Start your journey to homeownership

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There are multiple affordable schemes and initiatives to get you moving and able to buy your first home.

If you want to purchase a home, you’ve likely encountered the term ‘affordable housing’. This refers to homes available for purchase or lease at a cost lower than their actual market value. This is often part of a programme supported by governmental or local authorities.

You’re not alone if you’ve been dreaming of owning your first home or moving to another home but find the financial hurdle daunting. Additionally, multiple schemes with varying eligibility criteria have led to confusion about how they function and who can benefit from them.

Let’s delve into these options:

First Homes Scheme: A leg up on the property ladder

Aimed at assisting first-time buyers in England, the First Homes Scheme offers certain new build homes at 30% to 50% less than their market value. To qualify, you must be over 18, a first-time buyer, capable of securing a mortgage for at least half the price of the home, and have a total household income of no more than £80,000 (£90,000 in London).

Note that the home will always remain within the scheme, meaning when you sell, you must offer your buyer the same percentage discount as you received. Although the scheme is beneficial, availability might be limited. Visit www.gov.uk/first-homes-scheme for more information.

Shared Ownership: An alternative path to homeownership

Shared Ownership allows you to buy a share of a leasehold property – between 10% and 75% – and pay rent on the remaining portion. Over time, you can increase your owned share, a process known as ‘staircasing’. Local authorities or housing associations manage these schemes.

The latest government model, launched in April 2021, introduces several new features, making it an excellent option for those who can’t currently afford to buy in their desired area or purchase a property of the size they need. For full information, including how to apply, visit www.gov.uk/shared-ownership-scheme.

Deposit Unlock: Your key to competitive mortgage rates

Deposit Unlock, a privately run scheme similar to the government’s original NewBuy scheme, can be a game-changer if you have a 5% deposit. With 50 builders now to choose from, you can buy a new build home from one of the house builders participating in the scheme and benefit from an insurance-backed guarantee, allowing you to access competitive 95% LTV mortgage rates.

This scheme is open to everyone, not just first-time buyers. Visit the Deposit Unlock website for more details at www.deposit-unlock.co.uk.

Mortgage Guarantee Scheme: Assurance lessens the risk for mortgage lenders

The Mortgage Guarantee Scheme, similar to Deposit Unlock, provides a viable route for potential homeowners to purchase a property with just a 5% deposit. The government’s involvement sets this scheme apart – they guarantee 15% of the loan. This assurance lessens the risk for mortgage lenders, providing a safety net if buyers default on their mortgage payments. This scheme has already paved the way for thousands of households to own homes and will remain open until December 2023.

Rent to Buy: Time to build up a deposit to buy a share or the entire property

Another avenue for prospective homeowners is the Rent to Buy scheme, which varies depending on the provider and location. For instance, in England and Northern Ireland, individuals can rent a newly built home roughly 20% below the market rent for up to five years. The money saved during this period can then be used to build up a deposit to buy a share or the entire property. Meanwhile, in Wales, tenants paying market-value rent have the option to buy the property after two to five years of occupation. They receive back 25% of the rent paid and 50% of any increase in the property’s value as their deposit.

Forces Help to Buy: A helping hand for Armed Forces personnel

If you’re serving in the armed forces, you may be eligible to borrow up to 50% of your annual salary, to a maximum of £25,000, interest-free for ten years. This Forces Help to Buy scheme is a pay advance that can be used to buy or adapt a home. With a team made up of military veterans and spouses we know we can support you through using this Scheme.

Developer Incentives: The icing on the cake

Beyond these schemes, developers often sweeten the deal with various incentives. These can include covering Stamp Duty (or Land Tax) fees, footing the bill for legal fees, offering free upgrades like flooring and appliances, and even gifting cash or gift cards for furnishing the new home. Some incentives may work in tandem with existing schemes, such as paying a few months’ rent on a Shared Ownership home. While eligibility for these incentives often depends on specific criteria or a stroke of luck, they are worth exploring to reduce initial costs and enjoy additional benefits.

