Mortgage Advisor Wirral
Free Mortgage Advice Wirral
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At Make Mortgages Easy we're here to make the process of getting a mortgage easier; saving you time, money and stress.
If you are looking for Wirral mortgage advice and want to speak to an expert, call us today.
Whether it’s a simple question you have on where to get started, or if you've recently struggled getting a mortgage elsewhere, or even to provide advice on solicitors, surveys or insurances, we’ll be here until you get the keys to your new home.
How much can you borrow for a mortgage?
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Each lender assesses affordability differently and each will have their own rules and criteria. They will look at your income and expenditure and assess how much you can borrow.
Before you even start looking for a property we strongly recommend that you get a decision in principle in place. This will let you know how much you can afford to borrow and that you can likely obtain the mortgage.*
Whether you are employed or self employed and you’d like to arrange a call with our Wirral mortgage advisors, please fill in the contact us page or simply book an appointment on our online calendar and get a decision in principle today.
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*(A decision in principle carries out a credit check. If accepted, this does not constitute a mortgage offer. Full mortgage applications are subject to a full affordability assessment, valuation and the lenders underwriting process).
What is a mortgage?
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A mortgage is simply a loan taken out specifically to purchase a property or land.
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The mortgage is secured against the property/land until it has been repaid. If you do not keep up with your monthly repayments then the lender can repossess the property to get their money back.
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There are several different types of mortgages, whether it be a fixed term, variable rate or tracker/discounted rate. Each have their own benefits and each client may be better suited to one type of mortgage depending on their circumstances. We as Wirral mortgage brokers help advice on which may be best suited to yourself.
How much deposit do you need?
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When you purchase a property you will need to put down a deposit. The higher the deposit you put down, the better it is. This is because it reduces the lenders risk, therefore you may get a cheaper deal.
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For a residential property, i.e. a property you plan to live in, you typically need a deposit of 10%, however, there are lenders who offer mortgages with only a 5% deposit.
