Mortgage advice from Principle First
Are you a first-time buyer, thinking about that tenative first step on to the property ladder? Perhaps you are remortgaging or switching lender, to get a better mortgage deal? Or perhaps you are a homemover?
No matter what your situation, your choice of mortgage is one of the biggest decisions of your financial life. With thousands of mortgages out there, you will need help to locate the mortgage deal that is right for you. Our friendly mortgage experts can help.
Looking for a mortgage? Use our Mortgage Planner whether your a first time buyer or remortgaging.
The first step is identifying the property you want to buy. Give a thought here to maintaining the balance in your financial planning. Over-extending yourself on your mortgage can leave you struggling with repayments that lower your disposable income on a month to month basis. Your mortgage is a central element of your financial planning, but you must not lose sight of the others – funds should be reserved for your pension, your children’s education, and your insurance needs. If you weigh yourself down today with an unsustainable mortgage debt, you may quite unintentionally be creating a problem for yourself in the long term. Perhaps your mortgage payments might soak up funds that could be better used for your pension planning, and you may run into the sand in your retirement!
This is why, at Principle First, we help you work out what mortgage lenders call the ‘affordability’ of your desired mortgage. By balancing your household income against the needs of your financial planning and general outgoings, we can advise you on the maximum you should allocate to your mortgage repayments. Then, as independent advisers, we have the whole market to choose from, when seeking the mortgage that is right for you!
We can explain your best options: whether you might consider a repayment mortgage, or an interest-only mortgage, and then if you would be better with a fixed-rate or variable rate mortgage. If you are wishing to remortgage, we can fill you in on the various costs involved in that, as well.
All of this, with a view to maintaining that all-important balance within your financial portfolio! Speak to one of our mortgage advisers today.
Submit a mortgage enquiry online or call us on 0800 678 5929
