As a first time buyer in Wirral, it is natural to feel overwhelmed during the home buying process. As a trusted and experienced mortgage broker in Wirral, we have helped countless customers through the mortgage process, helping them achieve their dream of homeownership.
In addition to securing the right mortgage, finding your ideal property can be both an exciting and daunting task, leaving many unsure of what questions to ask the estate agent during property viewings.
As a mortgage broker in Wirral, we recognise the challenges that buyers may face and have therefore compiled a list of key questions that we recommend asking before you make a property purchase in Wirral.
Our aim is to provide you with the necessary knowledge and support to make informed decisions and ultimately secure the home of your dreams.
The level of interest shown by other potential buyers in a property can provide a lot of insight into the amount of time you have to make a decision. Additionally, it can also reveal other crucial factors.
For instance, if a large amount of people have viewed the property but no one has made an offer, it could indicate that the asking price is too high, or there may be a flaw with the property that has put off many people.
To gauge the amount of interest a property is receiving, you can either ask the estate agents directly or check the number of people who have viewed the property if the information is available.
This will allow you to make a more informed decision on whether the property is right for you and if you need to act fast to secure it.
When looking to buy a home, you may find yourself caught up in a property chain. This happens when the seller is waiting for the sale of their property to go through, which can hinder your own purchase. Property chains can involve multiple transactions and buyers, making it quite complicated.
As a homebuyer, being part of a property chain can have a big impact on your mortgage journey. It can cause delays and uncertainties, as you are essentially waiting on the completion of the seller’s property sale before you are able to proceed with your own purchase.
On the other hand, if you are buying a property that is not caught up in a chain, you may be able to move into your new home much quicker. Sellers often prefer buyers who are not part of a chain, as it means there is a lower chance for complications or delays in the buying process.
It is always a good idea to mention to the estate agent or seller that you are not part of a property chain, as it can work in your favour when negotiating the sale. This can make you a more attractive buyer, as you are able to move quickly and efficiently through the home buying process.
Finding items left behind by the previous homeowner can be both a good thing and a bad thing. On the one hand, it’s a welcome bonus if you plan to use the items. That said, it can become a hassle if you don’t need them, as you’ll have to dispose of them yourself.
If you’re moving into a new build, this may not be a concern as most new builds don’t come with appliances or furnishings. Some developers may offer the option to have appliances or fittings installed for an additional fee, which can be a convenient way to get your new home move-in ready.
Getting a good idea of your potential neighbours can be a key factor in your decision to buy a property, especially if you are unfamiliar with the area.
For those who are considering purchasing an existing property, they may have the opportunity to experience the community atmosphere and get a feel for their neighbours by visiting the area.
If you are interested in purchasing a new build property, this may not be possible, as there may not be any established neighbours to meet prior to the purchase.
It is key to find out how much the costs of running the home will be, such as gas and electricity. Asking this question can be important, as you can have a further understanding of what the monthly bills would be like living in this property.
When considering purchasing a property, it is important to factor in the costs of running it. The cost of gas and electricity can vary depending on a number of factors, including the size of the property, the age of the property and the energy efficiency of the property.
By asking about the estimated costs of running the home, you can gain a better understanding of how much your monthly bills will be and whether this is an affordable option for you.
It is also important to consider any other bills that may be associated with the property, such as water rates and council tax.
For those who love to spend their sunny evenings in their garden and like to read in natural light, you may be particular about which way the property faces.
The direction in which a property faces can have a big impact on the amount of natural light it receives throughout the day, which can affect how comfortable and enjoyable it is to live in.
South-facing gardens are highly sought after as they receive the most sun throughout the day, making them perfect for outdoor entertaining and gardening. That being said, however, properties with south-facing gardens often come at a premium price.
It’s important to consider whether having a south-facing garden is worth the extra cost, and whether there are other factors that are more important to you when choosing a property.
Despite this showing on the property survey, it is key to know what type of work will be required on the property. Things you will need to consider include:
It is always a good idea to ask about the seller’s willingness to negotiate the asking price. This can give you an idea of whether you have some room to negotiate or not. If the seller is open to offers, it could work in your favor to offer a slightly lower price.
Make sure that your offer is still beneficial to the seller. For instance, if you can complete the purchase quickly, without being caught in a property chain, the seller may be willing to accept a lower offer to ensure a fast sale.
Setting a move-in date can be very helpful, especially if you are part of a property chain. It’s a good idea to inform your buyer of the move-in date as well so that they can plan accordingly.
