The best thing about our job as a Mortgage Broker in Bristol is helping our clients navigate through the often stressful experience of buying a home or remortgaging. It can be a complicated process and our clients love having someone on their side from start to finish to ensure they get the right advice.
We do pride ourselves on providing a highly responsive service, communication is everything in this job. We work from a large panel of well-known high street banks and building Societies to ensure our clients get the best deal available to them but we also work with smaller, more specialist Lenders too for when we come across clients who don’t “tick all the boxes”.
Our free consultation typically lasts up to an hour or so. We can turn round an agreement in principle within 24 hours. A formal mortgage offer takes about three weeks on average.
It’s usually three payslips for an employee to prove income and the latest 2 years’ accounts for Self Employed. You will also need to produce proof of ID, address, and 3 months’ bank statements.
Once you have submitted at least one year’s accounts, you can get a mortgage. Most Lenders use your salary plus dividend to calculate the maximum mortgage, whereas others are known to go off your net profit.
If you have had credit problems, you can still get a mortgage, but you may be required to put down a higher deposit than usual, perhaps 15% of the property purchase price.
The minimum deposit when purchasing a house in Bristol with High Street Lenders is typically 5%. In any case, this can be higher if you have had previous credit problems.
It may be possible to get a second mortgage on your home for things like debt consolidation or Home Improvements. It may also be possible to take out a mortgage on a second property if you want to use it for yourself, a family member, a holiday home, or a Buy to Let.
An Agreement in Principle typically lasts for between 30 and 90 days, depending on the Lender used. If your Agreement in Principle expires, it can always get refreshed.
To avoid possible disappointment, we recommend to our customers you obtain an Agreement in Principle before you begin viewing properties in Bristol. At the very latest you should obtain one prior to making an offer to assist your bargaining position.
As your mortgage broker in Bristol, we carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for you. A credit check gets required for an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.
Your free mortgage consultation in Bristol will last around one hour. We will then recommend a mortgage for you with no obligation for you to proceed and you can decide whether or not you wish to proceed with the mortgage.
Our Managing Director Malcolm founded the company with his wife Amy in 2009. He still loves seeing customers to this day and he eats, sleeps and breathes Mortgages!
His real passion is to help customers get the best mortgage deal available to them and guiding First Time Buyers safely through the daunting process of getting onto the property ladder.
His most embarrassing moment came some years ago when he accidentally got locked in a customer's bathroom - don't ask!