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Mortgage Advice in Barnet

Damian Youell

Damian Youell

Are you in need of Mortgage Advice in Barnet?

Over the Years, Our Business Has Attracted a Growing Clientele from Various Regions within London Borough of Barnet, Including Watford, Edgware, Wembley, Cheshunt, and Romford.

Mortgage brokers play a crucial role in helping home buyers navigate the complex process of obtaining a home loan. With so many options available, it can be overwhelming to choose the right lender and loan product that suits your needs. This is where a mortgage broker comes in – they act as intermediaries between you and the lender and help you find the best deal. If you’re looking to buy a home in Barnet, working with a local mortgage broker can provide many benefits.

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Damian Youell

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How We Work

1: We contact you and take down your details, income outgoings, name, address etc.

2: We will research the whole market and email you a detailed quote as well as a list of documents to proceed.

3: You upload the documents and information needed via our channel our online portal.

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Efficient Easy to Understand Process..

The first step in the mortgage advice process is for us to have a brief initial chat. You can ring us on free phone 0800 612 3367. We can then have a few minutes of chat to work out whether what you are trying to do is possible. At this stage, only a brief outline of what you are trying to do is covered. If you are at work and cannot make a call you can contact us via email to have a discussion about what you are trying to achieve. At this stage, it may be that what you are trying to do is not possible for example if you have no deposit or not enough income. However, in most cases, we can help and then we will arrange a convenient time to call you to go through things in more detail.
Once we have determined that I can help you then I need to find out hard and soft facts about you so I can begin to formulate solutions. Areas I need will cover basic details like full names and addresses, date of birth, employment status and income. Other areas will include your credit commitments and outgoings. Lastly we will talk about the mortgages you want what deposit you have, what your budget is, what type of interest rate you would prefer. We will also look at what protection solutions you have in place and how whether or not these will be suitable for your new mortgage. We will discuss time scales and when you are looking to move with the solution and then agree a time when I will email the figures to you.
The detailed mortgage figures will enable you to know two things. Firstly that what you are looking to achieve is definitely doable. Secondly, you can look at the figures and work out whether the payments are affordable and thus the idea feasible. Included in the top of the email is a summary of what we discussed and a brief overview of the deposit, loan etc. The middle section details the mortgage figures such as the interest rate, term, monthly payment, fees and charges etc. This information is also attached in the form of a key fact illustration. The bottom of the email lists all the items that would be required in order to proceed with the application such as payslips, passports, and bank statements so you can prepare these for our home visit.
The final step is for me to pop out to see you scan any of the required documents that the lender requires. Typically payslips, bank statements, passports, and address ID will be required. Other information such as the address of the property you are buying, the name of the estate agents you are buying through, the name of a solicitor you want to use etc will need to be gathered. Once this is complete then I will fill in the application form on your behalf and deal with the lender throughout the whole process until the mortgage has been completed.

Types of Mortgages Offered

First Time Buyers

I offer expert advice and house buying guidance for those first time buyers looking to get on the housing ladder. The mortgage process can seem confusing for first time buyers and having someone to explain the complex jargon in easy to understand language can simplify the process. Many first time buyers only have small deposits and therefore shopping around to get the best deal from the whole mortgage market is important. As well as the mortgage itself helping first time buyers take advantage of the various protection policies that are available and helping them choose the right solution for their own situation is important. Ensuring that the lender offered to the first time buyer is the right one and that the applicant fits all the lenders criteria is taken care of by myself.
Meet Our Specialist Mortgage Broker

Equity Release Lifetime Mortgages

Equity Release is a product which allows you to unlock cash from the value of your loan. One of the popular Equity Release Product is a Lifetime Mortgage. Lifetime mortgages are designed for people who want to release equity in their property and use the money to pay off other debts or simply enjoy life without worrying about repaying the mortgage. The main benefit of this type of mortgage is that it can be used as an alternative to paying off debt, such as credit cards or personal loans. The interest on these types of products will typically be lower than standard variable rate mortgages. We now have a dedicated adviser who specialises in equity-release mortgages. If you are age over 55 and need equity release for home improvements, paying off an interest-only mortgage, a gift to family or another reason for equity release then feel free to contact us.
Meet Our Equity Release Broker

