Why you should speak to a mortgage adviser before an estate agent
Purchasing a home is one of the biggest financial decisions you’ll probably ever make, and for the majority of people this comes with the need and decision to get a mortgage.
Understanding what you can afford
A lot of people can actually borrow more than they initially think so it’s really important to understand what you can actually afford before getting your heart set on a property. Maybe you can’t afford this dream property you’ve found, or maybe you’ve actually been limiting yourself looking at properties that don’t meet your requirements but you thought you couldn’t afford more.
Understanding your budget for a property and understanding how much your monthly outgoings may be when you have a mortgage is a really important step in truly understanding your budget in the short and long term.
Understanding the different types of mortgages
When entering the world of mortgages and home owning, the sheer volume of options on offer can initially seem overwhelming. While there are a lot of different home loans offered by lenders to suit many different purposes, finding the right mortgage match for you can take a bit of digging.
Understanding the different between a Standard Variable Rate mortgage (SRV), Fixed Rate mortgage, Tracker mortgage and an Offset mortgage means that you’ll be able to discuss what’s right for you. Don’t worry if these sound confusing and overwhelming, our advisers are experts and will discuss with you what is best for your situation, so you’re not alone when deciding what’s best for you.
Whole of market
Our advisers look at the whole of the market to find you the best mortgage. Most people’s first steps when looking for a mortgage is to talk to their bank but many are surprised when they understand that they may be able to get a better rate or borrow more money through a different lender.
Insurance and protection
Not only will our advisers discuss your mortgage requirements with you but they’ll also discuss your insurance and protection needs to make sure you’re covered all eventualities. Our team can help sort out insurance for your home (for the building and contents), as well as life cover, critical illness and income protection– so if anything happens, you and your loved ones will be looked after.
You don’t need to buy or sell through Andrews to use us, and we’re happy to spend as much time with you as you need to make the right decision. Our mortgage advisors are based in our branches and on the phone so that we can offer you a complete service under one roof.
We do not charge for our advice. Instead, we simply charge a fee when we process your mortgage application. Our typical fee is £450, but will depend on your circumstances. Your home may be repossessed if you do not keep up your mortgage repayments, or other debts secured on it. You may have to pay an early repayment fee to your lender should you re-mortage.