Bristol Mortgage Broker service offers a quick and easy way to find your mortgage.
Our advisers will take some details from you then carry out a whole of market mortgage product search.
There are 3 main types of mortgage
- First Time Buyer
- Buy To Let (BTL)
Everyone is different, no one mortgage deal fits all.
Paperwork is kept to a minimum to speed up your mortgage application. We can usually give you an idea how much you can borrow within 24 hours.
Subject to the usual ID, address and credit checks, we can quickly have a “offer in principle” ready for you. This lets you know exactly how much you can borrow for your new home.
Loan To Value and What It means
There are a myriad of deals on the market. You will notice the lowest rates offer an LTV of 60/40 or close to that.
Loan to value is the amount borrowed against the value of the property. This means a LTV of 60/40 means you are borrowing 60% of the properties value and placing a 40% deposit.
For many this simply isn’t an option. We will search based on how much of a deposit you can afford.
The rate of interest is tied to the risk to the lender. The higher the deposit you can put in, the lower the rate.
If you are looking to buy your first home in the Bristol area, we recommend you call us to find out how much you can borrow.
This makes it easier for you to find your new home because you know how much you have to spend.
Lenders will look at your income and outgoings. This forms the basis for how much they may be willing to lend, subject to a credit check.
Here is a brief checklist of what you’ll need for a quick approval.
- Check your credit rating is good
- Have money laid aside for a deposit
- Have the required documentation at hand (we will advise what is needed when you call)
How Fast Can My Mortgage Be Approved ?
When you call we need to take some basic information about you. This includes how much you earn and outgoings. You’ll be asked how much of a deposit you can put down because this affects the rate you will be offered.
Bristol Mortgage Brokers will carry out a search based on the information you have provided. You’ll be called back the same day in most cases with details of how much you can borrow.
When you are happy with the deal we can start the formal application process. Every application is different, every lender has differing criteria. We can give you a “offer in principle” within 24\48 hours with some lenders.
Looking to remortgage ?
Big savings can be made by remortgaging if you are on your current lenders SVR.
A remortgage is simply the process of switching mortgage lenders to get a better deal.
With low interest rates on the market, now is a great time to remortgage and save yourself money.
Reasons You May Want To Remortgage
- To Get a Lower Rate of Interest
- You Are About To Go onto Your Current Lenders SVR Because Your Existing Deal is Ending
- Your Properties Value Has Risen Which May Lower Your LTV For a Better Rate
It’s simple to find out if a remortgage is right for you. Call us on 0117 3254499 and we can quickly let you know your remortgage options with no obligation.
Bristol Mortgage Specialists
We’ll help you find the best mortgage deals regardless whether you are a first time buyer, looking to remortgage or considering purchasing a buy to let property.
Our mortgage vendors offer a wide range of mortgage products to suit all types of needs.
The benefits of dealing with us are:
- Honest, impartial advice
- Help finding the right mortgage for your needs
- Fast application process
If you want straight forward advice with a team that works to help you, call us today on 0117 3254499
There is no hard sell and it only takes a phone call to get the ball rolling.