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Choosing Between Long-Term and Short-Term Mortgages

When it comes to securing a mortgage for your dream home, one of the crucial decisions you’ll face is choosing between a long-term and a short-term mortgage. 

Each option has its own set of advantages and drawbacks, and the decision you make can significantly impact your financial stability in the long run. 

In this blog post, Thameside Mortgages delves into the pros and cons of both long-term and short-term mortgages to help you make an informed decision based on your financial goals and circumstances.

Key points that this blog will cover include;-

  • Longer-Term Mortgages: The Benefits
  • Shorter-Term Mortgages: The Advantages
  • Choosing the Right Mortgage for You

To arrange your without-charge consultation right away with Thameside Mortgages, call us today at 0345 512 0125 or use our online contact form.

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Applying For A Mortgage When Self-Employed

Securing a mortgage is a significant milestone on the path to homeownership, and for the self-employed, the journey can be uniquely challenging. 

Traditional employment provides a steady income stream and clear documentation, but entrepreneurs, freelancers, and business owners often face hurdles when applying for a mortgage. 

Fortunately, Thameside Mortgages have successfully helped hundreds of self-employed buyers to obtain first-time mortgages and home-mover mortgages.

In this blog post, Thameside Mortgages explores the intricacies of applying for a mortgage when you’re self-employed, offering insights and tips to help you navigate the process with confidence. 

Key points include;-

  • Understanding the documentation challenges
  • Demonstrating stable income
  • Build a strong credit profile
  • Save for a larger deposit
  • Seek professional advice (call Thameside Mortgages!)

To arrange your without-charge consultation right away with Thameside Mortgages, call us today at 0345 512 0125 or use our online contact form.

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7 Reasons Mortgage Protection is Paramount

Mortgages are a significant financial commitment for most people, and protecting you, your family, and your lifestyle is crucial. Mortgage protection is a form of insurance designed to safeguard your home and your family’s financial well-being in the event of unforeseen circumstances.

To arrange your without-charge consultation right away, call us today at 0345 512 0125 or use our online contact form.

In this blog, we’ll explore seven compelling reasons why mortgage protection is paramount.

Key benefits and reasons will include;-

  • Financial security for your loved ones
  • Preventing repossession
  • Coverage for critical illness
  • Easy application process
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6 Common Mistakes to Avoid Before Applying for a BTL Mortgage

Investing in a Buy-to-Let (BTL) property can be a lucrative way to generate a steady income and build wealth over time. However, before you dive into the world of BTL mortgages, it’s essential to be aware of some common mistakes that can hinder your success. To help you make informed decisions, we’ll discuss six common mistakes to avoid when applying for a BTL mortgage.

Key mistakes that we’ll discuss in this blog post cover;-

  • Neglecting marketing research
  • Underestimating costs
  • Ignoring the importance of credit
  • Failing to seek professional advice
  • Overleveraging
  • Neglecting property due diligence 

To arrange your without-charge consultation right away, call us today at 0345 512 0125 or use our online contact form.

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How To Improve Approval Chances When Your Remortgaging

Remortgaging is a financial term that involves switching your existing mortgage to a new one, often with a different lender or on renewed terms with your existing lender. People choose to remortgage for various reasons, such as securing a better interest rate, releasing equity on their property, or consolidating debt.

In this blog, we’ll explore several ways to help you improve your approval chances when remortgaging.

If you would like to speak to an experienced and helpful team about your remortgaging situation, please see our contact details at the bottom of this article.

Key points covered to improve remortgaging approval chances include;-

  • Assess Credit Score
  • Understand Your Finances
  • Reduce Debt
  • Gather Documentation
  • Choose The Right Lender
  • Demonstrate Stable Employment
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Mortgage Brokers vs Online Mortgage Tools

Obtaining a mortgage can be both a stressful and extremely rewarding process. In order to get there, you must adhere to a set of processes and steps that can be assisted in a couple of ways including using online mortgage tools, or using a mortgage broker.

But, is one way better than the other?

This blog will look at the pros and cons of both sides and offer some guidance on how these factors may affect your overall buying experience.

If by the end of this article you still have questions or would generally like to know some more information about mortgages, we’d love to assist you here at Thameside Mortgages.

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Thameside Mortgages Announces Exclusive Mortgage Tracker Service for Clients Approaching End of Fixed Rates

Thameside Mortgages, a well-trusted mortgage broker covering Kent, Bedfordshire and the surrounding areas, is proud to introduce a new initiative aimed at assisting clients whose mortgages are set to end within the next six months – the Remortgage Tracker Service.

This exclusive service reaffirms the company’s commitment to delivering exceptional customer care and ensuring that clients continue to receive the best mortgage deals available in the market.

Understanding the importance of timely and beneficial financial advice, Thameside Mortgages is pleased to offer its valued clients an opportunity to secure a new mortgage deal six months before their existing mortgage term expires.

By taking proactive measures, clients can avoid potential uncertainties and leverage favourable market conditions.

