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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.
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 financial advisors
Gerry Dupree & Co Ltd
Unit 17 Springfield Business Centre, Stroudwater Business Park, Brunel Way, Stonehouse, GL10 3SX
HomeBuy Helpline 0800 954 1289
Open 9am to 6pm Weekdays
Open 10am to 6pm Weekends
Woodward Insurance & Mortgage Services Ltd
143, High Street, Street, Somerset, BA16 0EX
HomeBuy Helpline 01458 840404
Open 8.30 to 5.30 Monday to Friday
Open 9am to 12pm Saturdays
Warren & Co
54 Dinglewell, Hucclecote, Gloucester, GL3 3HU
HomeBuy Helpline 0800 043 1011
Open 8am to 5.30pm Monday to Friday
Open 10am - 2pm Saturday
Gerry Dupree & Co Ltd
Bayleys Brook House, Shurton, Stougursey, Somerset, TA5 1QE
HomeBuy Helpline 0800 954 1289
Open 9am to 6pm Weekdays
Open 10am to 6pm Weekends
Warren & Co
Raleigh Mead, South Molton, Devon, EX36 4BT
HomeBuy Helpline 0800 043 1011
Open 8am to 5.30pm Monday to Friday
Open 10am - 2pm Saturday
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 FSA register by clicking here.
Where to find more information?
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Click here to download our 'finding the right mortgage' brochure
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Click here to download our 'cost of buying your home' brochure