Mortgage Broker Bristol
Not every person’s circumstances are the same so we offer a bespoke financial service to fit around each persons individual needs. We’ll look at your mortgage and insurance needs making sure that the most suitable products are recommended to fit that clients specific needs.
First time buyer
As a first time buyer there is so much choice out there when it comes to mortgages, and picking the right deal for your needs can be difficult. You may have friends who will give their opinion but just because something is right for them, it does not mean it is right for you. Your plans and where you see yourself in the future can mean that a new deal would differ from the types of deals you and your friends already have. The first thing we advise at Strong Mortgage Solutions is for you to get an agreement in principle, and our team is here to go through your requirements to put you in the best situation possible for buying your first home. We can guide you along the way to ensure that you know what you need to do: from having an initial meeting with us to getting the keys to your new home. Our team, who have many years’ experience, can answer any questions you have and support you at every step.
As a homeowner, you already have a mortgage. You may be planning on moving home and want to speak to your current lender (or already have), but they can only advise you on the products they have and how much they will lend you. With so many other lenders available there could be a better lender who may have a much cheaper deal than your current lender. Or there may be another lender which will lend you so much more – this could be the difference in you buying a either a satisfactory home or a property which is perfect for you. We also get exclusive deals with some lenders which you may not be able to get by going to the lender directly; this is where we can help you to get a great deal. We can guide you along the way and give you the support you need right through from the initial meeting to you getting the keys to your new home.
When it comes to remortgaging there are so many options available to you: you may be coming to the end of your deal, you may want to raise some money for many reasons such as some much needed home improvements, buying something such as a new car, raising a deposit for an investment property or a buy to let, or maybe you are looking to organise some debt consolidation to put yourself in a much better financial situation. There are so many options available to you from other lenders where they may be able to give you a much better deal for your new mortgage compared to your existing provider. Whatever the option you are after we can help you and guide you along the way. We have advised on many remortgages over the years and we are here, from beginning to end, for any questions you have to ensure it all gets sorted for you in the end.
Although buy-to-let mortgages have some similarities with a residential mortgage, the lender will carry out very different checks for the new mortgage. Some lenders will expect you to have a deposit of around 25% of the value of the property, although this varies and some lenders even allow a deposit of just 15%. Buy-to-let mortgages are based on the anticipated rental income that the property can expect to receive in its current state. If the property needs work carried out there are alternative options which may be better for this. If the property is lettable in its current state, the rent you can receive will determine how much money you can raise. Some lenders will also need you to have a minimum income in order to get a buy-to-let mortgage and whether you have any experience in being a landlord. Some buy-to-let properties are slightly more specialist, such as a house in multiple occupancy (HMO). Getting the right advice around this is so crucial because with so many lenders out there offering deals, getting the wrong deal could cost you a lot of money, and as a business the profit margin is so important, especially with the current tax rules.
When we organise your new mortgage we also discuss life insurance, as this is important to consider. If you are buying on your own you may not need to get life cover however this is not always the case. As a mortgage and protection specialist we can go through this, find out what current cover you have, look at any shortfall and attempt to offset any shortfall for you. Life insurance comes in all shapes and sizes; many offer a number of different options, from paying your premiums if you cannot work to offering some benefits alongside your cover. Some companies even change the premiums each year, and the premiums can go up or down. Getting the right advice around this is important as it is there it safeguard your home and your family’s future.
Critical illness, income protection and sickness cover
What would you do if you lost your job? What would you do if you couldn’t work again due to an accident or illness? We can go through these scenarios to ensure you are covered if the worst was to happen. You may say “It will not happen to me”, or “I have never been sick before”, however, unfortunately the statistics show a very different story. In fact, of anyone born after 1969, 1 in 2 will be diagnosed with cancer in their lifetime. The older you get the more the chances are that you will become sick or be diagnosed with an illness. Another thing you may say is “I will sort it out in the future”. However, by the time you attempt to get the cover you may find that you are not able to. These policies are based on your current health, therefore if you wait until you have an illness then the insurers will likely not insure you. Additionally, the premiums become much more expensive as you get older, therefore, if you leave this to later then you could be paying so much more per month, or worst still, not get any cover at all. We can tailor a package for you which is easy on your pockets at the same time as protecting yours and your family’s future.
Think carefully before securing debt against your home, your home may be repossessed if you do not keep up repayments on your mortgage.