The property market is picking up pace and in prime locations the bidding wars are back. Yet, before contemplating buying a property, home buyers need to be honest with themselves and ask ‘What can I realistically afford?’
When you are thinking of buying, the first step is to speak to an independent mortgage advisor so you know exactly what your budget is. This will ultimately save you time, stress and hassle. Mortgage rules have changed recently meaning it is not only about your income. From an Estate Agents and sellers point of view, it is much better to have pre-qualified viewers that can definitely afford the property they are looking at.
Getting a mortgage is no longer about finding a multiple of your current wage. The focus is more on your outgoings and overall lifestyle. Taking into account interest rate rises, potential job losses and major unexpected expenses to ensure that you won’t be left in a vulnerable financial position.
We are delighted to announce the launch of our own in-house independent mortgage service… “Michael Chandler Mortgages”. Headed up by Sam Mulholland it will really benefit our clients by giving them easy access to realistic figures and the best mortgage deals. Our aim is for everyone to have the most cost effective mortgage, their ideal property and be financially secure in the future!
If you would like to chat to Michael or Sam about any mortgage queries, regardless of who you are buying or selling your home through, call today on 028 90450 550 for a free no obligation chat. Alternatively email firstname.lastname@example.org or log on to www.michael-chandler.co.uk for more information.