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When to hire a Mortgage Broker

July 9, 2019

Getting mortgage advice is crucial for people who want to buy a new house. If you are planning to buy a new home in the near future, then the chances of you requiring a mortgage are undoubtedly high. In order to gain access to the loan sum, a mortgage broker is essential. When it comes to procuring a mortgage, you have two options; one is to look for the right deal with banks yourself, and the second is to get yourself the right mortgage broker. Local mortgage brokers are not as abundantly available in the market as they used to…

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The Importance of A Right Mortgage Broker: How To Choose

June 13, 2019

In today’s day and age, the world is witnessing a lot of financial innovations. As our needs increase, finance entities find different ways to keep at par with the demand. One such credit option that most people opt for are mortgage brokers. Essentially, any person or link that arranges a mortgage deal between a lender and a borrower can be described as a mortgage broker. However, with market full of options, it can get tough to zero in on the best broker to get a mortgage. To that effect, we bring you some mortgage advice to ensure that you find…

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First time buyer mortgage

March 13, 2018

Property Buying Guide First Time Buyer Mortgage Getting a first time buyer mortgage is the first step onto the UK property ladder. You need to find out how much you can borrow and how much it will cost you each month. Remember your first time mortgage is a big loan which you will probably pay back over a long period - and for that privilege you have responsibilities regarding repayments and of course, there will be costs. You always have the option to contact a mortgage lender direct, but a good mortgage broker will know about all the first time buyers mortgage…

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Building a Deposit

March 13, 2018

Property Buying Guide Building a Deposit A deposit is the amount of money that you will be required to provide towards the purchase of a property, with the balance made up from mortgage finance. Building a deposit isn't easy these days but just now it is very difficult for you to get a mortgage without one! A house deposit is something you should save for and gather before you start thinking about which property you want to buy. Having said that, if this is a real problem there are other options featured in our guide to building a deposit(see below). These…

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Shared Ownership

March 13, 2018

Property Buying Guide Shared Ownership Shared ownership means owning part of a property with another party (usually a Housing Association) and paying rent to them for the part that they own but allow you to live in. They do not live in the shared ownership property with you. You can increase your share as time goes by, sometimes to 100%, this is called 'stair-casing'. To progress with shared ownership, you will need a shared ownership mortgage. Shared ownership means having to save for a smaller deposit and a taking out a smaller mortgage as you will only own part of the property.…

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