Financial services

We understand that every homeowner is different when it comes to their financial needs. And there is not one mortgage that suits everyone. This is why we work with specialists from across the region and can provide a wide range of mortgages in Dorset to choose from.

You can be confident of a dedicated service when you arrange your Dorset mortgage through us. We provide an experienced financial adviser and help explain all of the complicated parts. Making sure that you understand the entire process.

Mortgages can be complicated, as they are always different and based on your own individual circumstances. It is important that you find a mortgage that is right for you, so that you do not have to worry about the financial side of your home move. Below is our simple mortgage guide that will explain any complicated procedures that you need help understanding.

Mortgage types

Decide what type of mortgage is best for you. You can choose between a fixed or variable rate. Fixed rate means that you know exactly how much you have to pay back each month. This contract means that you could face a penalty if you decide to move to a different package with a better rate.

A variable rate is more suited for those who can cope with changing market conditions and interest rates. This rate includes more flexibility. But you could run the risk of increased interest rates in the future.

Repayment options

You decide whether your mortgage is interest-only or a repayment package. Both have different benefits.

Choosing interest only will mean that you only pay the interest gained on your debt. You are therefore left with the amount to pay at some point in the future. Nowadays a bigger deposit and evidence of financial stability will be needed to gain this kind of package.

If you choose the repayment home mortgage then you will have to pay some interest and capital every month until the debt has been paid off. These types of packages are offered by a majority of building societies and major banks. And are more common than interest only.

Deciding on who to choose?

Our experience in the property industry has led us to provide mortgage advice for years. We understand the difficulties of choosing the right package and the right experts to help you.

An independent mortgage broker will provide an un-bias review of your financial circumstances and offer impartial advice on who to choose and what type of mortgage will be best. The broker will search through the entire market so that you receive the most suitable mortgage for your situation.

How much can you afford?

One of the most vital parts to consider when getting the right mortgage package is knowing how much you can afford. Previously, your lender would focus on income. Nowadays they will calculate the amount they think you could afford. This is typically between 35% and 40% of your monthly income.  

After they figure this out, you can then work out the deposit needed to buy your new property. With your total repayments you will be making each month in mind.

You should also calculate how much your lender is charging for fees so that you know the entire costs of organising a mortgage package. Your mortgage broker should be able to identify these fees.

Contact us to be referred to a mortgage adviser or a Dorset estate agent to discuss the financial side of your home move.