Having a move-in date in place can help you organize your move and start booking services such as removal vans.
If you are considering moving home and need help with your mortgage, as an experienced mortgage broker in Wirral can help! Book your free mortgage appointment today and we’ll see how we can be of assistance.
It can be common to feel overwhelmed in the home buying process, especially if you are a first time buyer in Southport. Through our experience as a mortgage broker in Southport, we are proud to have helped thousands of customers feel at ease in the mortgage process.
Alongside the mortgage process, it can be an exciting but difficult venture when finding your dream home with many wondering what they need to ask the estate agent when taking property viewings. We understand that this can be a challenge which is why we have collated a list of questions we feel is best to ask before buying a property in Southport.
The amount of interest there has been from other potential buyers of the property can strongly reflect the amount of thinking time you will have. It can also uncover other aspects, for example, if many people have been taking property viewing and have not made an offer it may be because the asking price is a lot higher or there is an issue with the property that has put many people off.
To find out the amount of interest on a property, simply ask the estate agents or see how many people have viewed the property if possible.
A property chain occurs when your property purchase is stalled because the seller is waiting for the sale of their property to go through. This can obviously keep going meaning there can be many transactions and buyers involved.
If you are part of a chain, this can play a significant role in your mortgage journey.
On the flip side, if you are buying a property that is not caught up in a chain, there is a high chance that you will be able to into the home a lot quicker. A seller’s ideal buyer is normally someone who isn’t part of a chain as they won’t be interrupting the home buying process so it’s key you mention this as it can work in your favour.
Items that have been left behind by the previous homeowner can be a blessing and a curse. It’s brilliant if you are going to use the item, however, it’s an issue if you don’t as it will be your job to dispose of it yourself.
If you are moving into a new build, this may not be an issue as most of them don’t come with appliances. There may be an option to pay more to get some of these appliances fitted in your home for when you move in.
Getting a feel of what your neighbours are like can be a make or break decision for many. In particular, if you are new to an area.
For many people, they can get an idea of the neighbours as they already live in the property and the community feel is present. For those looking at moving to a new housing development full of new builds, it can be difficult as no one will be able to meet their neighbours before purchase.
It is key to find out how much the costs of running the home will be like gas and electricity. Asking this question can be important as you can have a further understanding of what the monthly bills would be like living in this property.
It’s also best that you look at the council tax in the area to get an idea of how much you will be accountable for each month.
For those who love to spend their sunny evenings in their garden and like to read in natural light, you may be particular about which way the property faces. If you have a south-facing garden, this means you will get the most sun throughout the day. You may find that these types of properties come with a premium price.
Despite this showing on the property survey, it is key to know what type of work will be required on the property. Things you will need to consider include:
Remember to ask the seller whether they are open to offers or not because you will be able to know whether there is an opportunity to negotiate or not. To increase the chance of them saying yes, we do recommend you include a lower offer that could benefit the seller. For instance, if you are able to get through the property pretty quickly and are not caught in a property chain, our team may be able to offer slightly lower so that the sale goes through fast.
Setting a “move-in” date is beneficial, in particular, if you are in a property chain yourself. It’s also good to notify your buyer about this date too so that they have a move-in date.
Setting this date can help you set out a plan for moving into the property and start booking removal vans etc. If you are looking for assistance from a mortgage broker in Southport, for moving home, get in touch with our team and book yourself in for a free mortgage appointment.
Using a mortgage broker in Blackpool can be incredibly beneficial whether you’re a first time homebuyer, property investor, or looking to remortgage. With access to a wide range of mortgage products and expert knowledge, a mortgage broker in Blackpool can help you find the best deals and lenders in the market.
At Liverpoolmoneyman, we strive to simplify the process of securing a mortgage, providing you with the support and guidance you need. Contact us today to learn how we can help you achieve your mortgage goals.
With over two decades of expertise in the mortgage industry and a wealth of knowledge, we have assisted numerous clients in securing a mortgage in Blackpool.
Our commitment to transparency and integrity is at the core of our mortgage advisory services in Blackpool, providing a reliable and trustworthy source of guidance for individuals seeking mortgage advice in Blackpool. We take pride in offering open and honest advice to ensure that our customers receive the best possible mortgage advice for their unique circumstances.
