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Monday 1 February 2021
Monday 1 February 2021
Monday 1 February 2021
Monday 1 February 2021
At Barrett Mortgages, we have a professional team of finance brokers dedicated to helping everyone—from first-time buyers to self-employed individuals and beyond—secure the right mortgage.
We understand that the high-pressure sales tactics of large corporations can be frustrating. That’s why Barrett Mortgages was founded by Darren Barrett in 2009, during one of the most challenging periods in the industry. Our commitment to providing clear, trustworthy, honest, and upfront service has helped our business thrive, especially when clients have needed personalised and specialist support.
Our fully qualified and experienced staff are handpicked for their dedication to providing the best possible customer experience. With no pushy sales tactics, we’ve built a strong reputation based on referrals from happy clients—a testament to the quality of our service.
Helping First-Time Buyers
One of the key mortgage services we offer is for first-time buyers. If you’re looking to purchase your first home, we have plenty of valuable tips to help you prepare before you even start viewing properties.
We understand that getting onto the property ladder is a key goal for most people, but it can also feel like a daunting task. Conflicting advice from various sources can make it difficult to know the best course of action. That’s where we come in—to provide you with clear, expert advice tailored to your unique situation.
Our advisors will guide you through the entire process, ensuring you’re fully prepared and confident every step of the way. Buying your first home is an experience you’ll never forget, and planning ahead can give you a significant advantage in securing the property you truly want.
The Importance of Saving for a Deposit
When saving for your first home, building up the largest deposit you can is crucial. Lenders expect borrowers to contribute a deposit, as this acts as their protection.
When deciding whether to approve a mortgage application, lenders consider potential challenges you might face during the term of the mortgage. These could include:
Temporary declines in property value
Periods of unemployment
Reduced income or disposable income
A larger deposit reduces the lender’s risk and often results in better terms for the borrower.
Exploring Help to Buy Schemes
You may also want to explore government Help to Buy schemes. With these schemes, you’ll need only a 5% deposit. The government can lend up to 20% of the property’s purchase price, leaving you to secure a mortgage for the remaining 75%. This can be an excellent way to make homeownership more accessible.
Supporting Property Investors
If you’re looking to invest in property or become a landlord, we can guide you through the entire process. Whether you’re expanding an existing portfolio or making a one-time investment, we’re here to help.
Key Features of Buy-to-Let Mortgages
Interest-Only Option: Many buy-to-let mortgages are interest-only, meaning you pay only the interest each month. The loan capital is repaid at the end of the agreement, often by selling the property. Any profits from the sale can be retained by you as the seller.
Tailored Advice: We’ll help you navigate the complexities of buy-to-let investments, ensuring you make informed decisions that align with your financial goals.
Get in Touch
If you’re interested in expert advice and tailored solutions for your mortgage needs, our team of advisors is here to help. Whether you’re a first-time buyer, a self-employed individual, or an investor, we’ll guide you every step of the way.
Contact us today, and take the first step toward achieving your property goals. Don’t forget to explore the rest of our website for more information about our services!
At Barrett Mortgages, we have a professional team of finance brokers dedicated to helping everyone—from first-time buyers to self-employed individuals and beyond—secure the right mortgage.
We understand that the high-pressure sales tactics of large corporations can be frustrating. That’s why Barrett Mortgages was founded by Darren Barrett in 2009, during one of the most challenging periods in the industry. Our commitment to providing clear, trustworthy, honest, and upfront service has helped our business thrive, especially when clients have needed personalised and specialist support.
Our fully qualified and experienced staff are handpicked for their dedication to providing the best possible customer experience. With no pushy sales tactics, we’ve built a strong reputation based on referrals from happy clients—a testament to the quality of our service.
Helping First-Time Buyers
One of the key mortgage services we offer is for first-time buyers. If you’re looking to purchase your first home, we have plenty of valuable tips to help you prepare before you even start viewing properties.
We understand that getting onto the property ladder is a key goal for most people, but it can also feel like a daunting task. Conflicting advice from various sources can make it difficult to know the best course of action. That’s where we come in—to provide you with clear, expert advice tailored to your unique situation.
Our advisors will guide you through the entire process, ensuring you’re fully prepared and confident every step of the way. Buying your first home is an experience you’ll never forget, and planning ahead can give you a significant advantage in securing the property you truly want.
The Importance of Saving for a Deposit
When saving for your first home, building up the largest deposit you can is crucial. Lenders expect borrowers to contribute a deposit, as this acts as their protection.
When deciding whether to approve a mortgage application, lenders consider potential challenges you might face during the term of the mortgage. These could include:
Temporary declines in property value
Periods of unemployment
Reduced income or disposable income
A larger deposit reduces the lender’s risk and often results in better terms for the borrower.
Exploring Help to Buy Schemes
You may also want to explore government Help to Buy schemes. With these schemes, you’ll need only a 5% deposit. The government can lend up to 20% of the property’s purchase price, leaving you to secure a mortgage for the remaining 75%. This can be an excellent way to make homeownership more accessible.
Supporting Property Investors
If you’re looking to invest in property or become a landlord, we can guide you through the entire process. Whether you’re expanding an existing portfolio or making a one-time investment, we’re here to help.
Key Features of Buy-to-Let Mortgages
Interest-Only Option: Many buy-to-let mortgages are interest-only, meaning you pay only the interest each month. The loan capital is repaid at the end of the agreement, often by selling the property. Any profits from the sale can be retained by you as the seller.
Tailored Advice: We’ll help you navigate the complexities of buy-to-let investments, ensuring you make informed decisions that align with your financial goals.
Get in Touch
If you’re interested in expert advice and tailored solutions for your mortgage needs, our team of advisors is here to help. Whether you’re a first-time buyer, a self-employed individual, or an investor, we’ll guide you every step of the way.
Contact us today, and take the first step toward achieving your property goals. Don’t forget to explore the rest of our website for more information about our services!
