Mortgage Advisor Lisburn

Here at Mortgage Direct NI, our team of reliable mortgage advisors are available to support prospective home owners in Lisburn and beyond.

Why spend precious time running around high street banks or trawling through endless internet pages to get a limited overview of the deals available? As mortgage advisors, Mortgage Direct has access to a panel of over 100 lenders across the UK.

We will take the time to learn about your circumstances so that we can use our expert knowledge of the market to find the best deal for you.

Our down-to-earth mortgage brokers give clear and unbiased advice that will empower you to make your own decisions at each stage of the mortgage process.

Alongside mortgage advice, we can support you with other aspects of your property journey that you might find confusing or frustrating. Our mortgage specialists want you to get hold of the keys to your new home and are on hand to answer all your questions.

If you are searching for mortgage advice in the Lisburn region, please phone 02838 894255 or contact us online today.

Row of houses available to be let

First Time Buyer Mortgage Advice, Lisburn

Sometimes, to grab that first rung of the property ladder, you need a leg up. That is what we at Mortgage Direct are here for.

We can help you complete the purchase of your first house by talking you through the process step-by-step and helping you to find the right mortgage deal for you. You can contact us at any time for advice or support.

Let’s begin by simplifying the financial considerations. Lenders will base their loan amount on your income, out-goings and credit score, among other things. They will want to make sure that you can initially cover:

  • The deposit – as a fist time buyer in Lisburn, you will need a percentage of the property value saved as capital in order to make a down payment and secure your mortgage. Lenders may ask for as little as 5% from first time buyers
  • External costs – these are costs that you need to pay on top of the deposit. They are not necessarily mortgage related, but will be essential in the property purchasing process. For example: property searches and surveys, home insurance, mortgage arrangement and solicitors’ fees, stamp duty and removal costs

Don’t have a deposit?    

Shared ownership means you buy a share of the property and they buy the rest. You pay the mortgage on your bit and pay shared ownership rent on their bit, and you may not need a deposit. When you’re able to, you can increase your share in the house bit-by-bit until you own it all.

We can assess your circumstances and advise if you are eligible to apply for shared ownership.

Home Mover Mortgage Advice, Lisburn

Whether you are looking to move into or out of Lisburn, moving house can be a trying time and we are here to help.

You classify as a home mover if you are selling a property that you own in order to buy another one.

No matter the size or value of their property, home movers will qualify for a standard residential mortgage. Mortgage Direct can sift through the hundreds of deals out there to narrow down your choices to a few that match your requirements.

As a home mover, there are a few things to remember to check off your list:

  • The mortgage valuation – an assessment of the property’s worth against how much you are paying for it. This can cost from £175 to £250 but some lenders will pick up the cost for you
  • Stamp Duty – tax that is calculated based on property/land value and location
  • Conveyancing fees – payment for the legal work involved in transferring property ownership

If everything starts to get a little overwhelming, we are here to support you every step of the way and make sure that you don’t miss a thing.

Remortgage Advice, Lisburn

If you want to move from your current mortgage lender to a different lender, this means that you will need to remortgage your house in Lisburn.

There are several reasons why you might want to do this:

  • When your mortgage contract is about to end, you may wish to research another deal that better suits the changed circumstances that you have experienced since first brokering the deal
  • If the value of your property has increased, you may have a lower loan to value ratio. This means that you could borrow more money for things such as home improvements or large purchases
  • You may be in a position to pay off your mortgage earlier than anticipated, but your current lender doesn’t allow you to make overpayments
  • You may want to reduce your interest rate to save money on monthly repayments

Whether you can relate to any of these situations or you have a completely unique reason for wanting to remortgage your house, Mortgage Direct’s experienced advisors can help you reassess your mortgage deal.

Self Build Mortgage Advice, Lisburn

Self-build mortgages are for people who are building their own home, whether that’s with their own two hands or through a team of contractors.

If you are building your own home in Lisburn, a self-build mortgage is designed to help with budgeting for each phase of your project. The lender will give you the capital in stages to ensure that the money is spent as planned and doesn’t run out before the build is complete.

In a Northern Irish community like Lisburn, self-build mortgages have one distinct advantage over others. This is stamp duty. In Northern Ireland, stamp duty is only charged on land above a certain value and isn’t charged on the cost of building the house or the value once completed.

Mortgage Direct can work with you to plan your project proposal and find the mortgage that best suits your self-build plans.

Buy to Let Mortgage Advice, Lisburn

If you are buying a property with the intention of renting it, you will need a buy-to-let mortgage. These mortgages recognise that you will be using the property as a source of income.

As such, buy-to-let mortgages in Lisburn are typically more expensive than other types of mortgage. Lenders may look for a deposit of between 25% – 40% and you may need to pay higher tax.

You may also want to consider whether you require the mortgage to be interest-only.

Do not let this put you off your chance to invest in the property market. There are plenty of ways in which we can help you build your portfolio with a mortgage that suits your needs.

mortgage advisor

Mortgage Advisors: Mortgage Direct NI

Mortgage Direct NI is a mortgage and protection company that aims to get you the keys to your home and ensure that you have the financial stability and the right cover in place so that you never have to lose them.

We are based out of Craigavon in Northern Ireland, serving the Lisburn area, but also operating UK wide.

In 2008, our founder, Michelle Toal, began to build strong relationships with clients, solicitors and estate agents as a mortgage and protection specialist. In 2019, she established her own business – Mortgage Direct NI – which has grown to become a market-leader of mortgage advice.

Our clients and their needs are at the heart of everything we do. We will assign you a dedicated customer support manager who will take the time to understand your circumstances and lend you support throughout your journey with us.

Our expert mortgage advisors will give tailored solutions that simplify the hectic world of mortgages and take into account the things that are important to you.

Read our staff profiles here.

About Lisburn

Northern Ireland’s third largest city, the city of Lisburn is part of the Belfast Metropolitan Area and sits eight miles southwest of Belfast city centre. It was granted city status in 2002 to celebrate Queen Elizabeth II’s golden jubilee. Lisburn is located on the banks of the River Lagan, which forms the boundary between County Antrim and County Down.

Click here for directions from Lisburn to our Mortgage Direct offices at 50C Meadow Lane, Portadown, Co.Armagh, BT63 5WW.

If you would benefit from mortgage advice in Lisburn, please call 02838 894255 or enquire online today.