Open & Honest Mortgage Advice in Tamworth

Buying your first home as a first time buyer in Tamworth, can be a stressful experience, where do you even start? Our job, as your mortgage broker in Tamworth, is to help you through the entire mortgage process, from start to finish. We will not only be trying to find you a suitable mortgage product, but we will also help you prepare your mortgage application and sort everything mortgage-related so that you don’t have to.

To get an idea of how much you can borrow for a mortgage in Tamworth, you can get in touch with our team. Our mortgage advisors in Tamworth, once you have provided information on your monthly income and outgoings, will be able to provide an accurate figure as to how much you can borrow for a mortgage. They will also factor in your lifestyle and current financial situation. If you are looking for mortgage advice in Tamworth, you can reach out to our team or read our free mortgage guides on our website.

Despite this not being your first time getting a mortgage, it can still be necessary to get mortgage advice in Tamworth before moving home in Tamworth. You will still need to find a new mortgage for your new property if you are unable to port your current one. Gaining help from a mortgage broker in Tamworth can remove all of the stress from the moving home process, especially since you are buying and selling a property at the same time.

We will search through 1000s of products before selecting one that is perfect for you and your new home. Your mortgage advisor in Tamworth will look carefully at your situation and the property that you are looking at buying to determine what sort of deals you can access.

We have helped many local landlords secure great buy to let mortgages in Tamworth for their buy to let properties. By speaking to a mortgage broker in Tamworth, your buy to let process should run smoothly and will be able to receive transparent advice specifically for your buy to let situation.

We have a large variety of lenders on panel that will offer mortgage products for your buy to let in Tamworth. Our job is to pick out the perfect product for your personal and financial situation. Remember that you need a minimum of a 25% deposit and a good credit score for a buy to let mortgage.

If you are coming to the end of your fixed mortgage term, it is time to start thinking about remortgage in Tamworth. Remortgaging is the process of you taking out a new mortgage to replace your current one. By remortgaging in Tamworth, you would be avoiding falling onto your lenders standard variable rate of interest (SVR). This rate of interest is normally much higher than your current rate of interest, therefore, you would likely see your payments go up.

As a mortgage broker in Tamworth, we are able to help you remortgage and switch to a new mortgage product. We will aim to find you a mortgage deal that is both competitive and saves you money. We can also explore your different remortgage options with you if this is something that you are interested in. Before now, we have helped customers remortgage to fund improvements, release equity and consolidate debt just to name a few.

If you are self employed in Birmingham, the mortgage process will be similar to other scenarios, with one key difference - the requirement to provide evidence of your income. Your mortgage advisor in Tamworth will guide you on the additional documents you need to provide. Just like with other mortgage types, they will conduct an affordability assessment and explore the available deals suitable for you.

Homeowners who happen to be over the age of 55 and meet the right criteria, such as for property value, could find it worthwhile looking at their options for a equity release in Tamworth. Equity release in Tamworth is typically taken out either as a home reversion plan or more commonly, as a lifetime mortgage in Tamworth.

Beyond this, for customers over the age of 50, you may find that there are other potential mortgage options for you, as you head towards later life. These can include options such as retirement interest only (rio) mortgages, term interest only (tio) mortgages, hybrid mortgages, as well as standard mortgages and remortgages in Tamworth.

Mortgages for over 50s and especially equity release in Tamworth, tends to be a very specialist area and it is key that you get in touch with a qualified and professional mortgage broker in Tamworth, to understand your options. We will always look to see if an alternative is more suitable for you first, before we look at equity release in Tamworth.

To understand the features and risks, ask for a personalised illustration. Equity Release may come in the form of a lifetime mortgage or home reversion plan.

A lifetime mortgage may impact the value of your estate and it could affect your entitlement to current and future means tested benefits. The loan plus accrued interest will repayable upon death or moving into long term care.

A home reversion plan involves selling all or part of your home to a plan provider in exchange for a tax-free lump sum.