Mortgages can be a minefield and it is difficult to navigate all the options available. Here at Royall Best we have a good working relationship with local independent financial advisors* who we will gladly put you in touch with to provide you with all the advice you need.
It is good to understand your affordability at the earliest opportunity in your journey, however, remember several months can pass by before you reach the stage of having a sale agreed. Mortgage deals and rates are ever changing so keeping in touch with your Advisor will ensure you know your borrowing limits.
Affordability isn’t just about the highest amount you can borrow; it also involves having a good understanding of your regular outgoings and will help you consider a comfortable mortgage with manageable monthly payments. Considering any future changes of circumstances like changes of jobs/promotions or are you planning on starting a family, can make a difference to affordability when you come to re-mortgage down the line.
*Our recommendations are always based on our experience of which service providers we believe are most appropriate for the specific transaction. Certain service providers provide a fee, commission or benefit to Royall Best Ltd for recommending their services. Whilst we offer these services because we believe you may benefit from them, you are under no obligation to use them. We always advise considering multiple options before any instruction and to comprehensively read the third parties’ terms and conditions.
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