As you purchase your very first home, you will surely be excited and nervous at the same time. There are thousands of different types of mortgage products on the market at any given time and understanding which one best suits your needs takes patience, skill, and understanding.
Sometimes headline rates are not the overall best value offering.
For example, a mortgage of say 3.0% could work out to be more expensive than a mortgage with an interest rate of 3.2%. The devil is always in the detail.
Therefore, not only getting the right type of mortgage to suit your personal circumstances and the best value for money can potentially save you a great deal of money even over a short period of say a 2 year fixed mortgage and potentially thousands of pounds over the whole term of the mortgage.
As a first-time buyer, it is imperative that you fully understand the commitment and obligations you make when taking out a mortgage.
We can "hold your hand" through that process and ensure that you find the right mortgage that best suits your personal circumstances and needs.
Get in touch so we can help you make sense of the mortgage process for a first-time buyer and explain the options available for you. We are unique in having a sister company, Penn Chambers Solicitors, that can assist you in that regard to ensure that you have holistic solutions to your needs.
We look forward to working together.
077 8026 8027
Please note that Penn Financial is Authorised and Regulated by the Financial Conduct Authority and Penn Chambers Limited is Authorised and Regulated by the Solicitors Regulation Authority.
The information provided in this article is not intended to constitute professional advice and you should take full and comprehensive legal, accountancy or financial advice as appropriate on your individual circumstances by a fully qualified Solicitor, Accountant or Financial Advisor/Mortgage Broker before you embark on any course of action.