Lifetime ISA: A boost for your savings

The Lifetime Individual Savings Account (LISA ) is a savings product designed to aid you in accumulating funds for a home deposit or retirement. You can contribute up to £4,000 annually, and the government will augment this with a 25% bonus, up to a maximum of £5,000. To be eligible, you need to be aged between 18 and 39. Even better, you can continue to earn the bonus on new payments into the ISA until you reach the age of 50.

Ready to take the next step?

If you’re considering which schemes might be the right fit for you, our team are experts at working with First Time Buyers. We’re here to help you make your dream of homeownership a reality.  

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At Yes Mortgage Services, we offer a comprehensive range of products from across the market.

Irrespective of whether you are looking to buy a new home, re-mortgage an existing property, or looking to protect your family from the unpredictability that life throws at it or protect your income if you are unable to work due to accident or ill health.

Yes Mortgage Services are committed to offering you the highest possible standards of service. We can undertake the whole process from answering the initial questions through to handling multiple product applications. Ensuring that everyone gets treated with the same urgency and maintaining your best interests are our main goals irrespective of the value of the mortgage.

We recognise that both we and our customers have everything to gain if we look after your best interests and treat you fairly in all aspect of our dealings with you.

Yes Mortgage Services

Contact Us

YES Mortgage Services Limited
The Old Barn
Brooklands Farm
Mannington
Wimborne
BH21 7JU

Hours
Monday – Friday 0900 – 1700

Contacts
0800 612 5596
[email protected]

We don’t charge a broker fee

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If you're a member of the Armed Forces and need mortgage advice - we're here to support you.⁣
⁣
We're a team of (ex-military) mortgage advisors, who understand the pressures you face and speak your language - from the terminology to the banter of service life. ⁣
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We can even read military pay statements! ⁣
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Visit our website to learn more (🔗 in bio)  or give us a call on 0800 612 5596.⁣
⁣
...⁣
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Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣
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...⁣
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#raf #britisharmy #royalnavy #britisharmedforces #ukarmedforces #ukveterans #ukaf #forcesfamilies #ukveteranowned #forceshelptobuy

If you`re a member of the Armed Forces and need mortgage advice - we`re here to support you.⁣

We`re a team of (ex-military) mortgage advisors, who understand the pressures you face and speak your language - from the terminology to the banter of service life. ⁣

We can even read military pay statements! ⁣

Visit our website to learn more (🔗 in bio) or give us a call on 0800 612 5596.⁣

...⁣

Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#raf #britisharmy #royalnavy #britisharmedforces #ukarmedforces #ukveterans #ukaf #forcesfamilies #ukveteranowned #forceshelptobuy
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The underwriting process is when the lender reviews your ability to repay a mortgage and decides whether they will approve the loan. It's a pretty important step in the journey to owning your dream home! ⁣
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Though it may differ slightly between lenders, there are generally three parts:⁣
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• Affordability⁣
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First, the lender will review your mortgage application to assess your financial situation. They'll look at your income, outgoings, and other financial commitments to determine if you can afford the monthly repayments.⁣
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• Creditworthiness⁣
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Next, they'll assess your creditworthiness. They'll scrutinize your credit history and any previous experiences with borrowing money.⁣
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• Decision⁣
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Finally, the lender will make the big decision whether or not to approve your mortgage!⁣
⁣
We’re here to help you through every step of the mortgage process and are always on hand to answer your questions.  Give us a call on 0800 612 5596. ⁣
⁣
...⁣
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Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.

The underwriting process is when the lender reviews your ability to repay a mortgage and decides whether they will approve the loan. It`s a pretty important step in the journey to owning your dream home! ⁣

Though it may differ slightly between lenders, there are generally three parts:⁣

• Affordability⁣

First, the lender will review your mortgage application to assess your financial situation. They`ll look at your income, outgoings, and other financial commitments to determine if you can afford the monthly repayments.⁣

• Creditworthiness⁣

Next, they`ll assess your creditworthiness. They`ll scrutinize your credit history and any previous experiences with borrowing money.⁣

• Decision⁣

Finally, the lender will make the big decision whether or not to approve your mortgage!⁣

We’re here to help you through every step of the mortgage process and are always on hand to answer your questions. Give us a call on 0800 612 5596. ⁣

...⁣


Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.
...

