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Independent Mortgage Brokers Blackpool

Your Mortgage Options provides completely independent mortgage advice in Blackpool. With access to the whole market, our brokers explore all of your options to find and arrange the right deal for you.

When buying a home, you need to decide which type of mortgage is the most appropriate for your needs and circumstances. From the information you give us, our mortgage brokers in Blackpool will search the market and find the most suitable products for you. With so many options to explore it can feel overwhelming at first, which is where we come in to help with our expert knowledge of all types of mortgages and the Blackpool local area.

Whether you are a first time buyer, self employed or if you have less than a perfect credit history, we’ll tailor our search to you. We can also offer guidance and advice if you are looking for bridging loan finance or to release equity from your home.

We are experts in mortgages of all kinds: Residential and Commercial, Self build and Flexible, Offset and Retirement Interest Only, the options seem almost endless. Speak to one of our brokers who can provide tailored mortgage advice in Blackpool.

How Our Blackpool Mortgage Advisors Can Help

For most people, buying a property and obtaining a mortgage is one of the biggest decisions that they will ever make in the whole of their life. It’s a decision that you certainly don’t want to risk getting wrong, and it makes perfect sense to get all the expert advice you can find. This is why getting advice from an independent mortgage broker in Blackpool is the best route forwards. Previously, you might have been able to speak to your bank manager about getting a mortgage, but this is less common nowadays and limits your options to just one lender.

People of all ages and financial positions can benefit from professional mortgage advice here in Blackpool. Whether you’re a first-time buyer, a property developer, somebody looking to remortgage or to release equity from your property, you’ll want to ensure that you are getting the very best deal available. Many are surprised to learn that even if they have a poor credit history, it’s possible to obtain a mortgage with the right advice. Speak to one of our Blackpool mortgage brokers today and learn more about your options with a free initial consultation.

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Why Choose Us For Mortgage Advice in Blackpool?

Whole of Market Access

There are many different types of mortgages so only looking at deals from one lender means you’re unlikely to end up with the best option. Our mortgage brokers service Blackpool on a regular basis and have access to the whole of the market, including products not available from high street lenders.

We Are On Your Side

Our Blackpool mortgage advisors work for you not the lender, and will act solely in your best interests. You can therefore be absolutely confident that the mortgage we recommend will allow for your specific circumstances and be the best available product to suit your needs.

We Do The Hard Work For You

At Your Mortgage Options we leave no stone unturned in our whole of market research here in Blackpool. We also handle the whole process end to end, including all the paperwork, solicitors and conveyancing.

We Consider Your Circumstances

We take the time to understand your individual circumstances. This helps us to find the right mortgage that works for you and your family in Blackpool. We will assess all that you can realistically afford and guide you through Your Mortgage Options.

Mortgage Brokers Blackpool FAQs

A mortgage broker, sometimes also referred to as a mortgage advisor, acts as the middleman to arrange a mortgage between you (the borrower) and the lender. As independent mortgage brokers in Blackpool, we keep your best interests in mind to provide genuine and unbiased advice. Our duty of care is towards you, not the lender and we always justify any recommendations we make.

First, our brokers will get to know you and your circumstances. This includes your financial situation, as well as what you are looking to achieve. We’ll then search the market and present you with your best options, tailored to your exact needs. Our expert knowledge of the Blackpool housing market means we can identify the best lenders and mortgage deals available. We are able to assist throughout the whole application process, so you can keep your focus on what’s important to you.

The amount you can borrow depends on your personal situation, your household income and current credit commitments. All lenders have different ways of calculating what someone can borrow. They’ll take into consideration factors such as:

  • How much deposit you can put down
  • Type of employment
  • Your salary (combined if you’re buying with a partner)
  • Your monthly outgoings
  • Your credit history and rating

By speaking to an advisor (also known as a broker) and getting expert mortgage advice in Blackpool, you’ll have a much better understanding of how much you will be able to borrow. This will guide you on your house buying journey, as you’ll have a better understanding of which properties in Blackpool are affordable.

While lenders usually prefer at least 10% of the property value as a deposit, many offer first time buyers in Blackpool the chance to access 5% deposit deals as a way to get on the property ladder. These are known as 95% mortgages. However, a lower deposit typically leads to higher interest rates and less flexibility.

The more deposit you put in, the better the interest rate will be. For example if you have a 20% deposit then this will get you a better rate of interest than with a deposit of 10%. So saving up as much as you can for a deposit is usually advised.

Although, this all depends on your current situation. For example if you are renting you might want to buy as soon as possible, and getting together more than 5% for your deposit might not be feasible. Speak to one of our expert mortgage brokers in Blackpool for tailored advice, based on your unique circumstances.

