Mortgages

For most people, your home will be the largest single investment you will ever make, so picking the wrong mortgage can be a very expensive mistake. The wrong product could end up costing you thousands of pounds more over the lifetime of the loan and often what seemed the cheapest option on day one may not prove to be over the long-term.

Current mortgage products mean it is wise to look at your mortgage every few years, particularly at the end of any fixed period. Failing to do so may put you back on your mortgage provider’s variable rate which can be many times more expensive than the best rates the market can offer.

To add to the confusion there are a bewildering number of mortgage types available to select from. To make a truly informed decision, call us on 0116 2720770 and ask for an appointment with one of our advisers.

Talk to us if you are one of the estimated 4 million people stuck in an affordability trap with your current provider pushing you onto their higher variable rate rather than the best rates available.

Please remember that you should not borrow more than you can safely afford and your home may be repossessed if you do not keep up repayments on your mortgage.

Buying a home is one of the biggest financial decisions you will ever make. That’s why it’s important to have a plan in place before you start shopping.

Why is mortgage planning important?

We can help you develop a mortgage plan that is tailored to your individual needs and goals. Here are some of the things a financial adviser can do to help you with mortgage planning:

Assess your financial situation. A financial adviser will look at your income, debt, and assets to determine how much you can afford to borrow. They will also help you understand your credit score and how it will affect your mortgage interest rate.
Shop for the best mortgage. A financial adviser can compare mortgage rates and terms from different lenders to help you find the best deal. They can also help you understand the different types of mortgages available and which one is right for you.
Get pre-approved for a mortgage. Getting pre-approved for a mortgage shows sellers that you are a serious buyer and that you have the financial means to purchase a home. A financial adviser can help you get pre-approved for a mortgage and explain the pre-approval process.
Make a budget. A financial adviser can help you create a budget that takes into account your mortgage payment, as well as other expenses such as property taxes, homeowners insurance, and maintenance.

How can a financial adviser help with mortgage planning?

There are many benefits to working with a financial adviser for mortgage planning. A financial adviser can help you:

Save money on your mortgage. By shopping around and finding the best mortgage deal, a financial adviser can help you save thousands of dollars over the life of your loan.
Qualify for a mortgage. If you have a less-than-perfect credit score or a high debt-to-income ratio, a financial adviser can help you develop a plan to qualify for a mortgage.
Avoid costly mistakes. Buying a home is a complex process, and there are many potential pitfalls. A financial adviser can help you avoid making costly mistakes that could jeopardize your home purchase. If you are thinking about buying a home, contact a financial adviser today to learn more about how they can help you with mortgage planning.

Contact us today

If you have any questions about mortgages, or if you would like to schedule a consultation, please contact us today. We would be happy to help you develop a plan that meets your individual needs and goals.