If you are searching for expert mortgage advice in Bath, then you have come to the right place. We are a mortgage broker in Bath with over 20 years of experience in providing expert mortgage advice and helping new/existing customers achieving their home-owning dreams.
We work around you and your commitments, booking you in for whatever time suits you the best. There is always someone available to answer your mortgage questions between the hours of 8am and 10pm, 7 days a week.
We often find that customers can face mortgage complications, especially if they are a first-time buyer in Bath. We highly recommend getting in touch and speak with an experienced and professional mortgage advisor in Bath, and you may find yourself eased of stress.
Thanks to our 20 plus years of experience and industry knowledge as a mortgage broker in Bath, there is rarely a situation we cannot help. Our team of mortgage advisors love a good challenge and do their absolute best.
Here are some of the most common mortgage scenarios that we have encountered when speaking to customers as a mortgage broker in Bath:
Your circumstance may not be listed above but worry not, and we may still have come across it before. With this in mind, it is always worth getting in touch to see if we can help you out.
It is quite common for people who are first-time buyers to seek the aid of a mortgage broker in Bath, as, without any experience under their belt, they may not know what to do.
Additionally, even if you’ve done this before and are moving home or taking out a Remortgage, you may find going to a mortgage broker very beneficial. We are experts at saving both time and money, dedicated to finding you the most appropriate mortgage deal for your situation.
Using our in-depth knowledge of lender criteria, we will be able to compare your needs with thousands of different mortgage products, doing our best to find one with a competitive rate and that is right for your financial circumstances.
If you are looking at the possibility of remortgaging, we are also able to discuss this with you. You have a variety of options, including capital raising for home improvements or paying off existing credit cards and loans.
By getting in touch with a mortgage advisor in Bath, you could end up with a much better deal; we use our expertise to find one that benefits you!
We take a great deal of pride in the level of customer service we provide, it’s at the heart of everything we do. Whether you’re dealing with a mortgage advisor or an administrator, our brilliant team are here all throughout the week until late at night, supporting you and your mortgage needs. We love being responsive to your enquiries!
We’re also quite active on Facebook and Twitter, sharing news and mortgage tips from our website on a daily basis, so it’s always worth checking up to see if there’s something that may help. If you have a mortgage enquiry, we always have someone monitoring the messages ready to respond if needed.
You can worry less when it comes to the remortgage process! You already own your house this time, so this cuts out the property chain. We will do what we can to ensure that this time around things go as quickly and as smoothly as possible.
We will help and support you throughout the whole process, helping you over any hurdles which may arise. 7 Days a Week.
We’ll aim to make you feel relaxed and be open and honest – We’ll take away the stress.
Please read our genuine customer reviews. We strive to offer the best Mortgage Advice service possible.
Typically, our free consultation will last up to an hour or so. Our team can turn around an agreement in principle within 24 hours of speaking to an advisor. A formal mortgage offer can take around three weeks on average.
It’s typically three payslips for an employee to prove their income and the latest 2 years’ accounts for a Self Employed applicant. You will also need to provide the lender with proof of ID, address, and 3 months’ bank statements.
Once you have submitted a minimum one year’s accounts, you can get a mortgage. Most Lenders use your salary plus dividend to calculate the maximum mortgage, whereas some other lenders are known to go off your net profit.
Even if you have had credit problems, you may still be able to get a mortgage, though you may be required to put down a higher deposit than you otherwise would’ve, often 15% of the property purchase price.
The minimum deposit for buying a house in Bristol with High Street Lenders is around 5%. This can be higher if you have had previous credit problems.
You may find that it is possible to get a second mortgage on your home for things like debt consolidation or Home Improvements. If you are looking to take out a mortgage on a second property, either to use it for yourself, a family member, a holiday home, or a Buy to Let, this may also be possible.
An Agreement in Principle will usually last between 30 and 90 days, depending on the lender you go with. If your Agreement in Principle expires, you can always have it refreshed.
To avoid being disappointed if an offer falls through, we recommend that home buyers obtain an Agreement in Principle before you begin viewing properties in Bristol. At the very latest you should obtain an AIP prior to making an offer to assist your bargaining position with a seller.
As a trusted and hard-working mortgage broker in Bristol, we will carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for your situation. A credit check will be required for an Agreement in Principle. Once you have given the lender all the relevant documentation and a valuation of the property has been completed, a formal mortgage offer can be issued.
Your free mortgage consultation with a trusted member of our mortgage advice team in Bristol will last around one hour. From there, your advisor will then recommend a mortgage for you with no obligation for you to proceed and you can decide whether you wish to take it or step back.
The fees involved with a remortgage will be similar to those when you started your existing mortgage. Your dedicated Mortgage Advisor in Bristol will run through all of these costs with you in your consultation. They will consider these costs when comparing the savings of the new deal vs your current mortgage.
Your initial free remortgage consultation with a mortgage advisor in Bristol will last roughly about 1 hour. They will then be able to compare a new deal against your current product and recommend the most appropriate one for your circumstances, with no obligation to you. From there, it’s up to you to decide whether you wish to go ahead with the mortgage or take a step back for the time being.
You may have the option to remortgage and increase the size of your mortgage to pay off any unsecured debts you may have accrued over time. This is not something to rush into though, as there can be some negatives to it. With our experience in the industry, we highly recommend that customers always seek Mortgage Advice in Bristol before consolidating any of their debts!
If you are on your lenders SVR (Standard Variable Rate of Interest), you increase your chances of saving money. Your assigned advisor will compare the new products available against your existing mortgage deal, in order to work out these savings for you. If you have existing equity in your property, a remortgage would also grant you access to release some of this money if it was needed for anything. Usually we see customers use this for things like home improvements.
Though it varies anywhere between 20%-40%, the lowest required deposit for a buy to let mortgage is usually around 25% of the property value.
Lenders will often use the discount given to you by the council or local authority as your deposit. This isn’t always the case though, as some lenders, will still require you to put down a deposit in addition to this deduction. This may even be the case if you’ve been struggling with credit problems. A dedicated mortgage advisor in Bristol will do their best to answer your right to buy deposit questions.
In order to buy a property, you will usually be required to have at least 5% of the sale price of your new build property in Bristol. In the case of a Help-to-Buy, the Government will then loan you up to 20% to the property value on top of this to make a 25% deposit.