Buy to Let Mortgages

Many clients that I see these days either already have buy to lets or are quite keen to get their own first time buy to let mortgages. The high street doesn’t really offer much choice when it comes to buy to let mortgages. Many of the high street lenders have their own specialist lender for buy to lets such as The Mortgage Works or Birmingham Midshires. These lenders are often only available through intermediaries such as mortgage brokers. Many of the buy to let lenders have criteria that is hard for clients to match and thus comparing lots of lenders and knowing each lenders criteria is sometimes the only way a client can get a mortgage agreed.
Meet Our Specialist Mortgage Broker

Remortgages

Many clients I see often just want to remortgage to get a better interest rate. Others want to move the mortgage from interest only to a capital and interest repayment mortgage. Others want to release equity from their homes to do home improvements, give family a deposit, raise funds to buy another property, divorce settlements and a host of other reasons. Again comparing the whole mortgage market’s rates and lending criteria helps my clients get the right mortgage for their unique circumstances.
Meet Our Specialist Mortgage Broker

Check Our Equity Release Mortgages Section

FAQs

Mortgage brokers play a crucial role in helping home buyers navigate the complex process of obtaining a home loan. With so many options available, it can be overwhelming to choose the right lender and loan product that suits your needs. This is where a mortgage broker comes in – they act as intermediaries between you and the lender and help you find the best deal. If you’re looking to buy a home in Barnet, working with a local mortgage broker can provide many benefits.

  1. What is a Mortgage Broker? A mortgage broker is a professional who specializes in helping individuals and families find the right home loan. They have access to a wide range of loan products and lenders, and they use this knowledge to find the best deal for their clients. By working with a mortgage broker, you have access to a broader selection of loan options and can save time by having someone handle all the legwork for you.
  2. Benefits of using a Mortgage Broker in Barnet One of the biggest advantages of working with a mortgage broker in Barnet is that they have a thorough understanding of the local housing market. This means they can provide you with valuable insights and advice on the best loan options for your specific situation. Additionally, mortgage brokers are able to negotiate better rates and terms on your behalf, which can save you a significant amount of money over the life of your loan. Finally, they can streamline the loan process, making it quicker and easier for you to obtain the financing you need.
  3. How to choose the best Mortgage Broker in Barnet When choosing a mortgage broker in Barnet, it’s important to consider several key factors. Firstly, look for a broker who is experienced and knowledgeable about the local housing market. Secondly, check that they have a strong reputation and positive reviews from past clients. Thirdly, look for a broker who is transparent and open about their fees and commission. Finally, make sure they have access to a wide range of loan products and lenders, so they can find the best deal for you.
  4. Top Mortgage Broker Services offered in Barnet Many mortgage brokers in Barnet offer a variety of services to their clients, including loan pre-approval, loan application assistance, and ongoing support throughout the loan process. They can also provide advice on credit improvement, home insurance, and other related services. Some of the most popular services offered by mortgage brokers in Barnet include:
    • Loan pre-approval
    • Loan application assistance
    • Loan closing support
    • Credit improvement advice
    • Home insurance recommendations
    1. Refinancing Options are available through a Mortgage Broker in Barnet Refinancing your home loan can help you save money by reducing your monthly payments, lowering your interest rate, or shortening the loan term. A mortgage broker in Barnet can help you explore all your refinancing options and find the best deal for your specific situation. Some of the most popular refinancing options available through a mortgage broker include:
    • Rate and term refinancing
    • Cash-out refinancing
    • HARP refinancing
    • VA streamline refinancing

Working with a mortgage broker in Barnet can provide a wealth of benefits for home buyers, from access to a wider range of loan options to expert advice and support throughout the loan process. By choosing the best mortgage broker in Barnet, you can maximize your home-buying experience and secure the best possible deal on your home loan. Consider working with a mortgage broker today and take the first step towards homeownership.