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Home equity is a fundamental concept that every homeowner in Bristol should understand. It’s not just a term thrown around by mortgage advisors; it represents the real value you have in your property.
Essentially, equity is the portion of your home that you truly own, free from any debt. It’s the difference between your property’s market value and the outstanding mortgage balance.
As you progress in paying off your mortgage, your equity grows, and so does your financial stake in your home.
Understanding how equity works is key when making decisions about your property, particularly if you’re considering remortgaging in Bristol.
Whether you want to make home improvements, consolidate debt, or invest elsewhere, your equity is an asset that can open up various opportunities.
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When we talk about equity in the context of a mortgage in Bristol, we’re referring to the amount of your home that you own outright.
It’s calculated by subtracting your remaining mortgage balance from your home’s current market value. Think of it as the financial interest you hold in your property.
For example, if your home is valued at £300,000 and you owe £150,000 on your mortgage, your equity stands at £150,000.
This £150,000 represents the portion of your property that is entirely yours, and it’s a key figure to know because it influences your ability to borrow against your home, whether for a remortgage in Bristol, home improvements, or other financial goals.
Equity in your home isn’t static; it evolves as you make mortgage payments and as the value of your property changes.
Two primary factors contribute to the growth of your equity: paying down your mortgage and increases in your home’s market value.
As you make regular payments on your mortgage in Bristol, you gradually reduce the amount you owe, thereby increasing your equity.
Additionally, if your home appreciates – due to factors like a strong housing market or improvements you’ve made – your equity will increase even further.
Understanding these dynamics is key to making the most of your equity.
Each time you make a mortgage payment in Bristol, a portion of that payment goes towards paying down the principal – the original loan amount. Over time, as you reduce this principal, your equity grows.
Early in your mortgage, a larger chunk of your payment goes towards interest, but as you continue to pay, the balance shifts and more of your payment starts to chip away at the principal.
This gradual reduction of your mortgage balance not only increases your equity but also decreases the amount of interest you pay over the life of the loan.
The more you pay down your mortgage, the higher the portion of your home that you own, which enhances your financial security and opens up more options for leveraging your equity.
Your home’s value isn’t fixed; it can rise (or fall) depending on market conditions, the state of the economy, and even the specific improvements you make to your property in Bristol.
When your home’s value increases, so does your equity, even if your mortgage balance remains unchanged.
For example, if your property was initially worth £300,000 and it appreciates to £350,000, your equity increases by £50,000, provided your mortgage balance has not increased.
This growth in equity can be particularly beneficial if you’re looking to remortgage in Bristol, as a higher home value can give you more borrowing power and better loan terms.
Building equity in your home isn’t just about owning more of your property; it’s about creating financial stability and flexibility.
Equity acts as a financial cushion, providing you with a safety net during economic downturns and a resource to tap into when needed.
Equity can be used strategically to support various financial goals, such as funding major expenses, investing in other properties, or even bolstering your retirement savings.
By understanding and actively managing your equity, you can better plan for the future and ensure that your home is working for you, not just as a place to live but as a key part of your financial portfolio in Bristol.
Having a significant amount of equity in your home can protect you during times of market volatility.
If property values were to drop, homeowners with more equity are less likely to find themselves “underwater,” a situation where the mortgage owed is more than the home is worth. This is particularly important in uncertain economic climates.
A healthy equity buffer means you’re better positioned to weather dips in the housing market without worrying about owing more than your home’s value. It also offers peace of mind knowing that you have financial leverage if you need it.
One of the advantages of building equity in your home is the ability to borrow against it. This can be done through remortgaging in Bristol or taking out a home equity loan or line of credit.
The funds you access can be used for a variety of purposes, such as renovating your home, paying for a child’s education, or consolidating high-interest debts.
Leveraging your equity allows you to access funds at generally lower interest rates compared to unsecured loans because your home serves as collateral.
This flexibility makes home equity a powerful tool for managing your finances and achieving your financial goals without having to sell your property.
If you’ve built up substantial equity in your home, you might consider using it to invest in additional properties in Bristol or elsewhere.
This could involve purchasing a second home, a buy-to-let property, or even a holiday home. By tapping into your equity, you can secure financing for these investments, potentially growing your wealth over time.
Investing in property using home equity allows you to diversify your assets and create additional income streams.
It’s a way to put your equity to work, helping you build a more robust financial future while taking advantage of the appreciation potential in the property market.
For many homeowners in Bristol, equity represents a significant part of their retirement planning. As you approach retirement, your income may decrease, making it more challenging to cover expenses.
Releasing equity through a remortgage or an equity release mortgage in Bristol can provide the funds needed to maintain your lifestyle, cover healthcare costs, or even travel.
By strategically using your home equity, you can supplement your retirement income without the need to sell your home.
This approach allows you to stay in your home while accessing the financial resources you need during your retirement years.
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Remortgaging is one of the most common ways to unlock the equity tied up in your home in Bristol.
By switching your current mortgage to a new deal, possibly with a different lender, you might be able to release a portion of your equity as cash.
This process often comes with the added benefit of securing a better interest rate, depending on market conditions and your financial situation.
Remortgaging in Bristol can be a smart move if you need to access a large sum of money, whether for home improvements, debt consolidation, or other financial needs.
It’s a way to use your home’s value to your advantage, potentially saving money in the long run by reducing your interest payments or shortening your mortgage term.
To determine how much equity you have in your Bristol home, you’ll first need to get an accurate valuation of your property.
This could be done through an appraisal by an estate agent or using an online property valuation tool.
Once you have your home’s current market value, subtract the outstanding balance on your mortgage from this figure. The result is your available equity.
For instance, if your home is valued at £400,000 and you have £200,000 remaining on your mortgage, your equity is £200,000.
Knowing this figure is important when considering remortgaging or selling your home, as it directly impacts your borrowing power and financial flexibility.
Once you’ve calculated your available equity, the next step is to decide how much of it you want to release. This decision should be guided by your financial goals and needs.
Are you looking to fund a home renovation in Bristol? Pay off high-interest debts? Support your retirement? Each of these objectives will require a different approach to how much equity you release.
It’s important to carefully consider the long-term impact of releasing equity. While it can provide immediate access to funds, it also increases your overall debt, which could affect your financial stability if not managed properly.
Speaking with a mortgage advisor in Bristol can help you weigh the pros and cons and determine the right amount to release based on your situation.
