FREE Mortgage Broker in Luton
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, free mortgage broker Luton, Bedfordshire.
Independent Mortgage Broker & Advisors for Luton
Mortgage Broker Luton – Alexander Southwell Mortgage Services Ltd is an impartial mortgage broker business for customers in Luton. Our team provide expert mortgage and 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 independent whole of market 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 Luton 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 Luton estate agents, mortgage lenders and local solicitors to make sure the process is as smooth and hassle-free for you as possible.
Why get a mortgage in Luton, Bedfordshire?
Luton is the most populous town in Bedfordshire.
Near enough to the Big Smoke to enjoy the hustle and bustle of London culture and a painless commute, but far enough away to enjoy wide-open spaces and avoid crippling house prices, Luton ticks a lot of boxes.
Whilst it may have been tarred with the same post-industrial brush as many north eastern towns and cities, affordable house prices, a multicultural vibe and the picturesque Chiltern Hills on the doorstep mean Luton is not to be sniffed at.
Luton has three train stations; Luton, Luton Airport Parkway and Leagrave. Both Luton and Luton Airport Parkway serve a number of nearby locations, with Luton train station running a direct service to London St Pancras International.
Get expert mortgage advice from Alexander Southwell Mortgage Services, a highly rated FEE FREE mortgage broker Luton. Our FCA approved mortgage brokers offer financial advice in Luton and across the south of England.
FEE FREE Luton Mortgage Brokers and Mortgage Advisor
All of our advisers are FCA approved mortgage broker with a team or CeMAP qualified mortgage advisers and protection advisers. We offer advice into the finance market and a range of mortgages, insurance, and property services in Luton 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 Luton achieve their best mortgage service and rates.
We pride ourselves in making the whole process as smooth and as simple as possible without giving you lots of jargon.
Alexander Southwell are independent mortgage advisers, which means we search the entire mortgage market for the best mortgages suited to your circumstances.
Being a local independent company customer service is of utmost importance to us. We search the whole mortgage market to find you the very best 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 Luton and around the south coast of the UK for many years.
First Time Buyers In Luton
Buying your first home and looking for your first mortgage in Luton 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, 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 In Luton
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 brokers to lead you through the mortgage maze.
Remortgage Advice In Luton
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.
- Debt Consolidating: This is the process of incorporating some or all of you unsecured debts i.e. credit cards, loans etc. within your mortgage debt.
- 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 Luton
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 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 In Luton
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 Luton right for you?
Help To Buy Mortgages In Luton
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 whole of market independent 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.
Frequently Asked Questions - Mortgage Broker Luton, Bedfordshire
We offer amazing FEE FREE mortgage advice – look at our 5-star reviews from clients mortgages. As brokers for Luton you are able to get expert local advice across a range of products.