It’s a lot to take in, mortgage rates, the sales process, registering for your utilities, comparing schools… When it comes to buying your first home, you need professional advice to make sure you embark on your new adventure with the right foot forward. You want an excellent, stress-free move into your new home and that’s where we come in. We complete all the paperwork for you, dealing with lends, estate agents, solicitors, surveyors and everyone else in the process!
Home, Family and Lifestyle Protection
Protecting your family and home and helping you cope with the unexpected.
A consultation with an adviser will allow us to give you bespoke advice that is professional, knowledgeable and individual.
Insurance policies can be complex and vary according to your individual needs and personal circumstances. As with all insurance policies, conditions and exclusions will apply.
Help to Buy
We are experienced in dealing with the various Help to Buy Schemes.
- SHARED OWNERSHIP
- EQUITY LOAN
- HELP TO BUY ISA
Unsure? Speak to us and we will explain all of the options and recommend a scheme based on your circumstances.
Remortgage
Time to remortgage?
Fixed Rate coming to an end?
We specialise in comparing deals from the whole market and can even access exclusive rates not available directly from High Street Lenders.
Once your fixed rate ends you will typically go onto a variable rate set by your lender, which may mean your mortgage payments increase.
You should think about applying for a new mortgage three months before your existing deal comes to an end.
You may have to pay an early repayment charge to your existing lender if you remortgage
Extra Borrowing
If you need the funds for a big life event additional secured borrowing might be the answer.
- Home Improvements
- A New Car
- A Dream Holiday
- Wedding
Secured Loans are arranged by Introduction Only.
Self-employed & Contractors
Getting a mortgage when you are self-employed can be challenging. You may have even already been into your bank and have been declined.
We can typically arrange a mortgage after a minimum of 12 months of trading.
It’s really important if you are self-employed to take impartial and expert advice on getting the best possible mortgage deal as lending criteria can be very different from one lender to another.
Poor Credit
Life-changing events such as divorce, redundancy and illness can sometimes cause you to miss payments on your mortgage or other financial commitments.
- Missed or Late Payments
- Debt Management Plan
- Defaults or CCJ’s
- IVA’S
Many of the high street lenders will not allow for impaired credit and concentrate only on those borrowers that are showing a perfect credit score.
We specialise in helping people with less-than-perfect credit scores. With this experience, we should be able to point you in the right direction when it comes to matching you with a lender.
Guide to buying your first home
Calculate how much you can afford
Speak to a financial advisor, he will tell you what deposit is required (normally between 10-25%) and give you an idea of what your monthly mortgage repayments will be. You can use our mortgage calculator to help you.
Please take into consideration, stamp duty, conveyancing / solicitor costs and removals.
Secure a mortgage agreement in principle
Agree on an upper limit for your loan from your preferred Mortgage provider, this documentation will be required from your Estate Agency in order to prove to the vendor that you are a serious buyer.
Find Your dream home
Start house hunting and viewing as many properties within your budget and requirements as you can see. Go back and view any properties that you like again or bring a friend / relative for a second opinion.
Make your offer
Your Estate Agent will negotiate, acting as a go-between you and the seller. Once you have agreed on a final price for the property you can start the buying process.
Instruct your solicitor
It normally helps if you can be recommended to a good solicitor, ask your Estate Agent who they would suggest, they should have a recommended list of firms that they deal with regularly that will offer you a good service.
Survey and loan valuation
For your Estate Agent and the vendor to consider your offer seriously you should book your survey as soon as possible. Your mortgage lender will now assess if the property is worth what you have offered to pay for it.
Finalise your mortgage
Once the relevant searches, land and building surveys have been carried out to the satisfaction of your lender and solicitor. Your mortgage company will confirm that your application can proceed and issue you with a confirmed offer.
Exchange Contracts
Your solicitor will contact you to confirm your deposit money, you will need to transfer this amount to your solicitor, this acts as a binding agreement between you and the seller. At this point, you should also get a quote for buildings and contents insurance.
Finalise Your Contracts
A completion date will have been negotiated between your solicitor and the sellers. Make sure your mortgage lender is ready to release funds in advance of your completion date. Once funds have cleared your solicitor will confirm that deeds have been transferred and your purchase is complete!
Move In
This is the moment you have been waiting for! Andrew Hill Estate Agents wish you the very best of luck.