FEE FREE Mortgage Broker In Portsmouth
Being a mortgage broker in Portsmouth, we discuss, advise and submit the whole mortgage application from start to finish! At Alexander Southwell Mortgages, we give honest, straight forward, easy to understand, fee free mortgage advice in Portsmouth.
Fee Free Mortgage Broker In Portsmouth
Alexander Southwell Mortgage Services Ltd is an expert mortgage broker business for customers in Portsmouth. Our team provides expert mortgage advice tailored to your specific circumstances.
Taking out a mortgage will probably be the biggest financial commitment you ever make, so make sure that you get advice from an independent mortgage broker that has access to a large panel of mortgage lenders.
Alexander Southwell Mortgage Services Ltd offers a comprehensive range of mortgage products in Portsmouth from across the market. We offer both first charge mortgages, but not deals that you can only obtain by going direct to a lender.
We also take care of all the administration for mortgages and life cover applications as well as liaise with Portsmouth estate agents, mortgage lenders, and local solicitors to make sure the process is as smooth and hassle-free for you as possible.
Table of Contents
Why choose Alexander Southwell Mortgage Services?
Discover the advantages of working with a professional mortgage broker.
Navigating the complex mortgage market can be daunting, but a professional mortgage broker can make the process much smoother. With access to a wide range of mortgage lenders, a broker can compare various products to find the most suitable option for your needs. This not only saves you time and effort but also ensures you get the best deal available.
A mortgage broker handles all the paperwork and application processes on your behalf, allowing you to focus on other important aspects of your life. They provide expert advice and guidance throughout the mortgage journey, helping you make informed decisions at every step.
Working with a mortgage broker also gives you access to exclusive mortgage deals and rates that may not be available directly from lenders. They can help you understand the pros and cons of different mortgage types, such as fixed-rate, variable-rate, and tracker mortgages, ensuring you choose the right one for your situation.
Additionally, a mortgage broker can provide guidance on various types of mortgages, including residential mortgages, home mover mortgages, and buy-to-let mortgages. Their expertise ensures you find the most suitable mortgage deal tailored to your specific needs and circumstances.
Team of expert mortgage brokers and advisers.
Excellent communication via WhatsApp, Skype, phone, email and SMS.
100% FEE FREE mortgage advice service.
Why get a mortgage in Portsmouth?
Portsmouth is situated along the English Channel and has one of the largest naval bases in the country and offers plenty of attractions for all such as the historic dock yard, ample seaside entertainment and shopping centres.
Located on the southernmost tip of Hampshire, Portsmouth marries maritime charm along with a bustling city atmosphere offering the best of city and seafront living.
As Britain’s primary royal Navy base and largest commercial ports – Portsmouth offers a broad spectrum of maritime industry opportunities making it a hot spot for young professionals.
Along with this Portsmouth has incredibly easy networking links to surrounding areas like Southampton, Fareham, Brighton, and London – who are home to other significant employers.
As a town, Portsmouth is also known for its University, as it is home to one of the best in Hampshire. Due to its wide range of shops, restaurants, and seaside entertainment its ideal for students, young professionals, and families alike.
All in all, Portsmouth is a great waterfront city. Being home to one of the countries largest commercial ports and Naval bases it is packed with ample opportunities, world class attractions making it a very much unique city.
Whether you’re an established home-owner looking to move or remortgage, a first-time buyer perhaps using Help To Buy to get onto the property ladder, or a Buy to Let landlord adding to your portfolio, we will be able to find the most appropriate mortgage to meet your requirements and provide the best value, both in the short and long term.
- Southsea
- Gosport
- Havant
- Fareham
- Hayling Island
- Waterlooville
- Petersfield
- Titchfield
FEE FREE Portsmouth Mortgage Brokers and Mortgage Adviser
We have a team of CeMAP qualified independent mortgage brokers and protection advisers. We offer advice into the finance market and a range of mortgages, insurance, and property services in Portsmouth and the UK.
Whether you are a first time buyer looking to become a property owner or you are looking to step up the property ladder or remortgage we can help. Our aim is to help people in Portsmouth achieve the right mortgage advice service.
Alexander Southwell are mortgage brokers, which means we search the extensive panel of lenders for the right mortgages suited to your circumstances.
Being a local company customer service is of utmost importance to us. We search an extensive panel of lenders to find you competitive rates and deals and look after the mortgage application from beginning to end to take away any stress. We are proud to have looked after the people of Portsmouth and around the south coast and have years of experience.
Portsmouth Mortgage Market
Insights into current mortgage rates and property prices in Portsmouth.
The mortgage market in Portsmouth is highly competitive, with a variety of lenders offering different products and rates. Current mortgage rates are influenced by the Bank of England base rate and the overall state of the economy, making it essential to stay informed about market trends.
Property prices in Portsmouth vary significantly depending on the location, type of property, and other factors. On average, property prices in Portsmouth are around £265,299, but they can range from approximately £150,000 for a one-bedroom flat to over £500,000 for a larger family home.
The mortgage market in Portsmouth is dynamic, with new products and rates being introduced regularly. A mortgage broker can help you stay up-to-date with the latest developments and find the best deal for your needs. Their expertise ensures you navigate the mortgage market effectively, securing a mortgage that aligns with your financial goals.
First Time Buyers In Portsmouth
Being a first time buyer and buying your first home and looking for your first mortgage in Portsmouth is an exciting prospect but figuring out how to get onto the property ladder can feel overwhelming. We try to make the mortgage advice process as stress free as possible.
By talking to Alexander Southwell Mortgage Services Ltd, not only can you be assured of getting a suitable mortgage deal based on your needs, circumstances and preferences.
