Mortgage Advisor Armagh

If you are looking to purchase property in County Armagh but are struggling to find the right mortgage deal for you, Mortgage Direct’s team of expert brokers are on hand to provide advice.

Searching for a mortgage is a trying time, as if the trials and tribulations of the housing market were not enough. On one end of the scale, high street lenders are limited in the deals they can offer; on the other, the internet is a world of contradictions and never ending choice.

Mortgage Direct offers its services to simplify your lives, straighten out your options and allow you to peruse them at leisure. We have access to deals from over 100 lenders nationwide, but we also have the knowledge of the market to narrow these down to a few that best suit your requirements.

We will work with you, answer your questions and provide unbiased advice, allowing you to make your own decisions, armed with confidence in your knowledge.

If you are looking for mortgages in Armagh, please get in touch via 02838 894255 or contact us online for advice.

mortgage advisor Armagh

Mortgage Advice for First Time Buyers, Armagh

Making that decision to buy your first home is one of those key moments in life, but like any first time, the process can be daunting.

In addition to jumping through all the hoops that will get you a mortgage, there are other factors to account for:

  • The deposit – typically low for first time buyers, a deposit in Armagh may be as little as 5%, though deals will vary. The deposit is a percentage of the property value that you will need saved as capital in order to make a down payment, get a mortgage and buy your first home.
  • Shared ownership – you can purchase a property with someone else by buying a share of the property while they buy the rest. This means you only pay the mortgage on your share (you will have to pay shared ownership rent on their part as well), but it also means that you may not need a deposit. We will assess your circumstances and advise if you are eligible to apply for shared ownership.
  • External costs – buying a house entails more than just paying the price. You will need to have budgeted for property searches and surveys, home insurance, mortgage arrangement and solicitors’ fees, stamp duty and removal costs.

There’s a lot! But remember that nothing is impossible. We are here to take you through it all one step at a time.

Mortgage Advice for Home Movers, Armagh

You are a home mover in Armagh if you are selling your current residence in order to buy a different one. A standard residential mortgage is the deal most likely suited to you, whether you are downsizing or moving into your dream house.

Beyond the standard residential mortgage, there will be some other things to remember:

  • Mortgage valuation – this is used to assess the value of the property against the price you are paying for it. In Armagh, they can cost between £175 to £250, but some lenders will cover this for you.
  • Stamp Duty – this tax is determined by the purchase price or location of the property.
  • Conveyancing fees – these are paid to the solicitor or conveyancer for the legal work they do to transfer property ownership.

Our expert mortgage advisors are on hand to help you navigate any concerns you may have and help get you the keys to the rest of your life.

Advice on Remortgaging, Armagh

There are occasions when people who have already gone through the whole ordeal of finding a mortgage want to change their mortgage provider. This means that they will need to remortgage their property.

There are many reasons you may want to change your mortgage lender in Armagh, but here are a few common examples:

  • To save money on monthly repayments by reducing your interest rate
  • To change the type of mortgage you have if your circumstances have changed
  • To borrow money on top of an existing mortgage for home improvements
  • To pay off your mortgage earlier than anticipated by switching to a lender that allows overpayments

Don’t hesitate to get in touch to talk through your current mortgage and start doing some research into a better deal with a qualified broker.

Advice on Self Build Mortgages, Armagh

If you are planning to build your own home in Armagh – whether you are building your property with your own two hands or have hired some help – then you will require a self-build mortgage.

Self-build mortgages are intended to make project management a little easier by releasing money in stages over a period of time. This is to ensure that you do not run out of funds before the project is complete, but it also means that you will need to budget for the different phases of your development.

Projects that require a self-build mortgage in Armagh and Northern Ireland are only charged stamp duty if the land is over a certain value. It could be that you are exempt from paying this tax.

Mortgage Direct is here to guide you through the process of applying for a self-build mortgage and answer any questions you may have.

Advice on Buy to Let Mortgages, Armagh

A buy-to-let mortgage is necessary for prospective landlords who want to buy property with the aim of renting it out.

The thing to bear in mind with these mortgages is that they often demand a greater deposit (between 25% to 40% in Armagh) and there may be tax implications to owning a rental property. You should also consider whether or not you want your mortgage to be interest-only.

We can explain any of these considerations in detail and help you to decide on the best deal for your circumstances.

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Why Choose Mortgage Direct NI?

Here at Mortgage Direct, our mission is to get you a mortgage without distracting you from your daily life or your business.

We take the time to get to know you and what you are looking for in a mortgage based on your circumstances. We understand that everyone has unique requirements and will do our best to find a mortgage that meets them all.

You will be assigned a personal customer support manager who will be available to answer any questions and will support you through this process.

Mortgage Direct has been in official operation since 2019 but can trace its beginning back to 2008, when our founder first became a qualified expert on mortgage and protection advice. We are now one of the leading firms in Northern Ireland and serve the whole of the UK from our base in County Armagh.

As a mortgage and protection company, we focus on getting you the keys to your home and ensuring that you have the right cover in place so that you never have to give those keys back.

Learn more about us.

About Armagh

Armagh is the county town of Northern Ireland’s County Armagh and gained city status in 1994. The area has been a centre of religious activity since ancient times, with the pagan ceremonial monument of Navan Fort located nearby. Navan Fort, or Eamhain Mhacha, was one of the great royal capitals of Gaelic Ireland, serving as a seat of power for the Gaelic kings of Ulster.

The city of Armagh is now the ecclesiastical capital of Ireland for both the Roman Catholic Church and the Church of Ireland. It is home to two cathedrals, both named after St Patrick due to the belief that he founded his main church in Armagh in AD 445.

Continuing an educational tradition established since the time of St Patrick, Armagh Observatory was founded in 1790. This astronomical research institute is still active today, serving as the base for roughly 25 astrophysicists, environmental scientists and astronomers. The Armagh Planetarium was later built adjacent to the site.

Our Mortgage Direct offices is located at: 50C Meadow Lane, Portadown, Co.Armagh, BT63 5WW. See directions from Armagh.

For mortgage advice in the Armagh area, please call 02838 894255 or contact us online with enquiries.