I have family who live in both Grays and Hornchurch, Essex. As a boy I would go with my parents to visit them on fairly regular occasions, and then as one gets older and does one’s own thing, the visits become less frequent.
A year or so ago I had cause to visit a crematorium on the outskirts of Hornchurch and wondered what it would be like to live in this part of the world. Looking at the properties available to buy via Rightmove (a href=”http://www.rightmove.co.uk/property-for-sale/Hornchurch.html”>http://www.rightmove.co.uk/property-for-sale/Hornchurch.html), one thing I noticed was they were expensive and it get’s me wondering how people can afford such places? Perhaps they can’t.
I live in the north of England and comparing the cost of houses in Hornchurch and Grays (or most parts of Essex actually) with places in the north west like Blackburn of Burnley, one notices a huge disparity in price. It’s this cost of housing that makes having a decent mortgage that works for you essential. With such large amounts of money being spent, the difference of a few tenths of percentage point on the base rate makes a huge difference to the amount you will be repaying each month.
We can all use online mortgage calculators, but what is more effective is to speak to a mortgage advisor – but not any mortgage advisor, an INDEPENDENT mortgage advisor is what I recommend you speaking to. Why? Because independent mortgage brokers (or advisors) are able to tell you about the mortgage offers from all the companies that offer them, rather than just a select few. For example, if you go an see the mortgage advisor from Halifax, they’ll only tell you about the mortgages sold by the Halifax. It’s the same story with all the high street brokers. They only tell you about the mortgage services they provide.
Now you will find, that if you speak to a mortgage broker who is independent they will be able to advise you about the cheapest mortgages and they will also be able to tailor a mortgage product to your specific requirements – ie. provide you with a flexible deal.
In a previous post here, we recommended an independent mortgage broker that works out of Manchester but don’t let that put you off using them, as word has it that they may soon have a presence down south and be brokering mortgage deals and offering advice not only for the people of Grays and Hornchurch, but for all of Essex and London too.