In our next news and advice piece, we explore the positive impact using a mortgage broker can have for first time buyers.
Simplifying the Home Buying Process for First-Time Buyers
Buying your first home is one of life’s biggest milestones, but it can also be overwhelming. First- time buyers are often faced with an abundance of mortgage options, unfamiliar terms, and complex processes. Using a mortgage broker like Helen Ferneyhough Associates can make this journey smoother and less stressful. If you’re planning to take a step into becoming a homebuyer, take a look at some of the reason why using an independent mortgage broker, can give you the helping hand you might need.
Access to a Wide Range of Lender
One of the key benefits of working with an independent mortgage broker is the access they provide to a vast network of lenders. Rather than limiting yourself to one or two high-street banks, a broker can search through many different lenders to find a mortgage that best suits your needs and circumstances. This could potentially result in a more favourable rate or terms, saving you money in the long term. Make sure when selecting a mortgage broker, that they are truly independent like Helen Ferneyhough Associates.
Expert Advice
A mortgage broker’s expertise can help guide you through the often confusing mortgage market. Whether it’s helping you understand the difference between fixed-rate and variable-rate mortgages or explaining the nuances of loan-to-value ratios, they ensure that you make informed decisions every step of the way. Have you got a question? Unsure whether to ask? Nothing is too much trouble and we understand how difficult the process can be. So feel free to speak to our friendly team, no matter what you need help with.
Tailored Guidance for First-Time Buyers
Each buyer’s financial situation is different. A mortgage broker can take your unique needs into account, offering personalised advice and helping to avoid unsuitable mortgage products. For example, if you’re self-employed or have a complex income structure, a broker can help identify lenders who cater to your specific financial profile. The same can be said for poor credit ratings. We have access to mortgages that you wouldn’t be able to gain without the assistance of an independent mortgage brokers. So if your circumstances aren’t as straightforward as you’d like, feel free to speak to our advisors.
Contact Us
“Helen Ferneyhough Associates were fantastic in helping us secure our first mortgage and if we need help again we will definitely be getting in touch. They explained everything clearly and found a deal we wouldn’t have known about ourselves. It was nice just to have someone always available at the end of the phone when we needed someone” – Sarah, first-time buyer
If you’re a first-time buyer, let us guide you through the mortgage process with ease. Contact Helen Ferneyhough Associates today for a consultation and start your home-buying journey.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £195 to £695 and this will be discussed and agreed with you at the earliest opportunity. Bank of England