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Retirement is an exciting time full of new adventures and quality time with your loved ones.⁣
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But getting a mortgage can be tricky, and that's where retirement interest-only mortgages come in.⁣
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During the term of the mortgage, you'll make monthly repayments to cover the interest. And the outstanding capital you owe will be paid off when selling the house, when you pass away, or if you transition to long-term care.⁣
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If you’re looking for a retirement interest-only mortgage, and want to find out more, tap the link in our bio or call us on 0800 612 5596 to chat with one of our friendly advisors.⁣
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Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣
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...⁣
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#retireuk #retirementuk #retirement #retire #retirementplanning #retirementmortgage #mortgagesuk

Retirement is an exciting time full of new adventures and quality time with your loved ones.⁣

But getting a mortgage can be tricky, and that`s where retirement interest-only mortgages come in.⁣

During the term of the mortgage, you`ll make monthly repayments to cover the interest. And the outstanding capital you owe will be paid off when selling the house, when you pass away, or if you transition to long-term care.⁣

If you’re looking for a retirement interest-only mortgage, and want to find out more, tap the link in our bio or call us on 0800 612 5596 to chat with one of our friendly advisors.⁣

...⁣


Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#retireuk #retirementuk #retirement #retire #retirementplanning #retirementmortgage #mortgagesuk
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Getting a mortgage on a non-standard property may involve higher interest rates or larger deposit requirements, but with careful planning and expert help, your dream home can become a reality!⁣
⁣
Our team of experts are on hand to connect you with accommodating lenders and help negotiate favourable terms. Click the link in our bio to learn more.⁣
⁣
...⁣
⁣
⁣
Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.

Getting a mortgage on a non-standard property may involve higher interest rates or larger deposit requirements, but with careful planning and expert help, your dream home can become a reality!⁣

Our team of experts are on hand to connect you with accommodating lenders and help negotiate favourable terms. Click the link in our bio to learn more.⁣

...⁣


Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.
...

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Kelly is our dedicated insurance protection specialist. She joined the team in 2019, bringing nearly 20 years of experience in the financial industry and over 10 years in the protection sector 🌟⁣
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Her drive is to ensure people are protected as she has experienced first-hand how a loss can impact family and everyday life.⁣
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Kelly enjoys spending time with her friends, especially taking her nephews to Bournemouth football matches! And she has the most gorgeous King Charles Cavalier called Rufus 🐶 (who enjoys keeping her on her toes!)⁣
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If you need help deciding which individual insurance, specialist insurance, or general home insurance is right for you give Kelly a call on 0800 612 5596.

Kelly is our dedicated insurance protection specialist. She joined the team in 2019, bringing nearly 20 years of experience in the financial industry and over 10 years in the protection sector 🌟⁣

Her drive is to ensure people are protected as she has experienced first-hand how a loss can impact family and everyday life.⁣

Kelly enjoys spending time with her friends, especially taking her nephews to Bournemouth football matches! And she has the most gorgeous King Charles Cavalier called Rufus 🐶 (who enjoys keeping her on her toes!)⁣

If you need help deciding which individual insurance, specialist insurance, or general home insurance is right for you give Kelly a call on 0800 612 5596.
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Not all mortgages are created equal. ⁣
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Let us help you navigate the maze of mortgage options and find the right match that aligns with your financial goals.⁣
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We'll listen to your needs, guide you through the process, and recommend only the most suitable deals. Call us on 0800 612 5596 or send us a DM. ⁣
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...⁣
⁣
Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣
⁣
...⁣
⁣
#movinghouse #buyingahouse #letsbuyahouse #housemove #newhome #housebuyingtips #movinghomes

Not all mortgages are created equal. ⁣

Let us help you navigate the maze of mortgage options and find the right match that aligns with your financial goals.⁣

We`ll listen to your needs, guide you through the process, and recommend only the most suitable deals. Call us on 0800 612 5596 or send us a DM. ⁣

...⁣

Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#movinghouse #buyingahouse #letsbuyahouse #housemove #newhome #housebuyingtips #movinghomes
...

