Taking out your first mortgage can be quite daunting. It’s a long-term financial commitment and it’s understandable that you have questions about what a mortgage is and how they work.
Put simply, a mortgage is a loan to buy a
property. Usually, you will need to put down a deposit on your new home, and
you will borrow the rest of the money needed to purchase it from a mortgage
lender.
The best way to take out a mortgage is to
visit a mortgage broker. Brokers are not linked to one lender so will be
able to look at a wide range of rates that match your circumstances. Sometimes,
there are also special rates that are only available through mortgage brokers.
Your mortgage broker will check that you are eligible and carry out an
affordability check.
After helping you decide on the best
mortgage for your circumstances, your advisor will then help you through
to the completion of the deal.
My Mortgage Maker is a mortgage broker covering Woking and the
surrounding areas including Bath and Bristol. If you’re looking
to buy a home or remortgage an existing property in the area, come to us for
expert independent advice.
