Lonsdale mortgage brokers offer mortgage advice to first time buyers 

Wednesday 30 August, 2023

Our qualified Lonsdale Mortgages broking teams in St Albans and Lichfield can save first time buyers time by securing a mortgage right for you.

Just call our mortgage advisors on 01727 845500 or complete our booking consultation and one of our mortgage brokers will call you back.

How our mortgage brokers can help you secure a mortgage

Understand mortgage products

We explain the different mortgage options available to you.  Our Lonsdale mortgage brokers are trained to understand the various mortgage products, so we can compare variable rate and fixed rate mortgage options and their costs.  We also discuss mortgage protection cover.  Various protection products are available including income protection, life insurance cover and critical illness cover. 

Which mortgage product?

Choosing the best mortgage product for your situation is important as it will affect how much you repay in future.  With interest rates rising and mortgage rates constantly changing it can be helpful to discuss your options with a mortgage broker.  You could consider a variable tracker mortgage (where the rate changes in line with the Bank of England base rate) or a fixed rate mortgage. If you choose a fixed rate mortgage your monthly payment remains the same throughout the mortgage term.  Fixed rate mortgage products are usually available for two, three or five years. 

Consider your financial situation

Before offering mortgage advice our mortgage advisors will assess your financial situation, your savings, current and future income, and expenditure so you know how much you will be able to borrow. We can also review your credit rating so you know which lenders will be prepared to offer you a mortgage.  

Review the mortgage market

Our mortgage brokers understand what is happening in the mortgage market and have access to a wide range of mortgage products. Once you decide what type of mortgage you require, we can source options for you.  

Excellent service - Google 5* reviews

Our Lonsdale mortgage broking team offer excellent client service.  Our mortgage and protection advice service is rated 5* on google.  Read more reviews on our website.  Our mortgage advisers can save you time by helping you complete your mortgage application and liaising with your solicitor.

Amy Kadir, Lonsdale mortgage broker, St Albans, Hertfordshire said: 

‘Given the cost-of-living crisis and the volatile mortgage market all first-time buyers are finding it hard to get onto the mortgage ladder.  Mortgage lenders are asking for large deposits and first-time buyers are concerned about the cost of servicing their mortgage.  For these reasons it’s helpful to get mortgage advice so you feel confident you are choosing the right mortgage for your circumstances.  We always recommend that customers call us before they start house-hunting so they know how much they can borrow and how much deposit will be required.  Remember too that you will have other costs when you purchase your first home, including mortgage arrangement and valuation fees, stamp duty, building insurance, solicitor fees, survey costs, removal and moving costs.

Why choose to work with a Lonsdale mortgage broker?

Amy Kadir, Lonsdale mortgage broker, St Albans, Hertfordshire continued:

‘In 2021 Lonsdale Services won the National Professional Adviser Award, best adviser firm for Vulnerable Client Care.  We are committed to always providing excellent customer service, this includes helping first time buyers through the mortgage process. Our St Albans office provides mortgage and protection advice to first-time buyers from Hertfordshire, Bedfordshire, or North London.  Many of our customers purchase properties in St Albans, Luton, Watford, Park Street, London Colney and Wheathampsted.  We also have an office in Lichfield with customers in Stafford and the West Midlands. 

In summary…

If you are looking to purchase your first home and need mortgage advice or protection cover contact our Lonsdale Mortgages St Albans broking team now on 01727 845500 for an initial mortgage advice consultation.  

As a mortgage is secured against your home or property, it could be repossessed if you do not keep up the mortgage repayments.  The information contained in within this article is for guidance only and does not constitute advice which should be sought before taking any action or inaction. The Financial Conduct Authority do not regulate some forms of buy to let mortgages.

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