You will also be guided through the maze of the mortgage process in a friendly, professional and efficient way. This is important being a first time buyer and we will help you understand the following;
- How much you can borrow
- Finding you the lowest interest rates
- What deposit you require
- Other costs during the process of buying a home
- How much you can afford in monthly repayments
- Government schemes to help get you on the property ladder
Home Movers
A home mover mortgage isn’t any different to a standard mortgage. It’s simply the process of getting a new mortgage with a new mortgage lender when you move home so the mortgage is suitable for the house you’re moving into. As home movers choosing the correct mortgage for you is critical as you will need to ensure it is still affordable whilst suiting your changing needs.
Home Mover mortgages are typically for people who are stepping up the property ladder and looking for a larger home which requires a larger mortgage. We will go through all options of porting your current mortgage with your current mortgage lender, searching for a new mortgage, discussing any early repayment charge which might be due. Getting a mortgage when moving home should hopefully be easier, because we can show the mortgage lenders that you have a track record of being able to keep up repayments. Speak to one of our expert mortgage advisers to lead you through the mortgage maze.
Remortgage Advice In Portsmouth
Most people refinance their current mortgage debt to take advantage of the current market and benefit from cheaper mortgage rates but there are also many other reasons why you might be looking to remortgage –
- Capital Raising: The cash could be for several reasons like home improvements, a holiday or maybe a new car. It might also be a necessity as getting divorced is a fact of modern life and many partners would prefer to stay in their current home if they could raise money to “buy out” their ex partner.
- Capital Raising for a Deposit: Purchasing a second property or a buy to let property is becoming more and more popular; saving for the deposit is quite a difficult process while already paying for a current mortgage.
Buy To Let Mortgages In Portsmouth
Are you looking for your first buy to let property, looking to let your current residential home to buy onwards or an experienced landlord, then Alexander Southwell Mortgage Services can help.
Having the ability to search thousands of mortgage products, we will save you time and money ensuring the right buy to let deal is offered to you.
Buy to let mortgages can be more complicated than you think, especially with the forever landlord changes.
However our experienced mortgage consultants can explain the mortgage advice process, costs and source the best possible avenue to purchase the property, whether that be as personal buy to let or a company buy to let, we have the right mortgage advice & mortgage deals for you.
New Build Mortgages In Portsmouth
New Build Properties are a fantastic option whether you are a first time buyer, upsizing, downsizing or just looking to live in a modern home benefiting from lower running costs and energy bills. There are many other benefits of purchasing a new build property:
- The property is a blank canvas so you can put your own stamp on it.
- No chain in the purchasing process
Excellent quality build - 10 Year Warranty
- Government schemes making them more affordable
Is a new build property in Portsmouth right for you?
Help To Buy Mortgages Portsmouth
The help to buy scheme changes from 1st April 2021. This Help to Buy scheme offers an equity loan where the government lends first-time buyers money to buy a newly-built home. This must be used to buy your main residence and can’t be used to buy a second home or a buy-to-let property.
The help to buy scheme offers an equity loan where the government either lends up to 20% or 40% (For help to buy London) of the property to first time buyers or homeowners to purchase a newly built home.
The Mortgage Process
Step-by-step guide to securing your mortgage.
Securing a mortgage involves several key steps, and a mortgage broker can guide you through each one to ensure a smooth and efficient process. It typically begins with an initial consultation where you discuss your mortgage needs, goals, financial situation, and credit history with the broker.
Using this information, the mortgage broker searches the mortgage market to find the most suitable products for you. Once you select a mortgage product, the broker assists you in completing the application process and submitting it to the lender.
The lender then reviews your application and decides whether to approve your mortgage. If approved, the lender issues a mortgage offer outlining the loan’s terms and conditions. You will need to review and accept this offer, after which the lender releases the funds to complete your property purchase.
Throughout this process, a mortgage broker provides invaluable support, ensuring everything runs smoothly and efficiently. Their expertise helps you navigate the complexities of the mortgage market, making the journey to securing your mortgage as stress-free as possible.
Frequently Asked Questions - Mortgage Broker Portsmouth, Hampshire
Should you pay for a mortgage broker in Portsmouth?
We offer amazing FEE FREE mortgage advice – look at our 5-star reviews from clients mortgages. As brokers for Portsmouth you are able to get expert professional advice across a range of products.
Our dedication at Alexander Southwell Mortgages goes beyond the norm. With a track record of thousands of satisfied customers, we pride ourselves on building lasting relationships and delivering unparalleled service in every mortgage journey.
Is mortgage protection a good idea?
To answer whether life insurance or mortgage protection is worth it or not you have to ask yourself another question; Could you afford to maintain your current lifestyle if you or your partner were suddenly gone? In most cases, the answer will be no. So is Life Insurance worth it? Yes! Your expert broker will find the right deal for you.
Should I remortgage (product switch) with the same mortgage lender?
When your mortgage brokers provide expert mortgage advice we will assess your full situation. In some circumstances it might be worth staying with the same lender, this is called ‘product switching’, it is always worth speaking to a mortgage broker and getting mortgage advice as a small saving on your interest rate could end up saving you thousands of pounds therefore getting the right mortgage deal is important.
How do Fee Free mortgage brokers get paid?
Once we have found our clients the right mortgage deal, when the new mortgage commences the mortgage lender then pays us a procuration fee. This is excellent news for our customers as there is no cost for them through the whole process of looking for a mortgage.
Have A Look At Our Mortgage Broker Reviews
Our Mortgage Service Is Highly Rated!
Alexander Southwell Mortgage Services is rated 5 out of 5 Google reviews.
