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Wednesday 3 February 2021
Wednesday 3 February 2021
Wednesday 3 February 2021
Wednesday 3 February 2021
Barrett Mortgages is a professional finance broker with offices in Poole, Dorset. Founded by Darren Barrett in 2009 during one of the most challenging periods in the financial industry, we have grown by offering unparalleled, clear, trustworthy, and upfront services. Unlike large corporates that rely on high-pressure sales tactics, our focus is on providing individualised and specialist help tailored to each client’s needs.
Our success is built on trust and our strong reputation, bolstered by referrals from satisfied clients. All our staff are fully qualified, experienced, and selected for their dedication to delivering the best possible customer experience. We promise a no-pressure approach and would be delighted to discuss your mortgage or insurance-related needs.
Why Review Your Mortgage?
A recent survey found that 31% of people who rent or have a mortgage spend more than a third of their household income on payments. Even if your payments are lower, finding the best possible mortgage deal can provide a significant boost to your financial well-being and personal wealth.
Lenders often offer attractive introductory rates for new customers, which typically last two to five years. After this, mortgages revert to the lender’s Standard Variable Rate (SVR). At this point, borrowers have three options:
Stay on the SVR: This makes sense if the costs of remortgaging outweigh potential savings.
Remortgage with your existing lender: This may help you secure a better deal without switching providers.
Remortgage with a new lender: This can often lead to substantial savings, depending on market conditions.
It’s worth noting that remortgaging comes with costs, similar to those incurred when you first purchased your property. However, the potential savings could outweigh these expenses, depending on your circumstances.
Buy-to-Let Mortgages
In addition to helping homeowners remortgage, Barrett Mortgages offers tailored advice for buy-to-let mortgages. Whether you’re making a one-time investment or building a property portfolio, our advisors will work with a range of lenders to find the best product for your needs.
Key Features of Buy-to-Let Mortgages:
Specialised Mortgage Requirements: A standard residential mortgage cannot be used for rental properties. Switching a residential home to rental use requires a dedicated buy-to-let mortgage.
Higher Interest Rates: These mortgages typically have higher interest rates than residential ones.
Interest-Only Options: Most buy-to-let mortgages are interest-only, meaning you pay only the interest during the term, not the loan capital itself.
Being a landlord can be demanding, but the buy-to-let market remains a viable opportunity for serious investors. Our team is here to help you maximise your income and choose the right product to grow your portfolio.
Get in Touch
Whether you’re looking to remortgage, secure a buy-to-let mortgage, or explore other mortgage services, Barrett Mortgages is here to help. Our experienced team will guide you through the process and ensure you find the right solution for your individual needs.
Contact us today to learn more or visit our office in Poole, Dorset. Let us help you achieve your financial goals with confidence and ease.
Barrett Mortgages is a professional finance broker with offices in Poole, Dorset. Founded by Darren Barrett in 2009 during one of the most challenging periods in the financial industry, we have grown by offering unparalleled, clear, trustworthy, and upfront services. Unlike large corporates that rely on high-pressure sales tactics, our focus is on providing individualised and specialist help tailored to each client’s needs.
Our success is built on trust and our strong reputation, bolstered by referrals from satisfied clients. All our staff are fully qualified, experienced, and selected for their dedication to delivering the best possible customer experience. We promise a no-pressure approach and would be delighted to discuss your mortgage or insurance-related needs.
Why Review Your Mortgage?
A recent survey found that 31% of people who rent or have a mortgage spend more than a third of their household income on payments. Even if your payments are lower, finding the best possible mortgage deal can provide a significant boost to your financial well-being and personal wealth.
Lenders often offer attractive introductory rates for new customers, which typically last two to five years. After this, mortgages revert to the lender’s Standard Variable Rate (SVR). At this point, borrowers have three options:
Stay on the SVR: This makes sense if the costs of remortgaging outweigh potential savings.
Remortgage with your existing lender: This may help you secure a better deal without switching providers.
Remortgage with a new lender: This can often lead to substantial savings, depending on market conditions.
It’s worth noting that remortgaging comes with costs, similar to those incurred when you first purchased your property. However, the potential savings could outweigh these expenses, depending on your circumstances.
Buy-to-Let Mortgages
In addition to helping homeowners remortgage, Barrett Mortgages offers tailored advice for buy-to-let mortgages. Whether you’re making a one-time investment or building a property portfolio, our advisors will work with a range of lenders to find the best product for your needs.
Key Features of Buy-to-Let Mortgages:
Specialised Mortgage Requirements: A standard residential mortgage cannot be used for rental properties. Switching a residential home to rental use requires a dedicated buy-to-let mortgage.
Higher Interest Rates: These mortgages typically have higher interest rates than residential ones.
Interest-Only Options: Most buy-to-let mortgages are interest-only, meaning you pay only the interest during the term, not the loan capital itself.
Being a landlord can be demanding, but the buy-to-let market remains a viable opportunity for serious investors. Our team is here to help you maximise your income and choose the right product to grow your portfolio.
Get in Touch
Whether you’re looking to remortgage, secure a buy-to-let mortgage, or explore other mortgage services, Barrett Mortgages is here to help. Our experienced team will guide you through the process and ensure you find the right solution for your individual needs.
Contact us today to learn more or visit our office in Poole, Dorset. Let us help you achieve your financial goals with confidence and ease.
