Services
First Time Buyers
Are you looking to buy your first home? My extensive knowledge and experience will expertly guide you through the process, helping first-time buyers navigate and explore the various mortgage options available to ensure you make an informed decision.
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When it comes to getting on the property ladder, it can be incredibly difficult to know where to start, especially when it comes to getting a mortgage and where to start. This is where a Mortgage Broker comes in.
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First time buyers in essence are people who have not yet owned property or in the eyes of some lenders, those that have not owned property in the pervious 3 years. This means that effectively, you don't have anything to sell.
In a bid to help those that want to start their journey into home-ownership, the Government have launched a range of schemes that are designed to help people get onto the property ladder.
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When you start to apply for a mortgage as a first time buyer, your lender will need to assess your affordability, taking into account income and financial commitments. Alongside this, they will also check your credit history.
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Before you start to view any potential properties, you may want to consider getting an Agreement in Principle. This will give you an idea of how much you can borrow and also show an estate agent that you're serious about buying and in a position to do so. These typically are valid between 30 and 90 days.
We may make introductions to trusted and experienced partners within our network.
YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Home Movers
Whether you are upsizing, downsizing, or starting over, Garstang Mortgages offers expert assistance with your home mover mortgage. Our comprehensive services ensure a smooth transition, tailored to your unique needs and circumstances.
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You will already be aware of what a long term commitment a mortgage is, so it is therefore equally important to ensure you are aware of the many different products available to you.
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If you are looking to upsize to a bigger home or even downsize to a smaller property, there may be multiple options available that can make the process easy and stress free. With some it may be possible to transfer your existing mortgage to the new property or it may work out better to arrange a new mortgage depending on your individual circumstances and requirements.
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Existing mortgage customers often believe they will be in a position to borrow the same if not more on a mortgage, however this is not always the case.
We may make introductions to trusted and experienced partners within our network.
YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Remortgages
Remortgages offer homeowners the opportunity to renegotiate their existing mortgage terms, often resulting in improved rates or accessing equity for various financial needs. With my expert guidance, I can ensure optimal financial management and flexibility for homeowners.
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People remortgage for many different reasons, we are here to help you make sure it is the right decision, and get you the right deal.
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Remortgaging is when you switch from one mortgage lender to another new mortgage lender. There are many reasons why you might want to consider a Remortgage, you may want to borrow additional money to pay off debts, you may wish to remove someone, for thos important home improvements or your present mortgage is coming to the end of its current deal.
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A Remortgage is different from a Product Transfer. A Product Transfer is when you are simply switching to a new deal with your current leader. It depends which is better for your circumstances and requirements.
We may make introductions to trusted and experienced partners within our network.
YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Buy to Let
As an independent mortgage broker specialising in the Buy to Let market, my in-depth knowledge and expertise make me the perfect choice for investors seeking tailored mortgage solutions for their rental properties, ensuring maximum returns and financial security.
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Some buy to let mortgages are not regulated by the Financial Conduct Authority.
Becoming a private landlord should not be seen as an easy way of making money as it can be a lot more complicated and riskier than that. It can also be very time consuming, there is no guarantee that house prices will rise but buying a second property to let to tenants could reap considerable financial rewards over time.
Some mortgage lenders do consider some other factors unique to Buy to Let Mortgages for instance they will not deal with people under the age of 21 and over the age of 75. Some have minimum income required and minimum deposits.
The property type may also be considered; many lenders don't deal with non-standard properties such as listed buildings or properties that are not currently in a lettable state.
We may make introductions to trusted and experienced partners within our network.
YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Holiday Let
Explore holiday let mortgages tailored for vacation rental properties with Garstang Mortgages. My straightforward solutions allow investors to maximise returns in the holiday rental market. Discover your options for a successful holiday let investment today.
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Becoming a holiday let landlord can be a daunting prospect and it's a role that requires substantial hard work to run a successful holiday let. You need to put in the research and planning beforehand as well as having to oversee operations once things are up and running. It is very important that you research the letting market and understand the holiday let mortgage process before buying your first holiday let.
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More important than having letting experience is having a good business plan in place. Mortgage providers will want proof that lending money against your holiday let property doesn't pose them risks. So as well as meeting a minimum personal income requirement, you must be able to prove that your holiday let will generate a good level of rental income, more than enough to cover the mortgage payment.
