Let Us Help You Find a Mortgage

Independent Mortgage Brokers Simonstone

We are a team of independent mortgage brokers in Simonstone, Lancashire. With whole of the market access to every mortgage available, we’ll match you with a local and qualified professional who will carefully explore all of Your Mortgage Options with you. Let us guide you through the process of finding and arranging the right mortgage that is most closely suited to your specific needs.

Whether you are a first-time buyer, self-employed or perhaps you have a less than perfect credit history, we’ll be sure to tailor our search to you. We can also provide professional advice if you are looking to remortgage or to release equity from your home in Simonstone.

We are experts in all kinds of mortgages: Commercial, Residential, Self Builds and Interest Only, the myriad mortgage options seem almost endless. Speak to one of our local friendly brokers who can provide tailored mortgage advice in Simonstone today.

How Our Simonstone Mortgage Advisors Can Help

For most people, dealing with lenders, lawyers and conveyancers can be stressful. Especially if you are not an expert in Regulated Financial Services. This is where Your Mortgage Options comes into it because we are, which is why getting impartial advice from an independent mortgage broker in Simonstone could well be considered the smart move. Previously in years gone by, you might have been able to speak to your bank manager about getting a mortgage, but this is very rare nowadays and it also limits your options to just the one lender.

People of all ages and financial positions can benefit from professional mortgage advice from a local team right here in Simonstone. So 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’re getting the very best deal available from the whole of the market. Many are surprised to learn that even if they have a poor credit history, it’s possible to get a mortgage from certain lenders on our panel. Speak to one of our mortgage brokers in Simonstone today and learn about all of Your Mortgage Options with a free initial consultation.

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Why Choose Us For Mortgage Advice in Simonstone?

Whole of Market Access

There are hundreds if not thousands of mortgages for you to choose from, so only looking at deals from one lender means you’re unlikely to end up paired with your best option. Our mortgage brokers in Simonstone have access to the whole of the market, including mortgage products not available on the High Street.

We Are On Your Side

Our Simonstone Mortgage Brokers work for you and not the lenders, and so our loyalty is entirely to you. We will act solely in your best interests. You can be confident with us that the mortgage that we recommend will be the best available product to suit your specific circumstances.

We Do The Hard Work For You

At Your Mortgage Options we are super diligent in our whole of market research here in Simonstone. We’ll also handle the whole process end to end, including assisting with any paperwork and even helping with arranging solicitors and conveyancing.

We Consider Your Circumstances

We take the time to properly understand your specific circumstances. This enables us to find the right mortgage for you and your family in Simonstone. We will assess very carefully, all you can afford and talk you through all Your Mortgage Options.

Mortgage Brokers Simonstone FAQs

A mortgage broker, commonly also known as a mortgage advisor, acts as an intermediary to arrange a mortgage between you (the borrower) and the lender. As Independent mortgage brokers in Simonstone, we keep your specific circumstances in mind to provide impartial and unbiased advice. Our duty of care is towards you, not the lender and we always justify any recommendations we make.

First off, our brokers will get to know you and your personal circumstances. This includes your past and current financial situation, as well as what you are hoping to achieve. We’ll then search the market and present you with your best options, tailored carefully to suit your personal situation. Our expert knowledge of the Simonstone 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 and yours.

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 Simonstone, 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 Simonstone are affordable.

While lenders usually prefer at least 10% of the property value as a deposit, many offer first time buyers in Simonstone 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 Simonstone for bespoke 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 Simonstone, then sooner is always better than later. Involving a specialist mortgage advisor at the beginning of the process gives us more opportunities to help you in your search for the right mortgage to suit 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 in Simonstone today by filling out our simple online form.

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 Simonstone, to find out which mortgage term would be best for you and your situation.

According to Rightmove

Properties in Simonstone had an overall average price of £363,778 over the last year.

The majority of sales in Simonstone during the last year were terraced properties, selling for an average price of £203,300. Detached properties sold for an average of £650,000, with semi-detached properties fetching £307,500.

Overall, sold prices in Simonstone over the last year were 33% up on the previous year and 10% up on the 2010 peak of £331,500.

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