Mortgages are in many ways just like any other loan – you borrow money, and you pay it back with interest. But mortgages relate solely to property and deserve a category all of their own, because buying property is likely to represent the biggest purchase you will ever make.
While not everybody needs a mortgage to buy a property, the majority do. And while the size of the mortgage will vary according to the size of the property and where in the UK it is based, nonetheless most of us need to borrow to buy.
Just as mortgages are available for the home-buyer, so they are for the investor – people take out a mortgage to cover a buy-to-let or even a let-to-buy.
Investing in property has always been a popular route. Property, over the longterm, generally increases in value and people like to put their money into something tangible, like bricks and mortar.
Selecting a mortgage
Whatever the property is that you are planning to buy, there is a huge range of types of mortgage available – fixed, variable, and iterations of both – and dozens of mortgage providers.
At Hartsfield, we have mortgage advisers who will help you pick through the options and come up with the right one to suit your needs and your budget, at the same time ensuring protection is in place so that you can keep up repayments.
Mortgage lenders seem to change their various offerings faster than you can blink, so our advisers can also help ensure that perfect option doesn’t slip through your fingers, by handling the application in a timely, efficient and professional fashion.
And if you are re-mortgaging your home or your property portfolio, we can also help seek out and secure the best deals.
To chat to our team about mortgages, please get in touch.
TAXATION OF PROPERTY
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