Fee Free Mortgage Broker Winchester
Need a fee free mortgage broker and adviser in Winchester? 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.
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Mortgage Broker Winchester
Alexander Southwell Mortgage Services Ltd is an expert mortgage broker business for customers in Winchester. Our team provide expert mortgage & financial 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 mortgage broker that has access to a large panel of mortgage lenders.
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Why choose Alexander Southwell Mortgage Services?
Alexander Southwell Mortgage Services Ltd offer a comprehensive range of mortgage products in Winchester, Hampshire from across the market. We offer both first and second 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 estate agents in Winchester, mortgage lenders and local solicitors to make sure the process is as smooth and hassle-free for you as possible.
Team of expert mortgage brokers and advisers.
Excellent communication via WhatsApp, Skype, phone, email and SMS.
100% FEE FREE mortgage service.
Why get a mortgage in Winchester?
Winchester is renowned for its world class architecture, delicious dining and countrywide trails for walking and cycling meaning there is plenty to do around the city. Winchester is home to one of the largest cathedrals in Europe, Winchester Cathedral. It also boasts the largest farmer’s market in the UK, restored Edwardian theatre royal Winchester and dozens of upmarket stops and restaurants making it a hot spot for locals and tourists.
The residential attractiveness of Winchester has brought commuters and retired persons in increasing numbers. As the connections are excellent due to the railway stations and major motorways within easy reach professionals find Winchester a prime spot for more rural living whilst being a commutable distance to major cities offering ample job opportunities.
All in all, Winchester is a city full of beautiful architecture and historical interests, along with its fast links to other towns and cities, like Bournemouth & Brighton, this has led Winchester to become one of the most expensive and desirable areas of Hampshire, even the UK.
FEE FREE Winchester Mortgage Brokers and Mortgage Adviser
We have a team of CeMAP qualified mortgage and protection advisers.. We offer advice into the finance market and a range of mortgages across all mortgage providers, insurance, and property services in Winchester 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 Mortgage brokers pride themselves in making the whole process as smooth and as simple as possible without giving you lots of jargon.
Alexander Southwell are mortgage advisers, which means we search a comprehensive panel of lenders for the right mortgages suited to your circumstances.
First-time buyer advice
Remortgage advice
Solicitor recommendations
Life Assurance advice and services
Mortgage protection services
Buy To Let advice
Being a local Independent company in Winchester, customer service is of utmost importance to us. We search our panel across the mortgage market to find you the right rates and deals and look after the mortgage application form beginning to end to take away any stress. We are proud to have looked after the people of Winchester and around the south coast of the UK for many years.
First Time Buyers Winchester
Buying your first home and looking for your first mortgage in Winchester is an exciting prospect but figuring out how to get onto the property ladder can feel overwhelming.
By talking to Alexander Southwell Mortgage Services Ltd, you can be assured of getting a suitable mortgage deal based on your needs, circumstances and preferences.
Your mortgage broker will also be guide through the first time buyer 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 Winchester
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.
Our mortgage broker 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 brokers to get mortgage advice and to lead you through the mortgage maze.
Remortgage Advice Winchester
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 change your current mortgage deal & re mortgage –
- 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 Winchester
Are you looking for your first buy to let property, looking to let your current residential 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 deal is offered for you.
Buy to let mortgages can be more complicated than you think, especially with the forever mortgage industry landlord changes, however our experienced mortgage consultants can explain the 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 answers for you.
New Build Mortgages Winchester
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 Winchester right for you?
There are many important things to consider when deciding if a new build home is right for you. Just because a home is new, it does not mean it will be completely free from defects which may lead to negotiations with your builder.
Depending on the stage of the development, you may spend the first few months or even years in your home on a building site. You may need a larger deposit for a new build property and timing your mortgage with your home completion can get complicated, this is why you need Winchester mortgage experts to help through this journey.
Help To Buy Mortgages Winchester
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.
How does Help To Buy Work?
- You need at least 5% of the sale price of your new build property for the deposit. You can input a larger amount if you would like to.
- The government lends you up 20% of the sale price
- You borrow the rest from the mortgage lender for the remaining 75%
- The loan will run for a maximum of 25 years
- You don’t pay any interest or fees on the government equity loan for the first five years, in the sixth year you will be charged 1.75%
It is critical to get mortgage advice when using any government scheme because your mortgage broker will assess your full mortgage needs and recommend the type of specialist mortgage which is going to suit you. The maximum purchase price for a Help to Buy property depends on what region of England you live in. You can’t use Help to Buy to purchase a property above these limits.
Details of this excellent Government backed scheme can be found on the Help to Buy (South) website.
Help to Buy Equity Loan will close to new applications on 31 October 2022.”
Frequently Asked Questions - Mortgage Broker Winchester, Hampshire
Should you pay for a mortgage broker in Winchester?
We offer amazing FEE FREE mortgage advice – look at our 5-star reviews from clients mortgages. As brokers for Winchester you are able to get expert local 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.
I have bad credit, can you still find me a suitable deal?
Your credit score will play a huge part for you getting a mortgage.
Before searching the property market and visiting your estate agent we would highly recommend getting an agreement in principle first. Here are a few extra steps to take.
Check Your Credit Report: Before you start, make sure you have a clear understanding of your credit situation. Obtain a copy of your credit report from major credit bureaus to see exactly where you stand and to check for any errors that might be negatively impacting your score.
Improve Your Credit Score: If possible, take steps to improve your credit score before applying for a mortgage. This could include paying down existing debt, making sure all bills are paid on time, and correcting any inaccuracies on your credit report.
Save for a Larger Down Payment: A larger down payment can sometimes offset the risk a lender takes in loaning money to someone with bad credit. It reduces the loan-to-value ratio, which can make you a more attractive borrower.