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Finding the right mortgage

A vital part of purchasing your own home is arranging the right type of mortgage.  Getting help and independent advice is the key part of this process and South West Homes is here to help you make these important decisions.

Independent Financial Advice

Our panel of independent mortgage advisors has been selected because of  their high levels of service as shown from our customer feedback;  they will help you make the choices that will give you a great start to life as a home owner.

Because mortgage advice is so important in buying your home, we expect all applicants to seek advice before arranging a mortgage. You can use one of the mortgage advisors below.

If you choose your own advisor then we may need to carry out a further check of your details to ensure you have been given the best possible advice.

Types of Mortgages

There are many different types of mortgage, with varying terms and conditions. You will be required to obtain your mortgage from a high street lender, regulated by the FSA. You will be advised of which mortgages are acceptable for the scheme you are applying for.

When choosing the right mortgage for you, make sure you're not overstretching yourself and can afford the monthly payments.

Remember, interest rates can go up as well as down, so make sure you've got enough flexibility to cover potential financial outgoings.

Exclusively for teachers....No Deposit Required with HomeBuy Direct.

For more information and to see if you're eligible call The Teachers Building Society direct on 0800 378 6699 or Click Here  for more information.

Re-mortgages

For further information on re-mortgaging your Homebuy Direct property please visit http://www.myfirsthome.org.uk/content/1/74/remortgaging.html 

This calculator is provided for information purposes only.  South West Homes are not authorsed to provide financial advice and the information provided by this mortgage payment calculator does not contain all of the details you need to choose a mortgage. Make sure you receive a Key Facts Illustration (KFI) from an authorised financial advisor before you make any decisions.

Other important things to note:

Generally, the term of your mortgage should be for no more than 35 years.

• Self-certified mortgages are not acceptable.
• Your mortgage should be on a repayment basis.
• We cannot accept mortgage offers that offer further borrowing without consent.
• You can only borrow money on a mortgage up to the value of the share you are buying in the property

 

Our panel of Financial Advisors

 

Warren & Co                                                                                                          

Raleigh Mead, South Molton, Devon, EX36 4BT                                                                            

Tel: 0800 043 1011                                                                                          

 *Area covered - Gloucester, Avon, Somerset, Dorset, Devon & Cornwall                                              

Woodward Insurance & Mortgage Services Ltd                                                                      

143 High Street, Street, Somerset, BA16 0EX

Tel: 01458 840404

* Area covered - The South West

That Mortgage Place                                                                                            

Cedar Barn, White Lodge, Walgrave, Northampton, NN6 9PY

Tel: 01604 780586/07875557884                                                                            

*Area Covered - The South West

 Dupree Mortgage Services Ltd

Unit 17 Springfield Business Centre, Stroudwater Business Park, Brunel Way, Stonehouse, GL10 3SX

Tel: 0800 954 1289

*Area covered - The South West

For more information on Dupree Mortgage Services, please click here.

Mark Willing Financial Services                                                                             

6 Long Meadow, Plympton, Plymouth, PL7 4JD                                                                                             

 Tel: 01752 338371                                                                                                                  

*Area covered - Devon, Cornwall, Somerset & Dorset                                                                                               

Positive Solutions

Contact - Andy Purnell

Poseidon House, Neptune Park, Plymouth, PL4 0SN                                                                                                               

Tel: 01752 676506 / Mob: 07940186601

*Area Covered - Devon & Cornwall                                    

Achievable Mortgage Solutions

83 Milehouse Road, Plymouth, PL3 4AE

Tel: 01752 605025

*Area Covered- Somerset, Devon & Cornwall

 

 Our panel of Solicitors

 

Stephens Scown Solicitors                                                                                      

Keith Wright     

Osprey House, Malpas Road, Truro, Cornwall, TR1 1UT

Tel: 01872 265100

*Area covered - Entire South West                                                                  

 New Homes Legal Helpline                                                                                    

Rick Barrow

Smith Annexe, 112 Adlington Road, Wilmslow, Cheshire, SK9 2LN

Tel: 01625 520066                                                                                                     

*Area covered- Wiltshire, Somerset, Bristol, Avon & Gloucestershire                                

 Wolferstans Solicitors                                                                                              

Susan Williams  

Deptford Chambers, 60 -66 North Hill, Plymouth, PL4 8EP                                                                                                          

Tel: 01752 292343       

*Area covered - Dorset, Devon, Cornwall, Somerset, Hampshire & Wiltshire 

Penningtons Solicitors LLP 

Linda Storey

Da Vinci House, Basing View, Basingstoke, RG21 4EQ                                                                                               

Our panel of Surveyors

 

Besley Hill Chartered Surveyors                                                                                 

10 Badminton Road, Downend, Bristol, BS16 6BQ

Tel: 0117 970 1551

*Area covered - Bristol, Bath, Somerset, Wiltshire, South Gloucestershire & Gloucestershire

Connells Survey & Valuation Ltd

Cumbria House, 16-20 Hockliffe Street, Leighton Buzzard, Bedfordshire, LU7 1GN

Tel: 07991 939 2708/01525 215619

*Area covered-Somerset, Avon, Gloucestershire, Wiltshire, Dorset, Devon & Cornwall.

Wilkinsons Grant & Co Surveyors

Broadwalk House, Southernhay Gardens, Exeter, EX1 1TS

Tel: 01392 455911

*Area covered - Devon

 

 

Other financial advisors

The Financial Services Authority (FSA) hold a register of financial/mortgage advisors who are put on their register once they have given them permission to carry out a particular activity.  After being authorised the FSA monitor that they follow set standards, known as being regulated. You can access the register by clicking here.

 

Where to find more information?

• Click here to download  our 'finding the right mortgage' brochure
• Click here to download  our 'cost of buying your home' brochure