Mortgage Broker in Bath

Stepping into the world of mortgages as a first time buyer in Bath can be quite daunting, where do you start?

Our job is to provide guidance and support throughout the entire mortgage process, making sure that you feel at ease during this stressful time. First of all, we will look at your mortgage affordability, making sure that you understand the steps you will need to take to secure your first mortgage in Bath.

A huge part of every mortgage journey is saving for a deposit and making sure that you can provide 5%-10% of the value of the property that you are looking at buying. Granted that you have a good credit score, as a first time buyer in Bath, you should be able to access good interest rates and competitive products.

If you are a first time buyer with bad credit in Bath, you may need to put down a minimum of a 10% deposit. During your free mortgage appointment, your mortgage advisor in Bath will cover this if you suffer from adverse credit.

Your first time buyer mortgage journey begins here. Get in touch with our team to get your process started with simplicity.

Moving home is not just about moving to a new property, you have to consider your mortgage options too.

Sometimes, it is not possible to transfer your current mortgage over to your new home in Bath, therefore, you must take out a new mortgage product. On top of everything else that comes with moving home, this part of the process can all get a little too much!

This is why using a mortgage broker in Bath can still be beneficial to you and your new home. Our mortgage advisors in Bath will take all of the stress away from the mortgage side of the process, allowing you to focus on the moving!

Our mortgage advisors in Bath aim to make the whole process as stress-free as possible, and will also try to find you a competitive new mortgage for your new home.

When it comes to finding a new mortgage for your buy to let property/properties, you want to make sure that you are on the best deal possible for your financial situation. Our job is to find that perfect deal that is tailored to your personal and financial situation.

Whether you have an existing or growing portfolio of buy to lets in Bath, our team can help you through your mortgage process. When it comes to remortgaging your buy to let in Bath, we will make sure that you are still on the best rate available for your circumstances.

Our dedicated buy to let team also work with landlords looking to take out a HMO mortgage, let to buy mortgage or holiday let mortgage in Bath.

When approaching the end of your fixed mortgage term, you need to start thinking about remortgaging your existing product. Remortgaging is the act of taking out a new mortgage product to replace your current deal.

If you do not remortgage by the end of your current fixed term, you will automatically switch to your lender’s standard variable rate of interest. This rate is likely to be much higher than the rate you were previously on, therefore, your monthly mortgage repayments may increase. Through a remortgage in Bath, you can avoid this new rate of interest.

As a mortgage broker in Bath, we recommend exploring your remortgage options up to six months before your current fixed term expires. This gives you and your mortgage advisor in Bath plenty of time to assess your options. In some cases, you may be able to remortgage early and switch to a deal that saves you money in the long run.

When it comes to remortgaging in Bath, there are also other options to consider, such as remortgaging to release equity, fund home improvements and consolidate debt into your mortgage. These options may increase your overall mortgage term and increase your monthly repayments, but can also benefit you in the short term.

If you are self employed in Bath, part of your mortgage process may slightly differ from other applicants. The overall process pretty much stays the same, however, your mortgage application will require you to provide more documentation to evidence your income and mortgage affordability.

During your free mortgage appointment, your mortgage advisor in Bath will look through your finances and assess whether it is possible to get a mortgage based on your self employed circumstances.

Specialist mortgage lenders exist that can help self employed applicants. Our job is to search through these types of lenders to try and find the right mortgage product for you and your situation.

If you are over 50 and are looking to get a mortgage in Bath, start by speaking with a member of our dedicated later-life mortgage department.

There are many different options available out there, it is just finding the right one for your circumstances. You never know, it may be possible to take out a mortgage through traditional methods.

Book a free mortgage appointment online or give our team a call to discuss your mortgage options.