Our top tips for getting a mortgage

Lots of people, especially those who are first time buyers, don’t know where to start when it comes to looking for a mortgage. Don’t worry, this is exactly why we pulled together our top tips for getting a mortgage.

Today we aren’t going to look at whether it’s a good or bad thing that not many people know how to start – the bigger thing we want to address is know where to look in the first place.

WHERE TO BEGIN

When it comes to thinking about where to find a mortgage, the first place that the majority of people would think to look is a bank. And why not? On the face of it, and especially if you haven’t had much experience on the world of property purchases before this point – it makes sense to think of the bank first.

Particularly if you’re a first-time buyer now, in your 20’s or 30’s and the only financial dealings you’re likely to have experienced are setting up a bank account, getting hold of a credit card and maybe leasing a car – why would you think to look of anywhere except a bank?

When your parents were getting a mortgage it would have been through a bank, but the world of work is different now. Times have changed, and so should your approach.

THE PROBLEM WITH APPROACHING BANKS FIRST

The problem with taking a bank first approach to the mortgage challenge is that you’re inadvertently painting yourself into a corner.

The reason is that by just going to the one bank you’re only looking at options in a fraction of the market. Naturally when applying through a bank they will only look to place you with one of their mortgage products, thereby it’s a much smaller pond to pick from.

Mainstream lenders and banks will have particular criteria that they will want a borrower to meet. Obviously one particular term, for one particular bank, is never going to be perfect for any prospective clients. Comparatively, when working with a broker you’ll likely to get a much better “hand holding” relationship – rather than potentially getting pigeonholed into a product that isn’t quite right.

WHY TALKING TO A MORTGAGE ADVISER CAN BE MORE ADVANTAGEOUS

When it comes to dealing with a broker, rather than a bank, we think that we have a couple of key advantages that will help you out when it comes to securing a mortgage.

Unlike approaching a bank to secure a mortgage, when working with a whole of market broker like ourselves you actually have access to the whole of market for mortgages. You’re in a much bigger pond, with many more products (some of which are only accessible to members of the public through a broker), and some of them are going to be a lot more specific to the individual circumstances you come to your application with.

Our aim when working with clients is to give you the most appropriate advice and guidance to help you find the right solution for you. If you would be interested to have a conversation with us and explore your options, give our friendly team a call today on 01268 744 333 or send us a message below.

3 top tips when applying for a mortgage...

When it comes to applying for a mortgage, it can be an intimidating process. Lots of forms, paperwork and providing information.

Handled in the wrong way it can be all too easy to get bogged down in the details rather than focusing on the three areas that really matter.

Through our years of experience, our initial conversation with a client always focuses on three areas.

These are our top tips for a successful mortgage application. Download our short guide today for FREE

Let us contact you

Simply complete the details above, and a member of our friendly team will call or email to arrange an appointment.

Important: Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured upon it. A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £495.

What is the next step

Step 1

Life continually moves on and with that comes increased responsibility. Whether you are buying a home or starting a family, it is an exciting time but you must plan ahead now to ensure that if something goes wrong, you and your loved ones are fully protected.    

Step 2

Speak to our friendly team to discuss your needs. Simply book an appointment and we will advise you on the right level of cover. With whole of market access we will ensure you find the right products for your individual needs.

Step 3

Our expert team have a wealth of experience helping individuals and couples plan for their futures. Whether you are considering mortgages, life insurance or income protection we will find the right option for your circumstances protecting you for the future.

Ready to talk to a professional

Important: Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured upon it. A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £495.

Let’s get started

To arrange an appointment with our friendly team, all you have to do is click the button below.  We’re looking forward to meeting you.

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About:
Chambers Financial Services Limited is an Appointed Representative of Quilter Mortgage Planning Limited which is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales No:08201095, Registered Address:Arlington House West Station Business Park, Spital Road, Maldon, England, CM9 6FF We normally charge a fee for mortgage advice, however this will be dependent on your circumstances. Our Typical fee is £499. Click here for more information. Internet Privacy Policy

Important:
Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured upon it. A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £495.

The Financial Conduct Authority do not regulate buy to let mortgages.

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