Once you’ve found your dream home, chosen a buy to let property, or are approaching the end of your initial fixed period, it’s time to seek out the perfect mortgage product. Our role as a reputable mortgage broker in Blackpool is to help you identify the ideal mortgage product for your unique financial and personal situation.
To get started, simply book a free mortgage appointment with our team, which can be conveniently scheduled online or by reaching out to us. During this consultation, you will be assigned a dedicated mortgage advisor in Blackpool who will conduct a thorough assessment of your financial status and inquire about your specific needs and goals.
By gathering this information, your advisor will be able to search for the most suitable mortgage product that meets your requirements. A benefit of approaching a mortgage broker in Blackpool, is that we have access to a large panel of lenders who offer a range of a variety of products. Our team will search through 1000’s of mortgage deals to find the one that best matches your unique circumstances and property.
When searching for a mortgage, it can be difficult to know where to start. That’s why many people turn to mortgage advisors to help guide them through the process. If you’re based in Blackpool and have found a recommendation that you’re happy with, the next step is to work with a dedicated case manager.
Your case manager will help you prepare your mortgage application and keep you informed throughout the entire process. They will also be able to answer any questions you may have and explain any technical jargon in simple terms.
To ensure that you’re able to afford the mortgage you’re applying for, you will need to provide some documents. These typically include a photo ID, proof of address, bank statements, payslips, proof of deposit, and your latest P60. Your case manager will ensure that these documents are submitted correctly and will demonstrate to the lender that you’re capable of affording the mortgage.
The reason for this is simple – lenders need to have confidence that you’ll be able to repay the loan they’re offering you. Just like you wouldn’t lend money to someone who you don’t believe can pay it back, lenders need to ensure that they’re making a sound investment. By providing the necessary documentation, you’re helping to build that confidence and increase your chances of securing a mortgage that meets your needs.
As a responsive mortgage broker in Blackpool, we are able to get you an agreement in principle within less than 24 hours of your free mortgage appointment.
An agreement in principle is a document issued to you by your lender stating that you are able to borrow from them for your mortgage. This is agreed upon in principle of you providing evidential documents to support your income and affordability. The evidential documents that you need to provide will be bank statements, payslips, proof of ID, proof of address, proof of deposit and the latest P60. This can change if you are a self employed mortgage applicant.
AIPs usually last between 30-90 days. If your AIP expires, you can easily renew it by getting back in touch with your mortgage advisor in Blackpool.
Our brilliant “Get Started” process allows you to book your free mortgage appointment online. We work 7 days a week to ensure that you can pick a mortgage appointment at a time that best suits you. We have appointments available during the morning, evening or late at night.
There is also an option to give us a call to arrange your free mortgage appointment if you want to. Get in touch today and take advantage of a free mortgage appointment with a mortgage broker in Blackpool.
Utilising our knowledge and 20 plus years of experience in the industry as an expert mortgage broker in Chester, we have encountered various mortgage situations including complex ones. Our team are here to provide you a helping hand with overcoming any hurdles.
Getting in touch with a mortgage broker in Chester can be really beneficial if you are looking to buy a property or remortgage in Chester. A huge advantage is that you have access to a large variety of mortgage products from a range of mortgage lenders.
We have built close relationships with many lenders as a mortgage broker in Chester which means we have access to a large panel of products that you may not have access to by going directly to the bank.
The significant benefit of approaching mortgage broker in Chester, like us, is that we can help you find a mortgage product that is suitable for your situation and your financial needs.
Furthermore, the mortgage process can be daunting and may get complicated. This is why our team are here to help you with the documentation, paperwork and legal aspects that are involved in the mortgage process. This is especially helpful if you are a first time buyer and are not familiar with the process.
When you approach a mortgage broker in Chester, you can speak to an advisor about your situation as well as get the trusted mortgage advice in Chester you need. An advisor’s job is to then find you the mortgage that is suitable for your situation and take as much stress away from the mortgage journey as possible.
You could save a lot of time and money when you get in touch with a mortgage broker in Chester as they can find you a competitive mortgage deal with favourable interest rates and fees which can help save you money over the time of the mortgage.
As well as this, a mortgage broker in Chester can help you find deals with lower upfront costs which can be helpful for first time buyers or those looking to remortgage.
Speaking with a mortgage broker in Chester can provide access to a large variety of mortgage products, make the mortgage process simple, and potentially save you money. It’s a brilliant service that can help you towards mortgage success.
Our customers are at the heart of the company which is why we provide a service where we take a thorough look at your situation, get to know your mortgage goals and find you the best product.
