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GETTING ADVICE FOR YOUR MORTGAGE

My name is John Pearson, and I’ve been working in the mortgage market for the last forty years.

When I started out at a small branch of the Halifax, we had one computer between fifteen of us, and no fax machine. We did have a telephone each, but that was about it. No internet in those days!

As a result, there’s very little I haven’t seen in the mortgage market.

From mortgage underwriting to running mortgage departments, selling mortgages to brokers, and now running my own brokerage, I’ve seen the industry from every angle.

So why come to us for a mortgage, as opposed to going to a lender yourself?

There are a number of reasons.

We’re qualified and offer advice. This means you are protected by the Financial Ombudsman if things go wrong.

We’ll check to make sure you can afford the mortgage, and we’ll get your paperwork is in order.

Also, we have access to schemes only available to brokers, and not available from “high street” lenders.

We’ll support you all the way through the process. It’s always good to have someone on your side, particularly during the current COVID19 situation.

“IT’S WHAT WE DO”

The mortgage market is flying at the moment. The pent-up demand from the lock-down earlier in the year has been released, and there is a stamp duty holiday that ends on 31st March 2021 - many clients are finding properties and submitting applications now.

But there are a couple of matters that could cloud the issue.

Brexit has been pushed into the background for a while, but we are leaving the EU for good on 31st December 2020, and the impact of this is unknown.

Additionally, widespread job losses are expected. If people aren’t secure in their jobs, they’re unlikely to want to buy a house, therefore they won’t want a mortgage.

Lenders are understandably nervous about the market at the moment. Consequently, they ask for more and more information about how clients have coped during the pandemic, e.g. questions about being furloughed, returning to work, taking government assistance.

This is particularly important if you are self-employed. How did the business cope during lockdown? How did it adapt? Did it take a bounce-back loan? What evidence does the lender require?

This is why you should talk to us.

We can help with all of this, it’s what we do.

Established in 2008, and based in Penarth, we offer impartial mortgage advice from the whole market (unlike your local bank or building society), which means that we can find the most suitable mortgage for you from the hundreds that are out there.

The types of mortgage we arrange include:

- Residential purchases and re-mortgages

- Buy to let purchases and re-mortgages

- First time buyer

- Self-employed

- Debt consolidation re-mortgages

- Let to Buy

- Adverse credit mortgages

- Shared Ownership

- Unusually constructed properties

Why walk up and down the High Street to find the right deal, when we can do all the work for you?

We're more than happy to discuss your requirements, research the market, and get back to you with an answer.