The mortgage market in Bristol is competitive, and there are numerous deals available that cater to different needs, whether you’re looking to remortgage to release equity or simply want to reduce your monthly payments.
It’s essential to shop around and compare offers from various lenders to ensure you get the best possible terms.
When evaluating mortgage deals in Bristol, consider factors such as interest rates, fees, and repayment terms.
A lower interest rate could save you thousands over the life of the loan, while flexible repayment terms might provide the financial breathing room you need.
Working with a mortgage broker in Bristol can simplify this process, as they can access a wide range of deals and help you find the one that best suits your financial goals.
Navigating the mortgage market can be overwhelming, especially with the variety of products and terms available. This is where a mortgage broker in Bristol can be invaluable.
A mortgage advisor works on your behalf to find the best mortgage deal based on your circumstances. They have access to a broader range of products than you might find on your own and can often secure exclusive deals.
Whether you’re self-employed in Bristol, have a less-than-perfect credit history, or are simply looking for the best rate, a mortgage broker in Bristol can guide you through the process, ensuring you understand all your options.
Their expertise can help you make a more informed decision and avoid potential pitfalls that could cost you more in the long run.
Once you’ve decided to remortgage in Bristol, the process begins with finding the right deal and applying for it.
You’ll need to provide documentation to support your application, including proof of income, details of your existing mortgage, and an up-to-date valuation of your property.
The lender will assess your application, taking into account your credit history, income, and the amount of equity you have in your home.
If your application is approved, the new lender will pay off your existing mortgage and set up a new one. This is where you’ll also receive any cash if you’ve opted to release equity.
Remortgaging in Bristol can often be completed more quickly than taking out a new mortgage, as some of the legal and administrative work has already been done.
It’s important to factor in any fees associated with the remortgage, such as early repayment charges from your existing lender or arrangement fees from the new one.
Once your remortgage in Bristol is approved and finalised, you’ll receive the equity you’ve chosen to release.
This amount is typically transferred directly into your bank account after any fees or charges have been deducted.
The cash can then be used for whatever purpose you planned, whether it’s home improvements, debt consolidation, or investing in another property.
Keep in mind that the amount you receive is based on the equity you’ve built up and the terms of your new mortgage.
It’s important to have a clear plan for how you’ll use this money, ensuring it supports your financial goals without compromising your long-term financial security.
Many homeowners in Bristol choose to reinvest their equity back into their property through home improvements.
Whether it’s adding an extension, modernising the kitchen, or landscaping the garden, these upgrades can increase the value of your home and enhance your living experience.
In some cases, the increase in property value from these improvements can even offset the cost of the remortgage.
Home improvements are not only about enhancing your space but also about making your property more appealing to future buyers.
If you’re planning to sell your home down the line, strategic renovations can make it more competitive in the market, potentially leading to a higher sale price.
Another common reason homeowners in Bristol release equity is to consolidate high-interest debts, such as credit cards or personal loans.
By using your home equity to pay off these debts, you can potentially reduce your overall interest payments and simplify your finances by combining multiple payments into one.
Consolidating debt through a mortgage carries risks. Since your home is being used as collateral, failing to keep up with repayments could put your property at risk of repossession.
It’s recommended that you enquire for professional mortgage advice in Bristol before proceeding, to ensure that you fully understand the implications and have a clear plan for managing the new mortgage payments.
Life is full of unexpected expenses, and sometimes, you may need a significant sum of money to cover them.
Whether it’s paying for a child’s university education, covering medical bills, or funding a wedding, accessing your home equity in Bristol can provide the necessary funds without resorting to high-interest loans or draining your savings.
Using equity for major expenses should be done with careful consideration of your long-term financial situation.
While it can provide immediate relief, it’s important to ensure that this decision doesn’t negatively impact your financial stability in the future.
Speaking with a mortgage advisor in Bristol can help you determine if releasing equity is the best option for covering these costs.
For many retirees, their home is their largest asset. Releasing equity through a remortgage in Bristol can provide additional income to support your lifestyle in retirement.
This can be particularly useful if your pension or savings aren’t enough to cover your expenses, allowing you to enjoy your retirement without financial stress.
Equity release in Bristol can be a lifeline for retirees who wish to remain in their homes rather than downsizing.
By unlocking the value of your property, you can access the funds needed to maintain your standard of living, cover healthcare costs, or even travel.
It’s important to weigh the pros and cons and consider how this will affect your estate and any inheritance you plan to leave behind.
There are countless reasons why a homeowner in Bristol might consider releasing equity, beyond the more common uses like home improvements or debt consolidation.
Perhaps you need to support a family member financially, invest in a new business venture, or cover unexpected legal fees.
Whatever your reason, equity release can provide the necessary funds without requiring you to sell your home.
It’s important to approach equity release in Bristol with a clear understanding of your financial situation and goals.
The decision to increase your mortgage should be made with careful consideration of both the benefits and potential risks, and it’s often beneficial to speak with a mortgage advisor in Bristol to explore all your options.
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While releasing equity can provide significant financial benefits, it’s not without risks.
Increasing your mortgage means taking on more debt, which can impact your financial stability if your income decreases or if you encounter unexpected expenses.
It’s important to consider how this additional debt will affect your overall financial picture and whether you’re comfortable with the increased monthly payments.
Another risk to consider is the potential impact on your long-term financial goals. Releasing equity reduces the amount of your home that you own outright, which could affect your ability to sell the property or pass it on as an inheritance.
Additionally, if property values decline, you could end up owing more on your mortgage than your home is worth, a situation known as negative equity.
When you release equity, you’re essentially increasing the amount you owe on your mortgage.
This can have a significant impact on your overall debt levels, especially if you’re using the funds to pay off other debts.
While this can simplify your finances by consolidating multiple payments into one, it also means that your home is now tied to this larger debt, which could increase your financial vulnerability.
It’s important to carefully consider how much additional debt you’re comfortable taking on.
While releasing equity can provide immediate financial relief, it’s important to ensure that you can comfortably manage the new mortgage payments without putting your home at risk.
Even if you’re able to secure a lower interest rate by remortgaging, borrowing more or extending the term of your mortgage could result in higher overall costs.
Over time, the additional interest you’ll pay on the increased loan amount can add up, making the total cost of your mortgage significantly higher than if you had not released equity.
It’s essential to run the numbers and consider the long-term financial impact before deciding to release equity.
While the immediate access to funds can be appealing, it’s important to understand how this decision will affect your finances over the life of the mortgage and whether it aligns with your long-term goals.
