Open & Honest Mortgage Advice in Billericay

It can be difficult to know where to start as a first time buyers in Essex and Billericay. Do you start viewing properties first, do you get in touch with Mortgage Broker in Billericay?

It’s up to you! However, we would definitely recommend speaking to a broker before starting anything to make yourself aware of the process and how it all works. It can be stressful and we want to do our best to try and help you through it all!

First of all, we will get some bits of information from you to work out what sort of deals you may be able to access and what your affordability is like. We will then be able to go away and search for the perfect deal for you and your individual circumstances.

A huge part of the First Time Buyer mortgage process is raising money for the deposit. If you are struggling with this part of the process, you may need to look at some of the government schemes available to you. Some of these schemes include the Help to Buy Equity Loan, Lifetime ISA, and Shared Ownership.

When you are moving home in Essex and Billericay, the process will be very similar to your first home buying experience. Only this time around you will be selling too!

Trying to buy and sell a home at the same time can be very stressful. Our job is to take some of the stress off your shoulders and handle all of the mortgage side of the process. We have been doing this for over 20 years now and we know exactly how it feels to be in your situation.

There are lots of different reasons why you may want to move home. If you are wanting to purchase a larger property, you will need to check your affordability prior to taking viewings and making offers. We can help you with this and work out your budget so that you have an understanding of what properties you can afford in Billericay.

New landlords with minimum experience in the sector can sometimes have a tough time starting their mortgage application. This is usually down to their deposit amount or the fact that they do not have an existing portfolio to demonstrate their ability to afford a Buy to Let mortgage.

You will also have to know that most buy to let mortgage in Essex and Billericay. require a 25%-40% deposit. This is usually towards the upper end of the scale for first time buyer landlords. If you have an existing portfolio, you may find that you require less deposit. This all depends on your portfolio and affordability.

We have long withstanding relationships with local landlords around the Essex, Billericay area and you could be next. If you have an existing portfolio and need help finding a great mortgage product for your new Buy to Let, we would be more than happy to help.

We work with other Buy to Let options such as HMOs, Holiday Lets, Let to Buys and many more. Talk to your dedicated Mortgage Advisor in Billericay to discuss all of your Buy to Let options.

As you approach the end of your fixed mortgage term, you should start thinking about remortgage in Essex and Billericay. Remortgaging allows you to switch to a new mortgage product and avoid paying your lender’s standard variable rate of interest (which is likely higher than your current rate). Our job is to help you remortgage and find you a competitive product that suits your personal and financial situation.

You may not want to remortgage to find a better rate, you may want to remortgage for another reason. You may want to look at remortgaging to fund home improvements, release equity or to consolidate debt into your mortgage.

If you are a Self Employed applicant, this process will be exactly the same, however, you will need to supply further documentation to evidence your income. Your Mortgage Advisor in Billericay will tell you everything that you need prior to submitting your formal application. Get in touch for a free mortgage appointment for more details.