we work with a preferred selection of reputable industry leaders to provide tailored mortgage solutions.
Founded in 2009 by Darren Barrett during one of the toughest periods in the housing market, Barrett Mortgages has earned a reputation for delivering clear, trustworthy, and honest service. Unlike the high-pressure tactics of large corporate companies, we focus on personalised advice and support to meet the individual needs of our clients.
Services We Offer
We provide a wide range of mortgage services, including:
First-Time Buyer Mortgages: Specialising in options like the Help to Buy Scheme to make homeownership more accessible.
Buy-to-Let Mortgages: Helping property investors grow their portfolios.
Remortgages: Assisting in securing better rates or releasing equity.
Self-Employed Mortgages: Tailored advice for business owners and contractors.
First-Time Buyers and the Help to Buy Scheme
The Help to Buy Scheme is an excellent option for first-time buyers, allowing you to borrow between 5% and 20% of the property’s purchase price. Key details include:
Eligibility: The property must be purchased from a registered home builder.
Regional Price Caps: In the South, properties up to £349,000 qualify, while in the West, the cap is £437,000.
Loan Terms: The loan is interest-free for the first five years. From the sixth year, you’ll pay interest, but the principal amount will remain unchanged as the loan is interest-only.
Repayment: You can repay the loan in full or in 10% increments based on the property’s value at the time of repayment.
This scheme, combined with your deposit and mortgage repayments, makes it possible to secure your newly built home.
Preparing for Homeownership
Even with the Help to Buy Scheme, preparation is crucial. Here are some key tips to get ready for buying your first home:
Save a Decent Deposit: Aim to save consistently from your paycheck, even if it means reducing your monthly expenses.
Minimise Debt: Lenders prefer applicants with little or no debt, as it demonstrates financial stability.
Maintain Regular Income: A steady income stream reassures lenders of your ability to meet mortgage repayments.
Why Choose Barrett Mortgages?
Personalised Service: We take the time to understand your financial situation and goals.
Qualified Experts: Our team is experienced and dedicated to providing the best customer experience.
No Pushy Sales Tactics: Our honest, upfront approach ensures a stress-free process.
Strong Reputation: Built on referrals, we are proud to be a trusted name in mortgage brokering.
Contact Us Today
If you’d like to learn more about our mortgage services or how the Help to Buy Scheme can work for you, get in touch with Barrett Mortgages today. Let us guide you through the process and help you achieve your dream of homeownership.
Are you looking for a mortgage broker in Poole? Barrett Mortgages is here to assist with all your mortgage needs. As a professional finance broker, we work with a preferred selection of reputable industry leaders to provide tailored mortgage solutions.
Founded in 2009 by Darren Barrett during one of the toughest periods in the housing market, Barrett Mortgages has earned a reputation for delivering clear, trustworthy, and honest service. Unlike the high-pressure tactics of large corporate companies, we focus on personalised advice and support to meet the individual needs of our clients.
Services We Offer
We provide a wide range of mortgage services, including:
First-Time Buyer Mortgages: Specialising in options like the Help to Buy Scheme to make homeownership more accessible.
Buy-to-Let Mortgages: Helping property investors grow their portfolios.
Remortgages: Assisting in securing better rates or releasing equity.
Self-Employed Mortgages: Tailored advice for business owners and contractors.
First-Time Buyers and the Help to Buy Scheme
The Help to Buy Scheme is an excellent option for first-time buyers, allowing you to borrow between 5% and 20% of the property’s purchase price. Key details include:
Eligibility: The property must be purchased from a registered home builder.
Regional Price Caps: In the South, properties up to £349,000 qualify, while in the West, the cap is £437,000.
Loan Terms: The loan is interest-free for the first five years. From the sixth year, you’ll pay interest, but the principal amount will remain unchanged as the loan is interest-only.
Repayment: You can repay the loan in full or in 10% increments based on the property’s value at the time of repayment.
This scheme, combined with your deposit and mortgage repayments, makes it possible to secure your newly built home.
Preparing for Homeownership
Even with the Help to Buy Scheme, preparation is crucial. Here are some key tips to get ready for buying your first home:
Save a Decent Deposit: Aim to save consistently from your paycheck, even if it means reducing your monthly expenses.
Minimise Debt: Lenders prefer applicants with little or no debt, as it demonstrates financial stability.
Maintain Regular Income: A steady income stream reassures lenders of your ability to meet mortgage repayments.
Why Choose Barrett Mortgages?
Personalised Service: We take the time to understand your financial situation and goals.
Qualified Experts: Our team is experienced and dedicated to providing the best customer experience.
No Pushy Sales Tactics: Our honest, upfront approach ensures a stress-free process.
Strong Reputation: Built on referrals, we are proud to be a trusted name in mortgage brokering.
Contact Us Today
If you’d like to learn more about our mortgage services or how the Help to Buy Scheme can work for you, get in touch with Barrett Mortgages today. Let us guide you through the process and help you achieve your dream of homeownership.