One of the potential downsides of releasing equity is the risk of negative equity. This occurs when the value of your home decreases to the point where it’s worth less than the remaining mortgage balance.
Negative equity can be particularly problematic if you need to sell your home, as you may end up owing more than you receive from the sale.
To mitigate the risk of negative equity, it’s important to consider the state of the housing market in Bristol and the likelihood of future property value fluctuations.
While it’s impossible to predict the market with certainty, releasing a smaller portion of your equity or leaving a healthy equity buffer can help reduce the risk of ending up in a negative equity situation.
Before remortgaging in Bristol to release equity, it’s vital to ensure that you can afford the new mortgage payments.
While the prospect of accessing a lump sum of cash can be tempting, it’s important to consider how the increased payments will fit into your budget, especially if your income is variable or if you’re approaching retirement.
Failing to keep up with your mortgage payments can have serious consequences, including damage to your credit score and the risk of losing your home.
Before proceeding, it’s wise to review your financial situation carefully, consider your future income prospects, and speak with a mortgage advisor in Bristol to make sure the decision is right for you.
Equity in your home is a valuable asset that can be leveraged to achieve a wide range of financial goals.
Whether you’re looking to fund a major purchase, consolidate debt, or support your retirement, understanding how to effectively use your equity is key to making informed decisions that benefit your financial future.
By staying informed about the value of your home in Bristol, regularly reviewing your mortgage, and exploring the options available to you, you can ensure that your equity is working for you.
With careful planning and consideration, you can use your home’s value to enhance your financial stability and achieve your long-term goals.
When considering remortgaging in Bristol, there are two primary approaches to consider:
Nowadays, it’s easy to search for mortgage rates online and find the cheapest deal. It’s your responsibility to ensure you qualify for the deal and that it suits your needs.
If you’re comfortable with the terms and conditions, you can search and apply directly online.
For peace of mind, using a mortgage broker is often the best option. Mortgage brokers in Bristol can recommend the best remortgage deal based on your situation.
They have access to exclusive deals and can search the market to find a deal that matches your requirements.
In addition to fixed-rate mortgages in Bristol, there are other products that might be suitable for your situation, such as tracker mortgages and offset mortgages.
Mistakes can be costly, and applying for deals online that you do not qualify for could hurt your credit file in the short term, making remortgaging in Bristol harder.
Accumulating many credit searches and declines within a short time can negatively impact your credit score.
Six months before your current mortgage deal ends is the ideal time to start exploring your remortgage options.
Many lenders allow you to switch to a better deal if rates fall during your remortgage process. A mortgage broker in Bristol can help you with this.
Determine if you want to change your current mortgage terms, raise capital, or adjust your mortgage term. Consider any complexities in your situation.
Reflect on your future with the property in Bristol. Will you be living there for the next five years?
Decide whether a fixed-rate, variable-rate, tracker, offset, or another type of mortgage product suits your needs. For older borrowers, explore products tailored for those over 60 in Bristol.
Once you’re happy with a product, apply for a mortgage through a mortgage broker in Bristol or online.
Submit proof of earnings, bank statements, and identification to your new lender.
You’ll need a conveyancer for the legal work. Many remortgage lenders in Bristol offer this service free of charge.
A valuation will be conducted. Depending on your loan-to-value ratio, this could be a desktop valuation or an in-person visit in Bristol.
The lender might request further checks, such as a survey or inspection in Bristol, based on the valuation results.
If all documents are satisfactory and criteria are met, you’ll receive a mortgage offer.
Completion occurs once the legal process is finished, typically aligning with the end of your existing deal in Bristol to avoid early redemption fees.
Whether you’re navigating the complexities of mortgages as a first time buyer in Bristol or you already have some prior experience with property ownership, the term “mortgage broker” may either ring a bell or remain a mystery to you.
Engaging a mortgage broker in Bristol, especially during a home move, can not only simplify your task but also alleviate the stress associated with the process.
Here, we’ll delve into the key distinctions between utilising a mortgage broker in Bristol and relying on your bank.
Opting for your bank in your mortgage quest means you won’t incur a broker fee, potentially saving you money. However, banks are limited to their in-house mortgage products, whereas a mortgage broker in Bristol can explore diverse lenders to uncover the best product for your needs.
As a mortgage broker in Bristol, we have access to a range of lenders, both high street and specialist, enabling us to seek out competitive mortgage options. During your complimentary mortgage appointment with us, we conduct a free affordability assessment to identify accessible deals for you.
High street banks are often known for extended waiting periods to secure an appointment with a mortgage advisor, posing inconvenience, especially after having an offer accepted on a property.
Mortgage brokers in Bristol, like ourselves, offer flexible availability, allowing you to schedule a mortgage appointment at your convenience, even offering same-day availability on occasion.
If your mortgage application faces rejection from a high street bank, there’s a likelihood that other similar banks may follow suit. Mortgage brokers, with access to various lenders, including specialists, can explore alternatives tailored to your personal and financial situation if you’ve faced rejection.
If credit issues are a concern, our mortgage advisors in Bristol can guide you on improving your credit score and restoring financial stability.
Banks and brokers share a similar turnaround time for obtaining an agreement in principle (AIP). Our mortgage advisors in Bristol can typically secure an AIP within 24 hours of your free mortgage appointment. If the AIP expires, simply reach out to us, and we can promptly renew it for you.
In terms of availability for queries or updates on your mortgage application, banks may not be readily accessible. On the other hand, contacting your mortgage advisor in Bristol is convenient, allowing you to receive quick responses and updates during the potentially stressful mortgage process.
As your dedicated mortgage broker in Bristol, our commitment is to guide you through every stage of your mortgage journey, regardless of your situation – whether you’re a first time buyer in Bristol or a buy-to-let landlord.
Our responsive service gives you the option to book a free mortgage appointment or arrange a call back online, putting you in control of your schedule. Alternatively, give our team at Bristolmoneyman a call, and we’ll connect you with one of our expert mortgage advisors in Bristol.
While the term “remortgage” is a common one among homeowners, understanding its true essence and its impact on your financial well-being is crucial. In this in-depth guide, we will demystify the concept of remortgaging, shedding light on its significance and the benefits it can bring.
In simple terms, a remortgage in Bristol, also known as refinancing, involves the process of transferring your existing mortgage to a new lender or renegotiating the terms with your current lender.
This financial strategy empowers homeowners to customise their mortgage to better align with their current circumstances and financial goals.