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It's also important that you choose the correct property, as mortgage lenders will not lend to properties that are deemed a risk. This could include properties that are dilapidated and in need of serious repair or reconstruction, properties that aren't of standard construction, or properties near to commercial buildings are just a few examples.
We may make introductions to trusted and experienced partners within our network.
YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Ex-Pat Mortgages
Discover specialised mortgages for expatriates tailored to your unique needs at Garstang Mortgages. I will provide comprehensive guidance and tailored solutions for seamless property purchases in your home country while living abroad. Explore your options today for efficient and hassle-free mortgage solutions.
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Mortgages for expat can either be for non-British nationals buying a home in the UK or British expats buying in the UK from overseas.
Many mortgage lenders will accept expat borrowers, although they normally see this as a higher risk due to being more difficult for lenders to research an expat's credit rating and run required anti-fraud checks.
To counter this they tend to offer higher mortgage rates, meaning higher repayments on the mortgage.
We may make introductions to trusted and experienced partners within our network.
YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Self Build
Mortgages tailored for self-build projects provide essential financial support throughout the construction process. With flexible terms and expert guidance, these specialised mortgages can help individuals to realise their vision of building their dream home.
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People decide to do this because the cost to build a home from scratch is usually lower than buying an existing property. It does obviously take a lot longer to do with having to buy the land, arrange permission to build and then manage the construction as opposed to simply buying a home. While self-build can be demanding and stressful, most people find it to be a very rewarding journey.
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A standard mortgage gives you a single lump sum to buy a home, while a self-build mortgage releases the money at certain stages as your building work progresses.
Getting a self-build mortgage isn't necessarily difficult, but there is a lot more to research and prepare upfront than a standard mortgage and it definitely helps to have a Mortgage Broker to help you through it.
We may make introductions to trusted and experienced partners within our network.
YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Secured Loans
Secured loans offer homeowners a valuable opportunity to leverage their property equity for significant financial needs. With favorable terms and competitive rates, these loans provide a reliable source of funding, ensuring peace of mind and flexibility for borrowers.
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Secured loans can also be known as homeowner loans, home loans or second-charge mortgages. They allow you to borrow money while using your home as security. This means that a lender can sell your property if you don't keep up with repayments, as a way of getting their money back.
Secured loans are one way that you may be able to borrow money. They're a common option for people who need a larger loan, do not want to change their current mortgage, or who are having trouble getting approved for a personal loan. Secured loans carry the risk of losing your assets, so it's important to know the facts before committing to one.
We may make introductions to trusted and experienced partners within our network.
YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Bridging Finance
Bridging Finance is particularly beneficial for individuals or families requiring short-term financing to bridge the gap between purchasing a new home and selling their current property. This solution ensures a smooth transition during the transition period, facilitating seamless property transactions.
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Bridging loans are short-term, high-interest rate loans. This type of finance can bridge the gap between the sale and completion dates in a chain or buy a property at auction. Hence the term Bridging Finance. A typical term for bridging finance is only 12 months.
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Bridging loans are a very expensive way to borrow money, so it's important to explore all of your short-term finance options. We will look at your specific circumstances and requirements and be able to advise you of the different financial routes to achieve these.
We may make introductions to trusted and experienced partners within our network.
YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Insurance & Protection
Insurance plays a pivotal role in home buying, offering vital financial security by protecting against property damages and unforeseen events. This safeguard ensures peace of mind for homeowners, effectively preserving their investment and providing reassurance in uncertain times.
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Because things can happen when you least expect it, it is better to be safe rather than sorry.
The two main types of home insurance are buildings and contents. They can be bought individually but are most often bought together, which then usually comes with a discount.
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Far from being a luxury or experience, Protection Insurance should be considered essential, especially if you have a family or people that rely on you or your income.
If you suffered a serious illness or injury, you may lose your income. This could then lead to financial difficulties and ultimately lead to you losing your home. Similarly, if you passed away, your loved ones may be unable to maintain the current lifestyle they have without your income.
But, with the right level of Life and Protection Insurance, you may be able to:
Pay off you mortgage
Maintain your lifestyle or your family's lifestyle
Pay for replacement childcare
Cover school or university fees
Pay for specialist nursing care
You may already have Life and Protection Insurance in place, but it may still be worthwhile reviewing your current cover levels. Personal circumstances and needs can change over time and so it is important you regularly review these to ensure your level of cover is appropriate.
Please Note: This information is intended to provide a general appreciation of the topic and it is not in anyway advice.
We may make introductions to trusted and experienced partners within our network.