First time buyer mortgages

Before starting your search for your first home, it’s important to know just how much you can afford from the outset. Finding the right mortgage product for your individual financial circumstances is a vital part of that process because everyone’s financial circumstances are different. 

That’s why at Allan Jones Financial Services, we take time to fully understand your requirements and budget before we search the whole market to find exactly the right mortgage for you. As mortgage brokers, we can often secure better rates than are available to you if you go to lenders directly. We will always provide honest, expert advice and support to you every step of the way. 

If you have a bad credit history such as missed payments, a County Court Judgement, IVA, Debt Management Plan or Bankruptcy, then finding a mortgage may seem impossible.

At Allan Jones Financial Services, we treat every client as an individual. We understand that people’s lives sometimes hit bumps in the road so it pays to seek advice before making a mortgage application. After all, having a mortgage application rejected could worsen your overall credit score. 

We aim to make it easier for clients with adverse credit to secure a mortgage, whether you’re a first-time buyer or a homeowner looking to remortgage or move to reduce your outgoings and address your financial position. We will give you advice about your ability to get a mortgage before making an application.

Having bad credit doesn’t make having a mortgage impossible, but it does pay to seek professional advice first.

Buy-to-Let Mortgages

If you are considering a buy-to-let mortgage with the intention of renting or letting out a property, it’s important to seek professional advice first. Buy-to-let mortgages are generally between 1-2% higher and the minimum deposit required is around 20% of the loan value. You will also need to consider the potential rental income as this can affect the amount a lender is prepared to offer. 

What’s more, lenders may also impose other restrictions such as minimum age, whether you are an existing home-owner and whether you are a UK resident. You will, however, be eligible for a range of tax deductibles.

At Allan Jones Financial Services, we will guide you through the whole process of buy-to-let mortgages and find the best deal for you.

Call 01776 705040 today or email info@ajonesfinancial.co.uk to arrange an initial, no-obligation chat. There is absolutely no obligation on your part. We just offer expert, honest advice. And, what’s more, we never share your details with third parties for marketing purposes either.

A mortgage is a loan secured against your home or property. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

· Most forms of Buy-to-Let Mortgage are not regulated by the Financial Conduct Authority.

· Think carefully before securing other debts against your home.