Home financing explained with mortgage broker, Deal Direct. Part 1.

The UK’s mortgage broker of choice, Deal Direct, has helped many people successfully find a mortgage and complete their house purchase. Some people feel so daunted that they feel like giving up.

In over 10 years in the industry, Deal Direct has found 3 common motives that get in the way of would be home owners buying a property.

They believe:

• Obtaining a mortgage is out of their reach.
• The costs will be too expensive.
• Finally, they use lack of time as an excuse as they don’t really know how to go about obtaining a mortgage.

If any or all these reasons resonate with you, read on.

Belief number one stems from people worrying about their finances. You may be worried about the amount you earn, the level of savings you have and whether you can afford a deposit. You worry about your financial history and your credit rating, fluctuating mortgage rates and keeping up repayments. Uncertainty paralyses and many people find themselves stuck by a combination of worry, inertia and misconception.

Buying a house is likely to be your largest single purchase, but you shouldn’t feel daunted by this. Even if your deposit is small, you haven’t been in work long or your credit history is not blemish free, obtaining a mortgage may be easier than you think. Speaking to one of Deal Direct’s professional mortgage advisers will help you to clarify what is possible, as well as what is affordable.

Our friendly mortgage experts will help you with a complete financial review and fully discuss your options. We are more than happy to help you with any question you have and clear up the myths around mortgage affordability. In Part 2, we’ll be exploring the myths around costs.

For sound mortgage advice, call Deal Direct on 0800 048 8828.