Let’s dive into the essential components that make up the concept of remortgaging:
One of the primary motivations for remortgaging is transitioning from your current lender to a new one. This decision may be prompted by the pursuit of a more favourable interest rate, enhanced customer service, or more advantageous mortgage terms.
If you are content with your current lender but wish to modify the terms of your mortgage, remortgaging provides a viable solution. This could involve extending or shortening the mortgage term, transitioning from a fixed-rate to a variable-rate mortgage, or vice versa.
A remortgage designed to release equity is the solution for those aiming to unlock the value they’ve built up in their home. By borrowing against the increased worth of your property, you can access a lump sum or establish a line of credit to fulfil various financial objectives.
Having established the concept of remortgage in Bristol, let’s now explore the motivating factors that drive homeowners to embrace this next stage in their homeownership journey:
When interest rates decrease or if your initial mortgage was secured at a less favourable rate, remortgaging becomes a pathway to accessing lower interest rates, thereby reducing your monthly mortgage payments.
Remortgaging allows homeowners to fine-tune their repayment structure, making it more manageable. For instance, you can transition from an interest-only mortgage to a repayment mortgage or vice versa.
If you’re contemplating a remortgage in Bristol to finance home improvements, it offers a means to secure the necessary funds by leveraging your property’s equity.
Individuals burdened with multiple debts, such as credit card balances or personal loans, can consolidate these financial obligations into a single, manageable monthly payment through a debt consolidation mortgage in Bristol.
Over time, as the value of your property appreciates significantly, remortgaging becomes a conduit to tap into this equity for various purposes, whether it’s financing your child’s education or venturing into additional property investments.
The remortgage process can be intricate and multifaceted, warranting the guidance of a qualified mortgage advisor in Bristol.
They are equipped to provide expert remortgage advice in Bristol, evaluate your financial circumstances, and assist you in identifying the most fitting remortgage solution tailored to your specific requirements.
Understanding the essence of remortgage empowers homeowners to make informed financial decisions. Whether you are in pursuit of reduced interest rates, improved repayment flexibility, or access to your home’s equity, remortgaging stands as a valuable tool to accomplish your financial objectives.
It is imperative to engage in comprehensive research, seek the counsel of experts, and carefully assess your individual circumstances to ensure you make the most judicious choice for your financial future.
When homeowners approach the end of their mortgage term, they have several options to consider, especially in terms of mortgages. The most common approach is to opt for a remortgage in Bristol, which involves taking out a new mortgage to replace the existing one, often with better terms.
That being said, some homeowners may not be looking to obtain better terms. Some may choose to remortgage in Bristol to release equity or for the specific purpose of making home improvements.
Others may prefer an alternative to remortgaging in Bristol, such as switching to a new product with their existing mortgage lender via product transfers. Debt consolidation remortgages in Bristol are another option that we frequently come across.
By taking out a remortgage in Bristol to consolidate debt, homeowners can merge their unsecured debts (such as credit cards and loans) into a single, more manageable monthly mortgage payment, thereby reducing their overall expenses.
Securing unsecured debt against your home is a complicated process that requires expert guidance. Because of this, we would suggest that you look to take out professional mortgage advice in Bristol before proceeding with a debt consolidation remortgage in Bristol.
When you have multiple debts to pay off, such as credit cards, personal loans, or other unsecured debts, it can be overwhelming to keep track of them and make payments on time. Consolidating these debts can simplify your finances and potentially lower your overall interest costs.
One option for consolidating your debts is through a remortgage in Bristol. Essentially, you would take out a new mortgage with a larger balance than your current mortgage, and use the extra funds to pay off your other debts.
This leaves you with a single monthly mortgage payment to make, which can make budgeting and managing your finances easier.
As mentioned before though, remortgaging in Bristol to consolidate debt requires you to have enough equity in your home. Equity is the value of your home that you own outright, meaning it’s the difference between the current market value of your home and the amount of mortgage debt you still owe.
So, if your home is worth £300,000 and your outstanding mortgage balance is £200,000, your equity is £100,000.
Lenders typically require a certain amount of equity in your home in order to approve a remortgage for debt consolidation. The exact amount varies depending on the lender and other factors, but it’s typically around 20% to 25% of the home’s value.
It’s also worth noting that remortgaging in Bristol to consolidate debt can have some downsides. While it can simplify your finances, it also means you’re taking on more mortgage debt and potentially paying interest on that debt for a longer period of time.
This can lead to higher overall costs in the long run, so it’s important to carefully consider the pros and cons before deciding if this is the right option for you.
Overall, if you’re considering remortgaging in Bristol to consolidate debt, it’s a good idea to speak with a mortgage advisor who can help you understand your options and determine whether it’s the best choice for your financial situation.
Whether it’s actually viable to remortgage in Bristol before the end of your term will depend on how far into your current mortgage deal you are.
In general, people tend to begin the remortgage process around 6 months before their current deal ends, allowing for a seamless transition from one deal to another, however, remortgaging earlier than this can be costly.
If you attempt to remortgage in Bristol too soon, you may be subject to an early repayment charge, which can be expensive. For example, if you’re only 2 years into a 5 year fixed-rate mortgage, you’re likely to incur such a charge.
While it may be worthwhile in some circumstances, keep in mind that you’d be spending a significant amount of money to terminate your existing mortgage deal, which may be more cost-effective for you overall.
Additionally, the funds you use to pay the early repayment charge could have been directed towards your debts instead.
Ultimately, whether or not it makes sense to remortgage early will depend on your individual situation. It’s always recommended to speak with a mortgage advisor in Bristol before making any decisions, as there may be better options available to you, such as a further advance.
If you need to borrow additional funds from your current mortgage lender, a further advance could be a suitable option. This form of borrowing typically involves obtaining extra money at a different interest rate than your primary mortgage.
A further advance is a good alternative to a remortgage in Bristol, particularly for home improvements.
It’s important to understand though, that it may not be the best option for debt consolidation. It’s important to keep in mind that by securing this additional debt against your property, you run the risk of falling behind on payments and potentially facing repossession.
On the other hand, a further advance could be an option to pay off your debts if you’re not yet eligible for a remortgage in Bristol, such as if you’re still in a fixed or introductory period.
To determine the best course of action for your situation, it’s recommended to speak with a mortgage broker in Bristol. They can help you evaluate all of the available options and make an informed decision.
Like any mortgage option, remortgaging in Bristol to consolidate debts comes with both benefits and risks.
