Daniel is a fully qualified Mortgage Adviser who is based in Four Oaks, Sutton Coldfield, where he lives with his partner and two young children. Daniel believes the key to success is building good honest relationships with his clients. He always put the clients needs first and applies his golden rule; 'What would I advise my family to do?'. This approach has helped Daniel to build a fantastic reputation for himself, where most of his business comes from word of mouth recommendations.
Proactive contact so that you can stay informed of any changes that may affect your personal situation. Daniel looks forward to building a professional and valued relationship with you in the future.
Proactive contact so that you can stay informed of any changes that may affect your personal situation. Daniel looks forward to building a professional and valued relationship with you in the future.
Services
Your lifestyle and how much you spend each month can now be heavily scrutinised by lenders when assessing whether or not you are eligible for a mortgage, and furthermore, how much they will be able to borrow.
First of all, it is strongly recommend that you calculate your living costs and compare that against how much income you have.
Set up a spreadsheet with income and outgoings and establish how much disposable income you have left each month, and how much you could comfortably afford to pay towards your mortgage.
First of all, it is strongly recommend that you calculate your living costs and compare that against how much income you have.
Set up a spreadsheet with income and outgoings and establish how much disposable income you have left each month, and how much you could comfortably afford to pay towards your mortgage.
Buying a home for the first time can be a daunting prospect.
There's so many things to think about - and that's before you've even considered the many mortgage products, rates and lenders to choose from.
Budget accurately: Be realistic about how much you can afford to spend on a house, and ensure the intended mortgage is affordable.
Don't forget to allow for furnishings, and remember older properties may require extensive work, such as re-flooring, tiling or renewing the wiring.
Make sure you budget for these likely expenses in addition to the purchase price, along with other fees such as conveyancing and stamp duty.
There's so many things to think about - and that's before you've even considered the many mortgage products, rates and lenders to choose from.
Budget accurately: Be realistic about how much you can afford to spend on a house, and ensure the intended mortgage is affordable.
Don't forget to allow for furnishings, and remember older properties may require extensive work, such as re-flooring, tiling or renewing the wiring.
Make sure you budget for these likely expenses in addition to the purchase price, along with other fees such as conveyancing and stamp duty.
Any initial meeting is at our own cost, any future fees will be discussed during our initial consultation.
Remortgaging means switching your mortgage to another deal - often with a different lender.
Most people switch mortgages because it will work out cheaper for them.
For example, the introductory discounted interest rate may have finished with your current lender, and you might get a discount, or a lower APR, with another lender.
It is worth noting that a remortgage isn't always the best option.
Remortgaging means switching your mortgage to another deal - often with a different lender.
Most people switch mortgages because it will work out cheaper for them.
For example, the introductory discounted interest rate may have finished with your current lender, and you might get a discount, or a lower APR, with another lender.
It is worth noting that a remortgage isn't always the best option.
These types of mortgages are designed for property investors and private landlords, who do not intend to live in the purchased property.
Buying additional property for the purpose of letting it to earn rental income can be risky and complicated since there is no guarantee that house prices will rise nor that rental income will be uninterrupted.
That said, letting a second property to tenants could return respectable financial rewards over the longer term, but it's important to properly consider the risks, as well as rewards, involved in 'Buy to Let' first.
Buying additional property for the purpose of letting it to earn rental income can be risky and complicated since there is no guarantee that house prices will rise nor that rental income will be uninterrupted.
That said, letting a second property to tenants could return respectable financial rewards over the longer term, but it's important to properly consider the risks, as well as rewards, involved in 'Buy to Let' first.
An offset mortgage enables you to use your savings to reduce your mortgage balance and the interest you pay on it.
For example, if you borrowed 200,000, but had 50,000 in savings, you would only be paying interest on 150,000.
Offset mortgages are generally more expensive than standard deals, but can reduce your monthly payments, whilst still giving you access to savings.
This article (Offset Mortgages) is intended to provide a general appreciation of the topic and it is not advice.
For example, if you borrowed 200,000, but had 50,000 in savings, you would only be paying interest on 150,000.
Offset mortgages are generally more expensive than standard deals, but can reduce your monthly payments, whilst still giving you access to savings.
This article (Offset Mortgages) is intended to provide a general appreciation of the topic and it is not advice.
Reviews
Be the first to review Daniel Cottam Mortgage Advisor.
Write a Review
