Mortgage brokers in Andover
It's important you have an up to date copy of your credit files for our adviser to give you the best advice.
We recommend CheckMyFile as it has all four agencies the UK lenders use, with each credit agency recording different information. Sign up for your free trial here, which you can cancel at anytime.Get Now
Mortgage Advice in the Andover Area
Conveniently located on East Portway Industrial Estate, our Andover office provides expert, local mortgage and insurance advice for residential and commercial/business customers.
First Time Buyer Mortgages Andover (Hampshire)
The Mortgage Hut in Andover provide help and advice for first time buyers who may have little experience of the property market and mortgages. One of our friendly advisers can help you step by step through the mortgage application process. We’re here to help you fully understand your options and answer any questions you may have.
Unfortunately some mortgage providers may penalise those with low deposits and in most cases will have higher interest rates and fees for those looking for high loan to value (LTV) mortgages. As a first time buyer it’s important to get advice from a trusted mortgage broker, such as The Mortgage Hut, who can help you get the most suitable mortgage to buy your first home.
Andover - Help to Buy
Finding it a struggle to save a deposit for a home in Andover? The UK Government's Help to Buy scheme can assist first time buyers buy a property and those wanting to move to a new home. Those who qualify could benefit from an equity loan of up to 10% of the property’s value or a mortgage guarantee, either of which could enable you to buy a home with just a 5% deposit.
Another option for those unable to borrow as much as they require is shared ownership. By purchasing a share of between 25% and 75% of a new build or existing shared ownership property you can then go on to purchase further shares as and when you are able to afford it.
Contact The Mortgage Hut (Andover), and one of our mortgage advisers will assess your situation and see if the Help to Buy scheme could be right for you.
Remortgaging to a Better Deal (Andover)
Remortgaging involves paying off your existing loan and switching to a new lender. It is possible that by changing to a lender with a better deal you could reduce the interest rate you are paying and therefore save yourself money every month on your repayments.
If you are currently on a standard variable rate (SVR) or are soon to come to the end of a fixed rate, it’s a great time to start looking for a new mortgage deal. However, it’s essential that you make sure the benefits outweigh the costs. Talk to a mortgage adviser at The Mortgage Hut about for remortgaging - we might be able to help you save money!
Thinking of making some home improvements? Perhaps you wish to extend your home to provide extra space for the family or feel your property would benefit from decoration or modernisation? The Mortgage Hut Andover can help you if you are interested in finding out about remortgaging to release money from your property.
Buy to Let Andover
Buy to Let (BTL) is still a popular option for those looking for a medium to long term investment. If you are looking to purchase your first buy to let property, The Mortgage Hut can assist you with help and advice when trying to secure a suitable mortgage. Buy to Let mortgages are specifically designed for those purchasing a property to rent out. They are generally interest only and often have higher rates and fees than regular mortgages making it even more important to shop around for a good deal.
Whether you are a novice or professional, The Mortgage Hut Andover can find you mortgage and insurance products that are perfect for your needs.
Property Market in Andover
Located in Hampshire, on the River Anton, Andover’s main employer is the Ministry of Defence, who have based the Army Headquarters of it’s Defence Logistics Organisation in the town. Other major industries include tea and coffee firm Twinings and Thomson International Publishers. Andover offers a range of new build and older homes for sale including some lovely period properties and distinctive homes in the surrounding villages.
Property prices in Andover have increased by 4% in the last year and were up 11% on the previous year making the average house price in the town currently £242,959. Most properties sold last year were terraces which sold for an average of £203,194, however the average selling price of a detached house was £343,956. (Source: Rightmove)
Because we play by the book we want to tell you that...Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.