The most significant benefit is that you can lower your overall monthly payments by consolidating your debt into one manageable mortgage payment. By doing this, you’ll no longer have to make separate monthly payments to credit providers.
It’s important to keep in mind though, that by increasing your mortgage amount, you’ll be paying back more over a longer period of time. This could reduce your disposable income, but it could also allow you to have more money to put towards your mortgage payments or other expenses.
While the mortgage interest rate will likely be lower than that of a personal loan, consolidating your debt through a remortgage in Bristol can still be more expensive in the long run. This is because you’ll be paying the lower interest rate over a longer period of time.
Moreover, by consolidating your unsecured loans into your mortgage, you are putting your home at risk. If you fall behind on your payments and default on your mortgage, you could face the possibility of losing your home through repossession.
Given these risks, it’s crucial to carefully consider whether consolidating your debts through a remortgage in Bristol is worth it. It’s recommended to speak with a mortgage advisor in Bristol ahead of time, to explore all available options and ensure that you are making an informed decision.
The big question here is whether you should remortgage to consolidate debt or not. The answer to this question is entirely dependent on your personal situation.
Although taking this route is undoubtedly risky and should only be considered in very specific circumstances, it can still prove to be beneficial and help you to improve your financial state.
It’s important to look at taking expert mortgage advice in Bristol before making any brash decisions.
Our mortgage advisors in Bristol are always available to discuss these kinds of mortgage options with you during your free mortgage appointment. They will also recommend alternatives if there are any available to you.
You should think carefully before securing other debts against your home. By adding your unsecured debts to your mortgage, which is secured on your home, you are potentially putting your home at risk if you cannot make the required repayments.
Although the total monthly cost of servicing your debt may have reduced, the total cost of repayment may still have risen as the term of your mortgage is longer than it may have taken to repay the debts originally.
Anyone who is already the owner of a property, whether they are the owner of a family home or a buy to let in Bristol, will see their property as an investment. It’s not just about creating a home, it is the largest asset in your possession, something you might pass through generations or eventually sell for a profit.
The property market is changing all the time and there will be both peaks and troughs. There will no doubt be times during your mortgage term, that you see property prices soaring.
During periods of time such as these, it can be a great idea for you to you to start looking at your options for a remortgage in Bristol, as in some cases you may find that you can access a far better loan to value (LTV) and in turn, better interest rates for your mortgage.
Loan to value (LTV) is a percentage that represents the relationship between the amount of mortgage you take out and the value of the property you are purchasing.
For instance, if you buy a property for £100,000 and put down a deposit of £10,000 (which is 10% of the property value), you would need to obtain a mortgage with an LTV of 90%.
Mortgage loan to values will typically be broken down into tiers or brackets. We find that the lowest bracket will typically be around 60%, with the highest being 95%. The tiers or brackets that are offered will be a little different, depending on the mortgage lender.
The lower your loan to value ratio is, the more competitive rates of interest you will be able to come across in the mortgage deals that are available to you.
Using the above example and moving forward some years, your property value might have increased to £110,000, with the initial mortgage balance of £90,000 coming down to £80,000. This means you have come down to a 73% loan to value.
What this means here, is if you were to take out a remortgage in Bristol, you would probably be looking at a 75% loan to value mortgage, which would likely have far more competitive interest rates.
Of course other factors such as the current condition of the market, also impacts this rate when you remortgage. The reason these mortgages tend to have better interest rates, is due to you being less risk to a mortgage lender.
In order for you to access a better rate of interest or a better term, it’s also important for you to figure out what the value of your property is and if it is more than you actually paid for it. This means having a valuation taken out on your home.
When you take out a remortgage in Bristol, you will be taking out a mortgage with a new mortgage lender, which works differently to a product transfer, where you switch to a new deal but stay with the same mortgage lender.
Again, if you take a look at the risk to mortgage lender, because you are with a new mortgage lender, they will definitely want to double check the value of the property of the value they are going to be lending against. You will typically find one of two valuations taking place.
The first valuation type you may come across, is an Automated Valuation Model (AVM), also called a desktop valuation. With this, there won’t be a physical visit, with it instead using a database that analyses similar properties nearby, in order to determine a general value.
The other type of valuation that you will see, is a physical valuation. This is where a chartered surveyor will actually come out and visit your home, to inspect the inside and outside, in order to give a much more accurate property value.
A physical valuation can be especially useful for homeowners who have had any home improvements or extensions done, that similar properties nearby won’t have, which could be missed by an AVM. This is something you can ask your mortgage advisor in Bristol about, during your free appointment.
Whilst the equity in your home can be often used as a way for you to access a better mortgage deal, in some cases we see that many instead will look to remortgage to release equity. There are a lot of reasons for this, such as those who may remortgage in Bristol for home improvements.
When it comes to taking out a remortgage to release equity, you must make sure that you plan carefully. In almost every situation, you will have a new mortgage that replaces the old one (as remortgages work that way), with you actually moving on to a higher loan to value.
Because you will have a much higher loan to value, it is very likely that you will see yourself with higher monthly mortgage payments to cover.
Many homeowners hope that by investing in these home improvements, you will see the value of your property increasing. This means that when it comes to taking out your next remortgage, you will theoretically see it on a lower loan to value again.
It’s all about making sure that you keep your eyes on the markets and that you have a very carefully thought out plan of action, especially when you have such a large financial investment in your home. A mortgage advisor in Bristol can be advise on how to approach this process.
Depending on your circumstance, you may find that you want to remortgage in Bristol early. Whilst a remortgage in Bristol typically takes place a few months prior to your fixed-period ending, this is not considered “early”. Some may instead look to remortgage even a whole year before that point.
The downside to taking out a remortgage early, is that in almost all cases, you’ll find that you will be responsible for taking out an early repayment charge (ERC), as on a technicality, you will have broken your contractually agreed terms.
House prices can be difficult to predict and navigating the market can be a challenge in itself, when you never quite know what it is going to look like. Whilst it could look like a great idea, it may not be a great idea for you financially to go forward with an early remortgage in Bristol.
People will only usually leave their mortgage early if they have an appropriate reason to do so, though we would always absolutely suggest that you speak with a mortgage broker in Bristol on board if this is definitely a route you want to go down.
An example could actually be the COVID-19 pandemic, where the Bank of England base rate fell down to record lows. Because of these events, people who were about due to remortgage in Bristol once their fixed-rate period ended, were able to inherit those rates and benefit from it.