Our aim as a mortgage broker in Chester is to support you through every step of the mortgage process and find you a mortgage product that is appropriate for your financial situation.
We work hard in getting mortgage success the first time around. Therefore, we won’t recommend mortgage deals that we know don’t line with your mortgage goals and situation.
We always go the extra mile for our customers and provide additional services including insurance options which can keep you financially covered in any unexpected circumstances.
Firstly, you need to get in touch with us as a mortgage broker in Chester to start your mortgage journey. Our team will take some details from you like your name, contact number and what you are looking to achieve with a mortgage.
We will then book you a free mortgage appointment with one of our expert mortgage advisors in Chester who will ask you a series of questions to get an idea of your situation and get to know your mortgage goals.
Within your free mortgage appointment, your dedicated mortgage advisor will carry out an affordability assessment in order to find the mortgage product that is perfect for your situation.
They will sort out an agreement in principle for you usually 24 hours after your free mortgage appointment.
Our mortgage advisors in Chester will then go away and search through our large panel of lenders to find a mortgage product that matches your situation. We will then forward the recommendation to you and it’s your choice whether you accept or decline it.
As soon as you are happy with the recommendation, our team will begin preparing for your mortgage application. Throughout the process, our team will search through 1000s of mortgage deals whilst providing top-level customer service.
A benefit of approaching a mortgage broker in Chester is that you can get a mortgage product that is tailored to your situation. We have access to a variety of competitive mortgage deals from our large panel who offer both high street and specialist products meaning regardless of your situation, we can work hard to find the perfect product for you.
Our team understand that applying for a mortgage can be quite intimidating, especially if you are going through the process for the first time. This is why our friendly team provide hands-on support and is just a phone call away to answer any of your questions
We have extensive knowledge about every lender’s criteria and can utilise this information to match you with a mortgage lender that is very likely to accept your application based on your unique mortgage situation.
Providing a friendly and supportive customer experience is at the top of our list here at Liverpoolmoneyman. We have built a fantastic reputation of not only helping many customers obtain a great mortgage deal but, leaving them feeling at ease and supported when they have reached their mortgage goals.
Take a look at our genuine customer reviews which strongly reflect how we have helped many homebuyers and homeowners on helping them on their mortgage journey.
If you are looking for expert and supportive mortgage advice in Chester, please get in touch with our team today. We have a team of dedicated mortgage advisors in Chester who are here 7 days a week and are ready to help you towards mortgage success.
At the start of your mortgage journey, you may be unaware of the many types of mortgage available to you. Whether you are a first time buyer in Chester, looking to move home or remortgage, there are plenty of options available.
If you are wondering what types of mortgages are available and are looking for one that will suit your situation, we have compiled a list of the different types of mortgages on offer along with educational videos.
For further information regarding any of the mortgage options listed below, please get in touch to a knowledgeable mortgage broker in Chester today. Our team will be able to answer any of your questions and help you pick the most suitable option.
With a fixed rate mortgage, you will find that your mortgage payments will remain constant for a certain period of time. You can choose the duration of time you want to fix your payments, with popular choices ranging from two to five years, or sometimes even longer.
Many people go for this type of mortgage as our mortgage payments will not change regardless of if there is fluctuations in inflation, interest rates or the economy. This can be beneficial for many with their mortgage payments being their biggest financial obligation.
This can provide peace of mind and stability for homeowners, making it simple to manage their finances in the future.
A tracker mortgage is when the interest rate you pay is linked to the Bank of England’s base rate so it’s not determined by you or the mortgage lender. This will result in your interest rate changing if the base rate changes.
Generally, a tracker mortgage will be set at a certain percentage above the Bank of England base rate. For example, if the base rate is 1% and your tracker rate is 1% above the base rate, your interest rate will be 2%. If the base rate changes, your interest rate will also adjust accordingly.
Even though the interest rate on a tracker mortgage can go up or down, it can be suitable option for those who want to take advantage of any potential rate drops. With that in mind, remember that the base rate increases, so will your mortgage payments, which could impact your finances.
If you are on a repayment mortgage, you will need to make monthly payments that include both capital and interest. As long as keep up with the payments, you will have paid off the full mortgage amount at the end of the term.
This is one of the safest mortgage options if you are looking to repay the capital borrowed from the mortgage lender. In the initial years of the mortgage term, a lot of the payments will go towards interest and the balance will decrease slowly, especially if the mortgage term is over 25, 30 or 35 years.
