If you’re in the South East and you’ve just Googled, ‘local mortgage advisor near me’? You’re in luck! More Than Money is a family-run business offering mortgage advice and one-to-one personal support from our home town of Ashford.
Having run Mortgage Services and offered free, local mortgage advice in the South East for as long as we have, we really know our stuff!
That’s why at More Than Money we can tailor our advice to suit any type of customer.
Mortgage Advice Near Me
Whether you’re a first-time buyer needing step-by-step mortgage advice, or a seasoned landlord wanting to add to your portfolio … our local mortgage advisors are always on hand to answer any questions you may have…
AND we make the whole process as stress-free as possible from start to finish.
First of all we’ll get to know you in detail, taking a look at your employment history and financial status.
No, not because we’re nosey! But so we can discuss all the mortgage options open to you, before searching a panel of over 50 mortgage lenders to find the right mortgage for you.
Once we’ve found a mortgage that ticks all your boxes we can answer any questions you still may have, and help with the application process.
We’ll even make sure that all the necessary forms are filled in, and that documents are signed and sent off.
Simple!…And all part of the service!
Got some questions about mortgages?
We might have covered it below:
Mortgage Services Q&A
What is a mortgage?
In a nutshell, a mortgage is a loan that you take out so you can buy property or land.
The loan is secured against the value of the house or land until it’s paid off, and generally lasts for 25 years – although the term can be longer or shorter.
As with any other loan, if you don’t keep up with the repayments the lender can repossess your property (in the case of a mortgage, your literal property!) in order to sell it and get their money back.
How Much Deposit Do I Need To Get A Mortgage?
The deposit (in case you’re not 100% sure) is the chunk of money you put towards the cost of the house you’re buying.
The more you can put down, the better, but normally you’ll need to stump up a minimum 5% of the total asking price.
Your mortgage provider will then lend you the rest.
Why Should I Go To A Local Mortgage Advisor?
A mortgage advisor, also known as a broker, is like a human price comparison site – the ‘middleman’ between you and the mortgage lenders.
A mortgage advisor’s advice is invaluable because they have access to a huge range of mortgage products, and they know all of the lender’s criteria.
This helps your local mortgage advisor find the right deal for you!
Also, because you can meet with your mortgage advisor face-to-face, they can get to know exactly what you’re looking for before they give you advice…
…and help you gather all the necessary documentation as well as help you complete applications.
Not only that, independent mortgage advisors are a fully regulated and insured body who are responsible for the advice they give.
That’s reassuring isn’t it!?
Can I Get A Mortgage From My Bank?
I mean, you can, get a mortgage from your bank but it’s unlikely they’ll give you the best deal – no matter how many years of loyal service you’ve given them!
Even though your bank has a pretty good idea of what you earn and what you spend, you’ll still need to provide all the paperwork as proof, and you’ll still be subject to credit checks.
So, getting a mortgage with the bank you’ve been with since your teens isn’t a shortcut I’m afraid.
Plus, you’re only getting their offer – what about other lenders?
As your local mortgage advisors we can get you the same rates as your bank, plus we have access to a panel of over 50 other lenders as well.
This is why we know we’ll be able to find you the right deal.
What Is The Difference Between A Repayment Mortgage And An Interest Only Mortgage?
A repayment mortgage is where you pay off a portion of the capital (the cost of your house) as well as the interest each month.
At the end of the term, which is normally 25 years, the mortgage is all paid off and you own your own house!
An interest-only mortgage does exactly what it says on the tin; you pay off the interest each month, but you pay nothing off the capital (the amount that you borrowed).
Interest-only mortgages are much harder to get because you have to prove that at the end of the term you can pay off the original loan in one go.
As local mortgage advisors, these are some of the most common questions we get asked – but it’s certainly not an exhaustive list.