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Timing is everything when it comes to renewing your mortgage...⁣
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Starting the process around six months before your current deal ends can prevent you from being automatically switched to your lender's standard variable rate - which is often much more expensive!⁣
⁣
Our team of mortgage advisors are here to guide you through the world of remortgages and answer any questions you have. Click the link in our bio to learn more 🔗 or give us a call on on 0800 612 5596.⁣
⁣
...⁣
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Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.

Timing is everything when it comes to renewing your mortgage...⁣

Starting the process around six months before your current deal ends can prevent you from being automatically switched to your lender`s standard variable rate - which is often much more expensive!⁣

Our team of mortgage advisors are here to guide you through the world of remortgages and answer any questions you have. Click the link in our bio to learn more 🔗 or give us a call on on 0800 612 5596.⁣

...⁣


Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.
...

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A quick guide to the things that can impact the interest rate on your mortgage:⁣
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• Type of mortgage - Variable rate mortgages often offer lower interest rates when compared to fixed-rate mortgages. The reason for this is that with a fixed rate, you're paying for the certainty of knowing what your monthly payments will be.⁣
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• Debt-to-income ratio - This represents the amount you spend each month on debts, divided by your monthly income. Generally, a lower debt-to-income ratio can help you secure better rates.⁣
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• Credit score - A higher credit score typically translates to a lower interest rate, while a lower score may result in a higher rate.⁣
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• Loan-to-value ratio - Calculated as a percentage, the loan-to-value ratio represents the loan amount compared to the value of your house. Generally, a lower LTV can help you secure better rates.⁣
⁣
• Using a broker - Using a mortgage broker can give you an advantage in negotiating favourable mortgage terms. They have insider knowledge of available offers and rate discounts that may not be accessible when applying directly.⁣
⁣
If you're looking to secure a favourable rate, we can offer tailored advice and guidance to help you find the most suitable deal for your needs - and we don't charge a broker fee!⁣
⁣
Give us a call 0800 612 5596 or tap the link in our bio.⁣
⁣
...⁣
⁣
⁣
Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣
⁣
...⁣
⁣
#movinghouse #buyingahouse #letsbuyahouse #housemove #newhome #housebuyingtips #movinghomes #mortgageinterestrates #interestrate

A quick guide to the things that can impact the interest rate on your mortgage:⁣

• Type of mortgage - Variable rate mortgages often offer lower interest rates when compared to fixed-rate mortgages. The reason for this is that with a fixed rate, you`re paying for the certainty of knowing what your monthly payments will be.⁣

• Debt-to-income ratio - This represents the amount you spend each month on debts, divided by your monthly income. Generally, a lower debt-to-income ratio can help you secure better rates.⁣

• Credit score - A higher credit score typically translates to a lower interest rate, while a lower score may result in a higher rate.⁣

• Loan-to-value ratio - Calculated as a percentage, the loan-to-value ratio represents the loan amount compared to the value of your house. Generally, a lower LTV can help you secure better rates.⁣

• Using a broker - Using a mortgage broker can give you an advantage in negotiating favourable mortgage terms. They have insider knowledge of available offers and rate discounts that may not be accessible when applying directly.⁣

If you`re looking to secure a favourable rate, we can offer tailored advice and guidance to help you find the most suitable deal for your needs - and we don`t charge a broker fee!⁣

Give us a call 0800 612 5596 or tap the link in our bio.⁣

...⁣


Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#movinghouse #buyingahouse #letsbuyahouse #housemove #newhome #housebuyingtips #movinghomes #mortgageinterestrates #interestrate
...

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We offer appointments outside normal working hours!⁣
⁣
So if you need mortgage advice in the evenings once the kids have gone to bed or at the weekend when you're not busy with work - we are available for you. ⁣
⁣
And the best bit? We don't charge a broker fee!⁣
⁣
Tap the link in our bio to learn more.⁣
⁣
...⁣
⁣
Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.

We offer appointments outside normal working hours!⁣

So if you need mortgage advice in the evenings once the kids have gone to bed or at the weekend when you`re not busy with work - we are available for you. ⁣

And the best bit? We don`t charge a broker fee!⁣

Tap the link in our bio to learn more.⁣

...⁣

Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.
...