A Repayment Mortgage is guaranteed to pay off the mortgage in full by the end of the term whereas an Interest Only Mortgage has monthly payments which cover only the cost of the interest and your loan amount will remain the same.

At the end of the term you would either need to sell the property to repay the mortgage or find another way to repay the loan.

If you’re in the early stages of buying a property and thinking of reaching out to a mortgage broker in Blackpool, the sooner the better. Involving a mortgage advisor at the beginning of the process gives us more opportunity to help you in your search for the right mortgage. You’ll also save a great deal of stress and the disappointment of not being able to secure a mortgage that suits your needs.

Buying a home and taking out a mortgage is one of the biggest decisions you’ll ever make, so it helps to be able to draw upon the knowledge of a qualified professional. There’s also a lot to wrap your head around, especially if you’re a first time buyer, self employed, or if you’ve got a bad credit record. Speak to a mortgage broker sooner rather than later to take this weight off your shoulders.

The most common term for a mortgage is 25 years, but 35 year and even 40 year mortgages are also available. Longer term mortgages might come with higher arrangement fees and interest rates attached, but they can offer a degree of flexibility which is helpful for those whose income might fluctuate month to month.

For example if your deal allows you to make overpayments (which many do), you could pay extra on your monthly repayments when your income allows you to do so. If times become a bit tighter and your income is reduced, you could then revert back to repaying the smaller amount.

Get in touch today for mortgage advice in Blackpool, to find out which mortgage term would be best for you and your situation.

This coastal Lancashire town is one of the most popular seaside towns in the whole of the UK and is located on the Irish Sea in the middle of the Wyre and Ribble estuaries.

The town’s emergence as a tourist destination dates back to the late 18th century, as tourists began coming to Blackpool to enjoy the 7 miles of sandy beaches as early as the 178o’s – so Blackpool’s history is clearly rooted in tourism, a fact that carries forward to this day.

Blackpool’s popularity was boosted exponentially with the arrival of the railway in the 1840s.

This allowed visitors to travel to Blackpool in a timely and cost effective manner. The speed and convenience at which people could travel there led to Blackpool becoming the quintessential British coastal resort.

Popular attractions and activities have always included Blackpool’s promenade and pier, with donkey rides, and of course a traditional sea side meal of fish and chips.

By the start of the 20th century, Blackpool’s population had increased to over 47,000, a sizable increase from less than 1,000 residents 100 years before.

According to the ONS, in 2020 the population of Blackpool was 138,381. If you’re thinking of joining these residents, it is definitely a good idea to get an understanding of the rich history and culture that the town has amassed over the years.

Tourism continues to be an essential part of Blackpool’s identity and economy.

Having seen a resurgence in the year of the “staycation” UK holidays have seen a massive increase in popularity due to the travel restrictions imposed after the outbreak of the Coronavirus.

Synonymous with entertainment and revelry, Blackpool also boasts a diversity of cultures and more than 11 different languages are spoken throughout the region.

This definitely underlines both the popularity of the town and the welcoming nature of the locals.

If you are thinking of moving to Blackpool, then all the best Tourist Attractions will be right there on your doorstep!

Blackpool is home to a superabundance of amazing tourist attractions that are guaranteed to appeal to the whole family and to cater for a wide variety of tastes.

Naturally, Blackpool is world famous for its seaside charm.

Blackpool Pleasure Beach prides itself with 7 miles of sandy beaches, drawing over six million visitors a year. This became the model for British seaside towns and to this day, continues to be one of the best-loved coastal retreats in the whole of the UK.

Visitors to Blackpool beach can enjoy everything from a donkey ride, to amusement arcades to a multitude of breath taking rollercoasters!

At the time of its completion it was the tallest rollercoaster in the world, and “The Big One” is a favourite amongst locals.

Visible from miles around, a trip to Blackpool Tower provides excellent views and is a “must do” for anyone who is thinking of moving to Blackpool.

Blackpool Tower affords so much more than simply the views – It plays host to the once highly prestigious Tower Ballroom, The Tower Circus, and The Blackpool Tower Dungeons.

Blackpool continues to remain as one of the UK’s most popular stag and hen do locations, with a host of great party themed nights out and the appeal of an array of tourist-centric attractions, it is clear to see why.

Animal lovers will absolutely love living in Blackpool, the Sea Life Centre and Blackpool Zoo both provide amazing locations to experience exotic animals!

The town’s long established roots as a tourist destination are definitely alive and kicking! The entertainment-centric appeal is celebrated by both visitors and those who live there.

If you are thinking of moving to Blackpool, be sure to support the local tourist industry.

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