Affordable Mortgage Deals In Bristol
Mortgage deals For First Time Buyers & Home Movers In Bristol
Regardless of whether you need a mortgage to buy your first home, remortgage an existing property, move house or purchase an investment property, he can help you find some of the cheapest mortgage rates at the most favourable terms.
Fixed rate deals are typically fixed for 2 or 3 years though, for a premium, they can be fixed for much longer. Trackers track the Bank of England base rate (currently at historical lows) and are potentially less expensive, though you forego the security of knowing exactly what you’ll be paying each month.
Ofcourse, these are not the only types of mortgage available and it may be that for example, an offset mortgage is more suitable, particularly if you have savings.
Mortgage rates available to you will take into account your own personal circumstances, credit history and financial position. If you wish to find out exactly what deals are available to you, please speak to Steve Mears by calling 0117 325 1130 during office hours of 8am-6pm Mon-Fri.
Alternatively, just enter your details in the Request A Call Back form to chat with Steve or one his colleagues at a time of your choosing. There’s no obligation on your part. However, discussing your requirements in person will allow him to quickly work out the most suitable mortgage products for you. Because they work on your behalf and not the lenders, you can be confident the advise provided is trustworthy and tailored to your specific circumstances.
Then if you decide to go forward, he’ll take all your relevant information and let you know whether you are likely to be eligible for a mortgage upfront before carrying out any credit checks.
By the way, your credit score is of the most crucial factors determining whether you get the mortgage deal you want. Every lender has it’s own criteria when it comes to credit score, and we can advise you which ones are most flexible.
With that said, there are several straightforward measures you can take to improve your credit rating before making your application if necessary. For example, ensure you are registered on the electoral roll. Also, check all your credit cards and bank accounts are registered to your current address. You may also want to check if any ex-partners are affecting your credit score through joint accounts.
Ensuring your credit score is healthy will not only improve your chances of getting a mortgage, but it may mean cheaper deals become available to you.
The other factor ofcourse is the size of deposit you can put down. Since the credit crunch of 2008, the average deposit size required has risen dramatically as lenders have become more selective in whom they lend to. Whilst it’s still possible to get a 95% loan to value (LTV) mortgage, rates are usually higher to offset the risk to the lender.
To get a decent mortgage rate, you’ll need a good credit history and atleast a 5% deposit, and as much as 40% to secure the very cheapest deals. Steve Mears can ofcourse advise you on current market conditions. With a wealth of experience, they understand what the various lenders are looking for, and often stand a better chance of securing you a lower deposit/rate.
So please get in touch by calling Steve Mears Independent Mortage Services on 0117 325 1130 today. Or outside office hours, simply enter your details in the Request A Call Back form on the right and they’ll get in touch at a time to suit you. They’ll quickly work out the right mortgage deal for your particular circumstances (or provide you with a range of options) and provide you with a no-obligation mortgage quote.