3 0
Buying a house? Here's what you need to know about lender's valuations:⁣
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A lender's valuation helps the mortgage company decide if the house you want to buy is worth enough to secure your loan.⁣
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Exactly what's included varies, but they typically examine the property's type, condition, and sales data of similar properties in the area.⁣
⁣
But, it's important to keep in mind that a lender's valuation isn't a full survey. ⁣
⁣
It can't tell you everything that might be wrong with the house, like whether it has any costly issues that need addressing with the gas or electrics. So, it's usually a good idea to get your own survey done by a reputable surveyor.⁣
⁣
Buying your first home and taking out a mortgage can be overwhelming at times, but we're here to help. Hit follow for more tips or arrange a chat with one of our advisors on 0800 612 5596.⁣
⁣
...⁣
⁣
⁣
Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣
⁣
...⁣
⁣
#firsttimebuyeruk #firstimehomebuyers #propertyladder #firsttimehomeowners #firsttimebuyertips

Buying a house? Here`s what you need to know about lender`s valuations:⁣

A lender`s valuation helps the mortgage company decide if the house you want to buy is worth enough to secure your loan.⁣

Exactly what`s included varies, but they typically examine the property`s type, condition, and sales data of similar properties in the area.⁣

But, it`s important to keep in mind that a lender`s valuation isn`t a full survey. ⁣

It can`t tell you everything that might be wrong with the house, like whether it has any costly issues that need addressing with the gas or electrics. So, it`s usually a good idea to get your own survey done by a reputable surveyor.⁣

Buying your first home and taking out a mortgage can be overwhelming at times, but we`re here to help. Hit follow for more tips or arrange a chat with one of our advisors on 0800 612 5596.⁣

...⁣


Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#firsttimebuyeruk #firstimehomebuyers #propertyladder #firsttimehomeowners #firsttimebuyertips
...

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"...There was nothing hidden or any personal gain for the company, just genuinely making sure we got the best we could get under our circumstances. We will be definitely using them again when it comes to the time to remortgage."⁣
⁣
Don't let credit issues hold you back from owning your own home. We have access to a comprehensive panel of lenders, so we may be able to connect you with lenders who are more sympathetic to your situation.⁣
⁣
Visit our website to learn more (🔗 in bio) or give us a call on 0800 612 5596.⁣
⁣
...⁣
⁣
⁣
Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.

"...There was nothing hidden or any personal gain for the company, just genuinely making sure we got the best we could get under our circumstances. We will be definitely using them again when it comes to the time to remortgage."⁣

Don`t let credit issues hold you back from owning your own home. We have access to a comprehensive panel of lenders, so we may be able to connect you with lenders who are more sympathetic to your situation.⁣

Visit our website to learn more (🔗 in bio) or give us a call on 0800 612 5596.⁣

...⁣


Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.
...

1 0
If you're looking to remortgage, we can evaluate your situation and help you make an informed decision on the most suitable mortgage for you!⁣
⁣
With access to a wide range of Mortgage Lenders and deals – we can compare multiple mortgages to show you interest rates, fees and restrictions without having to have multiple calls 🤩⁣
⁣
Oh, and did we mention - we don't charge a broker fee!⁣
⁣
Send us a DM or call us on 0800 612 5596 to chat to one of our mortgage advisors.⁣
⁣
...⁣
⁣
⁣
Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣
⁣
...⁣
⁣
#mortgageadvisor #nobrokerfee #dorset #mortgagesmadesimple #dorsetbusiness #ukmortgages

If you`re looking to remortgage, we can evaluate your situation and help you make an informed decision on the most suitable mortgage for you!⁣

With access to a wide range of Mortgage Lenders and deals – we can compare multiple mortgages to show you interest rates, fees and restrictions without having to have multiple calls 🤩⁣

Oh, and did we mention - we don`t charge a broker fee!⁣

Send us a DM or call us on 0800 612 5596 to chat to one of our mortgage advisors.⁣

...⁣


Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#mortgageadvisor #nobrokerfee #dorset #mortgagesmadesimple #dorsetbusiness #ukmortgages
...

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