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How to Improve Your Chances of Approval for a First-Time Buyer Mortgage

If you are a first-time buyer in Kent, Bedfordshire or the surrounding areas and are looking to maximise your chances of mortgage approval, then this latest blog post has been created just for you. 

It’s no secret that the process of securing your first mortgage can be daunting. However, with the help of your local and trusted mortgage broker it can be simplified.

We hope the SIX top tips below will help you as a first-time-buyer. 

At Thameside Mortgages, we always recommend being proactive before you start your mortgage application in order to give you the best possible chance of first-time approval.

By implementing the below suggestions, you can significantly increase the probability of stepping onto the property ladder sooner rather than later.

  • Build A Strong Credit Profile
  • Save for a Larger Deposit
  • Manage Your Debt-to-Income Ratio
  • Maintain Stable Income
  • Seek Mortgage Advice
  • Stay Within Your Means
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Eight Important Questions To Ask Your Local Mortgage Broker

If you are in the early stages of obtaining a mortgage, it can often be a stressful experience. However, the process can be made easier if you ask your mortgage broker the most important questions at the beginning of your journey. 

Asking even a select few of the most important questions will help you gain clarity, better understanding, and put you in a great position to obtain the most suitable and desired mortgage deal for you.

In this latest blog, we’ll be covering the top eight questions to ask your mortgage broker (feel free to ask us right away!).

The top questions we’ll be covering include;-

  • What types of mortgage loans do you offer?
  • What is the current interest rate and how does it compare to other lenders?
  • What is the loan term and repayment schedule?
  • How much can I borrow?
  • How much deposit will I have to put down?
  • Will the mortgage be transferable?
  • Can you provide mortgage protection?
  • How long will the mortgage process take? 
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6 common mistakes to avoid before trying to purchase a property

6 common mistakes to avoid before trying to purchase a property

Buying a home for the first time can be an exciting and intimidating experience. It’s important to approach the process with caution and avoid common mistakes that can cost you time, money, and headaches. In this blog article, we will discuss the 6 most common mistakes that first-time homebuyers make and provide tips on how to avoid them.

Whether you’re in the market for a new home or just starting to think about buying, this article will help you navigate the process with confidence and ease. So sit back, relax, and get ready to learn how to avoid the most common pitfalls of first-time homebuyers.

If you have any questions or concerns about the home-buying process, don’t hesitate to reach out to us. We are here to help you make informed decisions and guide you through every step of the way.

You can contact us via 03455 120 125, use our contact form, or you can even use our online chat feature. We are happy to hear from you and provide any assistance you need.

Failing to establish how much you can borrow

Before you start viewing properties, you should establish how much you’re able to borrow. Once you’ve worked this out, you will have an accurate price range and begin to view properties.

Not working out a monthly budget you can afford

There’s no point buying a house if you cannot afford to leave it. Knowing how much you can borrow will help you understand how much your mortgage payments are likely to be, so you can budget accordingly.

Not having the correct documents ready

To accurately work out your affordability, you should ensure you have payslips/tax returns and your credit report to hand. Without these documents, no adviser will be able to provide accurate figures and things become guesswork. There’s nothing worse than viewing a property you love, then realising you cannot afford it. Your adviser will confirm exactly what you’ll need.

first time buyer mistakes

Not getting an AIP, or Agreement in Principle

When you make an offer on a property, an estate agent will ask for your Agreement in Principle – a piece of paper that confirms a mortgage lender has provisionally approved the amount you would like to borrow. If you don’t have this in place, they may not take your offer seriously and move onto another buyer.

Choosing a solicitor based on cost

It can take more than three months to complete a purchase – it’s the legal work that takes the greatest amount of time. There are lots of solicitors that may appear extremely cheap, but they can be very slow to respond, update or communicate, which adds a significant amount of time and stress.

Sometimes, if you can pay a little bit more and obtain a solicitor who will be proactive, experienced, great with chasing the other side and will communicate their updates with you. Choosing the right solicitor can remove a lot of stress.

Choosing the wrong mortgage broker

Choosing the right mortgage broker is crucial. Read reviews from previous clients to ensure they are the right fit for you. They should help you understand the pros and cons of each option. A good broker will update the estate agent on your behalf, liaise with the solicitor for progress reports and keep you updated each step of the way. They will discuss the importance of life assurance, home insurance and any other relevant insurances and discuss the importance of writing a Will. 

Essentially, the right adviser will guide you from the start, through to the finish – and beyond.

kent mortgage advisors

We’ve covered some of the common mistakes that first-time homebuyers should avoid, but there may be others that we haven’t mentioned. If you want to learn more about how to avoid these pitfalls and make informed decisions, please don’t hesitate to contact us.

At Thameside Mortgages, we have a dedicated team of professionals who are happy to help you navigate the home-buying process. You can reach us by phone at 03455 120 125, use our contact form on our website, or via our online chat feature. 

We look forward to hearing from you and helping you achieve your homeownership goals!

The Team @ Thameside Mortgages