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Whether you’re a first-time buyer, are moving home or are entering the buy-to-let market, searching for a mortgage can be intimidating and confusing. Often, applicants don’t get the best possible deal because they have only explored a limited number of mortgage products.
At Home Financial, we have access to thousands of mortgage products, and by getting to know you, your circumstances and what you’re looking for, we can direct you to the right deal. That’s the case whether you’re just setting foot on the property ladder or are looking to release the cash your home is worth through remortgaging.
First-time buyer mortgages
Nothing feels as liberating as buying your first home, but few prospects are so daunting at the same time.
You’ll normally be expected to pay a higher deposit than a home mover would, and the more you can afford, the better. This can be a stumbling block for first-time buyers, but on the positive side, there is support available. We can talk you through some of the options that may assist you, such as the Help to Buy scheme, Lifetime ISA and starter home schemes.
The reason for remortgaging is almost always to free up cash, whether that’s to fund home improvements, buy another property, pay off debts or simply have more money at your immediate disposal.
If can be great option for homeowners if done for the right reasons, but it pays to have expertise on your side. We can offer you knowledge and reassurance as you navigate the process of remortgaging.
For more of our advice on this subject, listen here:
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage
You may have to pay an early repayment charge to your existing lender if you remortgage
Home mover mortgages
Moving home can be both exciting and stressful, so you want the mortgage process to go as smoothly and favourably as possible.
The good news is that movers are generally not expected to stump up as high a percentage for a deposit as a first-time buyer would be, so there are instantly likely to be more options open to you. We can scour through these deals to find the best ones for you.
If you have a good credit history and cash to spend, entering the buy-to-let property market can be a real asset for decades to come, but it’s important to fully understand what you are investing in.
As with all mortgages, buy-to-let investors who head straight to the bank only get directed to a limited number of options. By instead using the services of a broker like us, you instantly benefit from access to the whole of the market and have assistance from somebody interested in finding the right deals for you, not the lenders.
Not all Buy to Let Mortgages are regulated by The Financial Conduct Authority