Mortgage brokers in Southampton

We have brokers available to find you a mortgage in Portsmouth, whether you need a home mover mortgage, a buy-to-let or a remortgage.

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Southampton Office

Ground Floor, Threefield House
Threefield Lane
SO14 3LP

Mortgage Advisers & Brokers in Southampton

The Mortgage Hut can provide help and advice on mortgages and insurance products from our office located at College Place in Southampton City Centre. If you are thinking of purchasing a property in or around Southampton, make an appointment or call in and speak to our team.

The Property Market in Southampton

A vibrant, up and coming city, Southampton has exciting plans for the future. With £1 billion of investment already underway, huge redevelopment plans promise to transform seven areas of the city, creating 24,000 new jobs, 5000 new homes and hope to make Southampton a leading low carbon city. (Source:Discover Southampton) Southampton offers great potential for investment, whether it be a property for yourself or to rent out.

The city of Southampton and its outskirts provides properties to meet the needs of all tastes and requirements. If you are looking for a new build, there are a range of developments to choose from with much more on the way. If period properties are more your style then there are some beautiful Victorian, Edwardian and 1930’s homes with plenty of character to be found both inside the city and the surrounding areas.

Southampton has seen an increase of 5% in property prices over the last year with an 11% increase on the previous year. Most sales made last year were flats which were purchased for an average of £154,527. The average overall house price in the city was £206,474 with homes in the Highfield area a little higher at £239,442 and slightly lower in the Portswood area at £190,906. (Source:Rightmove).

Help for First Time Buyers in Southampton

If you are a first time buyer based in and around Southampton and thinking about your mortgage, make sure you get trusted advice from a mortgage broker such as The Mortgage Hut when it comes to financing your first property.

It is likely you will require a mortgage with a high loan-to-value (LTV) ratio which sometimes come with higher interest rates and charges - so it’s worth getting professional help to search the market for the most suitable mortgage deal.

Get in touch with us at our Southampton office to arrange an initial discussion with one of our mortgage advisers - expert, friendly, local mortgage.

Southampton - Help to Buy Mortgage Scheme

Southampton offers a range of new build flats and houses suitable for those using the Government’s Help to Buy scheme to assist them purchase a property. If you are eligible, it may be possible to move home with just a 5% deposit by using an equity loan or mortgage guarantee from the government - perfect for those trying to make that first step with limited funds.

A mortgage enabled by the Help to Buy scheme works in the same way as other mortgages except that under the scheme the Government offers lenders the option to purchase a guarantee on mortgage loans.

Lenders taking part are able to offer home buyers high-loan-to-value mortgages (as high as 80-95%). You will still be fully responsible for your mortgage repayments. So if you have a 5% deposit, you will need to take out and pay back a 95% mortgage - take advice on the affordability of any mortgage or loan scheme.

Contact The Mortgage Hut for more details about what the Help to Buy scheme has to offer.

Remortgaging Your House in Southampton?

There are usually two main reasons you may consider remortgaging your home:

  • Your current deal is coming to an end
When you reach the end of your current deal you will go back to your lender's standard variable rate (SVR) - which may result in an increase in your interest rate and mortgage payments. This is the ideal time to search for a new deal which could save you money. The Mortgage Hut Southampton can help you access thousands of mortgages (some unavailable on the High Street) and find the right one for you.

  • You want to release equity from your home
The Mortgage Hut can help assess whether it is possible for you to release some of the money in your property which could help you make repairs or home improvements. We can assist you in weighing up any legal, valuation or arrangement fees and ensure that the new mortgage payments are affordable.

If you are thinking about remortgaging your house for whatever reason, please contact us for specialist mortgage advice.

Southampton Buy to Let (BTL) Properties

Southampton offers great potential for those looking to invest in buy to let properties with a range of affordable flats and houses on the market. Home to a large university, student properties are a popular investment choice in the city, especially in areas surrounding the main campus such as Highfield and Portswood.

Additionally, there is demand for good quality rental properties suitable for families and young professionals.

From experienced landlords with large portfolios to those looking to purchase their first buy to let property in Southampton - The Mortgage Hut can help you find the most suitable mortgage and make the most from your investment.

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