Further into your term, more of your payments will go towards reducing the capital balance. When you are in the last decade of your mortgage term, your payments will go towards paying off the capital allowing you to reduce your balance quicker.
Interest only mortgage used to be a popular option for homeowners and have become last common in recent years, especially in the residential market.
An interest only mortgage is usually offered to those looking to get a buy to let mortgage, however, it can be difficult for this type of mortgage to be used on residential properties.
When it comes to offering interest only mortgages, mortgage lenders have usually steered away from it. This is because of the potential risks involved, however, it can still be a good option for some.
For instance, if you plan to downsize in the future or have other investments that you can to repay the capital, this is where an interest only mortgage can be beneficial. It’s key to remember that mortgage lenders have tightened their criteria when it comes to offering interest only products.
Loan to value ratios are generally a lot lower than they were before, and mortgage lenders are stricter in their affordability assessments to see whether the borrowers can repay the loan at the end of the term.
With this in mind, we do strongly recommend speaking to an expert mortgage broker in Chester to explore whether an interest only mortgage is the most appropriate option for your circumstances.
An offset mortgage is when the mortgage lender makes a savings account which is linked to your mortgage account.
If you have a mortgage balance of £80,000, and £20,000 is deposited in your savings account, you will be required to pay on the difference between the two which results in £60,000 in this case.
This type of mortgage can be a helpful way to manage your finances, particularly if you pay a higher rate of tax.
The moving home process can be stressful and often daunting, especially for first time buyers in Blackpool. As a mortgage broker in Blackpool, our job is to help you through the entire mortgage process and make your journey stress-free.
We know that it can be difficult to find the perfect property and know what to ask the estate agent when taking property viewings. We have made this guide to help you decide where to buy your new property in Blackpool and what you should be asking before buying a property.
Looking at how many people are interested and have been interested in the property could help you find out whether there is something wrong with the property. If loads of people have been taking property viewings, yet no one has made an offer, the property asking price is clearly too high or there is something wrong with it.
Feel free to ask the estate agents or check how many people have viewed the property if you can.
A property chain is where your property purchase is slowed because the seller is waiting for the sale of their property purchase to go through. As you can imagine, this chain can go on and on, through multiple buyers.
In the case where you are part of a chain, this can play a significant part in your mortgage journey.
On the other hand, if you are buying a property that is not caught in a chain, you will likely be able to move into the home a lot faster. From a seller’s point of view, their ideal buyer would be someone who won’t be interrupting the home buying process because of selling. As a mortgage broker in Blackpool, we would recommend that you use this to your power during your negotiation stage.
Sometimes, your seller may leave behind items and/or appliances in the property when they move out. Usually, we see sellers leaving behind washing machines, fridges etc.
This may not be the case when you buy a new build as most of them do not come with appliances. You may be able to pay extra to get some of these appliances fitted in your home for when you move in.
When the previous homeowner leaves items, it can be positive and negative. If you can use and want the item they have left behind, great, however, if you do not want them, you will have to get rid of them yourself.
Finding out what your neighbours are like is a huge part of buying a home. This is especially the case if you are moving into an area you know nothing about.
When purchasing a new build property in Blackpool, you won’t get the chance to speak with your neighbours as everyone is in the same situation as you.
Especially with the rising costs of bills and electricity, it is important to find out how much the costs of running your home will be. This is why we recommend asking questions and carrying out research before committing to the property.
You can also take a look at the council tax in the area to get a rough idea of how much you will be accountable for each month.
If you enjoy sunny evenings in your garden and reading in the natural light, you will need to work out which direction your house faces. Having a south-facing garden will mean that your garden gets the most sun throughout the day. This factor could actually increase the house price.
Even though this will likely show on a property survey, it is important to know what sort of work will be needed on the property. You want to know:
Make sure to ask the seller whether they are open to offers or not, this will let you know whether there is a chance to negotiate or not. To improve your chance of them saying yes, you should include why a lower offer can benefit them. For example, if you are able to advance through the process straight away and are not caught in a property chain, you may be able to offer slightly lower so that the sale goes through quickly.
Getting a “move-in” date is essential, especially if you are in a property chain yourself. You can let your buyer know this date too so that they have a move-in date also.
Having this date can help you work out a plan for moving into the property and begin booking removal vans etc. If you need help from a mortgage broker in Blackpool, when moving home, make sure to get in touch and book your free mortgage appointment online.