If you still had to wait a year for this, you potentially wouldn’t reap these benefits, unless you had remortgaged early and fixed-in for longer. This is a pretty niche example from an anomaly in time, especially when there were mortgage lenders pulling products, limiting options for customers.
Even with that in mind though, it demonstrates a circumstance in which an early remortgage in Bristol could be a financial benefit. If your home has gone up in value, you may also see the benefit in an early remortgage, as the costs saved long-term from a lower LTV, may outweigh other costs.
As discussed though, one of those costs will likely be an early repayment charge (although a product transfer with the same mortgage lender could see this waived), as well as you having to pay possible arrangement, valuation and solicitors fees on the new mortgage you move on to.
If you are able to prove that the money you can save will definitely outweigh this, it may be an option worth looking at if you have to, though you should always discuss with a trusted mortgage broker in Bristol to understand the pros and cons first, before making a decision.
This is an age-old question that we find ourselves asked about all the time from both existing homeowners and budding home buyers alike. The answer is always entirely dependent on how the market is performing at any one time.
In order to keep yourself up-to-date with how the market is currently performing, including any changes to interest rates, government schemes and more, take a look at our “Mortgage Market Update” playlist on YouTube. We regularly post mortgage market updates as and when news comes out.
Mortgage rates are basically just the standard rate of interest that a mortgage lender will look to charge you against your mortgages balance.
This interest rate will be a contributing factor to your overall monthly mortgage costs. If you have lower interest rates, it’s likely that your monthly mortgage payments will be much lower also.
There are numerous factors that will go towards determining your mortgage rates, some you can control, some you cannot.
One of these factors that you definitely will be able to have control over, are the personal aspects of qualifying for a mortgage. Things like what your credit score is or how much deposit you have saved and can put towards the purchase of a property.
Typically speaking, the lower the risk, the better the rates.
As an open & honest mortgage broker in Bristol, we have the ability to run through your case, looking to find the most suitable mortgage deal for your home ownership plans. Our trusted mortgage advisors in Bristol ae able to search across 1000s of deals, including specialist one, for you.
What it all boils down to though, is how the market is performing at that particular time, as well as the state of the economy and position of the Bank of England base rate. A well-performing economy will usually see a higher demand for both goods and services, including properties as well.
In turn, higher demand usually means that the Bank of England base rate will rise, which will also see mortgage rates following suit. This is because mortgage rates that are set by your mortgage lender, will be at a percentage sitting above the Bank of England base rate.
Whilst having a better performing economy would mean people can theoretically afford more, mortgage lenders don’t have unlimited funds.
What this means, is that when the Bank of England base rate goes up, the cost of borrowing for a mortgage lender will also go up, which in turn sees mortgage rates also increase to a point where a mortgage lender can cover the cost of their own borrowing.
When the economy isn’t performing too well, this all work completely the opposite.
People will typically be unable to afford as much, which means interest rates will have to come down as a way to try and entice potential customers onto the property ladder, with the promise of possibly lower monthly mortgage payments.
As we have discussed above, one of the primary factors that can impact your mortgage rates, is the Bank of England base rate. As a general rule, a mortgage lender will set their own rates at a percentage above the base rate. This means fluctuations can take place, as the base rate rises and falls periodically.
Another factor that can impact the Bank of England base rate and see it fluctuate, is inflation. The UK government have a specific target that they like to reach, in order to make sure the cost of living is affordable for everyone. Unfortunately, these targets are not always met.
In situations such as these, we may see the cost of living going up. Unlike the typical cause and effect of seeing a stronger economy meaning people can afford more, when this happens, many are left in financial positions that are less than favourable, struggling to get onto the property ladder.
This is also unfortunate news for homeowners who have fixed-rates that are coming to an end. Someone may have, for example, fixed in at an incredibly low percentage, only to come out of their fixed-rate and be set to inherit double what it was before.
Having the help of a mortgage broker in Bristol here, can be truly beneficial.
The Bank of England base rate, generally speaking, will always fluctuate, though it’s not often by much. Tracker mortgages are a type of mortgage that will mirror the Bank of England base rate, sitting at a percentage above it and fluctuating alongside it.
This can be a great mortgage type when interest rates are sitting rather low, though when the rates go up, you could see your mortgage payments changing suddenly, making this a mortgage type without guaranteed consistency.
Whilst tracker mortgages can still be great for some people (your mortgage advisor in Bristol will help you to determine which mortgage deal is best for you), some may argue that a better option could be a fixed-rate mortgage.
These are always the more popular options and allow for customers to lock-in to whatever the interest rate is at that time, for a chosen duration. For example, if you lock-in at a 4% interest rate for 5 years, even if within the next year it jumps up to 6%, you’re still only going to be paying 4%.
On the other hand, if you locked-in for 6% and then it dropped to 4%, you’d be paying more than other homeowners and home buyers would. This is why for many, we see them fixing in for 2-5 years, in order to gauge how rates are changing and to make sure they are always on the best mortgage deal.
When you’re in periods of economic uncertainty, fixed-rate mortgages can provide consistency and ease stress for homeowners. You will have the freedom to choose your own fixed-period duration, which as we said is usually 2-5 years, though we do see customers choosing 7 or even 10 year fixed-rates.
The possibility of coming out a fixed-period into higher interest rates, can actually lead many to remortgage in Bristol earlier than they otherwise would, paying an early repayment charge, to fix-in for a rate that, whilst higher than they had, is much less than it is projected to be by the time their deal ends.
The answer to this is entirely dependent on the way that interest rates possibly change, as well as how your personal circumstances also are set to change. As we have discussed above, there are also personal factors that can have an impact on how mortgage rates possibly change.
Home buyers who have higher deposits may be able to open themselves up to a lower loan-to-value, which in turn can allow them to access much lower rates of interest.
If you find that you are currently in that situation, having taken out a mortgage with lower interest rates, you may wish to take out a fixed-rate mortgage for 5, maybe 10 years, in order to truly reap the benefits of your lower interest rates.
Of course this very much depends on circumstance and 10 years is a long time to wait.
In 10 years, you could see lots of things change; Interest rates could drop significantly lower than you were able to fix-in for, meaning you are paying much more than you would have if you’d only fixed-in for 2 years, remortgaging onto the lower rates much sooner.
A trusted and experienced mortgage broker in Bristol will work to ensure you are well prepared for your mortgage process and help you to make an informed decision. Using our knowledge, we will do everything we can to help you succeed.
