Buying a house if you are a first-time Buyers in Bury St Edmunds is a big decision, as is the case anywhere in the world. Unless you get the correct mortgage advice, things can get confusing, stressful and time consuming for you. It can become even more stressful later if you have acted without the sorts of full information that an adviser would provide.
Seek advice from a Mortgage Broker
At The Mortgage Bureau, our mortgage advisers will help remove the confusion, save you time and provide the correct first-time buyer mortgage advice.
Being an independent mortgage broker here in Bury St Edmunds, we are not tied to any lender or estate agent. When we have a full understanding of your current situation this allows us to match you with the most suitable lender.
Because we want to help our customers make the right decision as first-time buyers in Bury St Edmunds, here are some tips you should consider:
- Responsibility: All lenders will check your financial situation so you should be in a position to show that you are responsible. For example, pay off your credit card bills and other debts on time to show that you can be responsible for the mortgage payments. That way you build up a healthy credit history that shows that you can be trusted.
- Save Hard & Boost Your Savings: As a first-time buyer, you should be prepared for the deposit and the mortgage repayments. Work out how much cash you are left with at the end of each month. Instead of keeping it in your current account, it should go straight into a savings account. That way you will not be tempted to spend it. Similarly, you should look for ways to boost your monthly savings. Cut down on any expense that isn’t benefitting you or your family. The bigger deposit you have, the better choice of mortgage deals you will have.
- Choose Your Mortgage WisBury St Edmunds: While our experts will help you get the right mortgage deal, you should still choose it wisBury St Edmunds. The most important factor to consider is the overall cost of the deal, not just the interest rate. Don’t get tricked with a low rate deal, as it may come with fees and other charges payable at a later date. We will point these out to you.
- Compromise: Sometimes things don’t turn out the way we expect. It could be the location of your new property, or its size or its condition. Being able to compromise on any of these things could make the world of a difference for you, especially when it comes to buying your first home.
About Bury St Edmunds
Our Bury St Edmunds office enjoys a prime location close to the town centre of Bury St. Edmunds, in a striking 19th Century Grade II listed building. St Andrew’s Castle is on the west side of St Andrew’s Street South.
The Castle stands in its own grounds behind a high wall and is NOT visible from the road. The main entrance on St Andrew’s Street South is shared with that of St Benedict’s Catholic School– Turn in through the gated entrance and take the right-hand fork, up the drive to the car park and Reception. Nearby points of reference are Halfords, Waitrose and Greene & Greene (rear entrance).
A number of local estate agents with which we work closely are located nearby. We serve customers from Suffolk, Norfolk and Cambridgeshire from this office.
Bury St Edmunds is surrounded by some quaint villages and is well served by the A14. Some of these include Barrow, Botesdale, Cockfield, Dalham, Elveden, Finningham, Glemsford, Hawstead, Hengrave, Honington, Icklingham, Ickworth, Lidgate, Little Fakenham, Mendlesham, Rattlesden, Redgrave, Rickinghall, Stanton, Stowlangtoft, Walsham-le-Willows, Woolpit, Wortham, and Yaxley.
The Mortgage Bureau, St Andrews Castle, 33 St Andrew's Street South, Bury Saint Edmunds, IP33 3PH | Telephone 01284 337069 | Website | Facebook
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