Understanding the mortgage market

Getting a mortgage, whether you are a first time buyer or a seasoned re-mortgager it is still a maze of questions, dead ends and lets face it confusion.

I know its boring finance rarely brings a smile to anyone’s face, but lets all agree on one thing a majority of us at some point want to own our own home.

The problem is where do you start?
You have the job!
The partner, (if you are part of a couple). 

Now feel ready to make the single most largest purchase of your life after all we all know that rent is dead money.

You may have even seen a few properties that you like the look of, next step find the mortgage; here lies the problem, where do you go? Who is good? Who is out there to rip you off ?
Your not sure, who would be?

You could ask a friend! But then your always left with the same old doubts, could I have done better? They are the same age as you, but what about their financial history is their credit rating as good as yours? What’s good for one person is not necessarily good for another!

You could try your bank. Again this is a good move, however you could be missing out on a better rate somewhere else, the competition is hot in the mortgage field as it is with all financial business, the best place to go would be to an advisor.

A mortgage advisor  who is open to the whole of the market is the best place to go they can still get the deal with your bank if that’s the best on offer, but then another bank may be offering the same deal and saving you money at a lower rate down the road, so why just walk into your bank and stay there, why not go to an advisor and let them find the deal for you, after all when your insuring your car you shop around, you don’t just walk into your bank and ask do you?

By all means check out my website www.mortgages-made-simple.net,submit A Free quote if you like I will help you on the property ladder.

If you are unsure how much you can borrow, add your incomes together if you are a couple and multiply your annual figure by 4 this will give you a rough guide, obviously lending is always dependant on individual circumstances and other financial commitments, in place. You a free to shop wherever you like, this is the biggest most expensive purchase that you will ever make, don’t get confused get advice