Interest rates can change when you least expect them to, depending on how the economy is performing, as well as the state of the market and the Bank of England base rate. Pairing this up with your own personal factors, you might be a little uncertain about what to do next.
By getting in touch with us for expert remortgage advice in Bristol if you’re nearing the end of your initial mortgage deal, or first time buyer mortgage advice in Bristol if this is your first time buying a property, you will have the help of a qualified mortgage advisor in Bristol, who will find you the best deal.
We always want the best for all of our customers, working alongside you to make sure you are well protected from potential future interest rate rises, if we can do so. If the cost of living is concerning to you, a fixed-rate mortgage might be your best option.
Book yourself in for a free mortgage appointment or remortgage review today, and we will see how we can help, recommending the most suitable mortgage option for you.
Making an initial step onto the property ladder for the first time, or taking the next step once your fixed term ends, can make you feel a little nervous from time to time.
There are lots of different routes that homeowners and home buyers can take, but if you can help it, it would be ideal to get it right the first time, especially when you’re dealing with a large amount of money.
Of course, we are strongly in the belief that our service as an open and honest mortgage broker in Bristol, will be beneficial to anyone who is going through their mortgage process, especially if you are a first-time buyer in Bristol.
Whilst we have confidence in our ability to help out our customers, we are also fully aware that it is not necessarily for everyone. Some may even be unsure of how exactly we can help.
With this in mind, we have compiled a balanced overview of why in some cases you might be better off getting in touch with a mortgage broker in Bristol, and how in some other cases, going direct might be your best choice.
It is the opinion of many, that you are a lot more likely to save some money by going directly to the bank and finding a mortgage deal yourself. There is indeed merit to this, as a mortgage broker in Bristol may charge you a fee, though this is circumstantial and depends on who you speak to.
If you are already experienced in finding your own mortgage, have a pretty simple case and have a knowledge of lender criteria, going it alone will probably be easier and more cost-effective.
Where a mortgage broker stands out, is the ability to help people with complex cases or those who don’t understand lender criteria.
Without the correct, up-to-date knowledge, you could possibly end up with a bad deal, or even being unable to successfully apply for a mortgage deal. In any case, this could cost you a lot of money or damage your credit score. The latter would in turn hinder your chances of applying for a mortgage at any point in the future.
A dedicated mortgage advisor in Bristol will always make sure that they get their recommendation right the first time, at the cheapest deal that is available to you. Again, this may entail you having to pay a service fee, though it will likely save you a lot more money in the long term.
Another point of view that customers who are older may think is a benefit of going to the bank directly, is the way you used to be able to get a mortgage. Prior to technology and online banking becoming a big deal, generally you would be a loyal customer of a local branch, typically speaking with the same members of staff.
When you wanted to apply for a mortgage, you would converse with the bank manager themselves. They would “know your finances like the back of their hand”, and would be the ones to personally approve a mortgage for you. Times have changed though, and credit scoring is now done via digital means.
The bank manager will no longer personally go through your case. Instead, your information will be put against a complex online system, to find out if you qualify for that mortgage. Nowadays, everyone gets the same chance as each other, no matter who your bank is.
Relating to the previous point, many are in the belief that there are better, exclusive deals only by going to the lender direct. Once again, there is an element of truth to this, but it is only part of the story. See, a lender can indeed offer great deals, but only deals that are from their own company.
One of the main problems here is that not all mortgage lenders are actually banks, meaning there are lots of options outside of what you are familiar with. The best deal you could get with your bank, might not be the best deal overall that you could’ve had access to.
That’s another benefit of enquiring for mortgage advice in Bristol. A trusted and experienced mortgage advisor will be able to take a look at your case, and have you matched up with a suitable deal from one of our panel of lenders, rather than one place.
It’s also worth mentioning that there may also be deals that can only be found with a mortgage broker in Bristol. Regardless of if you’re a first-time buyer, are considering your options for a remortgage in Bristol or have a complex case, a mortgage broker will have more options for you.
Following on from the 2007-08 credit crunch, the mortgage market was in dire need of a change. As was outlined in the 2014 Mortgage Market Review, lenders no longer had the ability to sell mortgages to customers on a non-advised basis.
This meant that you couldn’t just approach the bank, tell them you want a mortgage and be approved without any prior checks. You also couldn’t obtain a mortgage from any member of staff, as this used to happen regularly, whether they were qualified or not.
Further to this, these changes also introduced consumer protection, that you otherwise wouldn’t have gotten from the bank.
You now had the right to make a complaint to the Financial Ombudsman if you felt mis-advised for one reason or another. You also have the ability to make a claim via the Financial Services Compensation Scheme.
This is positive thing for both mortgage brokers and mortgage lender alike, as this means no matter who you choose to speak to or what your circumstances are, you’ll be safe, secure and advised professionally.
An area where a mortgage lender has the disadvantage, is that oftentimes it can quite literally take months to speak book an appointment. Once you can eventually speak to someone and kickstart your journey, you’re not always guaranteed to be kept up-to-date about your case progression.
A unique selling point here at Bristolmoneyman, is that we are able to speak with customers at a time that is convenient to them. Our mortgage advisors in Bristol work from early until late, 7 days a week, including weekends. We may also work on some bank holidays too!
If you’re quick enough and lucky enough, you might find that you can book an appointment on the same day, though you don’t always have to do that. If you would like to speak with someone in a few days time, you have the freedom to book a slot in advance!
We are here at time slots that best suit your lifestyle. If you work 9-5 and want to speak with someone in the evening, we can do that too! Using our online booking feature, it has truly never been easier to get in touch with a qualified mortgage advisor!
In addition to this, we are proud of our ability to be responsive with our customers. No matter what stage of your mortgage journey you’re in, we will always make sure you’re up-to-date. If your case changes at any point, your advisor will inform you as soon as they can.
It’s because of expert mortgage brokers in Bristol like us, who are able to offer a high level of customer service, that the public opinion of mortgage brokers has differed over the years. This has led to more and more people getting in touch with a local mortgage expert, instead of going to a big high street bank.
Sometimes a mortgage case may be a little more complex than the average case. Common examples of this that we have come across over the years, include (but are not limited to);
In the past, mortgage lenders were able to easily compete, by offering better deals than the others. Times have changed though, and now the main difference in choosing a deal, is whether or not you match their strict criteria.
A deal could be cheaper, but you may not qualify for it. The mortgage lender will perform either a hard credit search (leaves a footprint on your credit file) or soft credit search ( this leaves less of a footprint on your credit file), to see if you pass eligibility checks for that mortgage.
