Eastbourne can be found nestled between the South Downs and the English Channel in East Sussex. The town offers residents stunning views, a variety of shops and restaurants, and easy access to the rest of the UK.
It’s a popular place to live and to visit. So, if you’re thinking of buying a property in Eastbourne or the surrounding area, it’s helpful to choose a mortgage broker who knows the local market.
What does a mortgage broker do?
A mortgage broker, adviser or intermediary, arranges mortgages for people. After learning a little about you, and what you want to do, they will then search for a mortgage deal that suits you the best.
Once you are in a position to apply for the mortgage they will assist with the forms and paperwork, plus any issues that crop up on the way.
What types of mortgage can a broker deal with?
Mortgage brokers offer a wide variety of services when it comes to mortgages. They can help you secure a mortgage, whether you are a first time buyer or you are looking to re-mortgage. Mortgage brokers also have access to a wide range of products, which means they can find the best deal for you. This could save you time and money.
Brokers are particularly useful helping with these types of situations:
- Mortgage for a second home or holiday home
- Property investment
- Short term bridging loans
- Self-employed who find it harder to prove income
- Holiday let property investments
- Mortgages for commercial property
- Taking out a second mortgage
- Mortgages for a limited company
Respect Mortgages works with one of the largest and most respected independent mortgage brokers. They have been in business for over 45 years and have qualified advisers all over the UK, including Eastbourne.
Can I get a mortgage without using a broker?
You can get a mortgage without using a broker, but it is often more difficult. This is because brokers have access to a wider range of products and lenders. They also have the knowledge and experience to quickly find the best deal for you. If you are looking to save time and money, then using a mortgage broker is often the best option.
Do I have to meet face to face?
No, you don’t have to meet face to face with a mortgage broker. Many people choose to use an online broker, as it can be more convenient. You can also use the phone, video calls or email to contact a broker and arrange your mortgage.
What does “whole of market” mean?
These brokers have access to the whole of the market, which means they can find the best deal for you from the many thousands currently available.
They are not tied to any one lender and will also be able to approach specialist lenders and banks. The advisers we deal with can access over 120 banks and lenders.
Do brokers need to have a special qualification?
All mortgage brokers need to be qualified and have the necessary experience. In order to become a mortgage broker, you will need to pass an exam and have adequate experience working in the financial sector.
In addition, all brokers must be FCA (Financial Conduct Authority) authorised.
How do I find a good mortgage broker?
There are a few things you can do to make sure you find a good mortgage broker. Firstly, you should check that they are FCA authorised. You can do this by searching the Financial Services Register.
Secondly, you should ask for recommendations from family and friends. If they have used a mortgage broker in the past and had a good experience, then this is a good sign.
Thirdly, ask about the types of people they help.
Finally, you should make sure you feel comfortable with the broker. They should be able to answer any questions you have and make you feel at ease.
A wide range of mortgage options
LOOKING AFTER YOUR BORROWING NEEDS
Buy to let
Competitive buy to let mortgages that include options for SPV borrowing, purchase, remortgage or capital raise.
Holiday Let
Specialist advice for UK holiday let mortgages including Furnished Holiday Lets, Airbnb and mixed use properties. Solutions for purchase, remortgage and develop.
Moving Home
Take the stress out of finding a moving home mortgage by letting our brokers arrange that for you.
Second Homes
A second home mortgage will allow you to purchase a UK holiday home for you and your family to enjoy.
Remortgages
Time to remortgage? Switch your mortgage to a new lender and grab yourself a new interest rate at the same time.
First Time Buyer
All the help you need getting onto the property ladder and buying your first home. Including a cracking mortgage deal, sourced just for you.
Equity Release
An equity release lifetime mortgage can provide a tax-free lump sum or ongoing sums of money that you can spend however you wish.
Specialist Mortgages
Multiple streams of income, employment status, size of mortgage or perhaps an unusual property? Let’s get to work…
Mortgage Guides
Our mortgage guides will help you understand and compare different mortgage products whether you’re starting out, moving, remortgaging or buying to let.
Insurance
Making sure you, your home and your mortgage are protected against the unexpected.
Mortgage Calculators
Our easy to use mortgage calculators can help you at every stage of your mortgage journey. From working out what you could borrow to calculating the Stamp Duty.
SPV Mortgages
Rather than buying an investment property in their own name, many investors are now choosing to do this through a Special Purpose Vehicle limited company, or SPV.
Other areas covered:
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