If you apply for a mortgage with a lender and are declined an agreement in principle, this will likely cause harm to your credit file. Worst of all, you probably will not be given a reason for why you were declined, which can be understandably disappointing and frustrating.
On the other hand, a trusted mortgage broker in Bristol will be able to take a look at your case beforehand, making sure everything is correct and prepared, informing you of any other steps you should take to better your chances of being accepted for the mortgage.
Using the lenders that we have on panel, you’ll be matched up with deals that you could be eligible for and we’ll look to get you agreed in principle. Obtaining your agreement in principle through Bristolmoneyman typically takes no more than 24 hours of your free mortgage appointment with one of our advisors.
Of course, this still doesn’t mean you are certain to receive an AIP, nor does it guarantee that you will get a mortgage, but it is a lot better for your credit file to have an expert analyse it beforehand. As expert mortgage advisors in Bristol, we always look to make the right recommendation first time.
At the end of the day , it’s your choice. As you can tell from the information above, there are both pros and cons to choosing a mortgage broker in Bristol. Conversely, there are also a lot of pros and cons to going direct with a lender. It all comes down to how quick of a service you would like, and how secure you want to be on your journey.
As a trusted mortgage broker in Bristol, led by 20+ year industry expert Malcolm Davidson, we have helped thousands of customers to achieve their mortgage goals. From first time buyers in Bristol taking a step onto the property ladder, to people reaching the end of their initial fixed period, looking to remortgage in Bristol, it’s safe to say we’ve seen it all.
To get in touch with a responsive, open & honest, FCA regulated mortgage team of experts, feel free to book yourself in for a free mortgage appointment or remortgage review, with a member of our amazing mortgage advice team. We’re here to help with all your concerns and queries during your process, with time slots that are convenient to you, subject to availability.
If you would like to learn more about our service, take a look at our genuine customer reviews. They are an amazing reflection of the service levels we provide our customers regularly. If you would like to learn more about the mortgage world, take a look at our YouTube Channel, MoneymanTV.
Yes, there is most likely an option where you can have two mortgages as there are many situations that require a person to have more than one mortgage. Our Mortgage Advisors in Bristol can typically help with this.
If you have equity in your home and are looking for a second mortgage to release some of this to fund a purchase, then we may be able to help.
This situation is known as a further advance. A further advance is when you borrow more from your current lender to fund something like home improvements or a second mortgage.
The amount that you can borrow from them will depend on the amount of equity in your property. Your lender will need strong evidence to prove that you can afford both mortgages. Our mortgage advisors in Bristol can access competitive second mortgage deals and options through our large panel of lenders.
If you are looking to move house but keep hold of your existing property with the view to let it out, we may be able to help. Your second mortgage will be a new residential one.
If you are exploring the options available to you of helping your children or grandchildren with getting on the property ladder, there are now many products that we can run through to achieve this.
If you are looking to purchase a Buy to Let our Mortgage Advisors in Bristol will advise you on the best way to go about this. You will get asked to produce a higher deposit for this than a residential mortgage.
Are you currently named on another mortgage and would like to purchase a new property? In any case, this is a situation that our Mortgage Advisors in Bristol come across regularly, mainly due to divorce or separation and we are often able to help.
Whatever your situation is to get a second mortgage. As an Experienced Mortgage Broker in Bristol, we can search 1000’s of mortgage deals on your behalf. Additionally, recommend the most suitable product for you based on your situation.
As a dedicated mortgage broker in Bristol, our job is to support you through your mortgage process from beginning to end, making it a stress-free and easy-going experience. We aim to find you the most suitable mortgage product tailored to your specific financial and personal circumstances.
We feel the customer should know exactly how our service works and what different order parts of the process come in. So, to give you an insight into our process and how it works, we have put together a handy guide that we think you will find helpful.
First of all, once you have contact and speak to one of our responsive teams or book yourself in for a free mortgage appointment, they will take some details from you. This is to help build a profile to get a picture of who you are and what you’re looking to do. All this information will help us, partner, you up with a suitable mortgage advisor in Bristol.
During your free consultation with your dedicated advisor, they will ask you a few more questions. This will give them a closer look into your mortgage needs. From here on out, this advisor will help you find the ideal mortgage deal for you!
If they manage to find you a great deal that benefits both your personal and financial situation and you’re happy to take it up, we are ready to continue to step 3.
This step continues right after your consultation. Your advisor will arrange a mortgage agreement in principle (AIP) for you within 24-hours of your consultation.
Having an agreement in principle in place early on in the process is crucial. It shows a seller that a lender is willing to let you borrow from them. Of course, this can provide evidential documents to back up your income and credit score.
During this part of the process, if you haven’t already found a home to make an offer on. You can start hunting for houses with your agreement in principle to back up any offers.
After your agreement in principle is in place, we’ll begin collecting evidential documents from you to back up your mortgage application. This will include things like payslips, bank statements, photographic ID. These documents and the amount that you need to supply do vary if you are a self-employed applicant.
As soon as everything looks good on our end, we can move to the mortgage application submission stage!
We will only submit your mortgage application if we know that you’ll pass your lender’s credit scoring criteria; we don’t want it to be declined. Once your application is with your potential lender, it’s just a waiting game now. During this time, we’ll be regularly informing you on the progress of your mortgage application.
As soon as we get the green light, we will be in touch straight away to give you the confirmation that you’ve had your mortgage application accepted. Congratulations, you’re now on the road to moving into your new home!
At Bristolmoneyman, we want you to have the most straightforward mortgage process possible and come out with a great mortgage deal. However, we also deal with complex cases, so if you are struggling to get a mortgage through the traditional mortgage route, our service is in place to offer help when needed.
Our mortgage advisors in Bristol have been helping customers overcome complex cases for over 20 years now. We have had customers in the past who been turned away from their bank, and we’ve still been able to get them a mortgage offer. We love a good challenge, and our team would love to help anyone struggling with a complicated mortgage situation.
Now that you’ve learnt more about our service, it’s your job to get in touch. We are available 7 days a week. Book your free mortgage appointment today to speak to an experienced Mortgage Advisor in Bristol today.
Customer service means everything to us, and we want to ensure that you’re delighted with every part of our service. But, of course, it would help if you took advantage of our free consultation. So whether you’re a first time buyer in Bristol or moving home in Bristol, we recommend getting in touch now.
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UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Bristolmoneyman.com & Bristolmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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